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Cardano Ecosystem

Blockchain Reporter

06/01/2024

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Core and KangaMoon Holders Ready Those Moonbags As Older Coin Cardano Struggles

With the recent Ethereum ETF approval, the crypto market is about to enter the bull season. While analysts anticipate the rally, top altcoins such as KangaMoon (KANG) and Core (CORE) are preparing to head to...

Core and KangaMoon Holders Ready Those Moonbags As Older Coin Cardano Struggles

With the recent Ethereum ETF approval, the crypto market is about to enter the bull season. While analysts anticipate the rally, top altcoins such as KangaMoon (KANG) and Core (CORE) are preparing to head to the moon. Analysts believe that with the KANG tokens listing coming up soon, the price will surge by 50x in the coming weeks. Meanwhile, older cryptos such as Cardano have continued to struggle amid centralization concerns. However, with the altcoin season about to commence, the three altcoins could witness rallies in the coming weeks. 

KangaMoon Presale Hits $7M As Holders Profit

The ongoing KangaMoon presale has hit a record milestone of $7M in presale funding. This is after over 10,000 users have bought in the presale. Also, the KangaMoon community has surpassed 32,000 members, a move that is establishing KANG as one of the top altcoins in the market. Early investors of KANG have gotten 400% ROI as the price hits $0.025 from the initial price of $0.0050.

Some crypto analysts believe that the KANG price will head to the moon soon as BitMart has announced it will list the token soon. Other notable exchanges, such as Uniswap, will likely list KANG in the coming weeks. As such, now might be the best time to buy the top altcoin. Buying now comes with a bonus when you use the promo code KANGLBC01. 

Notably, the two popular crypto data aggregator websites, CoinMarketCap and CoinGecko, have listed the token. This makes it easier for traders to analyze the KANG market trend and make investment decisions. Looking forward, the platform has mapped out various incentives for the community, with 250M KANG tokens set aside as in-game rewards in the technomics. 

As a platform, KangaMoon is building a vibrant community for meme enthusiasts. Using the two core features of GameFi and SocialFi structure, the KangaMoon ecosystem will ensure that users have an immersive gaming experience. Every challenge in KangaMoon is a chance to win rewards. With its interest in the NFT industry projected to hit $8856.95M in 2028, KANG is a worthy altcoin to add to your crypto portfolio now. 

Core Trading Volume Surges As Analysts Anticipate a Rally

While the altcoin market is witnessing a slight price correction, the Core price is heading to the moon. Market data shows that the Core price has surged by 10% in the past week, moving from $1.85 to $2.40 at some point. The Core trading volume is also rallying to show investors’ confidence in the project. 

Zooming in, the Core technical analysis shows high potential for an extended rally in June for the altcoin. Over 17 Core key market indicators are showing buy signals. The Core price has also surpassed the $2 support zone, and there is high optimism that it will retest the $3 resistance trendline in June. With a series of ecosystem developments and global adoption, the Core price can hit $5 in June.  

Cardano Price Struggling To Break Through the $0.5 Support Level

While the altcoin market witnessed a massive uptrend in the past week, Cardano didn’t see any significant improvement. In the past 30 days, Cardano’s price has surpassed the $0.50 mark once, signaling the altcoin is struggling to establish support at the price point. Since Cardano hit the yearly high of $0.77 in March, the token has struggled to bull since then. 

While the Cardano trading volume is in the uptrend, the market cap is declining. The technical analysis shows that the Cardano market sentiment is bearish. However, with the growing market activity, there is increasing optimism that Cardano’s price will rebound very soon. Even at that, issues about Cardano being too centralized could hamper the rally. Top analysts believe now is the time to buy the dip. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial

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