Daily Crypto News

What Is the Reason Behind Immutable, KangaMoon and Fantom’s Significant Uptrend?

Traders are scrambling to figure out what is causing sudden surges in altcoins such as Immutable (IMX) and Fantom (FTM). Meanwhile, another altcoin is also making headlines – KangaMoon (KANG). In fact, market analysts have pegged this rookie now in the bonus Stage of its presale as the next $0.5 altcoin in 2024. Let’s see why.

Immutable (IMX): Price Rallies As Guild of Guardians Goes Live

Recently, Immutable (IMX) has been showing massive growth. According to CoinMarketCap data, this altcoin’s price increased over 200% on the YTD charts. As Immutable recently announced that the Play-to-Earn (P2E) game Guild of Guardians has now gone live worldwide, this price surge is projected to continue.

This game boasts 1M+ players on its waitlist and has gained mass appeal. Due to this bullish Immutable news, experts in the crypto field remain confident in its growth potential. In fact, they foresee the Immutable crypto reaching a value of $3.66 before Q2 of 2024 ends. As over 14 technical indicators are flashing green, this prediction for Immutable seems very possible.

KangaMoon (KANG): A New CEX Listing Causes an Upswing

Meanwhile, KangaMoon (KANG) has also made headlines. The major Tier-1 CEX BitMart announced that it will list this altcoin soon. If we look at the historical data of cryptos that get listed on such exchanges, a price surge is expected. As its adoption increases, traders are becoming more interested in KANG – the innovative altcoin.

Essentially, KangaMoon could become a dominant force in the P2E gaming market by launching its own P2E game. In this game, users will be able to buy in-game items or character upgrades through KANG – the main in-game currency. Additionally, KANG holders will get access to challenges for extra rewards. This utility has made nearly 10K people become KANG holders.

But, the main attraction is definitely KangaMoon’s SocialFi aspect. For example, KangaMoon is now giving its most active community members free KANG before its official launch. As a result, over 20K registered users are now rushing to increase their activity on KangaMoon’s social media sites like X and Telegram.

Early buyers of this altcoin have already obtained 400% ROI. Currently, one KANG costs just $0.025 as it is in the Bonus Stage of its presale. As KangaMoon also has ties to the P2E gaming market which is projected to reach $8856M by 2028, it’s long-term growth is stellar. Thus, experts predict a rise to $0.5 in Q2 of 2024 after other Tier-1 CEXs begin listing KANG.

Fantom (FTM): Michael Kong Reveals Sonic Launch

Fantom (FTM) has also emerged as one of the altcoins to watch. Recently, its founder Michael Kong revealed what to expect from Sonic’s launch and beyond. In a new X post, Kong stated that Sonic will be used to make a new decentralized sequencer for L1 and L2 chains. It will also serve as the foundation on which Fantom will be relaunched as a community-centric brand.

In terms of the Fantom coin value, it has soared over 100% in the past year alone. Plus, over 26 Fantom technical indicators are in the buy zone. Due to all this bullish Fantom news, experts remain confident in its growth. They forecast a potential surge to $0.97 for Fantom within Q2 of 2024.

Immutable vs. KangaMoon vs. Fantom – Which One Will Surge First?

All these altcoins; Immutable, KangaMoon and Fantom exhibit potential to be strong coins in the future. However, KangaMoon stands out as it has a low market cap of $25M. To clarify, KANG needs less new money for its price to skyrocket. If you wish to buy one of the top altcoins, sign up for its presale using the links below.

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

Website: https://Kangamoon.com/

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

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Read More: What Is the Reason Behind Immutable, KangaMoon and Fantom’s Significant Uptrend?

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.