Altcoins
Altcoins Poised for 3x Jump if Bulls Keep Running
The current uptrend has seen the price of Bitcoin reach over $70,000 for the first time since the Bitcoin halving. As analysts predict the rally to continue, Gala (GALA), Kaspa (KAS), and KangaMoon (KANG) are expected to come back 3 times in the coming weeks. While the price of Gala fell last week, that of Kaspa and KangaMoon is increasing. With the KANG token listing coming in the coming days, the token could yield over 10x earnings in the short term. Let’s take a look at why these altcoins are poised for growth.
KangaMoon Set to Skyrocket 600x as Bitmart Listing Approaches
With the launch of KangaMoon very close, the native token, KANG is one of the top altcoins projected for massive rallies in the coming weeks. Whales are already accumulating tokens in anticipation of a rally. Those who saw the potential of KANG early and purchased the token saw a 400% return. With its listing on BitMart coming, a rally is in sight.
Although Gala and Kaspa are expected to see massive rallies, both are unlikely to match KangaMoon’s return in the coming weeks. The KangaMoon ecosystem is already growing with over 32,000 members and 10,000 token holders. As more CEX exchanges list the token, popularity will increase. Thus, the price of KANG increases and makes it one of the best altcoins in the market.
Having been listed in CoinMarketCap and CoinGecko, KANG could emerge as one of the top 10 altcoins of June. Some analysts predict a 100-fold increase in the coming months. As such, KANG price could reach $1 sooner than expected. Currently, the KANG token is being sold for just $0.025. Recently, KangaMoon partnered with Telegram bot, RaidSharksbot, to boost engagement.
Those who join the exciting raid have a chance to win a monthly reward of $1,000. Additionally, the team unveiled the Kangameme context which also rewards users with $50 per week. With 25% of the total supply reserved for in-game rewards, more incentives are on the way. In terms of security, the smart contract has been audited. With the current trajectory, KANG could make 20x during the next bull run.
The market capitalization of the Gala is expected to reach $2 billion
Gala appears to be recovering from the latest hacking incident. After a hack devastated the ecosystem, the team recovered over $20 million in Ethereum. To deal with the incident, the organization proposed burning 4.4 billion Gala tokens, a move that could stabilize the price. The Gala Prize reacted positively to the news.
According to CoinMarketCap data, the token has gained slightly in recent days. Additionally, Gala’s market capitalization is now close to reaching $2 billion. Meanwhile, Gala is trading above the 50-day and 200-day SMAs. Although Gala market sentiment is neutral, analysts predict a rebound and possibly a rally soon. As such, many Gala price predictions tip the price to retest $0.08 in June and $0.1 in Q3, making it one of the best altcoins to watch in Q3.
Kaspa Price Prediction: Will It Hit $0.5 Before Q2?
Kaspa (KAS) is one of the altcoins that saw a remarkable rally over the year, with the price reaching the ATH of $0.18 on February 20. Since then, the price of Kaspa has fallen. However, the Kaspa token has sparked a new wave of rally over the past few weeks. Data from CoinMarketCap shows that the coin has gained 15% over the past week as the bulls return.
Kaspa’s key market indicators have also been green for days as analysts anticipate a rally. With these positive signs, Kaspa’s market capitalization is expected to reach $4 billion as soon as trading volume increases. Kaspa market sentiment is bullish and if the bulls continue to hold the current support level of $0.13, experts believe that Kaspa price will reach $0.5 in the third quarter.
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