According to Santiment, whale activity has increased over the past six months, with Dogecoin outplaying XRP, ADA, and other major altcoins in the crypto market. Amid all this, rumors have been cleared regarding Elon Musk testing Ripple (XRP) payments.
Meanwhile, KangaMoon (KANG), the new upcoming altcoin, has been outperforming the expectations of many, having surpassed its milestone of $6M in presale. Owing to this, analysts believe that KangaMoon is the best crypto to buy now. However, if it continues its trajectory promises its holders a 700% surge in value before launch.
Analysts Predict a Massive Dogecoin (DOGE) Rally
The Santiment report has showcased that in terms of percentage growth, Toncoin is leading the list with a significant 110% surge, which represents a total of 16,800 nonzero wallets within the past six months. Dogecoin is next with a 27% growth, which represents a 6.6 million wallet milestone. Ripple (XRP) and Cardano (ADA) are at the bottom of the list, with Ripple’s nonempty wallets having increased by 7%.
Owing to this, analyst, Ali Martinez, highlights that the price of Dogecoin is set to undergo a major bull run. According to his price prediction for DOGE coin, here referred to 2017, when Dogecoin managed to break out of its descending triangle pattern. During that period, the price of Dogecoin dipped by 40% before undergoing a massive 982% surge, with the same scenario playing out in 2021. Currently, Dogecoin seems to have broken out with a similar pattern which means it will soon ignite a bull run.
Elon Musk Not Testing Ripple (XRP) Payments
Vet, who is a validator in the XRP Ledger (XRPL) has cleared the rumors that Elon Musk’s social media network X (formerly known as Twitter) has been testing Ripple coin payments. This rumor was based on the fact that a recent transaction that bears the Musk label was spotted on the Ripple network. This comes at a time when the Ripple coin is experiencing a decrease in value, having reached an 11-month low. This sudden dip in the price of the Ripple coin has caused a lot of worries regarding the psychological support of the $0.8 level and the 11-month low.
Moreover, it seems that Ripple coin whales were aware of the problems and have taken action to prevent it. This includes the addition of over 70M XRP coins worth $35 million, to wallet addresses that were holding between 1M and 10M XRP coins, a record-breaking purchase to be witnessed in the past three months. This indicates that the possibility of the price of Ripple dropping below $0.50 is low, which also indicates a higher chance of a Ripple price bounce back, backed by recent price predictions for XRP.
KangaMoon (KANG) Set Generate 700% Before It Launch
KangaMoon (KANG) has been garnering outstanding interest from both crypto traders and meme enthusiasts alike. This is evident with the high number of users joining the platforms, with the number surpassing the 20,000 mark. KangaMoon being a hybrid of P2E and a unique protocol for social interaction, its blueprint has proven to be quite unique, providing better revenue for gamers while ensuring its members get to enjoy the entertainment.
Meanwhile, the KANG token has also showcased a great market performance having amassed over 290% price surge since the beginning of its presale stages. The KANG token is currently going for $0.0196 from its initial price of just $0.005. Moreover, crypto analysts are confident that the KangaMoon presale will most likely generate an additional 700% in its value before its official launch.
While there is no specific date for the KangaMoon launch, it’s quite obvious that it will go live in Q2 as the team has already started making plans for it. Moreover, to ensure that users get the best out of the KangaMoon platform, it has already partnered with RaidSharksBot. This partnership will help in boosting the platform’s engagement while offering a chance for the users to win a monthly price of $1,000.
As KangaMoon prepares to join the list of the best cryptos to invest in, buying the token now will be the best crypto investment move you’ll ever make as it will position you in a better place to enjoy up to 700% growth rate.
Conclusion
Generally, if you’re wondering what crypto should I invest in?, KangaMoon is the right crypto for beginners and professional traders alike. This crypto also holds the potential to become a blue-chip crypto in the future.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
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