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Experts doubt ADA as KangaMoon stands out


Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.

While Cardano (ADA) faces skepticism over its previously optimistic forecasts, KangaMoon (KANG) is emerging as a serious contender in the memecoin space, attracting significant attention during its pre-sale event.

Cardano (ADA), favored for its scientific approach to development, is now seeing its once optimistic price predictions called into question. Amid this uncertainty, a new competitor, KangaMoon (KANG), is expected to dominate the memecoin space after the ongoing pre-sale event.

Cardano’s step towards complete decentralization

Founded in 2017 by Charles Hoskinson, one of the co-founders of Ethereum, Cardano is designed as a next-generation blockchain platform. Cardano is best known for using scientific philosophy and peer-reviewed academic research to develop its technology.

This approach caused Cardano to rise more than 100 times to $3.10 during the 2021 bull run. However, the ensuing bear market caused Cardano price to fall back to $0.18 late 2023, investors having sold the gains.

The roller coaster doesn’t stop there. Cardano is now back above $0.78 after a nearly 100% gain since late January 2024. But with the market bullish again, what price can Cardano reach as it approaches Q2 2024?

Expectations of Cardano in 2024

Fundamentally speaking, Cardano could have a successful year. The project’s major upgrade, “Voltaire”, is coming any month. Voltaire will introduce governance voting for ADA holders, allowing them to vote on proposals and protocols for improving the platform.

Cardano becoming a fully decentralized platform could give it a competitive advantage over other cryptocurrencies that still rely on centralized decision-making. This can only help when it comes to attracting institutional investors and adoption.

However, the cryptocurrency market is thriving on attention and Cardano is starting to fade into the background of the conversation. While Solana, Ethereum, and Avalanche have DEX trading volumes of around $2-3 billion per week, Cardano’s DEX volume was only $74.9 million last week.

Bullish analysts say the 2024 rally will be a supercycle, with institutional adoption and increased mainstream acceptance driving prices higher than ever. Cardano could reach $10 or more by the end of 2024 if this prediction holds true.

On the other hand, some skeptics believe that only top altcoins will surpass their previous all-time highs during the next bull cycle. Cardano needs a massive market cap of $90 billion to surpass its all-time high, which will require more than an idea and a strong team.

Gaming meets meme culture in Kangamoon

KangaMoon is an upcoming P2E game that combines meme culture with gaming and financial opportunities. Players become kangaroo characters who can earn KANG tokens and rare NFTs while playing games, completing challenges, and participating in community events.

KangaMoon’s ambition extends beyond just gaming. It aims to build a robust community and a self-sufficient economy. Community events, such as tournaments and collaborative challenges, play an important role in promoting a sense of belonging in the Kangaverse.

The KangaMoon Marketplace allows players to upgrade their Kangaroo character or cash out cash or cryptocurrency. The KANG token is the main currency of the game and it can also be staked for a share of ecosystem revenue.

KANG tokens can be purchased during the fourth presale phase for $0.014. While this current price represents a 180% gain since the presale began last week, KANG’s value is expected to continue to increase with each subsequent phase leading up to the game’s launch. There is also a 10% bonus for those who participate in the third phase.

With a unique concept, strong community focus, and potential to go viral in the memecoin space, KangaMoon is a project to watch. Experts are already predicting that KANG could be one of the best performing memecoins this cycle. To learn more, visit the Kangamoon website or join their Telegram community.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.

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