As the cryptocurrency market continues to spike in popularity, investors and enthusiasts are looking for the next ample opportunity through which they can diversify their holdings. Amidst so many options available, they have turned to analyst projections in order to determine just how far a crypto can climb. The three cryptos that have piqued the most interest include Ethereum (ETH), Bitcoin (BTC) and KangaMoon (KANG). To see which is a top crypto to buy, we will go over all three of them individually, and also analyze the analyst projections.
Ethereum (ETH) Dips in Value – Is Recovery Possible?
Ethereum (ETH) has recently undergone a prolonged price correction phase, where its value dipped 10% within the span of a single month. Moreover, within the past years, the Ethereum crypto increased 83%, indicating that it has not fallen too much.
Major crypto analyst Ali Martinez went over the Ethereum price and noted how the dip below $3,460 is a problem for the bulls, and given the lack of support, it increases the chances for a further decline toward $2,850 or lower. Yet, sentiment otherwise remains bullish, as according to the overall Ethereum price prediction, it can end 2024 at $4,853.
Bitcoin (BTC) Price Correction Prevented – Is $100K Still Possible?
Bitcoin (BTC) has seen formidable support and has prevented a major price decline. Despite entering the red zone, the Bitcoin price is still above the $66,000 range. According to the on-chart metrics, BTC is also up 136% in the past year.
Ali Martinez went over how the major support since February is the reasoning for the prevention of a major price drop for the Bitcoin crypto. For this reason, he will pay close attention to this level as it can hold, it guarantees a rebound. According to the Bitcoin price prediction, it can end 2024 at $98,190, and while it cannot pass $100,000 based on this projection, it is still a top crypto to invest in.
KangaMoon (KANG) to Spike 100x Following Launch As It Fuses Social-Fi With P2E
KangaMoon (KANG) is an upcoming project that is set to explode in value, fueled by its various ecosystem elements and community-driven approach alongside the integration of a variety of different earning elements. Unlike other projects that operate within the Web3 sector, KangaMoon will take things further through combining Social-Fi elements, Play-to-Earn (P2E) features, and a dedicated marketplace.
This means that any player is able to essentially connect on a global scale, create a KangaMooncharacter and then engage in battle. By doing so, they will be able to earn NFTs or KANG tokens as a reward. These can then be resold on the marketplace for additional capital gains.
Over 5,800 users now hold the KANG token, and there are 20,000 users registered. The crypto traded at $0.005 but has since grown to $0.0196 during the past trading sessions, marking a 290% increase. It's also raised over $4.4 million and can raise $5 million during the week. According to analyst projections, it can spike 100x in value. As a result, its seen as a top crypto to buy.
Conclusion
It's clear that, based on the analyst projections, Ethereum has dipped in value significantly. However, Bitcoin has seen major support and at this rate is bound to see significant price gains. Yet most of the attention has gone towards the KangaMoon token as it can spike 100x following its launch.
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