It has been an eventful Q1 for some top DeFi projects in the crypto market. As the world prepares to enter into the next quarter, experts take a look at the market performance of Bitcoin (BTC), Chainlink (LINK), and KangaMoon (KANG). Furthermore, analysis of the future price trajectories was covered. More details below.
Bitcoin (BTC) Establishes Support Above $70,000, Likely to Finish Q2 Beyond the $100,000 Price Value
The first quarter of 2024 has seen Bitcoin (BTC) reach record-breaking price levels. As shown in the market stats, Bitcoin started 2024 at a value of around $42,000. Now at the tail end of Q1, Bitcoin is establishing support above the $70,000 mark, which represents over 65% growth for the top crypto token in the first quarter of the year.
With the positive uptrend of Bitcoin’s trading volume, it is looking likely that the token will gain more ground in the second quarter. This could propel Bitcoin’s price to 100,000 before the end of Q2.
Chainlink (LINK) Witnesses Marginal Growth in Q1
Amid the fluctuating price levels of Chainlink (LINK) in the past month, the market has been favorable for the token over the first quarter of 2024. As per the market charts, Chainlink has gained about 29% in Q1, having started the year at the value of $15 and now within touching distance of the $20 threshold.
Given Chainlink’s unstable price turns in the past few weeks, it is difficult to see that the token is garnering significant momentum at the moment. Even the fluctuating Chainlink’s trading volume underscores the uncertainty surrounding the top crypto token. While Chainlink may reach the $20 mark, its uptrend is likely to be stunted for the foreseeable weeks.
KangaMoon (KANG) Covers More Ground as Presale Picks Momentum
KangaMoon (KANG) is overseeing a growing number of investors who are joining the meme project. As a result, KangaMoon has raised over $3.2M so far in its presale. With more presale phases to go before launch, KangaMoon will likely raise over $9M before the end of its presale.
Meanwhile, KangaMoon has generated over 180% since the start of its presale, ensuring that early investors record significant ROIs in the process. At the current trajectory, analysts believe that KangaMoon is likely to grow by over 800% before the end of the presale. In view of this, it’ll be wise to invest in the KANG presale to position for the potential price gains.
At the price of only $0.014, the KANG token represents a massive crypto investment alternative that’s both cheap and harbors sky-high growth potential. Also, presale investors can benefit from the 10% presale bonus offer for new traders.
Meanwhile, KangaMoon as a platform is an innovative play-to-earn ecosystem that rewards players for participating in the games on the Kangaverse. Similarly, KangaMoon also serves as a platform where meme enthusiasts can meet and interact with each other. On the KangaMoon ecosystem, members are ushered into the world of seamless on-chain P2E gaming experience.
