A look at the trends in the crypto market shows bullish momentum for Bitcoin (BTC), which is setting its sights on a new milestone. Similarly, VeChain (VET) has continued its outstanding rally. Meanwhile, KangaMoon (KANG) is thriving at presale, having already generated significant ROI for early investors. With the token already making waves in the market, some analysts think KANG is one of the best new meme coins to watch out for now. Find out more below.
KangaMoon (KANG) Sells Out its Stage 2 of Presale Amid Surging Influx of Investors
A record number of investors are buying into the KangaMoon (KANG) project, resulting in a massive sellout of tokens for stage 2 of the presale. The surging market activity could be connected to the 125% rise in the KANG token’s price value after stage 1 of the presale, which resulted in a 125% ROI for early investors.
So far, over $613,619.811 has been raised in the ongoing stage 3 of the KangaMoon presale. Investors have recognized the massive potential of KANG, which harbors strong utility as a top meme coin. As such, analysts have forecasted a 35x rally in the year.
The KANG token is sold for just $0.01125, with an additional 10% bonus given to users who purchase the token now. While still in presale, $KANG is already preparing to list on the Uniswap exchange. At the current trajectory, only a few crypto projects like Bitcoin and VeChain can rival KANG’s bullish momentum.
Meanwhile, KangaMoon as a platform is a play-to-earn (P2E) ecosystem where meme enthusiasts can play games on-chain and earn rewards. On KangaMoon, members can get rewarded when they perform several activities such as P2E competition, trading NFTs, engaging in DeFi activities, and more. Beyond that, KangaMoon is a platform where meme enthusiasts can interact through the SocialFi structure.
Bitcoin (BTC) Maintains Bullish Sentiment, Trading Volume Surges Beyond the $1T Valuation
Bitcoin (BTC) has established itself as a top crypto coin, given that the token is the only project with a market cap above the $1T mark. Also, the Bitcoin price value is on a consistent uptrend, having gained over 160% in a year-to-date price metric.
In the short term, Bitcoin has recorded over 44% growth over the past month. With the upcoming halving event in April, Bitcoin’s price may well surpass its all-time record. Some analysts believe that the BTC price will hit $100,000 in the year.
VeChain (VET) Records Massive February Bullish Trend, Likely to Replicate Trend in March
VeChain (VET) has been one of the top-performing tokens over the last month. As shown in the market stats, the VeChain price recorded over 70% growth in the past month and 10% in the past week. The token’s past 30-day rally played a significant part in its 72% year-to-date price growth.
However, the Vechain trading volume has declined by 50% day to day average in the past week. Nonetheless, some crypto analysts still believe that the VeChain price will reach $0.10 in the year. They hinged that on the general crypto market bullish momentum and the speculated bull run coming soon.
