Amid the ongoing crypto market crash, traders are now searching for hidden gems that will guarantee long-term profits. Polkadot (DOT) and Theta Network (THETA) were among the top cryptos to buy some months back before the latest crypto market price retracement. Meanwhile, the KangaMoon (KANG) project continues to be the talk of the market with early investors counting huge returns. Some crypto analysts already pick KANG among the best cryptocurrencies to buy now
KangaMoon (KANG) Eyes $3M
With Polkadot (DOT) and Theta Network (THETA) battling the bear trend, traders are now moving over to the KangaMoon presale. The shift in attention can be associated with the success of the presale, which has led to the team raising over $2.3M while eyeing $3M before month’s end.
The KangaMoon platform is currently in stage 4 of the presale with the token sold for just $0.014. Early buyers have gotten a 180% ROI, and new buyers will get a 10% bonus if they buy now. The team is gearing towards listing the token in a major tier 1 CEX exchange in the coming weeks. This has triggered some analysts to project over 50x ROI in the coming months.
With the present performance of the project in presale, some crypto experts believe that the KANG tokens returns will surpass that of solana based meme coins like Floki, Bonk and Dogwifhat soon. As such, now is the best time to join this amazing project. The KangaMoon project will integrate a social-fit model and P2E NFT gaming together to create a community of meme enthusiasts.
The project also boasts a unique referral program where users can earn when they invite friends to buy the token. Also, token holders will be rewarded when they promote the project on social media. The games market is valued above $176B, and KangaMoon is the gateway to benefit from this billion-dollar industry. As such, analysts rate KANG as one of the best cryptocurrencies to buy now.
Polkadot (DOT) Heading to the Downtrend
Polkadot (DOT) movement in the medium and long term has been bullish. This can be seen in the token’s year-to-date 41% price increase. In the short term, the token has also gained 18% in the past month based on market stats. While the monthly chart is impressive, the weekly chart shows a token fighting the bear trend. For context, Polkadot’s price has declined by 14% in the past week.
The Polkadot key market indicators such as trading volume and market cap are not doing great. This could be attributed to the fears of bears taking over the market which has led to a massive sell-off. Having already fallen below the $10 support level, the chances of a resurgence are slim. As such, the next few days will be crucial for Polkadot.
Theta Network (THETA) Price Slumps by 21% in the Past Week as Investors Consider KangaMoon
The Theta Network’s (THETA) uninspiring performance has continued in recent days. Despite the 124% gain it made in the past 30 days, it has succumbed to bear pressure. The Theta Network price has fallen by 21% in the past week as the bears continue their dominance in the market. The drop has already got holders worried who are now searching for alternatives.
Zooming in, all the Theta Network key market indicators are showing bearish signals. The Theta Network trading volume and market cap are down. More worrisome is the fact that the token has fallen below the $3 support zone which was very crucial. Some experts think that the token will need massive buyer activity to recover from the bear market.
