The cryptocurrency market remains true to its volatile nature, with various digital assets competing for higher prices and increased market capitalization. Throughout the past month, Injective (INJ) token has experienced a bearish trend, resulting in a decrease in trading volume, despite approaching its resistance level of $37.0. On the other hand, ORDI coin has exhibited signs of recovery, with a significant increase of over 10% in recent days, following a month of losses.
In the midst of these fluctuations, KangaMoon (KANG) token is poised to outperform many altcoins. Positioned as one of the best new meme coins to get in 2024.
Injective (INJ) Struggles to Break Out of $37.0 Resistance Threshold
Injective has lost over 11.81% value in the past month accompanied by a series of fluctuations and a month-long declining phase. The token is currently struggling to make it out of its bear phase but is still being eaten up by volatility.
In the past 7 days, Injective token has priced in a range of $32.71 to $37.11. While its current price is only 24.5% below its ATH, Injective is finding it difficult to break through its crucial price point of $37.0.
However, should Injective break through this price barrier, the token may potentially price higher and potentially surpass its all-time high of $45.01. Essentially, it’s important to keep a close watch as Injective price is poised to recover as soon as Bitcoin halves.
KangaMoon (KANG) Shows Potential of Topping Meme Coin Top Dawgs During This Year’s Q4
While the regard for the meme coin market is waning due to their lack of practical applications and heavy reliance on market speculation to drive up their value, KangaMoon changes the narrative totally as it signals itself as the best meme coins with variety features and incentives.
KangaMoon is a novel meme coin project merging SocialFi, GameFi, and blockchain technologies. The platform establishes a gaming-centric ecosystem where participants engage in various activities and contests to gain rewards and secure prizes. Unlike traditional projects awaiting exchange listings for token access, KangaMoon rewards active community involvement with $KANG tokens.
This innovative platform empowers users to craft personalized in-game avatars and digital assets. Furthermore, it will introduce a marketplace facilitating the trade of rare digital collectibles. Even passive spectators can earn rewards and profits by placing bets on game outcomes.
KangaMoon token functions as the native cryptocurrency within the KangaMoon ecosystem, operating as an ERC-20 token exempt from transaction taxes. The token’s presale is underway at a starting price of $0.005 in the first stage, with anticipation of a price increase as the presale closes in.
Impressively, over 50% of Kangamoon’s presale tokens from stage 1 have already been sold, hinting at considerable investor interest. Analysts predict a potential 220% surge for the KANG token value during the presale phase, with the project’s overall valuation projected to skyrocket by 35X in 2024.
ORDI Attempts to Recover From Monthly Losses Through Significant Weekly Gains
ORDI coin is currently struggling with a bearish trend that had been plaguing it for the past 4 weeks. However, ORDI is slowly trying to regain its ground as it has accumulated over 14.82% in the past 7 days.
ORDI price has been able to maintain a weekly range of $58.90 to $72.61. Having just experienced an all-time high of $89.94 a month ago, ORDI is well positioned to further top this figure and possibly hit a peak of $100 before Q1 ends.
Despite a 6.69% drop in the price of ORDI token when the monthly outlook is considered, ORDI is still anticipated by experts to gain a higher weekly price range in just a few weeks time. Ultimately the token ranks among top crypto coins you can invest in for the long term.
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