Investors and analysts are eyeing three tokens that hold promising prospects in Q4 2023. They include Litecoin (LTC), Chainlink (LINK), and Kangamoon (KANG). These tokens have garnered attention due to their features and unique offers.
Can Litecoin (LTC) Bulls Sustain Recovery?
Since breaking above the crucial $60 support, the Litecoin price has been on a recovery trend. In addition, the demand for the LTC coin also appears bullish, as per IntoTheBlock’s data while long-term holders of Litecoin are optimistic about its future trajectory.
The number of addresses holding Litecoin for over one year has recently reached an all-time high of 5.02 million addresses. At the time of writing, Litecoin is trading at $61.11 after recording a daily increase on September 13.
However, Litecoin’s RSI value is at 26.08, which indicates that the LTC market is in an oversold position. The RSI indicator suggests that the price of Litecoin will decrease. Nevertheless, Coincodex has forecasted a price surge to $65.99 in the coming weeks.
Can Chainlink (LINK) Soar on Increased Development Activity?
Santiment, the on-chain analytics provider, reports that Chainlink’s development activity has consistently impressed over the past three years. Consequently, Chainlink has ascended to the position of the fourth most valuable project in terms of development activity.
This noteworthy rise in position may be attributed to recent upgrades and integrations. In light of these developments, it is worth noting that Chainlink experienced a price dip below $5.80 on September 11th.
Fortunately, bulls were active and pushed the price above the $6.00 region. Currently, the price of Chainlink coin is $5.97 as of September 13. Nonetheless, analysts are bullish on Chainlink and forecast a price jump to $7.00 as more users join the Chainlink network.
Kangamoon (KANG) To Capitalize on the Potential of P2E NFT Games
While the bearish sentiment looms over Chainlink and Litecoin, Kangamoon is stepping into the spotlight. The project is providing a platform where crypto and gaming enthusiasts can engage in gameplay and earn rewards. Kangamoon’s aim is to strategically enter the booming gaming sector.
Business Research Insights projects a 21.3% growth in the global Play-to-Earn NFT Games Market, expected to reach $8856.95 Million by 2028. This surge in the gaming market has sparked optimism among analysts, who believe Kangamoon has the potential to compete with top projects. The project is generating excitement with its virtual-based boxing gameplay.
In this immersive experience, players assume the role of a Kangamoon, an animated kangaroo character, engaging in play-to-earn tournaments that allow them to accumulate rewards through winning digital battles. Interestingly, participants can enhance and level up their avatars.
The Kangamoon team prioritizes security, having undergone rigorous audits by Cyberscope and SOLIDProof, both attesting to the platform’s 100% safety. KANG is trading at $0.005 in the first stage of its presale.
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