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Analyst: Cardano (ADA) Outlook Bullish, KangaMoon (KANG) Offers Investment Opportunity
Cardano (ADA) has seen a 4% decrease in the past 24 hours and a 20% decrease over the last month. However, an analyst has shared a positive outlook for the coin, citing its current consolidation. At the same time, investors are also turning their attention towards KangaMoon, a new project that combines SocialFi and Play-to-Earn (P2E) features.
What’s the Potential for Cardano? Analyst Predicts a Buy Scenario
Cardano’s price has dropped by 22% in the past month, currently sitting at around $0.58. The cryptocurrency has been struggling since March, when it reached a crucial support level at $0.8. Recently, the Digital Large Cap Fund by Grayscale removed ADA from its portfolio, pushing it out of the top 10 cryptocurrencies by market capitalization. However, it has still risen by 50% in the past 12 months, and crypto analyst Ali has shared a bullish scenario for the coin, predicting a potential breakout to $1.70 and even $5.
KangaMoon Attracts Investors in Final Presale Stage
In the current market climate, investors are on the lookout for promising opportunities, and one project that is gaining attention is KangaMoon. This new project combines SocialFi, play-to-earn, and meme tokens, creating a platform where token holders can interact, compete, and earn rewards. KangaMoon has now reached its final stage of presale, with its Native token KANG being an Ethereum ERC-20 with a total supply of 1 billion coins. The project has already surpassed $4.5 million in presale funding and is expected to see even more excitement when it launches its first commercial Bitcoin ETFs.
Is KangaMoon a Good Investment Opportunity?
With no buy or sell tax on KANG tokens and exclusive early bird bonuses, KangaMoon has already seen significant demand in its presale, reaching a total of $5 million. The current presale price of $0.0196 could be a great bargain for investors. To learn more about KangaMoon’s potential, visit the project’s presale page.