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The broader cryptocurrency market is plummeting, with the total market capitalization dropping by 2.82% to $2.23 Trillion, on April 29th, 2024. The recent fall marks a bearish sentiment, signaling downturns for various altcoins, with sellers taking over the market.
Amid this crash, a handful of cryptocurrencies have remained resilient on charts, recording marginal gains in the current dip. In this article, we explore the best cryptocurrency gainers of the week.
KangaMoon (KANG) Could Become The Next Shiba Inu Rival
KangaMoon presale has witnessed robust performance and drawn significant attention in the meme coin market. With over $6.2 Million in revenue funding raised and an already 290% ROI recorded, Shiba Inu holders are shifting their focus to this meme project, looking for opportunities to make the most out of this presale.
As a meme platform, KangaMoon (KANG) stands out with its unique community-driven approach. Users will meet other meme coin enthusiasts and interact in fun-filled games and challenges. As a result, users will stand a chance to win rewards and prizes in the form of KANG tokens and rare NFTs.
Unlike Shiba Inu, which relies mainly on hype, KangaMoon is set to offer actual utility. With the KANG token, users will be able to access exclusive games, create and upgrade their Kangaverse characters, and buy in-game items in the marketplace. Additionally, KANG holders will have accumulated free KANG when they join to promote KangaMoon on social media.
Remarkably, KangaMoon has managed to amass over 6000 holders and over 20000 registered members. With a potential Tier-1 CEX listing, experts hint at the KANG price climbing to $0.5 in Q2. Moreover, strategically set to enter the P2E gaming industry, which is projected to reach $885 Million by 2028, KangaMoon could open up this market to its investors. Invitingly priced at $0.0196 at presale Stage 5, the KANG token is set to rival well-established meme coins like Shiba Inu and Dogecoin.
Can Wormhole Price Sustain its Upward Trajectory Cross-chain Meme Coins?
Another meme coin that has remained resilient on the market is Wormhole (W). Its recent price movement has garnered attention in the broader crypto market, prevailing an overly cautious positive sentiment.
According to CoinMarketCap data, Wormhole’s price is currently $0.59, and its market capitalization is $1.066 Billion. Notably, Wormhole’s price faces resistance around $0.60. As such, it signals an area of heightened selling pressures, which could potentially cause a temporary Wormhole price drop.
Should the price of Wormhole face a reversal, it would drop back to a critical support area around the $0.50 mark. As the price of Wormhole continues to gain more traction, it could drive more interest among crypto enthusiasts. Wormhole’s future prospects rely on its ability to maintain its key support and resistance levels.
Tron’s CEO Accused of Fraud and Market Manipulation—Could it Trigger TRX Price Drop?
The price of Tron has been experiencing substantial gains, recording a 4.92% increase in its value in the past week. Similarly, Tron coin market capitalization and 24-hour trading volumes had robust performance, increasing by 0.22% and 32.07% respectively, according to CoinMarketCap data.
The recent Tron surge is attributed to the introduction of TRON Stake 2.0, which will provide streamlined infrastructure and enhanced resource management for power projects in the ecosystem. Amid the bullish Tron news, Justin Sun, the CEO of Tron network, is navigating legal issues with the US SEC.
Justin is accused of fraud and selling unregistered securities, including Tronix (TRX) and BitTorrent (BTT). Many experts believe the outcome of such legal battles could either topple the price of Tron back to its bearish ways or remain resilient on market charts. With this view, market watchers are closely monitoring the developments as they unfold to determine if Tron coin is a worthy buy now.
Helium Price Metrics Forms Bullish Patterns—Could its Value Reach $7?
Amid the broader selling pressure on the market, low-market-cap altcoins are recording massive gains in their respective portfolios. Remarkably, the price of Helium has recently shown a bullish reversal, increasing a staggering 30% in the last seven days after succumbing to a price correction due to broader bearish sentiments.
With successful price action for more than two weeks, the price of Helium has formed a rising channel pattern and has been trading around the area. Looking at the technical analysis for the Helium coin, it displays a neutral sentiment as it is trading close to its support/resistance level of around $5.855.
Should the current market stats remain the same, and the price of Helium moves above its support level of $5.855, the bulls will thus regain momentum. In turn, the price of Helium would retest its resistance level of $6.525. Additionally, if the bulls hold the price of Helium at this particular point, it would trigger an additional test in its upper high of $7.145 in the coming months.
Cronos Price Surges 2.82% Amid Eminem Endorsement
American rapper Marshall Mathers, popularly known as Eminem, collaborated with Crypto.com on a new ad campaign. While the initial heightened spark surrounding the campaign has somewhat settled, the ad campaign has successfully ignited conversations and skits, propelling Crypto.com’s brand engagement.
According to CoinMarketCap data, the high-profile endorsement has triggered a 2.82% inflow in the intra-day price of Cronos, which now trades at $0.1322. Additionally, Cronos coin has witnessed a staggering 130% increase in its trading volume and a 2.80% bounce in its market capitalization, reflecting overall investor confidence.
In any case, the ongoing conversations surrounding celebrity endorsement reflect the precarious nature of cryptos and their market impact. With increased market activity on the Cronos network, many experts hint at substantial gains in its value in the coming months, suggesting that Cronos’ price could reach the $1 mark by the end of 2024.
Conclusion
Amid the current market dip, the above cryptos have remained resilient on charts, recording substantial gains in the past few days. While all of them have positive prospects, KangaMoon outshines them with its high potential growth, unique innovation features, and low market capitalization—which requires fewer funds to trigger astronomical growth. Remember this isn’t investment advice, discerning investors need to conduct research before investing.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://kangamoon.com/
Join the KangaMoon Community: https://t.me/kangamoonofficial
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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