NEAR Protocol (NEAR) price jumped more than 7% to be among top gainers as Bitcoin (BTC) looked to hold above $63k.
KangaMoon (KANG) presale reached over $4.9 million amid increased attention in the final stage.
The project combines meme culture with GameFi and SocialFi and could be a dominant player in the space.

NEAR Protocol (NEAR) is among top gainers in the market today as the market buzz around Bitcoin’s upcoming halving intensifies. But what’s the price outlook for NEAR as BTC holds near key level and what does it mean for new token KangaMoon (KANG).

KangaMoon records increased interest from investors

KangaMoon seeks to stand out among new crypto projects by combining play-to-earn gaming and socialFi.

This project is community-driven, an approach that also taps into a meme-inspired environment where one can play, interact and earn the native KANG token among other exclusive rewards. 

KangaMoon also provides for an opportunity for token holders to access rare NFTs, opening up further opportunities for gamers. These will come via the “Kangaverse” ecosystem, where holding KANG offers exclusive games and rewards.

Ahead of the project’s official launch, KANG tokens are available in presale.

NEAR price prediction amid AI token’s surge

NEAR Protocol price surged by more than 7% on Wednesday as NEAR token defied overall negative sentiment across altcoins.

The gains have pushed NEAR above the key price level of $5.00, which could act as a major support level after the bounce from weekly lows of $4.58.

NEAR Protocol’s price surge in the past 24 hours comes amid fresh sentiment around the project as decentralized AI and Web3 take center stage at is TOKEN2049 Dubai. There’s also a lot of positives related to NEAR’s collaboration with Sweat Economy to drive the next chapter of Web3 adoption.

With increased traction coming into view as AI and Web3 align, its likely NEAR Protocol could see a strong performance in the market in coming months. This outlook suggests a return to highs of $8.80 reached in March 2024 could bring the psychological $10 into play in the short term.

On the downside, a break below $5.00 could offer a re-entry level around $4.25. December 2023 lows of $3 could be a buffer if there’s a bearish flip.

KangaMoon price prediction

Per the KangaMoon whitepaper, the total supply of KANG is 1 billion tokens, 600 million of which is set for presale buyers. This means the token’s price could quickly surge amid market demand, rising from a potentially low market cap to become one of the top meme-linked crypto projects.

Currently, KangaMoon is in stage 5 of its presale. KANG is priced at $0.0196 and still offers a 10% bonus that one can scoop on all their purchases.

The opportunity to earn more KANG during the presale and the potential dominance in the future has seen early birds allocate more than $4.9 million to KangaMoon. 

Once the presale ends, the official launch will see KangaMoon begin trading on exchanges.Only 65% of the final stage allocation remains.

While time is running out, there’s still an opportunity for an early bet. This is because the new meme-inspired project has the potential to dominate the GameFi and SocialFi markets.

What can impact KangaMoon (KANG) price post presale?

The market debut price and prevailing conditions, including the macro environment, could dictate market performance.

However, given KangaMoon’s presale performance so far, it’s likely a positive flip for top coins like Bitcoin, Ethereum and NEAR Protocol could buoy the rest of the market.

In this case, KangaMoon (KANG) could be one of the top new tokens to watch in the coming months.

To learn more or buy KANG, visit the official KangaMoon website.

The post NEAR Protocol gains as KangaMoon approaches presale close appeared first on CoinJournal.

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Filed under: Bitcoin - @ April 17, 2024 12:16 pm