The post Whales Accumulating Ripple, Shiba Inu, and KangaMoon for Massive Gains appeared first on Coinpedia Fintech News

Whale accumulation has increased in 2024 as many look forward to a potential crypto market bull run. The three best altcoins whales have been going for include Ripple, KangaMoon, and Shiba Inu. Analysts have predicted bullish price movements for these coins this year.

Ripple (XRP) Retests 10-Year Trendline

Ripple (XRP) has retested a multi-year ascending trendline that has persisted for nearly ten years. Historically, the Ripple price always skyrockets after it retests this trendline. 

The asset witnessed its first retest in July 2014, when its market cap fell to $21.95 million. Following this, Ripple’s price experienced a significant increase of 38.4x, reaching $865.645 million.

In March 2017, Ripple price encountered the second restest after a continuous price decline that similarly impacted its market cap. After this retest, it saw an astounding surge of about 650x, reaching a peak market cap of $128.398 billion in January 2018.

In 2024, bearish pressure has led to a third retest of this crucial trendline. Crypto analyst JD, in a recent tweet, noted that the DeFi token could be getting set for 39x and 650x spikes, citing previous situations. 

Shiba Inu (SHIB) Transaction Volume Pumps 514%

According to data from IntoTheBlock, Shiba Inu (SHIB) transaction volume has increased 514%. This data revealed a sudden influx of large transactions involving the meme coin on February 5th.

The volume of these transactions skyrocketed from 544.71 billion SHIB ($4.88 million) to 2.82 trillion SHIB ($25.05 million). In this analysis by IntoTheBlock, only transactions valued at over $100,000 are considered, which amounted to 33 transactions.

As significant participants return to the Shiba Inu network, the focus now shifts to the future price movement of Shiba Inu. According to CoinMarketCap, the Shiba Inu coin fluctuates between $0.000008823 and $0.00000931. 

Although the DeFi token has dropped 4.0% on the 7-day chart, it has increased 3.2% on the 14-day chart. Shiba Inu could see more gains in the future if market sentiment improves.

Whales Show Interest in New Meme Coin, KangaMoon (KANG)

KangaMoon (KANG) is a new meme coin poised to outshine top favourites like Dogecoin and Shiba Inu in the crypto space. It aims to set a new benchmark for meme coins with its utility, vibrant community and unique tokenomics. 

Unlike Dogecoin, KangaMoon has a capped token supply of one billion. This adds a level of scarcity that Dogecoin lacks due to its unlimited token supply. This purposeful constraint makes KangaMoon the best crypto to buy in the memecoin space. KangaMoon also provides an exciting platform on which players can participate in a variety of activities. 

They can enter entertaining competitions and win tangible awards and prizes. This is part of the platform’s attempt to combine Social-Fi with play-to-earn features. Each challenge provides an opportunity for players to earn and raise their token balance.

Meanwhile, security is also important on the platform. As a result, KangaMoon ensured that SOLIDProof audited its smart contracts to ensure the safety of users’ assets. With a token price of $0.005, analysts forecast a 220% surge in value by the end of the presale. This positions KangaMoon as the best crypto to buy.

Looking ahead, KangaMoon plans to launch an exciting play-to-earn game, further enriching its ecosystem. This initiative is part of a broader vision to create a community-centred meme coin project. Members will be able to contribute and share in the platform’s success.

In Summary

Ripple, KangaMoon, and Shiba Inu are the best altcoins topping whale investors’ lists. One token to keep an eye on among them is the presale token, KangaMoon, which promises to build the first community-driven memecoin ecosystem.

Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Telegram Community: https://t.me/Kangamoonofficial

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Filed under: Bitcoin - @ February 8, 2024 7:11 am