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While some DeFi coins are already moving towards the bullish pattern, XRP and Ethena are fighting for their souls. However, analysts believe the dip for these two tokens is temporary and they can ignite bullish trends in the coming weeks. Meanwhile, investors who missed the KangaMoon presale have started showing interest after the platform announced the listing of the token on exchanges. Let’s dig in further.
More Investors Show Interest In KangaMoon After Exchange Announcement
With XRP and Ethena dumping, KangaMoon is receiving a huge inflow of investors who missed its presale. In the just concluded presale, KangaMoon rose from the starting price of $0.005 to $0.025 – a huge 400% ROI for investors that participated in the presale. Seeing the profit earned by early adopters, more investors are coming to purchase the token ahead of its launch on exchanges.
KangaMoon brilliantly combines GameFi and SocialFi functionalities, enabling users to earn from both genres. The platform has plethoras of gaming activities lined up to reward users. A huge 25% of the total supply of tokens was allocated for this objective in the presale. Additionally, KangaMoon has a viable staking option with investors able to win over 90% profit in APY rewards.
While the platform gained a reputation for its exploit in the presale, its potential suggests that the presale profit is just the tip of the iceberg. The platform aims to continue developing the ecosystem to boost its profile as one of the top DeFi cryptocurrencies. In the second stage of the KangaMoon road map, the platform token will be listed on exchanges.
Already, every documentation concerning the listing such as token distribution and wallet confirmation has been finalized. With BitMart confirming the potential listing of KangaMoon, new investors are set for profound profit, making it the top DeFi token to buy now.
Can XRP Price Reach $1 After The Dip
Despite some token bouncing back from the bearish trends, XRP is going deep into the downtrend. XRP token has dropped by 10% and 2% on the monthly and weekly chart showcasing the complete dominance of the bears. Even the XRP price attempt at retesting the $0.5 price value was rejected with the dip.
While XRP banks on its robust ecosystem, its recent price action remains a concern. However, the XRP market cap is showing signs of progress which may be the catalyst for price stability soon. With the ongoing case with the US SEC projected to end soon, there are speculations that the XRP price will hit $1 before the end of 2024.
Ethena Price Dump, But Could Trade at $1 Soon
Ethena was one of the best DeFi cryptos when it launched its massive airdrop campaign. While the token immediately proved doubters wrong with a pump to $1.52 ATH, the bear pressure has finally caught up with the Ethena token. On the YTD price metrics, Ethena’s price has dipped by 22%.
This is similar to the Ethena monthly record which shows an even bigger dump of 40%. Zooming in, the Ethena technical analysis shows that the market sentiment is bearish with the DeFi coin trading below the 50-day and 200-day EMA. With this bearish outlook, analysts believe the dip is the best time to buy. As such, they project the Ethena token to surge to $1 in July.
Which Token Has The Best Chance of Giving Good Profits?
While XRP, and Ethena both have a growth potential, they may not be the best investment option for those who want to reap profit quickly. As a meme coin, KangaMoon features those functionalities as evident from its 400% rise in presale. With the token set to be available at exchanges, investors can profit more from the surge.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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