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The volatility of crypto investing requires investors to do due diligence in research before investing. With thousands of cryptocurrencies on the market, it can be difficult to keep track of every market trend.
5 cryptocurrencies that can be tracked by sponsored content sender
- KangaMoon (KANG)
- Bitcoin (BTC)
- Polygon (MATIC)
- Toncoin (TON)
- Phantom (FTM)
KangaMoon (KANG)
KangaMoon (KANG), whose future is uncertain according to the sponsored content poster, is an emerging meme project that offers a play-to-win environment where members can earn collectibles while participating in gaming adventures on the platform. Through its SocialFi structure, KangaMoon creates a thriving meme community where like-minded people can meet, interact, and create memories. The future is uncertain, the investment carries the risk of loss.
According to the sponsored content poster, the increasing growth momentum of the project can be seen especially while the token is still in the pre-sale phase. Currently, KANG token has gained over 290% in value so far in its pre-sale, demonstrating its growth potential. However, if it cannot be listed on stock exchanges, the investment carries the risk of loss.
Meanwhile, traders are conducting project team research on whether to purchase the token at $0.019. Alternatively, people who participate in KangaMoon’s social media campaigns have the chance to win KANG tokens even while they are still in the pre-sale phase.
Its future is uncertain KangaMoon’s growing potential has resulted in close to 6,000 token holders. Additionally, more than 20,000 members have registered on the KangaMoon platform. These statistics show that the KANG project is gaining momentum. The future is uncertain, there is risk.
Bitcoin (BTC)
Bitcoin (BTC) is one of the top cryptocurrencies considered “digital gold” by investors. Since the beginning of the year, Bitcoin has maintained a strong uptrend, resulting in the coin reaching an all-time high of $73,750 towards the end of Q1. Currently, Bitcoin’s price is trying to maintain the support level above the $70 thousand threshold, as seen in market statistics.
With the halving event on the horizon, the Bitcoin price is likely to rise to unprecedented levels. Judging by the current positive trend of Bitcoin’s trading volume and price value, the token is likely to break into the $80,000 mark following the halving event. However, in the long term, it would not be surprising if Bitcoin reaches $100,000 in 2024. This makes BTC the best crypto to invest now for future gains.
Polygon (MATIC)
Polygon (MATIC) is a popular layer 2 Ethereum scaling infrastructure development that provides frameworks on which multiple on-chain applications are built. Over the past month, the Polygon token has been quite bearish, losing over 18% in value. However, market statistics show that Polygon has undergone a price correction following an upward curve over the past week.
The 5% increase in value achieved for Polygon last week could be the beginning of a revival for the token. Considering the ripple effect that the Bitcoin Halving Event will cause on the blockchain, Polygon is likely to be one of the best cryptocurrencies to benefit from the bullish wave. Polygon’s increasing trading volume also underlines the token’s growth potential in the coming weeks.
Toncoin (TON)
Since its launch in 2018, Toncoin (TON) has grown from being a decentralized layer 1 blockchain owned by Telegram to becoming a mainstream token with a market cap of over $23.6 billion, according to data collected from CoinMarketCap. Meanwhile, Toncoin’s price has continued to gain significant momentum since the beginning of March, and experts have added it to the list of cryptos to watch in the coming weeks.
In this context, Toncoin gained approximately 35% in the past week and over 136% in the past month. Notably, the price of Toncoin has gained over 180% since the beginning of March. Meanwhile, Toncoin’s trading volume is also on the rise, gaining an average daily value of over 300% since last week.
Considering the increasing momentum of several key market indicators, Toncoin’s bullish sentiment is clear. The token is likely to move towards finding support above the $10 level before the end of April.
Phantom (FTM)
Fantom (FTM) is the native token of a smart contract platform that provides DeFi services to on-chain developers through a consensus algorithm. Fantom, which started 2024 above $0.4, had difficulty entering into upward momentum. However, the beginning of March triggered a significant uptrend for Fantom and saw the token reach the $1.3 price mark, a full-year high, according to market statistics.
Although Fantom’s price has since pulled back, the DeFi token is on track to form support above the $1 price level. Meanwhile, Fantom’s trading volume is on a positive growth trajectory, meaning the token’s growth potential is significant. On the current trajectory, Phantom is on track to reach the $2 price mark before the end of the current quarter.
Conclusion
One of the key factors in making a profit from a crypto investment is making the right decision in terms of tokens to invest.
It is not known whether the KangaMoon project will be successful.
Click to review KangaMoon token from its official website.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
