Historically, extended periods of market downturn have often preceded a resurgence in crypto prices, ultimately leading to bullish market conditions.
Meanwhile, top crypto coins such as Toncoin (TON), and Chainlink (LINK), alongside new entrant, KangaMoon have recorded recent network developments, which may further drive their prices to new heights. More specifically, KangMoon (KANG) has recently crossed the $6M funding milestone in its fifth presale round, coupled with a growing popularity and new partnership with RaidShark.
KangaMoon (KANG): This Play to Earn Project Set Sights on a New Price Target
Amidst the wave of fluctuations in the crypto market, KangaMoon (KANG) has established itself as a lighthouse amidst the storm, as its presale stages draw the attention of investors and whales from all over the globe. Far exceeding the $6M mark in its fifth presale stage, KangaMoon targets to attain at least $7M before the end of May.
In a recent development, the platform announced a partnership with RaidShark to add a Community Engagement Bot tasked with the responsibility of making the platform accessible to more people. This development will further accelerate the already growing community of over 20,000 members and 6,000 token holders is expected to support the play-to-earn (P2E) platform.
Meanwhile, having positioned itself in the frontline of the meme coin market, KangaMoon has already delivered substantial returns on investment for buyers. Particularly, the native KANG token price has surged drastically across five presale stages, increasing by 290% from an initial price of $0.005 to $0.0196. Besides, analysts predict the KANG price to hit $1 later in the year, especially once it is listed on tier-1 exchanges later in Q2 of 2024.
Finally, speculation among crypto analysts is fuelled by the project’s unique combination of SocialFi and Kangverse ecosystems’ GameFi Play-to-Earn models. By awarding the $KANG token for participating in battle-themed contests, speculative bettings as well as social media promotion, KangaMoon is set to move up the ranks among the top meme coins, further attracting more users into its ecosystem.
Toncoin (TON) Price Has Witnessed Declines in Price Amid Network Activity
The Telegram Open Network, which started its journey in October 2018 under the name Toncoin (TON), has succumbed to bear pressure to record losses in both the weekly and monthly charts. Based on CoinMarketCap figures, The Open Network has faced rather turbulent market conditions lately. Kicking off April at $5, TON price reached a peak of $7.63 midway into the month.
However, heeding to market pressure, TON price has since dropped below its 30-days average to settle below the $5 price mark. Consequently, Toncoin fell position below to now rank as the 9th largest cryptocurrencies with a market cap of $16 billion. On a different note, CryptoQuant has partnered with the Toncoin blockchain and announced on X post that users will have access to Toncoin data on the platform.
Chainlink (LINK) Ecosystem Records Multiple Partnerships in its Network
In a move to smoothen the flow of data between blockchains and real-world apps, making decentralized systems better, Chainlink (LINK) has formed a new partnership. Safe and Chainlink Labs have decided to combine their efforts to ensure decentralized account abstraction and that smart contracts are secure and user-friendly. This scheme is not intended to replace existing technologies but to use them more effectively and provide a safe atmosphere for all users.
In other news, Chainlink network is joining forces with the Aave community to implement multiple upgrades of the Aave protocol. These upgrades, however, focus primarily on spreading the use of the Chainlink ecosystem, bringing to life such capabilities as CCIP for cross-chain liquidity and developing custom data oracle solutions. Such a partnership will go a long way toward reinforcing the Aave protocol and boosting its utility.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
