Wormhole has recently taken some big steps towards improving compatibility on Arbitrum (ARB). At the same time, two promising altcoins have come out of nowhere and look poised for major gains – KangaMoon (KANG) and Optimism (OP).

In fact, experts hint that KANG, a Stage 5 presale star, may become the next $0.5 altcoin in 2024. Let’s see why. 

Arbitrum Price May Spike Thanks to Wormhole Announcement 

Arbitrum (ARB) has recently made some headlines in the altcoin space. For example, Wormhole announced that JitoSOL is now expanding to Arbitrum using its Native Token Transfers. This will unlock new possibilities for many traders. 

The Arbitrum price movement saw a 20% fall in the past year alone, with its market cap sitting at $2.74B. However, the technical analysis for this

KangaMoon (KANG): Among the Most Promising Altcoins To Buy

Amidst the growing excitement for Arbitrum, KangaMoon (KANG) is another altcoin showing excellent growth potential. This presale phenomenon has already provided early buyers a 290% ROI while boasting over $6M raised. Moreover, projections hint at a potential $7M before May 2024 ends. 

KangaMoon will capitalize on the growing Play-to-Earn (P2E) gaming market, which is predicted to be worth $885M by 2028. They are creating a P2E game with KANG as the main in-game currency so that users can power up their characters and get in-game items.

KangaMoon sets itself apart from other altcoins thanks to its focus on giving back to its community. Currently, KangaMoon gives out free KANG tokens to those most involved before the official launch, thereby creating an extremely active community around its social media content.

This altcoin now costs only $0.0196 during Stage 5 of the presale. Demand is also high, as over 6,000 people are now KANG holders. In Q2 2024, experts predict that listing on a Tier-1 CEX may cause the KANG price to rise to $0.5. Due to all these reasons, KANG could emerge as one of the best altcoins to invest in. 

Optimism (OP) Announces New Partnership With Nym

Optimism (OP) is another one of the altcoins to watch. Recently, Optimism announced that it has welcomed Nym to its superchain. This development will improve privacy and security for all superchain users. 

This development could trigger a rally for the Optimism crypto. Over the past year alone, the Optimism price soared 28% in the past 12 months with a sitting market cap of $2.83B. Moreover, there are now 14 technical indicators in the buy zone for Optimism. Thus, experts foresee this altcoin hitting $3.15 before the end of Q2 2024. 

Arbitrum vs. KangaMoon vs. Optimism – Which One Will Soar First?

Arbitrum, KangaMoon and Optimism are competing for the highest value. However, among these three contenders, the low market cap of KangaMoon at $19.6M makes it a potential front-runner since it needs less new funds for its price to rise. Thus, KANG takes the best

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