The cryptocurrency market turned bullish in February. Projects like Stacks and Immutable X are surging, while new altcoins like KangaMoon are building momentum.
KangaMoon (KANG), which many experts believe may increase by 220% during its presale, has already raised $125,000 during its first presale stage. As a result, analysts state that this new altcoin could offer higher returns than Stacks and Immutable X.
Stacks Trading Activity Surges
According to data from CoinMarketCap, Stacks has experienced considerable growth in its 24-hour trading volume for two consecutive days. After hitting $166 million, Stacks has experienced additional growth of 69%, and its daily trading volume has passed $224 million. This has driven up Stacks’ market cap by 7.4%, reaching $2.9 million.
Having recently passed a 21-month resistance line, experts are now bullish about Stacks. This breakout has taken Stacks’ annual returns to 576.68% and pushed Stacks above $2.
KangaMoon (KANG) Is Pioneering SocialFi Developments
KangaMoon (KANG) looks to take SocialFi to the next level with its new meme coin community. The project has implemented several new features to stand out from other projects, and has already caught the attention of investors.
Unlike other presales, KangaMoon allows investors to earn during its presale. Investors who help spread the word about the project will be rewarded with tokens and other rewards. This is designed to help the project go viral and build a vibrant community of like-minded investors.
KangaMoon has already experienced a strong performance during its presale. The project has raised $125,000 and continues to attract hundreds of investors daily. Now, with over 50% of its first round’s $KANG token supply sold out, experts believe that KangaMoon will hit a new all-time high over the next week.
To get involved in this unique P2E, SocialFi ecosystem, investors can purchase $KANG tokens for just $0.005. Tokens are expected to pump 22x during the KangMoon presale and could surge an additional 350% once $KANG is listed on global exchanges.
Immutable X Surges 37% In 4 Weeks
Immutable X has caught the market’s attention after a 37% price increase in just one month. This sudden rise was triggered by the ongoing bullish market momentum, during which several projects have seen significant price increases. That said, Immutable X is leading the bull rally with its returns.
At present, Immutable X is trading at $2.91 and has increased in value by 1.47% in the last 24 hours. Following its price increases, Immutable X’s daily trading activity increased to $226 million as thousands of investors flocked to the altcoin.
Should its growth continue, experts predict Immutable X could pass $3. Should it push past this resistance, Immutable X could surge an additional 20%, passing $3.50 in the process.
What’s Next For KangaMoon?
As one of the market’s fastest-growing presales, experts predict that KangaMoon could take the DeFi market by storm. Given its unique SocialFi approach and great P2E gaming opportunities, KangaMoon easily distinguishes itself from other DeFi projects. As a result, instead of being a hype-driven meme coin, KangaMoon can thrive based on its utility and great community.
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