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The cryptocurrency landscape is witnessing significant activity, with NEAR Protocol and Ethereum unveiling new initiatives, and KangaMoon’s presale entering stage 4, having amassed over $2.3 million.
As the cryptocurrency market continues to thrive, two major players are making headlines: NEAR Protocol (NEAR) and Ethereum (ETH). Meanwhile, KangaMoon (KANG) entered Stage 4 of its presale, having raised over $2.3M so far. Many analysts even hint that this meme coin could rise to $1 in 2024.
NEAR Protocol shows subgraph support from The Graph
NEAR Protocol has been making waves in the crypto market recently. Most notably, NEAR Protocol announced that The Graph has added subgraph support to this network. With this development, NEAR developers have unlocked a gateway to a decentralized network that reduces costs.
This NEAR Protocol news could cause a rally for this crypto. NEAR’s value has jumped from $3.40 to $6.52 in the past 30 days, and its market cap grew from $3.56B to $6.86B at that time. Additionally, the NEAR Protocol crypto trades were above their 50- and 100-day EMAs. Thus, experts foresee NEAR hitting $8.26 within Q2 of 2024.
Fidelity adds staking to their Ethereum ETF application
Meanwhile, there were some exciting developments for Ethereum. For instance, Fidelity has added staking to their Ethereum ETF application. In the 19b-4 amendment submitted recently, Fidelity states that once the ETF is approved, it will stake a portion of the assets through staking providers.
In terms of the Ethereum crypto value movement, it has risen from $2,819 to $3,281 in the past month alone. Its market cap surged from $335B to $393B during that period. This bullish Ethereum news, plus 19 green technical indicators, signals a bright future for this crypto. Due to all these reasons, analysts predict a rise to $4,560 for ETH within Q2 of 2024.
KangaMoon’s presale enters stage 4
Amid these exciting NEAR Protocol and Ethereum developments, KangaMoon (KANG) is emerging as a promising entrant. As it enters Stage 4 of its presale, it has provided early buyers a 180% ROI. Moreover, KangaMoon is on pace to raise $3M before March 2024 ends.
KANG has been built with a community-driven approach and interesting features. To clarify, KANG will be the in-game currency for KangaMoon’s upcoming Play-to-Earn (P2E) game. With this meme coin, users can buy in-game items or upgrade their characters.
Currently, KANG is in Stage 4 of its presale, priced at $0.014. As the presale advances, more price pumps are expected. Market analysts foresee a rise to $1 once a Tier-1 CEX lists this meme coin in Q2 of 2024. Given that the P2E games market is projected to reach $885M by 2028, this price prediction seems achievable.
Investors can earn free KANG tokens as the presale is underway, only if they can become active community members. In other words, KangaMoon rewards those who like, comment, and share social media posts about KANG with free tokens.
To learn more, visit the Kangamoon website or join their telegram community.
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This article first appeared at crypto.news
