Ethereum Witnesses Its Biggest Network Growth; THORChain and KangaMoon Dominate the Altcoin Space

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Ethereum (ETH) is witnessing extraordinary network growth, representing a landmark development. Simultaneously, altcoins such as THORChain (RUNE) or KangaMoon (KANG) are gaining ground within the crypto industry. Many analysts claim that KANG, now in Stage 5 of its presale, is the next $1 altcoin in 2024. 

Ethereum (ETH): Outstanding Network Growth 

Ethereum (ETH) has recently made headlines in the crypto market. According to crypto analyst Ali Martinez, this altcoin has witnessed its biggest network growth in the past 12 months. Notably, Glassnode shows that around 139,560 new ETH addresses were created on April 29. 

Ethereum’s price movement saw a jump of 62% in the past year alone, with a market cap of $356B. Moreover, the Ethereum crypto is now trading above its 100—and 200-day EMAs, while nine technical indicators are flashing green. Because of this, experts predict that Ethereum will soar to $3,775 before Q2 of 2024 ends. 

THORChain (RUNE): Over $10B in Trading Volume 

Meanwhile, THORChain (RUNE) has also made some waves in this space. For instance, THORChain announced that March 2024 was the first month with over $10B in trading volume. This milestone is significant as it shows the level of attention that this altcoin is getting. 

The THORChain price surged 280% on the YTD chart, and its market cap rose to $1.65B. Furthermore, the THORChain coin is trading above its 100—and 200-day EMAs. As its RSI sits at 60, experts remain bullish. They foresee RUNE reaching a value of $6 within Q2 of 2024, making it one of the altcoins to watch. 

KangaMoon (KANG): An Upcoming Member of the Top 10 Altcoins

KangaMoon (KANG) is rapidly gaining popularity as an altcoin. Many traders are drawn to it thanks to its stellar presale performance. For example, KangaMoon has obtained over $6M, with projections of it reaching $7M before May 2024 ends. Additionally, 20,000 registered community members and 6,000 holders of this altcoin. 

The Play-to-Earn (P2E) gaming industry is expected to hit $885M in 2028, which presents a good opportunity for KangaMoon. Because of this, it will create a P2E game where gamers will use the KANG token as an in-game currency. In other words, gamers can use this altcoin to buy in-game items, access challenges for extra tokens, and more.

KangaMoon also focuses on its community. For example, KangaMoon is now awarding its most active community members free KANG before the presale ends. Thus, traders rush to like and share KangaMoon’s social media posts to earn this altcoin for free. 

KANG is now in Stage 5 of its presale and is worth just $0.0196 – a 290% pump from its starting price of $0.005. However, experts are bullish about KANG since it is so early in its development. They forecast a pump to $1 once a Tier-1 CEX lists KANG in Q2 of 2024. With this price prediction, KANG emerges as one of the best altcoins to buy. 

Will KangaMoon Provide Faster Returns Than Ethereum and THORChain?

At a low $19.6M market cap, KangaMoon might bring faster returns than Ethereum or THORChain. This is because it needs less new money flow to increase prices. As a result, KangaMoon could become one of the top 10 altcoins in 2024. To learn more, follow the links below and obtain a 10% bonus on every purchase. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

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