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Avalanche in free fall, according to analysts KANG and LEO are the ones to watch this week
The Avalanche (AVAX) recently saw the launch of Monroe Protocol, a new omnichain stablecoin, but despite this, the price went into free fall dropping 13% in just one week. On the other hand, UNUS SED LEO (LEO) is up 70% year to date (YTD), while KangaMoon (KANG) is up 400% in the latest trading sessions. To understand why analysts are bullish on LEO and KANG, and to understand why AVAX is in free fall, we will look at all three projects individually.
Avalanche (AVAX) sees the launch of the stablecoin but its value continues to collapse
Avalanche (AVAX) is experiencing a free fall despite the latest initiatives and updates on its ecosystem. New omnichain stablecoin launched on Avalanche, while the Monroe Protocol launched MONROEin collaboration with BENQI Finance to bring new strategies to the Avalanche ecosystem with sAVAX.
Despite this, Avalanche’s price fell by 13% on the weekly chart. For the Avalanche cryptocurrency to make substantial gains, it must overcome major price barriers and also attract the attention of crypto whales. To do this, it is essential to exceed 40 dollars. According to Avalanche’s price prediction, however, sentiment is still optimistic about its future as it could rise to as high as $48.71 by the fourth quarter of 2024.
UNUS SED LEO (LEO) is up 70% year to date (YTD): how far can it move in 2024?
UNUS SED LEO (LEO), on the other hand, has seen substantial price increases that have positioned it as a dominant player in the market. Based on the parameters on the chart, the UNUS SED LEO price has increased by 70% year to date (YTD). Furthermore, the RSI and MACD data of the UNUS SED LEO cryptocurrency are bullish, and with this growth rate it has the potential to see much more significant gains, especially if it breaks above the major resistance point of $7, positioning it as one of the most-significant altcoins solid to look at.
Sentiment is now more bullish than before on its future, and according to the UNUS SED LEO price prediction, it could end 2024 with a value of $8.50, positioning LEO as one of the best altcoins to invest in.
KangaMoon (KANG): A Rising Star in Play-to-Earn (P2E)
KangaMoon (KANG) is an upcoming project that can disrupt the meme coins and play-for-earning (P2E) space as it has already grown 400%, has over 20,000 users, and has raised over $6.6 million. The key catalyst for this growth is its thriving community and focus on the thriving P2E market, along with the true utility of the tokens.
Unlike competing hype-fueled projects, KangaMoon offers real utility, and the KANG token is used as an in-game currency or reward incentive. This can drive long-term value and stability, making it one of the most important altcoins to keep an eye on.
In the game, players take control of characters, compete in battles, and earn KANG tokens or NFTs in the process. These can subsequently be bought or sold in the dedicated market managed by KANG for further capital gains. Another innovative feature is the Social-Fi model that rewards users with KANG tokens for being the most active on social media channels, helping to spread the word and build a strong community.
Even though the main presale has ended and KANG has risen from $0.005 to $0.025, there is still a limited-time bonus round. This will allow both new users and experienced traders to accumulate more KANG tokens at a discount before the price skyrockets. According to analysts’ projections, the cryptocurrency could rise by 5,000% after its launch and major exchange listings.
Summary
It is clear that Avalanche is in a state of decline and there is no guarantee that it can recover in an extremely volatile market. However, UNUS SED LEO has shown a strong upside on the charts and is moving higher, which has led to a bullish sentiment about its future.
KangaMoon, on the other hand, could be one of the best cryptocurrencies for diversification in 2024 and beyond, as it focuses on utility, community involvement, strategic market positioning, and continuous innovation, which provide it with a solid foundation on which it can grow. These aspects position KANG as one of the best altcoins to invest in.
Discover exciting KangaMoon (KANG) presale opportunities today!
Website: https://Kangamoon.com/
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