Experts second guess ADA as KangaMoon stands out

As Cardano (ADA) faces skepticism over its previously optimistic forecasts, KangaMoon (KANG) emerges as a strong contender in the memecoin space, drawing significant attention during its presale event.

Cardano (ADA), favored for its scientific approach to development, now finds its once optimistic price predictions challenged. Amid this uncertainty, a new contender, KangaMoon (KANG), is predicted to dominate the memecoin space after the ongoing presale event. 

Cardano’s leap towards full decentralization

Founded in 2017 by Charles Hoskinson, one of the co-founders of Ethereum, Cardano is designed as a next-gen blockchain platform. Cardano is most known for using a scientific philosophy and peer-reviewed academic research to develop its technology.

This approach caused the Cardano approach to surge by more than 100x to $3.10 during the 2021 bull run. However, the subsequent bear market caused the Cardano price to retrace to $0.18 in late 2023 as investors sold off the gains.

The rollercoaster ride did not stop here. Cardano is now back above $0.78 after a near 100% gain since late January 2024. But with the market bullish again, what price can Cardano achieve as we enter Q2 2024?

Expectations from Cardano in 2024

Fundamentally speaking, Cardano could have a successful year ahead. The project’s major upgrade, “Voltaire,” is coming any month now. Voltaire will introduce governance voting for ADA holders, allowing them to vote on proposals and improvement protocols for the platform.

Cardano becoming a fully decentralized platform could give it a competitive advantage over other cryptocurrencies that still rely on centralized decision-making. It can only help when it comes to attracting institutional investors and adoption.

However, the cryptocurrency market thrives on attention, and Cardano is starting to fade into the background of the conversation. While Solana, Ethereum, and Avalanche have DEX trading volumes of around $2-3 billion per week, Cardano’s DEX volume was only $74.9 million last week.

Bullish analysts argue that the 2024 bull run will be a supercycle, with institutional adoption and increased mainstream acceptance driving prices higher than ever before. Cardano could reach $10 or more by the end of 2024 if this prediction holds.

On the other hand, some skeptics believe that only the best altcoins will surpass their previous all-time highs in the next bull cycle. Cardano needs a massive $90 billion market cap to surpass its all-time high, which will require more than an idea and a strong team.

Gaming meets meme culture in Kangamoon 

KangaMoon is an upcoming P2E game that combines meme culture with gaming and financial opportunities. Players become Kangaroo characters who can earn KANG tokens and rare NFTs while playing games, completing challenges, and participating in community events.

KangaMoon’s ambition extends beyond just gaming. It aims to build a robust community and a self-sufficient economy. Community events, such as tournaments and collaborative challenges, play a significant role in fostering a sense of belonging in the Kangaverse.

The KangaMoon marketplace allows players to upgrade their Kangaroo character or cash out for cash or cryptocurrency. The KANG token is the primary currency within the game, and it can also be staked for a share of the ecosystem’s revenue.

KANG tokens can be purchased during the fourth presale phase for $0.014. While this current price represents 180% gains since the presale began last week, the KANG value is expected to keep rising in each subsequent phase leading up to the game’s launch. There is also a 10% bonus for those participating during the third phase.

With a unique concept, strong community focus, and potential to go viral in the memecoin space, KangaMoon is a project to watch. Experts are already predicting that KANG could be one of the top-performing memecoins this cycle.To learn more, visit the Kangamoon website or join their telegram community.

Follow Us on Google News