Pyth Network (PYTH), Immutable (IMX), and KangaMoon (KANG) are soaring after Bitcoin hit a new annual. Pyth Network has seen returns of 29% in a week, while Immutable has soared by 37%.
Meanwhile, KangaMoon has raised $150,000 during its presale and could experience a price increase in the next week. Here’s why Pyth Network, Immutable, and KangaMoon could be the top-performing cryptocurrencies in Q1.
Immutable Monthly Returns Pass 50%
After a significant rally over the last 7 days, Immutable’s 30-day returns have hit 58%. According to CoinMarketCap, Immutable is now trading at $3.16, and its market cap has passed $4.2 billion.
Due to its significant returns, Immutable’s daily trading volume has increased by 32%. Presently Immutable has a daily trading volume of $202 million, and experts believe the altcoin could experience additional growth.
Having already passed its former resistance level of $3, experts predict that Immutable could be on track to hit $3.50 in Q1. This would take Immutable to two-year highs, during which it could greatly expand its user base.
KangaMoon (KANG): Outstanding Presale Performance
KangaMoon (KANG) has made headlines over the last week, having passed a major milestone of raising $150k. This is a significant achievement for the project, as it shows that KangaMoons’ innovative social-fi approach could be popular among meme coin enthusiasts.
KangaMoon looks to become a meme coin that offers more than just market hype. Its hybrid model combines play-to-earn gaming with social-fi to offer a unique ecosystem. As part of its P2E game, players will be able to control and battle characters for rewards. They can then take these rewards to the KangaMoon marketplace, and trade them.
To promote social activity, KangaMoon will offer weekly, monthly, and quarterly challenges that players can complete. By completing challenges, players will earn the meme coins’ native token, KANG. KANG will also be rewarded for investors who promote the KangaMoon presale.
KANG tokens are currently available for just $0.005 during stage one of the KangaMoon presale. With huge potential to disrupt the meme coin market, market analysts forecast that KANG will pump by 220% during its presale and could offer an additional return of 350% once it is listed on a Tier-1 centralized exchange.
Pyth Surges 90% In One Month
The Pyth Network price soared 29% in the last 7 days, according to data on CoinMarketCap. Currently, the project is trading at $0.6232, and its market cap is $936 million. Created as part of the Solana ecosystem, Pyth Network has been a popular topic on X, after the community approved the Pyth DAO Constitution.
This constitution will be used as a decision-making framework for Pyth Network and will dictate the project’s future. Following its recent surge, Pyth Network is up by 90% in a month and has attracted thousands of new investors.
Will KangaMoon’s Bull Run Continue?
As one of the fastest-growing DeFi presales, investors are asking whether or not KangaMoon can maintain its growth rate. Having already hit several major milestones, experts believe that KangaMoon will not only continue its current expansion, but the project’s growth could snowball. With this in mind, KangaMoon could be a great opportunity for investors looking to maximize their returns in 2024.
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