Despite attempts to cross the $65,000 threshold, Bitcoin has struggled and is showing a bearish trend. Pioneering coins are not the only ones experiencing outflows. The overall market is trending lower due to continued pressure from rising interest rates in the US and rising geopolitical tensions in the Middle East. However, Kangamoon (KANG), Immutable (IMT), and GALA (GALA) have witnessed massive gains, with analysts predicting even more astronomical growth in the coming days. Among the trending P2E gaming coins, the analyst predicts KANG to be one of the best P2E coins to watch in 2024.
Permanent price recovery amidst bear market
As the leading Layer 2 scaling solution for the Ethereum network, Immutable has contributed to the growth of P2E gaming. Immutable Coin is one of the top P2E coins that continues to rise amid the recent market scare that saw many tokens drop. For context, Immutable’s price has been on a downward trend, with outflows of around 17% over the past week, according to data from CoinMarketCap.
However, within the past few days, Immutable’s price has been on an upward trajectory, recovering from its initial decline. Moreover, Immutable Coin has also recorded an increasing influx of market activity, with its market capitalization increasing by 9.28% to reach $3.023 billion. Constant trading volume also increased by 5.08% to $73.54 million. The fixed price is likely to continue rising in the coming days as investor interest increases.
Analysts remain bullish on Gala price
Meanwhile, Gala Price is gaining momentum in the market with its innovative gaming and blockchain technology approach. A few weeks ago, Gala Price managed to maintain a steady growth pace, but it quickly declined and recorded an outflow of over 22.61% last week.
The current downward trend can be attributed to a broader bear market in the market. Currently, Gala Coin is in the price recovery phase. Looking at the technical outlook for Gala coin, its indicators are currently flashing green. Even though the market is bearish, several analysts believe that Gala prices will rise further in the coming days.
KangaMoon (KANG): The best P2E coin investment that promises 100x potential
KangaMoon has emerged as the top P2E coin to rise after the Bitcoin halving based on its growth potential. For context, the KANG token continues to attract investors, gaining over 6,000 holders and his over 20,000 community members. Analysts, who raised more than $5 million in pre-sales, are predicting a 50x return in the coming months.
KangaMoon utilizes P2E functionality to allow users to participate in weekly, monthly, and quarterly challenges for a chance to earn rewards. Non-participants can also bet on matches and win prizes. Additionally, users can also earn rewards for participating in community activities.
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For example, you can engage with KangaMoon’s social media content by liking, sharing, commenting, and tweeting about projects. The lucky winner will receive free His KANG tokens before the official launch. This SocialFi element of his is aimed at promoting projects on social media. So far, this move has worked, as KangaMoon is one of the top P2E coins with the most active social engagement.
Currently, in the Stage 5 presale, KANG tokens are selling for $0.0196. An early investor has already recorded his ROI of 290% from the initial price of $0.005. With a 10% bonus on every deposit, now is the perfect time to join the KangaMoon community. Smart investors are already taking advantage of this opportunity to accumulate tokens.
Will KangaMoon outperform Immutable and Gala?
While Immutable and Gala are trending higher, KANG token continues to attract investors. KangaMoon has an edge over them as a potential Tier-1 CEX listing is expected to take its value to $0.5. First, the KANG token has a small market capitalization of approximately $19.6 million, so it requires less capital to cause price appreciation. For this reason, analysts see KangaMoon as one of the best P2E coins to invest in in 2024.
Discover the exciting opportunity of KangaMoon (KANG) presale now!
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