Analysts backing Cardano, PepeFork, and KangaMoon in 2024
Release: 2024/02/08 17:34 Reading: 543
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Investors are actively seeking potent cryptocurrencies for high returns in the upcoming bull market. Some analysts have suggested Cardano (ADA), KangaMoon (KANG), and PepeFork (PORK) as possible options.
Cardano price prediction
Cardano is down 6.1% and 4.2% in the past month and week.
ADA is currently ranging between $0.4753 and $0.5237.
You might also like: Cardano forecasted to hit $5, will other altcoins follow?
The short-term outlook seems negative, but the long-term outlook is bullish due to increased on-chain activity.
Some analysts say ADA will float to $0.557012 in the coming weeks.
PepeFork slows down
PepeFork is inspired by Pepe-The-Frog and is listed on Uniswap and MEXC.
Its market cap rose above $200 million shortly after launch, making it the ninth biggest meme coin.
The total supply of PORK is 420 trillion, and the top 10 owners hold more than 15% of the supply.
You might also like: PEPE meme coin fork PORK above $200m market cap in 48 hours
Currently, PORK is trading between $0.0000003238 and $0.000000837.
Despite a 36% drop from its all-time high of $0.0000009132, the coin is up 122.7% in the last week.
Analysts say the token can rally to $0.000001232 in the coming months.
KangaMoon price forecast
KangaMoon aims to merge socialFi and play-to-earn gaming with meme coins.
Their goal is to create a community steeped in meme culture.
You might also like: Investors closely tracking Injective, Mirror Protocol, and KangaMoon in Q1 2024
Before the official game launch, KANG holders can participate in various challenges and events to earn additional tokens and rewards.
Presently, KANG is trading at $0.005 in the ongoing presale.
Conclusion
Some financial analysts are bullish on Cardano, KangaMoon, and PepeFork in 2024. Although Cardano and PepeFork are down, prices might recover in the future. KangaMoon plans to launch a new platform based on meme coins later this year, possibly supporting KANG prices.
Read more: Study examines USDT and DAI stability, Kangamoon draws investors in presale
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