Large crypto investors, also known as whales, have been increasing their holdings with the expectation of future price rises. Besides BTC, crypto whales have eyes on KangaMoon (KANG), Litecoin (LTC), and Solana (SOL) ahead of the anticipated bull run in the market cycle. Experts believe these three DeFi coins are great alternatives for astronomical growth potential ahead of halving.
Solana Price Display Bearish Trading Week
Solana's price has displayed a bearish trading week, recording approximately 9% outflows over the last seven days. On a positive note, the price of Solana continues to record bullish price action, adding roughly over 16% to trade at $171 in the past month. The current price charts on CoinMarketCap show that Solana coin faces severe bearish pressure due to the ongoing price drop.
Despite the bear pressure, Solana's Greed and Fear Index is 79, indicating extreme Greed value. This reflects investors' growing interest in the coin. Moreover, Solana's price is trading above the 50-day EMA, meaning more investors are still buying the dip to gain massively on the next bull run.
AMBCrypto Litecoin Analysis Hints Towards a Price Rally
Litecoin has witnessed a price downturn in the last few days, dropping from $99.44 to $95.23. The recent considerable accumulation of Litecoin crypto from whales signals a positive outlook on the future of cryptocurrency. Despite increasing in the past month, Litecoin's previous gains are depleted by the ongoing selling pressure, recording a 0.98% outflow.
According to AMB Crypto analysis, Litecoin's trading outlook appears bearish for the short term, with the network-to-value (NVT) ratio remaining low. This indicates that Litecoin may be undervalued, which could increase the possibility of an uptick. Evidently, the decline in open interest could trigger a bullish signal, suggesting a potential shift in the ongoing Litecoin price trend.
KangaMoon (KANG) Bull Rally is Inevitable
KangaMoon is among the top DeFi coins experts believe could break out ahead of the bull market. Alongside Litecoin and Solana, KangaMoon has captured investors' attention with its impressive performance in its presale stage. The platform has already amassed a vibrant community of over 20,000 members and over 5,800 holders.
Moreover, it has raised over $4.8M in presale funding and may soon hit the $5M milestone. Unlike other altcoins, KangaMoon offers actual utility. To clarify, KANG will be the main in-game currency for the platform's upcoming Play-to-Earn (P2E) game. With this token, users can upgrade their characters and buy in-game items on KangaMoon's marketplace.
Additionally, the KangaMoon SocialFi feature makes it unique as the platform focuses on community engagement. For instance, KangaMoon is rewarding active community members with free KANG tokens before the official launch. Any lucky users who share, retweet, or like KangaMoon's social media post will be rewarded with free KANG while the presale continues.
Currently, the KANG token costs $0.0196. This marks a 290% ROI from its initial offering of $0.005. Various experts see the value of KANG propelling 50x when listed on the Tier-1 CEX platform. Interestingly, with its ties to the flourishing P2E gaming industry, predicted to jump in value to $885M by 2028, KangaMoon is set to become the best altcoin to invest in 2024.
Solana Vs. KangaMoon Vs. Litecoin—Which One Stands Out?
While all three DeFi coins are worth watching ahead of halving, KangaMoon stands out with its small market capitalization. Currently, its market cap sits at $19.6M. As a result, the KANG token only requires fewer funds to trigger a double increase in value. With this advantage, KangaMoon could emerge as the top DeFi coin to invest in 2024. If interested, sign up using the links below for a 10% bonus.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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