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Bitcoin (BTC) is surging and closing in on its all-time high, lifting other altcoins in the process.
In contrast to recent developments in its network, Stellar has faced notable declines in the past week and is steady above $0.120. Meanwhile, KangaMoon (KANG), an emerging meme coin, is up 50% in stage 2 two of its presale.
Stellar reach $0.15 by end of March?
XLM has been trading within a weekly price range of $0.119 to $0.120.
Despite its volatility, XLM is up 4% in the monthly price chart but is technically bearish.
Considering its unique price dynamics, analysts are optimistic about the future of Stellar and expect prices to recover.
This positive sentiment is largely attributed to recent improvements in the Stellar ecosystem.
Based on this outlook, it is predicted that XLM price will cross the $0.15 threshold before the end of March.
Bitcoin to all-time high?
Bitcoin is firm, and closing in on its all-time highs. It is currently trading at around $62,500 when writing.
This noteworthy progress highlights the growing momentum and positive sentiment surrounding Bitcoin.
The price spike is ahead of its halving event set for early April 2024.
Given the historical pattern of price increases following past halving events, observed in 2012 and 2016, analysts are bullish BTC will register all-time highs.
KangaMoon is rising in prominence
KangaMoon is on a mission to reshape the perception of meme coins by incorporating real-world utility into its network. In contrast to other meme coins, KANG serves as an in-game currency and governance token.
Currently in the second stage of its presale campaign, the KANG token is now valued at $0.0075, representing an increase of 50% from the initial price offering of $0.005.
While early investors have been able to lock in 50% ROI, new participants can take advantage of the current entry price and lock in up to 150% ROI before the end of the presale.
Essentially, KangaMoon fosters a community-driven network that rewards engagement and in-game accomplishment. To achieve this, KangaMoon seamlessly integrates Social networking, competitive gaming and decentralized finance (DeFi).
As such, the main appeal for this project lies in its ability to foster a strong community of meme enthusiasts, creating an avenue for participants to engage in competitive games and win prizes and rewards with actual real world value.
The native KANG token plays a crucial role in the platform’s tokenomics, facilitating various transactions and activities. The platform places a strong emphasis on user privacy and security. To ensure this, the project’s smart contracts have undergone a thorough audit conducted by SOLIDProof, providing users with confidence in the platform’s security measures.
KangaMoon could benefit from the play-to-earn wave, an industry projected to command $614.91 billion by 2030.
Looking ahead, analysts expect more gains once KangaMoon lists on leading exchanges.
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