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There is a lot of movement in the cryptocurrency landscape, with NEAR Protocol and Ethereum announcing new initiatives and KangaMoon's presale entering Stage 4 with over $2.3 million.
As the cryptocurrency market continues to grow, two major players are gaining attention: NEAR Protocol (NEAR) and Ethereum (ETH). Meanwhile, KangaMoon (KANG) has entered stage 4 of pre-sale and so far he has collected over $2.3 million. Many analysts have even suggested that this meme coin could rise to $1 in 2024.
NEAR protocol indicates support for subgraphs from The Graph
Recently, the NEAR protocol has been making waves in the cryptocurrency market. Most notably, NEAR Protocol announced that The Graph has added subgraph support to this network. With this development, NEAR developers have unlocked a gateway to a decentralized network that reduces costs.
This NEAR protocol news could cause a rally in this cryptocurrency. Over the past 30 days, NEAR's value has jumped from $3.40 to $6.52, increasing its market cap from $3.56 billion to $6.86 billion at the time. Additionally, NEAR Protocol’s crypto trading has surpassed the 50-day and 100-day EMAs. Therefore, experts expect NEAR to reach $8.26 during the second quarter of 2024.
Fidelity adds staking to Ethereum ETF application
Meanwhile, Ethereum has had some interesting developments. For example, Fidelity added staking to its Ethereum ETF application. In a recently filed 19b-4 amendment, Fidelity states that if the ETF is approved, it will stake a portion of its assets through a staking provider.
In terms of the value movement of the Ethereum cryptocurrency, it rose from $2,819 to $3,281 in the last month alone. During this period, the market capitalization skyrocketed from $335 billion to $393 billion. This bullish Ethereum news and 19 green technical indicators point to a bright future for this cryptocurrency. For all these reasons, the analyst predicts that ETH will rise to $4,560 during the second quarter of 2024.
KangaMoon presale enters stage 4
Amidst these exciting NEAR protocol and Ethereum developments, KangaMoon (KANG) has emerged as a promising entrant. As we enter stage 4 of the pre-sale, we are offering early purchasers his 180% ROI. Additionally, KangaMoon is on pace to raise $3 million by the end of March 2024.
KANG is built using a community-driven approach and interesting features. To be clear, KANG will be the in-game currency in his KangaMoon's upcoming Play-to-Earn (P2E) game. Using this meme coin, users can purchase in-game items and upgrade their characters.
KANG is currently in stage 4 of pre-sale, priced at $0.014. Further price hikes are expected as the pre-sale progresses. Market analysts predict that the meme coin will rise to $1 once Tier-1 CEX lists it in the second quarter of 2024. This price prediction seems achievable considering that the P2E gaming market is predicted to reach $885 million by 2028.
Investors can earn free KANG tokens as long as they can become active community members as the pre-sale is ongoing. In other words, KangaMoon gives free tokens to people who like, comment, or share social media posts about KANG.
For more information, visit the Kangamoon website or join our Telegram community.
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