Congratulations if you’ve managed to navigate the bear market and are still standing. Now it’s time to focus on tokens that have the potential to shine in the next bull run. This article takes a closer look at three tokens that deserve your attention: Cosmos (ATOM), Monero (XMR), and the intriguing newcomer Kangamoon (KANG).
- Cosmos launches a new liquid staking module
- Monero showing bullish signs
- Kangamoon to create a top-tier play-to-earn platform
Due to its continuous development and upgrades, Cosmos (ATOM) has emerged as a promising token in the post-bear market. As a matter of fact, the recent Cosmos Hub upgrade introduced a liquid staking module. This development eliminates the 21-day locking period associated with unstaked Cosmos crypto tokens.
Liquid staking allows investors to participate and earn rewards without requiring lengthy lock-up periods. As the crypto market regains momentum, Cosmos’s commitment to innovation positions it as a solid token to hold.
All of these factors lead analysts to still be positive for the Cosmos crypto. In fact, they forecast that the Cosmos price will sit between $9.51 and $10.83 by December 2023.
Monero (XMR), often called the “privacy coin,” has a dedicated following thanks to its strong focus on anonymity and security. Recent developments, such as the launch of dedicated Monero mining hardware and positive legal outcomes for cryptocurrencies, have increased XMR’s price.
Additionally, a US Congressman’s recent proposal of a CBDC privacy bill has brought privacy-focused cryptocurrencies into the spotlight. Monero, known for its robust privacy features and untraceable transactions, has gained attention as users seek alternatives that offer true financial anonymity.
Monero’s resilience during market fluctuations and its commitment to privacy make it an attractive option for traders. Therefore, market analysts foresee the Monero price reaching $206.60 within Q4 of 2023.
Kangamoon (KANG), the upcoming newcomer to the scene is turning heads with its innovative approach. Beyond being just a meme coin, Kangamoon is a top-tier play-to-earn platform. To clarify, the project revolves around Kangamoon, a spirited kangaroo passionate about boxing.
In Kangamoon’s virtual world, players step into the shoes of these kangaroos, allowing them to build their characters and engage with a global community of players. The heart of this experience is boxing, where players can challenge each other in fights and tournaments to test their skills.
But the excitement doesn’t stop there. Kangamoon offers players the opportunity to monetize their gaming time. Players can earn virtual currency and rare in-game assets by winning matches, participating in special events, and completing challenging quests. Afterward, players can trade or sell them within the game’s marketplace.
At the core of this ecosystem lies its native token, KANG, which is now worth only $0.005. However, its long-term growth potential is outstanding thanks to its ties to the P2E NFT gaming market (valued at $3292.73M in 2022 as per Yahoo Finance). Because of this, experts predict that KANG could surge by 35x once it lists on major exchanges.
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