Despite the bearish crypto market, three cryptocurrencies – Shiba Inu, XRP, and Kangamoon have shown bullish potential in 2023. Let’s look at why these three coins are the hottest in the DeFi space.
Shiba Inu (SHIB) Succumbs To Bearish Pressure
The Shiba Inu coin was very really popular after its launch. However, its latest price movement has caused worry among investors. Once again, the Shiba Inu price has dropped into the red region despite positive metrics from Shibarium.
Interestingly, the price of Shiba Inu has been going down for a few months. Fortunately, here are some signs it might start going up. One positive sign is that it broke a trendline that was holding it back. Also, the potential launch of Bitcoin ETFs in October could spark a price rally for the Shiba Inu coin.
However, this positive change might not happen immediately. In September, the Shiba Inu price trades at $0.00000728, 90% down from its ATH. If the price keeps going up, it might reach $0.00001690 before 2023 ends. But if it goes down below the support trendline, it could go as low as $0.0000051.
Analysts Predict 250% Price Surge for XRP (XRP)
The XRP coin price fell in August after forming a death cross. However, XRP emerged as a top performer among leading digital currencies in September. Its price has increased by over 4.4% in the recent market uptrend.
During the first half of September, it established a narrow trading range, with resistance at $0.5130 and support at $0.4913. As of September 21st, XRP crypto is trading at $0.504739. Meanwhile, investors are very skeptical due to the uncertainty about Ripple’s lawsuit from the US SEC.
However, famous analyst, EGRAG CRYPTO, has forecasted a 250% price surge for XRP in a recent tweet. According to him, XRP’s price can increase to $1.4 if the token closes above the Fib 0.5 level at $0.57.
Kangamoon (KANG) Unveils An Exciting Gaming Platform
Apart from Shiba Inu and XRP, Kangamoon is another top token in the DeFi space. Kangamoon is a unique project that wants to mix the fun-filled meme coin space with crypto gaming on one platform. Its goal is to bring game lovers and fans of meme coins together from all over the world. Unlike other meme coins, the Kangamoon token has many uses.
Kangamoon gives holders access to rare NFTs, rewards, and discounts. Also, the platform allows players to venture into a virtual world called Kangaverse and earn exciting rewards. Gamers can take part in events, finish missions, and join contests to win prizes and digital money.
Afterward, they can trade these items on the Kangamoon marketplace for cash. Meanwhile, Solidproof has audited Kangamoon’s smart contracts to make sure the platform is safe. This shows that Kangamoon is committed to the safety of the players on its platform.
Experts are optimistic about Kangamoon and see it becoming a major force in the crypto sector. Currently, Kangamoon is in the early stages of its token presale. KANG tokens are available at $0.005 each. Interestingly, experts have foreseen a price surge of 22x in the coming months.
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