The much-awaited cryptocurrency bull market of 2024 appears to be in full flight already. Joining the market rebound, Ripple (XRP) has crossed a key resistance level, validating a potential uptrend to $0.680 in the coming weeks.
Other top altcoins that crypto analysts have given massive predictions are Stellar (XLM) and KangaMoon (KANG). Based on these predictions, these altcoins could see parabolic price increases in the 2024 bull market. Read on to learn more about what the future holds for these altcoins.
Ripple (XRP) Validates Potential Rally To $0.680
As the crypto market rebounded, Ripple (XRP) seized the opportunity for a price increase. On the weekly chart, XRP has increased by more than 5% to top the $0.5300 resistance level. Based on this increase, the Ripple coin has now validated a potential uptrend to $0.680.
According to a recent analysis of XRP, provided by market researcher Dark Defender, the Ripple price chart on the 4H timeframe has experienced a lot of action. He saw that the altcoin had closed three consecutive candles above the $0.5286 price barrier.
This pattern demonstrates the possibility of a rebound for the Ripple coin as long as the condition provided the correct conditions are met. While Dark Defender explained that the $0.600 resistance is pivotal, he added that the altcoin price could surge as high as $0.6800 with its current move.
Stellar (XLM) Could See a Major Price Surge in 2024
Stellar (XLM) is one of the top altcoins that has been growing under the radar. In the recent market rally, the price of XLM increased past the $0.110 resistance, following a 5% price increase on the weekly chart.
According to the top crypto analyst, EGRAG CRYPTO, the Stellar coin is now overdue for a major resurgence. He explained that XLM did not form a new all-time high in the previous bull market, setting up Stellar for a bigger move in the 2024 bull market.
Based on the analysis shared, EGRAG forecasts that the altcoin price could form an ATH at $5 in 2024. This represents an incredible increase of over 4,400%, outpacing Ripple. However, there is one coin that could see bigger gains.
KangaMoon (KANG) is Poised for Parabolic Rise
KangaMoon (KANG) has been one of the most talked about cryptos in the market over the past few weeks. KangaMoon is a DeFi project that has set out to create a Social-Fi ecosystem with the aim of bringing all meme coin enthusiasts under one umbrella.
Additionally, KangaMoon’s Social-Fi framework will help to promote active community engagement. Those who participate will be rewarded with KANG tokens for their involvement. Meanwhile, KangaMoon has a native token called KANG that will serve multiple purposes in the ecosystem.
The KangaMoon team has announced plans to launch a number of new features in the future, including an NFT marketplace, a rewarding play-to-earn game, unique NFT collections, and a metaverse platform, which will increase the app’s appeal.
In terms of security, the DeFi project has taken stringent procedures, including having SOLIDProof audit its smart contracts. The goal is to provide a secure environment for the meme coin community. While the coin is now priced at $0.005, crypto experts predict increases of more than 100x during the 2024 bull market.
Final Thoughts
While the top altcoins, Ripple and Stellar, are expected to witness significant growth in 2024, KangaMoon appears likely to exceed them. This has fueled the current KANG accumulating spree. While we are still just beginning the bull market, investors have a great opportunity to join a potential blue-chip project.
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Website: https://Kangamoon.com/
