Cryptocurrency market update: The winners and losers this April
The month of April has been quite eventful for the altcoin market, with traction increasing at an alarming speed. Tokens like Gala (GALA) have gained tremendously in the past month, attracting numerous traders and enthusiasts to its network. Although recovering in the last week, Kucoin (KCS) suffered a major drop in the last month. Meanwhile, new entrant KangaMoon (KANG) has exceeded presale targets while rewarding early buyers with a significant increase in profits. Let’s delve into the circumstances surrounding April’s top winners and losers.KangaMoon (KANG) announces new partnership as it prepares for $6M presale milestone
In terms of winning, KangaMoon (KANG) has surpassed expectations, recording exceptional milestones since its emergence in the cryptocurrency market as a presale token. With a unique platform consisting of elements of both SocialFi and GameFi’s Play-to-Earn, KangaMoon aims to create a befitting environment for traders and gamers to earn and enjoy the features of the immersive gaming ecosystem.Leveraging a unique blend of SocialFi and GameFi’s Play-to-Earn mechanism, KangaMoon introduces an immersive ecosystem dubbed “Kangaverse” where users can engage themselves in battle-themed contests and periodic challenges. Here, participants can win different rewards, including the native KANG token and other high-value in-game collectibles, all of which can be traded on a dedicated marketplace.
Since the start of its presale phase, KangaMoon has attracted widespread attention, with traders and crypto enthusiasts dying for a spot in the token’s network. Although KangaMoon is in the fifth stage of its presale, the token’s network has recorded a whopping $5.8M in presale revenue, a feat worthy of recognition. Likewise, the KANG token has surged from an initial price of $0.005 to $0.0196 in the current stage, guaranteeing early buyers large profits reaching up to 290%.
In a recent development, the KangaMoon network announced a partnership with RaidSharksBot which would create a platform for users to engage in activities to stage a chance to win from a $1000 prize pool. This initiative is set to boost engagement further and encourage community building, with KangaMoon already boasting a community of over 29,000 registered users and no fewer than 6,000 token holders.
Gala (GALA) gains in the Altcoin market with a 29% weekly high
Compared to most tokens in the altcoin market, Gala has seen a tremendous rise in the last week, recording a surge reaching 29%. This sudden movement has been making rounds in the market, attracting the attention of crypto traders and enthusiasts.Now, the Gala ecosystem has witnessed an incredible rise in this trading volume, with adoption and trader interest at an all-time high. Currently trading within a weekly price range between $0.039 and $0.052, analysts are projecting the value of the GALA token to keep soaring in the coming weeks, making it a top altcoin to buy.
KuCoin (KCS) performs below expectations despite a positive year start
KuCoin (KCS) started the year on a good note, gaining a comfortable 27%. Since then, the global exchange platform which is home to the $KCS token has seen an influx of traders and crypto enthusiasts into its network. However, in the last 30 days, the token has witnessed a huge decline in its value, dropping about 28% in the last month.This significant dip saw the token’s value drop significantly. While KuCoin is on its way to recovery after recording a rise of 24% in the last seven days, analysts are predicting a coming resurgence for the KCS token. The KCS token currently trades at a weekly price range between $8.24 and $10.34.
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This story originally appeared on: India Times - Author:Faqs of Insurances
