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As the market correction continues, analysts are beginning to give their opinion on the long-term trajectory of cryptocurrencies. Popular market analyst Ali Martinez envisages a highly bullish move for Filecoin (FIL) while DecodeJar, another crypto analyst, forecasts the long-term growth of Litecoin (LTC) to $2k. In other news, KangaMoon (KANG) is one of the top meme coins to buy now, having raised more than $3M in presale. As the market grows into the bull run, KangaMoon is expected to be the face of the meme coin market.
With a potential upswing for Filecoin and Litecoin, KangaMoon is lightning up as one of the top meme coins to buy. Already, the project has transcended four stages of presale with the token price jumping from $0.005 to $0.014 within a few weeks. With early buyers pocketing over 180% ROI, investors are now massively accumulating the token.
With the creative idea of developing a new meme coin ecosystem where meme coin enthusiasts can interact, KangaMoon is bridging the gap between projects and the community. As a user-centric community, KangaMoon allows gamers to showcase their skills, create fun, and earn massive rewards. Additionally, the platform gives spectators the power to speculate and win prizes.
The platform also allows holders to earn free KANG tokens by commenting on posts and sharing tweets aimed at promoting the project. At the current stage 4 of the presale, there is a 10% bonus for every KANG token purchase. With the presale going to stage 5 soon, now is the best time to join at a cheap price point.
Although a meme coin, KangaMoon's solid utility makes it a perfect token to invest in for short and long-term profits. With an eye on the NFT market which is estimated to be worth a whopping $200B in 2024, KangaMoon presents a great opportunity to join the NFT train. With the meme coin market receiving a significant boost in the coming months, KangaMoon may trade at $1 in 2024.
Top-rated market analyst Ali Martinez has forecasted the growth of Filecoin (FIL) and projects the token to experience a significant boost in the coming months. Ali Martinez observed a TD sequential which has sparked a buy signal for Filecoin which is evident in the 44% jump in the trading volume in the past few days.
With the token currently trading at $9, the top crypto analyst believes that the Filecoin price may need to do more to climb above the 50-day EMA. He opined that if Filecoin surges past this EMA, there could be four daily candlesticks upswing which may propel the price above $10 before the end of the month.
In a surprising yet bold prediction, a crypto market analyst DecodeJar has tipped Litecoin (LTC) to trade at $2k in the coming months. DecodeJar noticed that Litecoin has recently moved out of its key resistance trendline of $88 and could potentially move up to make new highs.
While the prediction may seem outrageous, Litecoin's present momentum is a pointer to the token bullish onslaught. While Litecoin's price may not necessarily reach the heights of $2k, it may zoom to $500 in the foreseeable future.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
