Cream Rising To The Top As Bitmart Announces KANG Listing, XRP and Arbitrum Set To Ascend In Crypto Boom

The post Cream Rising To The Top As Bitmart Announces KANG Listing, XRP and Arbitrum Set To Ascend In Crypto Boom appeared first on Coinpedia Fintech News

Amid the rise in the number of memecoins, KangaMoon stands out with its SocialFi component and groundbreaking innovations. Meanwhile, Cream rises decently to the top amid its positive price prediction while both Ripple and Arbitrum see an increase in their trading volumes while they pose for an ascension in the crypto boom. Nonetheless, BitMart has announced that KANG will be listed soon and experts predict the token to skyrocket after the listing. Let’s find out more.

Cream Price Prediction

A recent price estimate for Cream indicates that by June 15, 2024, the price of Cream will have decreased by 7.16%. It’s interesting to note that the Cream price volatility for the last 30 days was 17.15%. The Cream price prediction indicates that this is not a good time to purchase Cream as the price could still drop further to lower levels. Going forward, the yearly low price projection for Cream in 2025 is $0.00005839. 

This estimate is based on the price movements of Cream in the past and the BTC halving cycles. It is anticipated that the cost of Cream will soar to $0.00006299 in the upcoming year. As of right now, the range of the Cream price estimate for 2025 is $0.00005839 on the low end and $0.00006299 on the high end.

Ripple Price Analysis Amid SEC Case

The Ripple price has struggled to stay above $0.51 despite the current spike in the crypto market, which was sparked by Bitcoin’s ascent above $66,000. With Bitcoin leading the way, significant altcoins also witnessed an increase in momentum. Analysts predict that Ripple and other altcoins may continue to enjoy good growth if Bitcoin moves towards $70,000. Meanwhile, the 24-hour Ripple trading volume rose significantly by over 13% to reach $1.2 billion.

For Ripple and its ongoing legal dispute with the Securities and Exchange Commission (SEC), the last few months have been crucial. In the resolution process, both parties have asked for some documents to be sealed. The legal team for Ripple highlighted how important sealing is, especially at this point. Though there may still be disagreements about some of the substance, the SEC has partially granted Ripple’s request.

Arbitrum Trading Volume Rises Moderately Amid Increase In Addresses 

May saw an all-time high for Arbitrum (ARB) addresses as a result of a surge in new users utilizing the platform’s DeFi and NFT offers. During the most recent rise, Arbitrum recovered more quickly because of the peak activity announcement. The Ethereum smart contract for messages and activities between L1 and L2 addresses can be executed more quickly and clearly over the Arbitrum network, which is currently rated as one of the best Layer 2 options. 

Meanwhile, the Arbitrum trading volume increased only moderately today while the Arbitrum price dropped by about 15% within the last 30 days. Having dropped by about 6% within the last 7 days, the Arbitrum price currently stands at $0.9695 although holders of the token maintain optimism.

KangaMoon (KANG) Is One Of The Best Meme Coins To Invest In

In the midst of this meme coin craze, KangaMoon (KANG) has gained greater public recognition thanks to its presale performance. By the end of May 2024, it’s on the path to hitting $8 million, having already closed up to $7 million already. Furthermore, there are currently more than 32,000 community members and more than 6,000 KANG holders.

The main objective of KangaMoon is for people to have fun and earn within the Play-to-Earn (P2E) gaming market, which is projected to reach $8856 million by 2028. The team plans to create a play-to-earn (P2E) game where players may level up their characters and buy products with KANG. Since this evolution will truly be helpful, KANG will benefit more than 99 per cent of other hype-driven memecoins.

What sets KangaMoon apart from other projects is its SocialFi component. Stated differently, KangaMoon is giving out free KANG before its launch, contingent on consumers’ level of participation on its social media platforms, which comprise X and Telegram. Consequently, a tonne of people are flooding KangaMoon’s social media posts with likes and shares.

During the bonus stage of its presale, each KANG is currently worth $0.025—400% more than its initial pricing of $0.005. However, analysts believe that after KANG is listed on a Tier-1 CEX, such as BitMart which has already announced KANG’s upcoming listing, it might increase 100x. This could only be the beginning. KANG is one of the best meme coins to invest in as crypto enthusiasts are excited about its potential massive surge soon.

Can KangaMoon Outshine Cream, Ripple and Arbitrum?

The fact that KangaMoon’s market capitalization is still relatively small makes it less expensive to pump the price of the token. KANG can surpass Cream, Ripple and Arbitrum despite the increase in Ripple trading volume, the bullish prediction for Cream and the increase in new addresses for Arbitrum. This is possible because of KANG’s modest market size which makes it a promising meme coin.