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Investors turn to Bitget Token (BGB) and Kangamoon (KANG) as crypto market bleeds

2M ago
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Bitget Token (BGB)

As the cryptocurrency market experiences a downturn, investors are seeking refuge in tokens that show resilience amidst the turmoil. Two such tokens that have caught the attention of investors are Bitget Token (BGB) and Kangamoon (KANG), each offering unique value propositions and growth opportunities.

The two tokens are attracting investors’ attention as a majority of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) decline.

Bitget Token (BGB) emerges as today’s top gainer

Amid today’s market downturn, Bitget Token (BGB), the native token of the Bitget crypto exchange, has emerged as today’s top gainer on CoinMarketCap. At press time, the token was trading at $1.30, up 9.25% in the past 24 hours.

Trading within an ascending parallel channel since October 2023, BGB has demonstrated remarkable resilience against the bearish sentiment prevailing in the broader market.

Bitget Token price chart

Despite attempts by bears to suppress the rally, the recent flip from the average levels of the channel has instilled hope for a bullish reversal.

With an impressive influx of liquidity favouring the bulls, Bitget Token (BGB) is currently printing its third consecutive bullish candle.

The MACD indicator is on the verge of flashing a buy signal, indicating a potential healthy upswing in price. Analysts believe that BGB may retest the highs at $1.38 and could even reach $1.5 by the end of the month, making it an attractive option for investors seeking gains amidst market volatility.

Kangamoon (KANG) enters the spotlight with its presale

As the Bitget Token price soars, another altcoin, Kangamoon (KANG), has garnered attention for its innovative approach to gaming and rewards.

Positioned as the next top meme coin, Kangamoon aims to build a strong community of meme enthusiasts while integrating SocialFi and Play-to-Earn elements. The native token, $KANG, is currently in the presale stage, offering investors an opportunity to participate in its early growth phase.

Since the launch of the presale, Kangamoon has seen significant traction, with the presale witnessing an influx of participants eager to acquire $KANG tokens. At press time, the poresale had raised a total of $4,934,192.856 with only 35.7% of the presale tokens sold.

With 64.3% of the presale tokens up for grabs and a presale price of $0.0196 per token, invetsors could have an opportunity in the meme coin.

With its vibrant community and promising roadmap, Kangamoon presents an enticing investment opportunity for those looking to capitalize on the convergence of gaming and cryptocurrency.

Are Bitget Token and Kangamoon good investments?

Amidst the market turbulence, investors are weighing the potential of Bitget Token (BGB) and Kangamoon (KANG) as viable investment options.

Both tokens offer unique value propositions and opportunities for growth, making them attractive choices for investors seeking to diversify their portfolios.

While Bitget Token (BGB) has demonstrated resilience and bullish momentum, Kangamoon (KANG) presents an innovative concept that taps into the burgeoning market for gaming and rewards.

However, as with any investment, it’s essential for investors to conduct thorough research, assess risk factors, and consider their investment objectives before making any decisions.

The post Investors turn to Bitget Token (BGB) and Kangamoon (KANG) as crypto market bleeds appeared first on Invezz

2M ago
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bearish:

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