The SEC has acknowledged the 19b-4 filing surrounding the Hashdex Nasdaq Crypto Index U.S. ETF. If approved by early March 2025, it will notably include both Bitcoin and Ethereum within the portfolio, and this could send ripples across the broader altcoin market. Out of the many cryptocurrencies available, Uniswap (UNI), Ripple (XRP) and KangaMoon are set to benefit the most, and today, we will explore their on-chart metrics to see why this will be the case.
Uniswap Price Dips: Is Recovery Possible?
Uniswap (UNI) has been heading downwards in value according to the recent chart metrics, as it has fallen in value by 5% within the seven-day time-frame. Through this time however, the Uniswap price did almost pass $10, as its value fluctuated between $8.80 and $9.60. Now, for the Uniswap crypto to surpass the $10 resistance, it needs to regain bullishness, and according to the RSI data, this is a possibility. According to the Uniswap price prediction, the crypto can end Q4 of 2024 at $12.39.
Ripple Price at an Uptrend: What Can Traders Expect?
Ripple (XRP) has gone up in value in the past week. From the lowest point of value at $0.466, the overall Ripple crypto price has risen to $0.4871, and now, $0.50 marks the next major price barrier that it needs to surpass in order to reach new heights. The Ripple price is now bullish, and supported by the MACD data. As a result, according to the Ripple price prediction, it can end 2024 at $0.6789.
KangaMoon Raises Over $8 Million – Can It Climb 100x Soon?
KangaMoon (KANG) successfully concluded its presale, exceeding initial projections by raising over $8 million. This impressive fundraising demonstrates strong investor interest and underscores their confidence in the project’s long-term potential. Early adopters experienced significant returns on investment (ROI), with the token price appreciating by 400% from $0.005 to $0.025 during the presale period.
The platform also features a dedicated P2E game, which will launch soon and enables players to build, and battle their own characters while unlocking rewards. Over 32,000 users have signed up for the platform, demonstrating significant early excitement and potential for growth. Additionally, KangaMoon has recently launched staking capabilities, allowing holders to utilize their tokens for further capital gains. KangaMoon currently is listed on CoinGecko and CoinMarketCap, with established partnerships on prominent exchanges like Uniswap and BitMart.
These existing listings, coupled with potential future listings on major centralized exchanges (CEXs), offer an attractive entry point for new investors who missed the presale. While future projections suggest a potential 100x price increase at launch, it is crucial to note that cryptocurrency investments are inherently volatile.
However, KangaMoon’s ability to reach a market capitalization exceeding $100 million underscores its potential. Analysts project a possible market cap exceeding $1 billion by the end of the year, making KangaMoon a potentially lucrative investment for those interested in the Play-to-Earn and Social-Fi space.
Leaping Ahead With XRP, UNI and KangaMoon in 2024
The SEC’s latest move could affect the altcoin space significantly. While Uniswap is down, the Ripple crypto has begun climbing in value, yet, the most significant gains can be made with KangaMoon. With its bullish momentum and major appeal, it can dominate the charts in 2024 and beyond.
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