Top market analyst Crypto Tony gave a sensational insight into the direction of Fantom (FTM) and Injective (INJ), exploring their potential to turn green soon. In this article, we analyzed Tony’s exciting insight, drawing investors to the potential of these tokens. In the meantime, KangaMoon (KANG) has emerged as one of the top meme coins to invest in amidst the changing market dynamics. More details below.
Crypto Tony Believes $19 Is a Good Entry Point For Injective
For investors who may be looking for Injective to dip further before jumping in, popular crypto analyst Crypto Tony believes the token good entry point could be anywhere above the $19 mark. Tony remarked on his X post, detailing the key insights that can trigger Injective momentum.
Tony noticed that the Injective token has built a base above the $19 threshold, which means the token is unlikely to dip further than that before it starts to pick up again. He advised holders not to rush to change their position and believed that the token could challenge the $30 threshold before the end of the month.
Analyst Pegs Fantom (FTM) Entry Barrier at $0.65
Earlier in the month, Crypto Tony also provided a powerful insight for investors looking at Fantom token (FTM). Although the token price has dropped by 20% in the past week to stand at $0.7, Tony believes the token could dip further, providing an opportunity for investors to come in.
However, Tony advised investors to be careful as a good entry point for Fantom is $0.65. He believed that the token can’t get lower than this before it shoots up again in the bull market, where it is expected to rise to $5.
Investors Accumulate KangaMoon (KANG), Analysts Provide Reasons
While Crypto Tony has provided insightful analysis on the Fantom and Injective momentum, KangaMoon is enjoying massive attention in the meme coin market. The project has already raised over $5M in presale, registered more than 20k participants, and currently has more than 6k holders, justifying its wide acceptance across the meme coin market.
Analysts observed KangaMoon’s trajectory and concluded that investors are purchasing the token for 5 reasons. One is KangaMoon utility which incorporates GameFi and SocialFi functionalities. Two, the KangaMoon rewards system where gamers earn through intense competition also gives spectators a way to earn through betting and predictions.
KangaMoon ROI is the third reason investors are accumulating the token. The KANG token has returned a 290% ROI for early adopters, with the price value moving from $0.005 to $0.0196. Investors are also moved by KangaMoon’s potential, with its ability to become one of the best new meme coins to tap into the $200B NFT market, which looks promising.
Lastly, investors’ interest in KangaMoon also stemmed from its expected price jump soon. The token will be on major exchanges in the second quarter of 2024 and analysts project that the price may skyrocket to $0.5 by then. For these reasons, analysts also project KangaMoon to raise $7M in presale before its listing, making it one of the top meme coins to invest
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