MATIC and XRP Prices Set to Bounce Back, Hot New Memecoin Set To Take Centre Stage

The post MATIC and XRP Prices Set to Bounce Back, Hot New Memecoin Set To Take Centre Stage appeared first on Coinpedia Fintech News

After a few weeks of turbulence, sell-offs, and price decline, the cryptocurrency market is showing signs of a rebound. Two top altcoins expected to experience a significant bounce in price amidst the market recovery are Polygon (MATIC) and Ripple (XRP).

Meanwhile, a hot new memecoin has turned heads in the crypto space because of its unique proposition. KangaMoon (KANG) has been poised to take centre stage in the memecoin season of 2024. Let’s find out why.

Polygon (MATIC) Set for Bounce To $1.2 Ahead of Major Upgrade

Polygon Labs has announced its plans for version 2 of its network. The Polygon aggregating layer, or “AggLayer,” will be introduced in February. This is considered a major upgrade as it will address the issue of fragmented liquidity and scalability.

The upgrade will also focus on unifying liquidity on the Polygon network. AggLayer will allow developers on the Polygon network to connect blockchains with zero knowledge proofs, leveraging Ethereum for settlement.

This upgrade is pivotal to the future of Polygon and has already been met with bullish sentiment. MATIC has broken out of a long-term bearish pattern as the upgrade approaches. Ahead of the upgrade, MATIC has a price target of $1.2, which is above its current range of $0.800.

Ripple (XRP) Price To Experience a Price Jump Soon

Despite being one of the top altcoins, Ripple (XRP) has underperformed the rest of the crypto market. Since the beginning of 2024, the price of the Ripple coin has declined by more than 16%. As a result, XRP has dropped to the $0.5200 trading range.

Despite its current poor performance, top analyst EGRAG Crypto has remained bullish about the Ripple coin. EGRAG has reiterated the “XRP Giant Cup” pattern which was identified in November. If this pattern holds, the price of Ripple coin rally to the $1.2 range in the coming weeks. In the future, he projects a more substantial rally for Ripple.

KangaMoon (KANG) To Take Centre Stage in 2024

Apart from Polygon and Ripple, a new meme coin, KangaMoon (KANG), has been making waves in the cryptocurrency market. The meme coin has gained a lot of attention due to its bullish potential in 2024.

KangaMoon has gained attention for creating an ecosystem where memecoin enthusiasts can interact with each other and earn. It represents an exciting opportunity for memecoin lovers to be involved in a community-driven cryptocurrency with significant growth potential in 2024.

Another intriguing aspect of this memecoin is that you can earn by participating in games on the platform. KangaMoon lets players earn digital assets and some of the coolest NFTs by participating in various events. These include tournaments, competitions, special events, quests, and matches.

With its current growth rate, KangaMoon has been predicted to emerge as one of the leaders in the 2024 bull market. Now in its early presale stage, analysts have forecasted a 50x price surge for KangaMoon. This is why KANG has been ranked among the best altcoins to buy ahead of the 2024 bull market.

Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!

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