With the bear market currently in full swing, investors are constantly on the lookout for tokens that will return profit in the short and long term. Based on their increasing market activity, experts foresee a bull run for XRP (XRP), Axie Infinity (AXS) and Kangamoon (KANG) before the end of September. Let’s explore the three tokens and see why they will likely rally in the next few weeks.
XRP (XRP) Sets for Bullish Surge After SEC Advantage
XRP has amassed a partial victory over SEC, fueling speculation of an out-of-court settlement. The open-source blockchain has been locked in a battle with the SEC for months, with the price value getting affected. Now that there is a respite, experts believe it is only a matter of time before the XRP token price witnesses massive growth.
Additionally, XRP has become the top traded altcoin on US-based cryptocurrency exchanges, topping the likes of Solana and Litecoin. With the coming Bitcoin ETF decision expected to affect the price of many tokens, analysts believe XRP will recover to stabilize above the $0.5 threshold.
Axie Infinity – A Candidate for Potential Bull Surge
Axie Infinity (AXS) is a popular metaverse platform where players can collect, breed, and trade Axie-like creatures. Axie Infinity has been battling the bear pressure occasioned by the decline of its player base from 2.7 million in January to 384,000 in August. However, the AXS token has rebounded in recent weeks with slight improvement against the bear trends.
This has raised the question of the long-term profitability of the Axie Infinity token. However, crypto analysis platforms like Bitnation remain bullish on the prospect of the token. With the Axie team just getting it’s pre-beta homeland update which will feature opportunities for players to create and develop more creatures, analysts believe this will attract more players and elevate the Axie Infinity platform’s player base.
Kangamoon (KANG) – A New Gem in the Memecoin World
While XRP and Axie Infinity are poised for a bullish surge, Kangamoon (KANG) is fast becoming a rising star in the memecoin world. With the idea of merging blockchain technology with play-to-earn gaming, Kangamoon intends to create an immersive gaming experience for players.
With Kangamoon, players can engage in boxing duels by leveraging the power of the Kangaroo – an animal with a thirst for boxing.Players can also create characters, compete with their peers, earn rewards by winning matches, and trade their assets within the platform marketplace. In terms of security, the Kangamoon smart contract has been audited by SolidProof.
Users can become part of the platform by purchasing the Kangamoon utility token KANG which is sold for $0.005. With only 60% of the total supply allocated for presale, analysts have high hopes for the long-term profitability of Kangamoon.
With the play-to-earn gaming industry projected to have a growth rate of 17.93% by 2028, Kangamoon represents the best pathway to stake a claim in the industry. As a result, analysts predict that the KANG token price could rise by 220% by the completion of presale and 350% when the token is launched on major exchanges.
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