Crypto market recovery: Delve into Cardano, Ethena, and KangaMoon for potential ROI

Recent developments draw attention to Ethena and Cardano, while KangaMoon attracts traders with its fundraising and growth prospects.

Ethena (ETA) has recently expanded its offering, as Karak Network recently introduced USDe restaking through it. Alongside this, the first three weeks of the OpShin Pioneer Program for Cardano (ADA) were published, which can contribute towards the overall expansion of its ecosystem. 

Both of these altcoins have now received a major level of attention as a result of these updates, but despite this, traders have begun moving their crypto balance around and are now diversifying with KangaMoon (KANG), which has already raised over $6.4 million and can soon reach new heights. We will look in-depth at each altcoin to determine how far they can rise. 

Ethena partners with Karak Network for USDe restaking

Ethena has seen a major influx of interest from new investors due to its recent developments on-chain. Specifically, Karak Network announced the introduction of USDe restaking with Ethena Labs, and as a result, any USDe user has the opportunity to restake the crypto to earn Karak XP and 20x Ethena Stats up to 100 million of USDe. 

All of this occurred on top of the USDe native staking rewards. As a result, the Ethena crypto could soon experience a significant price uptrend. The Ethena price has already surged 48.2% in a single month, and at this rate has the potential to reach even higher gains. According to the Ethena price prediction, it can end Q4 of 2024 at $1.88, positioning it as one of the altcoins making headway.

Cardano ecosystem to expand as More developers join

Cardano has also displayed bullishness on the charts as its value rose, and has consistently remained above the $0.4 price range during the past few months. Recently, the Cardano crypto regained interest as OpShin released the first three weeks of the OpShin Pioneer Program for Cardano, where anyone can get access to the introduction of writing smart contracts on top of the network. 

As a result, more developers could soon enter its ecosystem and the Cardano price could increase. Based on the Cardano price prediction, it can reach as far as $0.97 by the end of Q4, 2024, making it one of the altcoins making waves in the crypto industry.

KangaMoon exhibits strength and is poised for 5,000% growth

KangaMoon (KANG) has gained a lot of appeal from traders with its vast ecosystem, as it comprises elements of Social-Fi, a community-driven approach, and even Play-to-Earn (P2E) features, all of which have contributed towards 20,000 users already signing up for its ecosystem.

Moreover, within its P2E world, players take control of a KangaMoon character. By doing so, they can battle other players or engage in tournaments. This way, they can essentially get rewarded in the form of KANG tokens or NFTs. Based on the activity, it can reach $7 million raised by the end of the month. 

The interest garnered by KANG has also resulted in a 290% price increase as the KANG token moved from $0.005 to $0.0196. According to the KangaMoon price prediction, it can end 2024 with a 5,000% price increase.

Summary

It’s clear that investors and traders are paying attention to not only Cardano but also Ethena. However, KangaMoon is expected to achieve higher gains. With its recent on-chart performance and overall appeal, it is poised to see growth in 2024 and beyond.For more information about KangaMoon, visit the official website or join the Telegram community.