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NEAR Protocol gains as KangaMoon approaches presale close

NEAR Protocol gains as KangaMoon approaches presale close

  • NEAR Protocol (NEAR) price jumped more than 7% to be among top gainers as Bitcoin (BTC) looked to hold above $63k.
  • KangaMoon (KANG) presale reached over $4.9 million amid increased attention in the final stage.
  • The project combines meme culture with GameFi and SocialFi and could be a dominant player in the space.

NEAR Protocol (NEAR) is among top gainers in the market today as the market buzz around Bitcoin’s upcoming halving intensifies. But what’s the price outlook for NEAR as BTC holds near key level and what does it mean for new token KangaMoon (KANG).

KangaMoon records increased interest from investors

KangaMoon seeks to stand out among new crypto projects by combining play-to-earn gaming and socialFi.

This project is community-driven, an approach that also taps into a meme-inspired environment where one can play, interact and earn the native KANG token among other exclusive rewards. 

KangaMoon also provides for an opportunity for token holders to access rare NFTs, opening up further opportunities for gamers. These will come via the “Kangaverse” ecosystem, where holding KANG offers exclusive games and rewards.

Ahead of the project’s official launch, KANG tokens are available in presale.

NEAR price prediction amid AI token’s surge

NEAR Protocol price surged by more than 7% on Wednesday as NEAR token defied overall negative sentiment across altcoins.

The gains have pushed NEAR above the key price level of $5.00, which could act as a major support level after the bounce from weekly lows of $4.58.

NEAR Protocol’s price surge in the past 24 hours comes amid fresh sentiment around the project as decentralized AI and Web3 take center stage at is TOKEN2049 Dubai. There’s also a lot of positives related to NEAR’s collaboration with Sweat Economy to drive the next chapter of Web3 adoption.

With increased traction coming into view as AI and Web3 align, its likely NEAR Protocol could see a strong performance in the market in coming months. This outlook suggests a return to highs of $8.80 reached in March 2024 could bring the psychological $10 into play in the short term.

On the downside, a break below $5.00 could offer a re-entry level around $4.25. December 2023 lows of $3 could be a buffer if there’s a bearish flip.

KangaMoon price prediction

Per the KangaMoon whitepaper, the total supply of KANG is 1 billion tokens, 600…

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