Ripple to Issue USD-Backed Stablecoin, NEAR Protocol and KangaMoon Continue Stunning Growth
New York
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April 10, 2024 08:08 AM Central Daylight Time
Ripple announces stablecoin market entry and the price of XRP can reach $1.30 by Q4, 2024
NEAR Protocol rises 266.5% and can rise to $10.48 by the end of 2024
KangaMoon raises over $4.4 million and can spike 100x following its complete launch
Ripple (XRP) has seen an increased level of interest as the company Ripple, a leading provider for blockchain-based and crypto solutions for enterprises, has announced plans for the launch of a stablecoin backed by the U.S. dollar, marking its entry into a $154.7 billion stablecoin market.
Alongside it, NEAR Protocol (NEAR) has exploded in value 266.5% year-to-date (YTD) and could soon reach new heights. However, the most gains were made by KangaMoon (KANG) which is up 290%, and at this rate could surge further up. To see which is the top crypto to buy, we will go over their on-chart metrics.
Ripple (XRP) to Grow to $1.30 Following Latest Stablecoin Market Entry Announcement
Ripple (XRP) has experienced an upwards trend as its year-to-date (YTD) climb has been by 20.4%. However, it is yet to achieve significant gains, and these will come during 2024 following the latest announcement that the Ripple company will be entering the $154.7 billion stablecoin market.
According to the official blog post, this will be a stablecoin which will be 100% backed by USD deposits, alongside short-term US government treasuries and even other cash equivalents. The stablecoin will be available on the XRP Ledger. However, they will also make it a part of the Ethereum blockchain, however, there are plans to expand to additional blockchains and decentralized finance (DeFi) protocols.
The Ripple price has moved between $0.56 to $0.61 during the past week, and at this rate could reach new heights. However, the Ripple crypto will first need to gain additional investor and whale attention in order to spike in value. Based on the Ripple price prediction however, it can end 2024 at $1.30.
NEAR Protocol (NEAR) Grows 266.5% YTD – Price to Reach $10.48
NEAR Protocol (NEAR) has experienced much further gains as its year-to-date (YTD) climb was by 266.5% in the past year. Moreover, during the past month, the NEAR Protocol price has gone up 19.1%, and in the past week it moved up by 10%.
During this time-frame, the NEAR Protocol crypto went up from $6.16 to $7.53, and could soon break even above the $8 price barrier. If it does so, it is set to reach new heights as according to the NEAR Protocol price prediction, it can spike to $10.48 by Q4, 2024.
KangaMoon (KANG) to Grow 100x Following Its Launch
KangaMoon (KANG) is an upcoming project that will introduce Social-Fi elements and a community-driven approach, alongside Play-to-Earn (P2E) features. With its current rate of growth, it managed to spike 280%, as it moved from $0.005 to $0.0196. In addition, its raised $4,463,830.183 and could soon break above $5 million raised.
On top of this platform, anyone can earn KANG tokens or NFTs by engaging with their KangaMoon characters. They can battle other players, complete tournaments, or even spectate and place bets on fights.
Another major part of its ecosystem is the marketplace in which anyone can buy, sell or trade NFTs. Analysts are now bullish on the future of KangaMoon and project a 100x price increase following its full launch, as it is now at Stage 5 of its blockchain ICO. These aspects position it as the best crypto to invest in now.
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