Analysts monitoring Cardano, Chainlink, and KangaMoon for gains

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The crypto market started 2024 strongly. With experts bullish, investors are exploring Cardano (ADA), Chainlink (LINK), and KangaMoon (KANG).

Cardano’s on-chain activity grows

According to Cardano Blockchain Insights, the number of smart contracts deployed rose from 6,296 to 18,670 in 2024.

 A similar trend was observed with the Timelock script, which increased from 115,469 to 118,364. 

Despite the increase in network activity, ADA is down by 18% since the start of 2024. 

Nonetheless, experts remain bullish on ADA.

Will Chainlink rally in 2024?

Chainlink rose by almost 200% in 2023. Many experts say this will continue in 2024. 

Only 14.87% of the total LINK supply is held on exchanges, the lowest since 2020. 

A crypto analyst notes that LINK has strong demand between $14.8 and $15.2. 

Any retracement to this level might be the base for a rally to $20.

KangaMoon set for gains in 2024

KangaMoon, a meme coin, might float higher in 2024.

The platform aims to become the leading meme coin by implementing a superior tokenomics model. 

KangaMoon has 1 billion as a fixed supply. 

Additionally, the team has integrated a deflationary model. 

KangaMoon plans to launch other exciting projects as the community grows, including a play-to-earn (P2E) game. 

Experts back KANG to rally in 2024.

Closing thoughts

Investors are watching Cardano, Chainlink, and KangaMoon, expecting growth in 2024. 

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