Analysts monitoring Cardano, Chainlink, and KangaMoon for gains



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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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