Amid the ongoing battles with the United States Securities and Exchange Commission, the court has ruled that sales of Binance Coin are not classified as securities. The ruling comes as crypto reputation continues to create ripples in the market. Meanwhile, VeChain is showing signs of a rebound after the latest launch of the VeBetterDAO mainnet. In another development, KangaMoon’s price has hit the roof within a few days of launching, with over 160% gains in 48 hours, triggering a massive buying frenzy.
KangaMoon Goes Live in Uniswap and BitMart As Whales Accumulate
KangaMoon, the popular Play2Earn gaming platform, has hit exchanges, with Uniswap and BitMart among the two major exchanges that have listed the token. This came a few days after the two major crypto data aggregator websites, CoinMarketCap and Coingecko, listed the token.
According to data from CoinMarketCap, the KangaMoon price has surged by over 150% in the past few days, moving from $0.05 to an ATH of $0.15. That’s over a 150% rally for those that bought the crypto in the past few days. Also, the KangaMoon market cap has grown from less than $10M to over $90M in the past few days, as analysts anticipate $500M in July.
At the current pace, KangaMoon’s price might hit $1 before the end of 2024, making it one of the crypto projects not to overlook at the moment. Notably, the ecosystem is community-driven, with various avenues to earn. The KangaMoon staking dApp is live, giving users the opportunity to stake their tokens for massive returns.
In the coming days, KangaMoon will launch the gaming platform, allowing users to engage in immersive gaming adventures for returns. The ecosystem is designed to reward users for participating in simple tasks. Notable crypto analysts back it for 20x rallies in 2024. With more listings on the way, KANG’s price might hit the projected $1 sooner than anticipated.
Court Dismisses SEC Case on Binance Coin
Binance, the world’s largest crypto exchange with millions of users, has secured a landmark victory in its ongoing case with the US SEC. In a ruling in the US District Court of Columbia, Judge Amy Berman Jackson dismissed several charges the SEC brought against Binance.
The court found that the SEC argument lacks merit. As such, the sale of Binance Coins is not classified as securities. Meanwhile, the BNB price reacted positively to the news, with the BNB trading volume on the uptrend. Although the BNB market sentiment is bearish, analysts project a retest of the $720 ATH in the coming weeks.
VeChain Price Prediction – Is VET About To Witness a Rebound?
VeChain, a smart contract compactible blockchain designed to enhance the supply chain and improve the adoption of blockchain technology, is showing signs of a rebound. Meanwhile, the VeBetterDAO mainnet is live, and those who participate in the first mainnet voting earn rewards for helping shape the future of the ecosystem.
Market data shows that VeChain trading volume is on the uptrend as holders anticipate a rebound in the coming days. However, the VeChain market sentiment is bearish, with the coin trading below the 50-day and 200-day EMAs. Even at that, analysts are optimistic of a rally as more people embrace the new dApp.
Which of the Cryptos To Buy Now?
Both Binance Coin and VeChain are promising cryptos. With the latest ruling, BNB price will likely head to the moon soon, while the new dApp will likely attract more users to the VeChain ecosystem. However, the adoption of KangaMoon by top exchanges can shoot the price to over $1 in a short time, giving massive ROI in the process.
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