Robinhood\'s Exploration of Cryptocurrency Futures Trading Set to Impact Altcoins Like Dogecoin, Bonk, and KangaMoon

Robinhood has begun exploring the potential launch of cryptocurrency futures trading in the United States and European markets.

Robinhood is reportedly exploring the launch of cryptocurrency futures trading in the United States and European markets. While there is no official date yet as to when they will launch, this move has already begun to affect the altcoin space.

Some of the altcoins that could potentially surge the most as a result include Dogecoin (DOGE), Bonk (BONK) and KangaMoon. To see why this is the case, we will go over their on-chart metrics individually.

DOGE dips 5% but can recover fueled by market enthusiasm

Dogecoin (DOGE) has experienced a price downtrend on the weekly chart, dipping by 5%. During this time-frame, the Dogecoin price did reach its highest level at $0.1274, however, its lowest point was at $0.1196.

Now, it needs to surpass the major $0.13 price barrier, which will fuel Dogecoin crypto growth in 2024 and beyond. As a result, sentiment is bullish, and according to the Dogecoin price prediction, it can end 2024 at $0.1643.

Bonk rises 10% and can reach a new annual high

Bonk (BONK) has surpassed expectations and has risen 10% on the two-week chart, fueled by enthusiasm on the future of memecoins. During the span of just the past week, the Bonk price moved up from a low point of $0.00002161 to a maximum price of $0.0000267, and at this rate, has the potential to see even further gains.

The Bonk crypto is also displaying bullish RSI and MACD data, both of which can fuel further growth. According to the Bonk price prediction, it can end the year at a maximum value of $0.000030.

KangaMoon to defy expectations and spike in 2024

KangaMoon (KANG) is emerging as a disruptive force within the web3 landscape thanks to its unique fusion of Social-Fi functionalities and a captivating Play-to-Earn (P2E) game. This harmonious integration is poised to redefine the frontiers of user engagement within the cryptocurrency realm.

Highlighting the essence of P2E, KangaMoon is designed to empower each player with the ability to monetize their playtime within the game’s immersive environment. This innovative approach fosters a sense of belonging and community, laying the foundation for exponential growth upon the game’s official release.

The platform further enhances user engagement through the strategic integration of Social-Fi features, rewarding active community members with complimentary tokens and fostering a dynamic online environment.

This focus on community building is likely a contributing factor to the impressive growth, with over 32,000 users already actively participating. To further enhance user utility, KangaMoon recently launched a staking program, empowering users to leverage their KANG holdings for additional capital gains.

The token boasts trackability on prominent platforms like CoinGecko and CoinMarketCap, with listings on major exchanges including Uniswap and BitMart. Moreover, the KangaMoon token has already experienced a 1,900% appreciation since its initial offering price.

Financial analysts remain bullish on KangaMoon's long-term prospects, projecting a potential for a further 100x increase in value. The project recently surpassed a $100 million market capitalization, marking a significant milestone in its growth trajectory.

As the year progresses, projections suggest the possibility of KangaMoon attaining a market cap in the billions. This anticipated growth is attracting attention among investors and traders, who are closely monitoring KangaMoon's performance.

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