Nvidia’s record profits signal potential impact on Cryptos Render and KangaMoon

Reports of Nvidia’s record earnings may have a positive impact on the prices of Render and KangaMoon cryptocurrencies.

With Nvidia recently announcing significant record profits for the company, AI tokens like Render could benefit from Nvidia’s success. Moreover, even KangaMoon, which has attracted investor attention for its unique take on GameFi, could see further gains as a result. Let’s find out more.

Nvidia’s success could revitalize Render Network

Among the AI ​​tokens that have started to increase in value over the past few weeks is the Render coin. The price of Render coin has increased by over 12% in the last 30 days as investor confidence returns. Render’s market capitalization also shows a similar trend, which is currently expected to exceed $4 billion. The next resistance level for Render price at $11.3 is the battle area for Render to overcome.

Analysts predict that a market correction may occur soon, potentially hindering the increase in Render’s price; predict that the Render coin will overcome resistance. Meanwhile, investors hoping to capitalize on Nvidia’s success may also target the Render Network as it can raise more funds as part of a larger plan to invest in GPU and AI-based technologies as it is in the same technology ecosystem as Nvidia.

KangaMoon looks promising for investors

KangaMoon (KANG) stands out from the other 99% of memecoins because of the utility it offers. Moreover, users can use this memecoin to purchase in-game items and character upgrades. The emphasis on community development sets KangaMoon apart from the competition. Prior to the official launch, actively engaged community members receive free KANG.

More than 32,000 registered users have already benefited from this factor and interact with this memecoin content on social media. With a price of just $0.025, KangaMoon is currently in its pre-order bonus phase. This represents a 400% increase over the original offer of $0.005. Additionally, memecoin has already raised approximately $7 million in revenue, and is expected to exceed $7.5 million by the end of May 2024.

Market analysts predict a 100-fold increase in KANG’s price by the second quarter of 2024 as a result of BitMart’s listing on the Tier-1 CEX exchange. Meanwhile, both CoinMarketCap and CoinGecko have already listed the KANG token. According to Yahoo Finance, the P2E gaming market will reach $88.6 billion by 2028.

Even if early investors manage to secure only a small portion of this market share, KangaMoon’s ability to bridge the gap between cryptocurrency and gaming could result in significant returns.

KangaMoon is attracting attention from other cryptocurrency communities

While other crypto communities’ asset prices fluctuate, KangaMoon continues to grow. It is currently one of the promising memecoins worth investing in as experts predict the exponential growth of this coin, which may rise to $1 once launched on BitMart, ranking high among memecoins.

To know more, visit the Kangamoon website or join the Telegram community.