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Bitcoin, KangaMoon and Lido DAO hit new highs, outpacing inflation
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Amid the Ethereum ETF rally, Bitcoin and Lido DAO surged with double-digit gains, while KangaMoon is poised to outperform its peers.
The cryptocurrency market is bullish, as Bitcoin, Lido DAO, and broader altcoins have risen significantly in recent days. The overall positive market sentiments are attributed to the growing wave of Ethereum ETF news. Amid the market surge, KangaMoon is emerging as the next rival to established altcoins. With unique play-to-earn gaming features and socialFi elements, KANG is poised to become a promising crypto coin to invest in.
Bitcoin liquidations surpassed $99 million amid market optimism
After Bloomberg’s senior ETF analysts revised their Ethereum ETF approval probability, the broader market experienced excitement, with most altcoins rising in value. As the price of Bitcoin rose, investors in short positions were left in reverse and liquidated. Second CoinGecko dataMore than $340 million was liquidated in crypto futures following bullish Ethereum news.
Evidently, $263 million of these liquidated funds went to investors with short positions, while $77 million went to long positions. Furthermore, more than 78,000 investors liquidated their assets, the majority of which occurred in the ETH-USDT transaction on the Huobi exchange. The most significant liquidation occurred in the case of Ethereum with $115 million, followed by Bitcoin with $99.9 million. Experts predict that the price of Bitcoin will add substantial gains in the coming days, making it among the top cryptocurrencies to invest in 2024.
Lido DAO updates the vision of ReGOOSE: the price reacts
Meanwhile, Lido DAO has made headlines in the broader market for its double-digit increase in value. The recent rise in the altcoin’s price is attributed to various factors, including the proposed reGOOSE vision update, which will be discussed in the Lido DAO forum in the coming days. Additionally, the Lido DAO coin enjoyed further gains in value thanks to Ethereum’s surge.
According to a well-known analyst, The world of rankings, the price of Lido DAO is moving as it should. He noted that the price has formed a descending wedge, and in case of a breakout of the Lido DAO coin, the altcoin could see a bullish wave of 60-65% in the coming days. Lido DAO’s bullish price prediction is supported by a 395% rebound in trading volume. Therefore, Lido DAO is currently among the best coins.
KangaMoon is ready to outclass its rivals
KangaMoon has attracted attention in the cryptocurrency market with its presale performance and strategic combination of blockchain-based P2E games in an ecosystem powered by SocialFi elements. The unique characteristics have positioned the KANG token as a prime candidate for BitMart and other Tier 1 CEX listings, especially after its launch in the second quarter.
Amazingly, the project has already raised almost 7 million and is now aiming to reach the $8 million mark by the end of May. Additionally, it has attracted over 32,000 registered members and approximately 10,000 holders, resulting in a 400% ROI in terms of price value. The excellent pre-sales performance can be attributed to the project’s broad capacity to support an economic model and its symbolic utility. This consolidates its position as one of the leading coins.
Additionally, the KANG token will serve as a reward incentive and in-game currency in the ecosystem. These multiple functions have solidified the KANG token as a contender in the play-to-earn gaming and altcoin markets. Notably, the KANG token has an attractive price of $0.025, up from its initial offering of $0.005.
Strategically, the altcoin is set to enter the play-to-earn NFT gaming industry, which is expected to rise at a CAGR of around 17% and reach $8,856.95 million by 2028. KangaMoon could potentially open this market for its investors. Therefore, experts suggest astronomical future growth for the altcoin, suggesting that it could increase 100 times by the end of 2024.
Conclusion
As Bitcoin continues to experience bullish momentum and the Lido DAO network upgrades its ecosystem, resulting in higher prices, KangaMoon has become a contender in the digital asset industry in its presale phase. With a vast ecosystem, token utility, and gaming opportunities to earn, KangaMoon is a promising crypto coin for investors looking to diversify their holdings.
To find out more, visit Kangamoon website or join theirs telegram community.
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