Altcoins

KangaMoon Breaks Out – Two Altcoin Whales Rush Before Exploding

Published

8 months ago

4 June, 2024

KangaMoon Breaks Out – Two Altcoin Whales Rush Before Exploding

Events in the crypto market over the past few weeks show a growing and massive interest in cryptocurrency. The recent approval of the Ethereum ETF has sparked more interest among traditional and institutional investors, leading to a massive rally for Ethereum-based projects. KangaMoon (KANG) is one of the altcoins that has reached a new milestone even in presale. Meanwhile, whales are accumulating Chainlink (LINK) and Gala (GALA) in anticipation of a rally. According to the opinion of top analysts, these altcoins are among the best to invest in to get huge returns in Q3.

KangaMoon Presale Reaches $7.6 Million With CEX Listing Inching Closer

KangaMoon”s the ongoing presale reached a record 10,000 token holders, helping the team raise over $7.6 million in presales. Additionally, the number of community members has grown to more than 33,000 as the project becomes more widely adopted. Many crypto analysts have added KANG to their list of altcoins to watch in Q3. As such, they suggest that KANG’s price increases by 500% before listing.

Notably, popular CEX exchange BitMart announced that it will soon list KANG. Other exchanges, like Uniswap, are expected to list KANG in the coming weeks. As such, this could be the best opportunity to buy the altcoin. Currently, KangaMoon is in bonus phase, with the token being sold for just $0.025. Those who purchased KANG early in the first stage achieved a 400% return.

Both popular cryptocurrency price tracking websites, CoinMarketCap and CoinGecko, have listed KANG, making it easier to study market trends. A particularity of the KangaMoon project is the emphasis placed on community. According to tokenomics, 25% of the total supply, representing 250 million tokens, is for in-game rewards. As such, the platform gives back to the community through various social media campaigns.

Meanwhile, KangaMoon is a revolutionary meme platform that aims to combine GameFi and SocialFi structures to create a vibrant community for meme enthusiasts. At KangaMoon, users can participate in various gaming adventures and win prizes and rewards. Growing ecosystem momentum is driving adoption, with major KANG price predictions tipping it to hit $1 in 2024, making it one of the best altcoins to invest in 2024.

Chainlink integrates with Circle as market activity booms

Chainlink has seen several partnerships and adoptions over the past week that could spark massive rallies. A few days ago, Chainlink integrated Circlethe issuer of the popular stablecoins USDC and EURC, to bridge the gap between traditional finance and the DeFi industry by providing developers with the tools needed to create robust financial applications.

This also happened when the Celo network integrated the Chainlinks Cross Chain interoperability protocol, strengthening its position as the leading layer 2 Ethereum blockchain. These moves are likely to trigger massive rallies. Data from CoinMarketCap shows that Chainlink’s price increased 32% over the past month and 5% over the past week. With Chainlink’s trading volume increasing, a rally is imminent, making it one of the altcoins to watch in Q3.

Gala Price Prediction – Analysts Advise Gala to Hit $0.1

After the latest hacking incident, Gala is bouncing back. As a reminder, the Gala price increased by 10% over the past month and 6% over the past week. Additionally, Gala’s trading volume and market capitalization are seeing massive increases to show investors’ confidence in the project.

According to data from CoinMarketCap, Gala price established support above $0.045 with a strong possibility of retesting the $0.080 it reached in March. Although the market sentiment of Gala is bearish, analysts are optimistic that the price will reach $0.1 soon. World of Graphics, a leading crypto analyst, expects a strong bullish wave that will likely take Gala price to $0.10 in the coming days. As such, Gala is one of the best altcoins to buy for future gains.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

Website: https://Kangamoon.com/

Join our Telegram community: https://t.me/Kangamoonofficial

Fuente

Altcoins

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Published

6 months ago

29 July, 2024

CoinFlix Staff

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Popular crypto analyst Michael van de Poppe has highlighted his altcoin portfolio approach in light of the new Ethereum ETF. In a recent Youtube videoThe analyst explained the measures he would take for this major market event.

The Ethereum ETF was listed on the stock exchange and it took time to get approval and so far there has been no significant change in price. The analyst pointed out that the long-term effect could be quite significant, comparing it to the situation of the Bitcoin ETF where the initial decline was followed by large inflows.

According to Van de Poppe, the Ethereum ETF’s trading volume on the first day of trading was about 25% of the volume Bitcoin ETF He noted that the first day of trading was marked by low inflation, and said there was a net inflow of $150 million to $160 million, which reduced the available supply.

Altcoins are poised for growth

The analyst said that as Ethereum adoption increases in the future, the supply of Ethereum will decrease, which is a deflationary model. Ethereum is up about 15% since the ETF approval, the broader market reaction has yet to happen as several sell-offs have taken place, including the Grayscale Trust.

Van de Poppe also mentioned other important market events, including the end of Mount Gox The process of repaying creditors initially caused tensions in the markets, but had little effect subsequently. It also highlighted the role of macroeconomic factors, which can lead to Fed rate cuts, which can affect markets.

In this regard, looking at van de Poppe’s strategy, he is still keen to trade within the altcoins of the Ethereum ecosystem. He stated that there is a possibility of short-term price fluctuations that may discourage many people, but the long-term still looks good due to the improvement and adaptation that has been made to Ethereum and its environment.

According to the analyst, substantial inflows could propel Ethereum towards new historic highs with estimates ranging from $5,000 to $7,000. Despite the current market fluctuations, he is confident that macroeconomic changes and greater liquidity will be favorable for altcoins.

He explained that his broad approach to altcoins, especially those associated with Ethereum, will be beneficial because the market will react differently to these events. The basis for his optimism comes from the fact that he believes that Ethereum and all associated projects are still extremely undervalued and have the potential to skyrocket as sentiment changes.

Looking ahead and market adjustments regarding the Ethereum ETF and other macroeconomic factors, the analyst remains bullish on altcoins. He suggested investors stay informed and believe that in the ever-changing world of crypto, they will eventually be rewarded.

Fuente

Altcoins

Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail

Published

6 months ago

28 July, 2024

CoinFlix Staff

IntoTheBlock Releases Report on Institutional DeFi Trilemma

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Fuente

Altcoins

Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail

Published

6 months ago

28 July, 2024

CoinFlix Staff

Disclaimer

Fuente

Altcoins

Epic Altcoin Rally Expected for August and September

Published

6 months ago

28 July, 2024

CoinFlix Staff

Crypto analyst predicts massive altcoin rally similar to Q1 2024, urging patience and accumulation.
Bitcoin’s potential as a reserve asset and its technical patterns suggest that it will drive the rise of the cryptocurrency market.

Captain Faibik, a renowned crypto analyst, has created excitement in the cryptocurrency sector with his latest prediction. He indicated that we are on the cusp of a massive altcoin rally, similar to the one we saw in Q1 2024.

We are on the verge of a massive Altcoin rally, similar to Q1 2024📈

Keep accumulating and hold with patience. (Patience will be rewarded)

The majority of #Altcoins have already hit rock bottom and are about to escape.

In my opinion, August-September is going to be epic for Altcoins.🚀🚀#Crypto pic.twitter.com/cMdHagiaYc

— Captain Faibik (@CryptoFaibik) July 24, 2024

Accumulating and Holding Altcoins: The Path to Potential Profits

He stressed the need to accumulate altcoins and hold them patiently, as it will eventually pay off. According to him, the majority of altcoins have already bottomed out and are about to break it. He believes August and September will be epic months for altcoins.

In a chart posted by Captain Faibik, the overall crypto market cap, excluding Bitcoin and Ether, known as TOTAL3, is approaching the upper boundary of a descending channel pattern.

This context suggests a potential breakout and a significant rally towards the $1 trillion mark. Technically, the decline since mid-March is interpreted as a corrective trend for the value of TOTAL3, signaling a preparation to enter a rally structure.

Bitcoin’s influence and legislative developments suggest good prospects for the future

Furthermore, based on sentiment and technical patterns, Bitcoin, the world’s leading cryptocurrency, appears poised to lead the charge in the cryptocurrency market. Bitcoin’s performance often sets the tone for the market as a whole, and a strong move in BTC could trigger a significant rally in altcoins.

Previously, as we have already said reportedSenator Cynthia Lummis said she plans to introduce a bill at the upcoming Bitcoin conference that would require the Federal Reserve to hold Bitcoin as a reserve asset.

If this law passes, the US will treat BTC as a long-term investment rather than selling huge amounts infrequently, which could disrupt the market.

In addition, asset management firm VanEck has proposed a bold scenario in which Bitcoin Price Could Reach $2.9 Million Per BTC By 2050based on its fundamental outlook. Matthew Sigel, head of digital assets at VanEck, and senior investment analyst Patrick Bush noted that their estimate is based on Bitcoin’s adoption as a global medium of exchange and reserve asset.

As Bitcoin price increases, altcoins are expected to gain popularity, indicating the start of a bullish rally shortly after the BTC halving event.

Meanwhile, at the time of writing, the price of BTC was hovering around $67,007.99up 4.67% over the past 24 hours following a short-term correction.