Altcoins
KangaMoon (KANG) Achieves Milestone, Prepares for Explosive Rally
Widely followed pseudonymous crypto analyst Blutz said Ethereum is poised to significantly overtake Bitcoin in the coming months. Meanwhile, Chainlink and KangaMoon have been chosen as the best altcoins to buy for significant gains over the coming months.
Ethereum (ETH) will print a bullish divergence that will surpass Bitcoin
Pseudonymous trader Bluntz predicted that Ethereum (ETH) would outperform Bitcoin in the coming weeks. Bluntz is also bullish on the leading altcoin as, for the first time in history, ETH/BTC is about to print the first two-week bullish divergence.
According to Bluntz, the Ethereum price is only eight days away from this historical pattern. When this happens, Bluntz predicts that ETH/BTC could reach 0.1 ($6,907). With altcoin Ethereum price eyeing a potential 97% increase, it has become one of the best altcoins to buy right now. However, there are other altcoins to watch that show greater potential.
Chainlink (LINK) Could Soar Amid SWIFT Partnership Rumors
Chainlink (LINK), the decentralized oracle network, hit a six-week high near $18. The Chainlink coin rally comes amid excitement that the project could be partnering with SWIFT and demoing it at the Consensys 2024 event in Austin, Texas.
There are hints of this as Chainlink remains the leading blockchain for real-world asset (RWA) tokenization. The project recently concluded a pilot project to accelerate the tokenization of funds with the participation of JPMorgan, Templeton and BNY Mellon. If the SWIFT partnership comes to fruition, analysts are optimistic that LINK will be one of the best altcoins of the year, rising from $18 to over $45.
KangaMoon (KANG) Achieves Major Milestone, Prepares for Explosive Rally
KangaMoon (KANG) prepares the ground for a highly anticipated launch after setting several milestones. During its pre-sale, KangaMoon raised over $7.2 million and onboarded over 32,000 users. Its native token, KANG, did not disappoint either, rising 400% to become one of the best altcoins to watch for this bull market.
The DeFi project has generated so much excitement in the crypto community thanks to its brand new Social-Fi protocol. KangaMoon’s SocialFi structure was designed to nurture a thriving community, rewarding users based on their community participation, social media activity, and project promotion. KangaMoon collaborated with RaidShark to amplify community engagement and adoption ahead of launch.
KangaMoon embodies the unique characteristics of a play-to-earn platform, creating opportunities for players to earn KANG tokens. They can participate in multiple challenges and competitions to win prizes, creating an exciting DeFi project. KangaMoon Users less inclined to gamble can win with Social-Fi or by betting on the outcome of competitions hosted in the ecosystem.
During the next development cycle, the KANG token will soon be listed on the BitMart exchange. This follows the listing of the KANG token on CoinGecko and CoinMarketCap. With all these events planned ahead of the project’s launch, analysts are optimistic that KANG could rise from its current price of $0.025 to a high of $1, making it one of the best altcoins to buy for this bullish cycle.
Closing
With the historical pattern about to be formed by ETH/BTC, Ethereum is becoming one of the best altcoins to watch. At the same time, this trend is expected to spark an altcoin rally, where Chainlink and KangaMoon appear to be in prime positions to dominate. However, the most recent KangaMoon and its unique characteristics could allow KANG to end the year with greater gains.