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Amid Ethereum ETF rally, Bitcoin and Lido DAO see double-digit gains, Kanggamoon aims to outperform competitors.
The cryptocurrency market is bullish, with Bitcoin, Lido DAO, and a wide range of other altcoins experiencing significant growth over the past few days. The overall positive market sentiment is due to the growing news of an Ethereum ETF. Amid the market surge, KangaMoon has emerged as the next competitor to established altcoins. With its unique play-to-earn game features and social-fi elements, KANG is poised to become a promising cryptocurrency coin worth investing in.
Bitcoin liquidation volume surpasses $99 million amid market optimism
After Bloomberg's senior ETF analyst revised the odds of an Ethereum ETF being approved, the entire market went wild, with most altcoins rising in value. While Bitcoin's price rose, investors with short positions went the other way and were liquidated. According to data from CoinGecko, more than $340 million was liquidated in cryptocurrency futures after the bullish news for Ethereum.
Apparently, $263 million of these liquidated funds were for short position investors, while $77 million were for long positions. Moreover, over 78,000 investors liquidated their assets, with the majority of it occurring in ETH-USDT trading on Huobi exchange. The largest liquidation was in Ethereum with $115 million, followed by Bitcoin with $99.9 million. Experts expect Bitcoin prices to rise significantly in the coming days, making it one of the top cryptocurrencies to invest in in 2024.
Lido DAO Updates ReGOOSE Vision—Price Reacts
Meanwhile, Lido DAO has been garnering attention in the broader market after its value increased by double digits. The altcoin's recent price surge is due to a variety of factors, including the proposed reGOOSE Vision update, which will be discussed on the Lido DAO forum in the coming days. Additionally, Lido DAO coin has seen its value rise further due to the surge in Ethereum.
According to well-known analyst World Of Charts, Lido DAO price is moving as expected. He noted that the price is forming a descending wedge and if Lido DAO coin breaks out, this altcoin could record a bullish wave of 60-65% in the coming days. Lido DAO's bullish price prediction is supported by a 395% increase in trading volume. Therefore, Lido DAO is one of the best coins right now.
Kangamoon is ready to surpass its rivals
KangaMoon has been gaining attention in the cryptocurrency market due to its presale track record and strategic combination of blockchain-powered P2E gaming in an ecosystem built on SocialFi elements. This unique feature positions the KANG token as a strong contender for listing on BitMart and other Tier-1 CEXs, especially after its launch in Q2.
Amazingly, the project has already raised around $7 million and is on track to reach a goal of $8 million by the end of May. Moreover, it has attracted over 32,000 registered members and around 10,000 holders, with a price-to-value ROI of 400%. The excellent performance of the presale is due to the project's great ability to sustain its economic model and the utility of the token, which has cemented its position as one of the leading coins.
Additionally, KANG tokens act as reward incentives and in-game currency within the ecosystem. These multiple functions have solidified KANG tokens' position as a leading contender in the play-to-earn games and altcoin markets. Notably, KANG tokens have risen in value from their initial price of $0.005 to an attractive $0.025.
Strategically, altcoins are set to enter the gaming NFT play-to-earn industry, which is expected to grow at a CAGR of around 17% and reach $8,856,950,000 by 2028. Kanggamoon could open up this market for investors. Thus, experts suggest astronomical growth for altcoins in the future, suggesting that they could jump 100 times by the end of 2024.
Conclusion
As Bitcoin continues its bullish momentum and the Lido DAO network upgrades its ecosystem, driving up prices, KangaMoon is a strong contender in the digital assets industry during its presale stage. With a vast ecosystem, token utility, and the opportunity to play and earn, KangaMoon is a promising cryptocurrency for investors looking to diversify their holdings.
For more information, visit the Kangamoon website or join their Telegram community.
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