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Bitcoin (BTC) started the crypto bull run, Pepe (PEPE) followed suit, and now investors are wondering if KangaMoon will be next in line. Interestingly, KangaMoon tokens are the cheapest they will ever be during the early stages of a prevention event. Let’s take a closer look at the factors driving this altcoin rally and who will benefit from it the most.
Institutional dollars flow into Bitcoin (BTC)
Since hitting a low of just under $15,000 in 2023, Bitcoin has staged a remarkable recovery, hitting a new all-time high of $73,800 on March 14, 2024. Although the price has since corrected to below $71,000 at the time of writing, all signs point to a continued uptrend for ‘the orange coin’.
The spot Bitcoin ETFs arriving this year appear to be the main driving force behind the recent surge. With billions of dollars in Bitcoin flowing through these ETFs every day, it’s no surprise that supply is struggling to keep up with demand.
Next on the Bitcoin agenda is the halving event, which will take place in April 2024. This event, which happens every four years, tends to cause a supply shock as block rewards for miners are halved, creating scarcity and driving up prices.
With the recent halving and growing institutional adoption, Bitcoin could potentially reach a price of $300,000 per coin by the end of 2024. Making Bitcoin a $6 trillion asset may seem like a tall order, but with gold – sometimes compared to Bitcoin – worth $13.50 trillion it may not be as far off as some skeptics think.
The potential of Pepe (PEPE) to leap to new heights
The market is not moving like it did during previous bull cycles. Normally, Bitcoin would lead with a parabolic move, followed by altcoins like Ethereum, and then memecoins would shoot to the moon.
This time, however, memecoins are rising along with Bitcoin as retail investors look for the biggest possible returns. And this attack is led by Pepe, a relatively new memecoin represented by the famous character ‘Pepe the Frog’.
The Pepe price has risen from $0.000001300 at the end of February to above $0.00001085 in the second week of March. Almost 10x gains in such a short time is impressive, and Pepe’s market cap is now above $4.50 billion.
But can Pepe continue this momentum and rise? Bullish analysts point out that Pepe has arguably the best branding and community support among memecoins. Going anywhere on crypto Twitter is impossible without seeing the cheeky frog at his desk or on a rocket.
With Shiba Inu peaking at $40 billion in the 2020/21 bull run, analysts can expect Pepe to match or even exceed that valuation given its strong brand name and community. This would represent a gain of almost 10x from the current market cap of $4.50 billion.
KangaMoon’s (KANG) explosive pre-sale launch
KangaMoon combines the best aspects of meme culture, gaming and rewards into a single play-to-earn platform. This idea is already starting to take off, with the memecoin growing 180% in recent weeks as pre-sales grab attention.
KangaMoon players start with a Kangaroo character that can be customized with different outfits and accessories. The game offers various challenges and adventures, where players can earn KANG tokens that can be used for in-game purchases or exchanged for other cryptocurrencies.
The P2E (play-to-earn) concept has gained a lot of ground recently. The global play-to-earn NFT games market is expected to grow at a CAGR of 17.93% and reach $8,856.95 million by 2028. Capturing just a fraction of this market could generate significant value for KangaMoon and its investors.
But it’s not just about the potential profit. KangaMoon is a place where the community comes together and has fun, with regular events and competitions to get players involved. The social-fi aspect of the project also allows players to connect with each other and make new friends.
KANG tokens can be purchased before the game launches during the presale event. After a 180% increase in recent weeks, KANG is now priced at $0.014 during its fourth pre-sale phase. Each phase will bring further price increases, so it makes sense why there’s a sudden rush to get in early.
Analysts believe that KangaMoon’s value could increase by 35x on launch day. This projection is based on the success of similar play-to-earn games such as Axie Infinity, the $60 billion memecoin market and early demand during pre-sales.
Discover the exciting options available in the KangaMoon (KANG) presale today!
Website: https://KangaMoon.com/
Join our Telegram community: https://t.me/KangaMoonofficial
Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
Source: https://cryptobenelux.com/2024/03/26/booming-stijging-bitcoin-btc-en-pepe-pepe-leiden-de-altcoin-rally-is-kangamoon-de-volgende/
