Bitcoin, KangaMoon and Lido DAO hit new highs, outpacing inflation

Amid the ethereum ETF rally, bitcoin and Lido DAO surged with double-digit gains, while KangaMoon is poised to outperform its competitors.

The cryptocurrency market is bullish as bitcoin, Lido DAO, and other broader altcoins have grown noticeably in recent days. The overall positive market sentiments are attributed to the rising wave of ethereum ETF news. Amid the market surge, KangaMoon is emerging as the next rival to established altcoins. With unique money-making game features and socialFi elements, KANG is poised to become a promising cryptocurrency to invest in.

bitcoin liquidations hit over $99 million amid market optimism

After Bloomberg's senior ETF analysts reviewed their likelihood of ethereum ETF approval, the broader market saw excitement and most altcoins rose in value. While the price of bitcoin rose, investors in short positions were left behind and liquidated. According CoinGecko DataMore than $340 million worth of cryptocurrency futures were liquidated following bullish ethereum news.

Evidently, $263 million of these liquidated funds went to investors in short positions, while $77 million went to long positions. Furthermore, more than 78,000 investors liquidated their assets, with the majority participation taking place in the eth-USDT transaction on the Huobi exchange. The largest liquidation occurred in ethereum with $115 million, followed by bitcoin with $99.9 million. Experts see bitcoin price adding substantial gains in the coming days, making it among the top cryptocurrencies to invest in 2024.

Lido DAO Updates ReGOOSE Vision – Price Reacts

Meanwhile, Lido DAO has been making headlines in the broader market for its double-digit value increase. The altcoin's recent price rise is attributed to several factors, including the proposed reGOOSE vision upgrade, which will be discussed on the Lido DAO forum in the coming days. Additionally, the Lido DAO coin enjoyed additional value gains due to the rise of ethereum.

According to a well-known analyst,x.com/WorldOfCharts1/status/1792788253529252263″ target=”_blank” rel=””> Graphics world, Lido DAO price is moving like it is supposed to. He noted that the price has been forming a descending wedge and in the event of a breakout of the Lido DAO coin, the altcoin could record a 60-65% bullish wave in the coming days. The bullish Lido DAO price prediction is supported by a 395% rebound in trading volume. Thus, Lido DAO is currently among the best coins.

KangaMoon is ready to outshine its rivals

Kanga Luna has attracted attention in the cryptocurrency market with its pre-sale performance and its strategic combination of blockchain-powered P2E games in an ecosystem powered by SocialFi elements. The unique features have positioned the KANG token as a prime candidate for BitMart and other CEX Tier 1 listings, especially after its launch in Q2.

Surprisingly, the project has already raised almost $7 million and is now aiming to hit the $8 million mark by the end of May. Furthermore, it has attracted more than 32,000 registered members and around 10,000 cardholders, with a 400% return on investment in price value. The excellent pre-sale performance can be attributed to the project's great capacity to sustain an economic model and its symbolic utility. This cements its position as one of the leading currencies.

Additionally, the KANG token will act as a reward incentive and in-game currency in the ecosystem. These multiple features have solidified the KANG token as a contender in the money-making gaming and altcoin markets. Notably, the KANG token is attractively priced at $0.025, up from its initial offering of $0.005.

Strategically, the altcoin is poised to tap into the gaming industry to earn gaming nfts, which is projected to grow 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 hint at future astronomical growth for the altcoin, suggesting it could grow 100-fold by the end of 2024.

Conclusion

As bitcoin continues to register bullish momentum and the Lido DAO network upgrades its ecosystem, resulting in a price surge, KangaMoon has become a contender in the digital asset industry in its pre-sale phase. With a vast ecosystem, token utility, and play-to-earn opportunities, KangaMoon is a promising cryptocurrency for investors looking to diversify their holdings.

For more information, visit the Kangamoon website or join your telegram community.