Altcoins
Jack Dorsey announces a new investment strategy in Bitcoin, Toncoin and KangaMoon climb the list of Altcoins
Block Inc. CEO Jack Dorsey made headlines by announcing a new Bitcoin (BTC) investment strategy. Meanwhile, the altcoin market is recovering, with Toncoin (TON) and KangaMoon (KANG) leading the way. Many analysts have considered KANG, a Phase 5 presale star, as the next 50x altcoin in 2024. Let’s see why.
Block Inc to buy Bitcoin (BTC) monthly
The CEO of Block Inc., Jack Dorsey just announced it his latest venture. He said his company is planning to buy Bitcoin (BTC) every month with dollar-cost averaging (DCA) strategy. This move highlights how much he believes in Bitcoin, which has been on a tear recently.
Data from CoinMarketCap shows that the price of Bitcoin has increased by 107% in the last year alone, while maintaining a market capitalization of $1.16 trillion. Additionally, the RSI and MACD signals for the Bitcoin cryptocurrency show buying signals as it trades above its 100-day and 200-day EMAs. Therefore, experts made a bullish prediction of the price of Bitcoin: $70,710 by the second quarter of 2024.
Toncoin (TON) joins forces with Arkham
On the other hand, Toncoin (TON) has been making waves in the altcoin space. In particular, Toncoin announced who collaborated with Arkham. This development will allow over 900 million Telegram users to seamlessly access Arkham data via a mini Telegram app. Additionally, Arkham will be adding TON support to its platform.
Toncoin’s price movement has increased 150% on year-to-date charts, while its market capitalization has remained at $18.40 billion. Furthermore, the RSI of Toncoin cryptocurrency is located at 39.41, which is in the buy zone. For all these reasons, market analysts predict a jump to $7 before the end of the second quarter of 2024 in their Toncoin price forecasts.
KangaMoon (KANG): Among the best Altcoins in presale
KangaMoon (KANG) has proven to be a powerful player in the altcoin market and has attracted a lot of attention from traders. Their pre-sale reached an incredible $6.2 million, which shows how interested people are in this altcoin. It is said that by the end of May 2024 it could even reach $7 million.
KangaMoon is unique because it focuses on Play-to-Earn (P2E) gaming, which is set to become an $885 million industry by 2028. The core part of their plan involves creating their own P2E game, in where users can purchase in-game items with KANG tokens. Additionally, KANG owners will have access to exclusive challenges for extra rewards.
What makes KangaMoon one of the best altcoins is its community-driven approach. Ahead of its official launch, KangaMoon is offering its most active community members free KANG tokens. This effort has inspired more than 20,000 members and a massive increase in interaction on their social media platforms.
Currently, KANG is worth just $0.0196 in Phase 5 presale, a 290% increase from the initial price of $0.005. Over 6,000 individuals already own KANG tokens, so demand is strong. Experts predict a 50x jump once a tier 1 CEX lists this altcoin in Q2 2024. With this price prediction, KANG could emerge as one of the best altcoins to invest in.
What gives KangaMoon an edge over Bitcoin and Toncoin?
Compared to Bitcoin and Toncoin, KangaMoon has a market capitalization of only $19.6. This means it needs fewer new funds to push prices up much more. Therefore, KANG is one of the best altcoins you can buy and get a 10% bonus.
Discover exciting KangaMoon (KANG) presale opportunities today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial
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