Altcoins
VanEck Suggests Credit Market Will Incite Massive Bitcoin Rally; These Major Altcoins Are Poised to Benefit
As Bitcoin’s next major rally is poised to happen, VanEck digital asset manager Gabor Gubacks suggests that the expansion of the credit market will be a key factor. He added that while many individual investors remain wary of lending or borrowing Bitcoin, the rise of ETFs has subtly bolstered an institutional BTC credit market that is growing with each trade.
Instead, major altcoins such as the Optimism (OP) token and Tron (TRX) coin are uniquely positioned to capitalize on the burgeoning credit market and subsequent Bitcoin surge. In the meantime, KangaMoon (KANG) is sure to take full advantage of Bitcoin’s rally to rank among the top meme coins with high gains this year.
KangaMoon Could Potentially Lead Meme Coin Surge This Year
Among the best meme coins to buy currently is KangaMoon meme coin with its unique P2E market dynamics, positioned to disrupt the online gaming market at large. With a significant increase in market cap above $100 million when this meme coin was listed on Uniswap and BitMart alongside CoinGecko and CoinMarketCap, analysts are already seeing the possibility of it becoming a $1 billion coin by Q4.
What is expected to take KangaMoon to this level is the adoption it can potentially gain from its Kangaverse ecosystem, a mix of SocialFi and GameFi that rewards users as they engage in its gaming activities. The Kangaverse gaming platform allows users to earn tokens by participating in the game to win boxing fights, betting on the outcomes of battles, and even participating in challenges and quests where rare in-game items and other token rewards can be claimed.
At the moment, the KangaMoon token is riding a Weekly price range of $0.05 and $0.08, which means a whopping 1500% increase from the initial price of $0.005. While its early investors have already earned up to 400% profit in the pre-sale phase, its current market price signals its growth potential. Ultimately, Kangamoom could benefit from the Bitcoin rally and rank among the best altcoins to buy this year.
KangaMoon’s progress so far during the presale and post-presale further proves that the meme coin could eventually achieve 100x price growth before 2025. In fact, its features and staking dApp are already generating considerable interest as CoinGem Ecosystem recently released a X to tweet where KangaMoon ranked among the highest-valued altcoins.
Optimism Token Leverages Layer 2 Scalability for DeFi Domain
While Optimism (OP) is just a Layer 2 scaling solution for Ethereum, to improve transaction speed and reduce costs, Optimism It is also set to benefit from Gubacks’ insight.
Notably, Optimism is the parent network that popular credit market platforms like Aave and Synthetix operate on, meaning that the Optimism token is expected to experience some influential growth through the use of its platform. Given Gabor Gubacks’ speculation, the Optimism token is well positioned to rank among the best altcoins to buy, especially due to its reliable and solid infrastructure.
Tron network facilitates seamless transactions in the credit market
Tron is a blockchain super network that supports credit market functionalities through its extensive infrastructure that offers low-cost and high-speed transactions. With platforms like JustLend operating on Trunk network, Tron coin will benefit significantly from the growing BTC institutional credit market.
As a result, the native TRX token is likely to rank among the best cryptocurrencies to buy based on Gabor’s prediction. Additionally, its strong ecosystem and potential to tap into the growing credit market make it an attractive investment as Bitcoin’s rally unfolds.
What is KangaMoon’s plan to ease accessibility at game launch?
KangaMoon’s live game launch is already underway now that the token has been fully launched on the DeFi and GameFi markets. However, in an effort to make it easily accessible anywhere, anytime, KangaMoon is planning to release a mobile app for on-the-go engagement.
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