–News Direct–
In a recent video, world-renowned crypto analyst Mark Yusko outlined that hes bullish about Ethereum. Over the next year, Yusko believes that Ethereum could offer up to 300% returns, during which it would likely outperform Bitcoin.
Meanwhile, a hot new DeFi presale is building momentum. With stage 2 of its presale almost sold out, investors are flocking to maximize their potential returns.
Ethereum Bulls Invest $400m in 4 Days
Ethereum bulls doubled down on their investment last week. As Bitcoin continues to surge, rumors suggest that Ethereum could gain even more traction as investors diversify into the altcoin market.
This has increased Ethereum's open interest. According to data from CoinGlass, ETH open interest increased from $11.4 billion to $11.8 billion from March 1 to March 4. During the same timeframe, Ethereums price increased by 16.04%.
Presently, Ethereum is trading at $3,525 and has a daily trading volume of $17.4 billion. Having already experienced consecutive price increases over the last week, analysts such as Mark Yusko believe Ethereum could outperform Bitcoin in 2024.
Bitcoin Passes $65,000
In the last week, Bitcoin's price increased by 5.77%. Bitcoin is now trading at $65,277 and has a daily trading volume of $42.2 billion. This recent surge has triggered a market-wide rally, with many altcoins seeing returns of over 40%.
As Bitcoin continues to pursue its former all-time high of $68,789.63, experts are predicting how high Bitcoin could go. Given its halving event is just one month away, the market is bullish. Some experts believe that Bitcoin could pass $100,000, while others suggest that $80,000 is a more realistic prediction.
KangaMoon (KANG) Raises Over $500,000
Amid the Bitcoin hype, KangaMoon (KANG) is gaining significant traction. This innovative new presale has already hit several major milestones, and its utility token, $KANG, has increased in value by 50%. With less than 20% of its stage 2 supply remaining, crypto enthusiasts are buying $KANG at record rates.
KangaMoon puts a unique spin on meme coins. Unlike other meme coins, which often surge due to market hype, KangaMoon looks to build a lucrative DeFi community with P2E gameplay and social-fi rewards.
The project will showcase an action-paced P2E game where players can battle characters and bet on outcomes. At the same time, users will be rewarded for their social interactions and will have the opportunity to complete challenges for additional rewards.
By incentivizing social activity, KangaMoon aims to build one of the best DeFi communities in the world. So far, it's been a big hit. The project quickly sold out during the first stage of its presale, and stage two is almost sold out.
This growth shows investors are excited about KangaMoons community, which, alongside predicted returns of 220% during its presale, has put $KANG in the spotlight.
Can KangaMoon Go Mainstream?
KangaMoon provides a solution to one of the DeFi market's biggest problems it gives investors a community. This concept has already proven to be popular, and as a result, experts believe that KangaMoon could surge 100x once it launched on major exchanges.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Integrating GameFi and Play To EarnEmbark on your quest for glory.
Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards.
Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards.
Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below:
1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions.
2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results.
3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon.
4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project.
By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks.
Contact Details
Kangamoon
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/crypto-analyst-mark-yusko-predicts-a-300-rise-for-ethereum-outperforming-bitcoin-624484958
Kangamoon
COMTEX_448761810/2655/2024-03-05T06:23:09
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Current Hue journalist was involved in the writing and production of this article.