KangaMoon in focus as Bitget head sees continued rally in BTC

USA	2024-4-3 16:06

Bitcoin has shown stellar performance since the start of this year but the head of South Asian operations at Bitget is convinced the rally is far from over just yet.

Hirdyani shares view on Bitcoin

Jyotsna Hirdyani expects Bitcoin to continue its march towards the $100,000 level. She’s convinced that an even higher $150,000 price for the world’s largest cryptocurrency remains on the table as well.

Hirdyani attributed the recent surge in BTC to the exchanged-traded funds that the SEC approved earlier in 2024. The upcoming Bitcoin halving, she told Invezz, will likely deliver further price appreciation.

It halves the rate of new Bitcoin creation per block from 6.25 to 3.125. Consequently, annual inflation rate of BTC will have from 1.8% to 0.9%, enhancing its scarcity and inherent value.

Note that a benefit to the broader crypto market will likely be coupled with a continued surge in BTC considering that it’s a bellwether. This is why the recently launched KangaMoon may be worth an investment in 2024.

KangaMoon offers multiple ways to make money

KangaMoon is a fairly new crypto project that is powered by $KANG – a native meme coin.

Interestingly, though, investing in $KANG is not the only way to make money on this platform. KangaMoon has a set up a play-to-earn ecosystem that enables users to win prizes out of the competition.

Plus, they can make bets on players engaged in those competitions to win as well. Lastly, the unique in-game items also present an opportunity to establish a passive source of income on KangaMoon.

As evident, there are more than one ways to earn on KangaMoon. If you would like to know more about the crypto project and its native $KANG coin, you can click here to visit the project website now.

$KANG presale is on fire

The native token of KangaMoon looks like an exciting investment for 2024 particularly because its presale is on fire at writing.

$KANG has already raised close to $4.0 million even though it’s been in presale for a few weeks only. This suggests the platform and all it has to offer is sitting well with users and the investment community at large.

You may also want to consider KangaMoon token for exposure to the crypto market because it doesn’t require a huge capital as the likes of Bitcoin or Ethereum. At just $0.0196, even a few dollars worth of investment will get you a sizable position in $KANG.

Remember that KangaMoon is yet to list on a crypto exchange that tends to boost demand and by extension the price of a crypto coin. Click here to find out how you can invest in $KANG in a few simple steps.

What else could benefit KangaMoon ($KANG)?

The U.S. Federal Reserve in its recent meeting left its benchmark overnight borrowing rate unchanged but the FOMC dot plot did signal three rate cuts in 2024 (read more).

That’s significant and may serve as a potential tailwind for KangaMoon since lower rates tend to increase the risk appetite of investors that may translate to a material benefit for cryptocurrencies and other risk-on assets.

And it’s not like the recently approved Spot Bitcoin ETFs will stop being a huge positive catalyst for the crypto market anytime soon.

Putting it all together spells invest now as far as $KANG is concerned. If you’re convinced, it’s time that you visited the platform’s website to dive deeper into the details of KangaMoon.

The post KangaMoon in focus as Bitget head sees continued rally in BTC appeared first on Invezz

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