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As per recent data from Santiment, some crypto whales are abruptly accumulating Ethereum-based altcoins. Because a significant surge is anticipated in the coming days, some top Ethereum-based altcoins to buy include KangaMoon, Shiba Inu, Chainlink and Uniswap, in addition to the Ethereum altcoin itself.
KangaMoon (KANG) has seen its price soar to a new high of $0.025 during its ongoing presale due to the recent market upswing, extending its gains in 2024 to an incredible 400%. Although this amazing performance has put KANG among the best altcoins to invest in, market experts predict that it will continue to rise in the upcoming weeks.
According to recent announcements, BitMart, a tier-1 centralized exchange, will list KangaMoon's native token, KANG. Analysts predict that during this historic event, KangaMoon's price may soar to a new high above $1, even though the precise listing date is unknown. Furthermore, KANG is already available on CoinGecko and CoinMarketCap.
As of right now, KANG seems to be the best cryptocurrency investment this quarter, especially considering its spectacular rally. There is a lot more that KangaMoon can offer, such as its novel Social-Fi protocol that has drawn interest from crypto communities. Participation in challenges, competitions, and other events earns members KANG tokens on KangaMoon, where the platform prioritizes the community.
An individual in the community will make more money as they become more involved. Having raised more than $7.5 million since its launch, KangaMoon is among the largest initial coin offerings (ICOs) of meme coins.
Over the past 30 days, the Ethereum price has steadily increased by over 18% to $3,758. This increase occurred after the first Ethereum ETFs were approved by the SEC on May 24. Approval of Ethereum ETFs invariably sparks optimism for the project in question as well as those built upon its network. For instance, Bitcoin's current value has increased from under $30K to almost $70K due to its approval as an ETF.
It appears that now is the right moment for Ethereum to benefit from the inflow of institutional money. With its price rising significantly over the last month and a market capitalization of $451.7 billion, Ethereum has recently made a stunning comeback. The SEC's approval of the Ethereum Spot ETF has been a major factor in the rise in Ethereum's price. Because of the regulatory uncertainties, there was initial scepticism regarding the approval of the ETF.
The prices of Ethereum and Bitcoin have marginally decreased in recent days, despite a rise in meme tokens. The popular meme token Shiba Inu garnered attention with a rise of more than 11% in the last month.
Moreover, the Shiba Inu price has climbed to $0.00002661 while the 24-hour Shiba Inu trading volume surged by a remarkable 104%. Meanwhile, Rennick Palley, co-founder of the crypto fund Stratos, made a comment about Shiba Inu, telling Coindesk that Asian traders' interest was the reason for the rise in the Shiba Inu price.
As the current crypto bull cycle moves closer to the beginning of the golden bull phase, altcoins are progressively printing more and more bullish signals. Analysts are especially pointing to the Chainlink coin for a significant upward price spike. The last ATH for the Chainlink coin, which was set at $52.88, is expected to be at least three times less than the price that Chainlink is predicted to hit after the current crypto bull cycle's golden bull phase.
The same analysts then list the main causes of the current cycle's strong bullishness in the Chainlink price. He enumerates the top five reasons Chainlink's enormous bull wave is justified. All five of the reasons have to do with Chainlink tokenizing credible RWA stories.
By June 28, 2024, the Uniswap price is expected to have increased by 227.51% to $35.60, based on the current Uniswap price prediction. Technical indicators indicate that sentiment is neutral right now. Over the previous 30 days, Uniswap saw 14/30 (47%) green days and 16.75% price volatility. The Uniswap forecast indicates that this is a favourable moment to purchase Uniswap.
The projected yearly low Uniswap price for 2025 is $10.87, based on Uniswap's past price movements and BTC halving cycles. It is anticipated that the cost of Uniswap will soar to $51.27 in the upcoming year. Right now, the range of the Uniswap price prediction for 2025 is $10.87 on the low end and $51.27 on the high end. If Uniswap meets the higher price target, Uniswap could see a 385.37% increase in value from its current price by 2025.
While the price of KangaMoon has been rising during its current presale, some of its backers wonder if KANG will surpass other top altcoins that are Ethereum-based once the token is made available to the public. It is less expensive to pump the price of this altcoin given KangaMoon's current market capitalization. Given that KANG leads the GameFi industry, it is proposed to continue growing significantly.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
