Altcoin
Bitcoin NFT Sales Volume Reaches $4 Billion, Analysts Predict These Altcoins Could Increase Profits 20x
The latest Bitcoin news reveals that the absolute sales volume of NFTs based on the number one cryptocurrency has reached $4 billion, following the historical sales of popular altcoins such as Ethereum, Solana, and Ronin.
Meanwhile, the new altcoin KangaMoon is expected to continue to appreciate after its debut, despite a 400% gain so far in its current presale. Let’s find out why.
KangaMoon is one of the most promising altcoins you can look at
Having generated more than $7.9 million in pre-sale revenue, KangaMoon (KANG) continues to make waves in the cryptocurrency space. With cryptocurrency traders and enthusiasts joining the token network during the bonus phase, it seems that the dual-niche network is gaining popularity.
This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.
KangaMoon wants to build a sustainable environment where users can thrive and earn money without much hassle by combining aspects of SocialFi and GameFi.
Especially KangaMoon’s upcoming “Kangaverse” platform uses a special “Play-to-Earn” mechanism to provide users and merchants with the opportunity to earn money. Here, players can participate in a variety of activities, including battle-themed contests, speculative betting, in-game asset trading, and special giveaways to win prizes, usually in the form of KANG, the network’s native token, and other gaming items. value.
Considering its notable performance during the pre-sale phases, KangaMoon now has over 32,000 registered users, of which 10,000 token holders. Additionally, KangaMoon recently partnered with RaidSharkBot in an effort to increase market reach and community participation and ultimately expand its influence throughout the cryptocurrency market and beyond.
The native token KANG has seen a notable price increase even though KangaMoon is still in the bonus phase of the presale. Thus, the token generated over 400% for early KANG token buyers after the price rose from $0.005 at the start of the presale to $0.025 at this time.
It now offers a good entry point for potential buyers as the token continues to grow, especially since CoinMarketCap and CoinGecko have listed the coin and BitMart will list it soon.
Bitcoin NFT has reached a new milestone
Based on recent Bitcoin news, NFT industry data tracking platform CryptoSlam revealed on June 4 that the total NFT sales volume on the Bitcoin blockchain surpassed $4 billion at its highest point. This amount includes $82 million in wash sales and $3.97 billion in NFT sales. Over the past 30 days, $171 million worth of Bitcoin-based NFTs have been sold, making it the most popular blockchain in terms of sales volume.
Although Bitcoin-based NFTs lead in 30-day volume, their sales ranking places them only fourth on the blockchain. Meanwhile, the price of Bitcoin is increase by almost 4% in the last week. It is currently trading above the $70,000 mark, with holders remaining optimistic as they expect the price of Bitcoin to surpass its all-time high soon.
Ethereum price heads towards a new ATH
Ethereum price approaches nearly $4,000, then heads for a new ATH. This increase coincides with speculation that a large price rally could begin since the recent ETF approval. At the time of writing, the value of Ethereum is around $3,820 the last one Over 24 billion dollars were traded in 13 hours.
Strong financial activity is also highlighted by the approaching record of $47 billion in total value locked in Ethereum’s second-layer networks. Given recent ETF approvals, cryptocurrency investors and major Ethereum stakeholders are optimistic about the potential growth of institutional markets.
investments.
Solana price chart analysis
After more than a month of consolidation between 116 and 164 dollars, Solana (SOL), which currency with 79 billion dollars and is in fifth place by market capitalization, it broke the resistance level of 164.5 dollars. With this breakout, it began its journey towards $216.
Meanwhile, the price of Solana has increased by 4% in the last 7 days to $171. Furthermore, after experiencing selling pressure from the $189 level, the Solana coin recovered above the $164 support level.
SOL’s decline could gain momentum if it returns to the $116-$164.50 range. However, Solana price is likely to move towards the $216 resistance if it closes above the daily support of $164.50.
Ronin Price Prediction
According to a recent Ronin price prediction, the coin’s value is expected to decline by 10.33% to reach $2.7 around July 4, 2024. Furthermore, technical indicators indicate that the current sentiment is bullish. Over the previous 30 days, Ronin coin had 13/30 (43%) green days and 8% price volatility.
Based on past price fluctuations of Ronin and halving cycles of BTC, the annual low price prediction for 2025 is expected to be $2.10. The price of Ronin is expected to rise to $5.50 in the next year. The current Ronin price prediction range for 2025 is $2.10 on the low end and $5.50 on the high end. In 2025, if Ronin reaches the highest price target, the altcoin could gain 77.4% from its current price.
Will KangaMoon’s price increase rate be equivalent to that of other major altcoins?
Given KangaMoon’s current rate, analysts have a very optimistic outlook for the altcoin. According to the developers, KangaMoon is one of the most promising altcoins to keep an eye on as it is expected to reach $1 by the end of the year, especially since the token recently announced that it will be listed on BitMart and another prestigious cryptocurrency exchange, making it able to compete with other top altcoins.
Discover exciting KangaMoon (KANG) presale opportunities today!
Website: https://Kangamoon.com/
Join their Telegram community: https://t.me/Kangamoonofficial
This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.