Altcoin
Top Altcoins to Watch for Rally as Weekly Inflows for Ethereum Reach Over $30 Million
Within the list of promising altcoins, analysts have taken a look at some of the most interesting altcoins that have the potential to rise significantly following the major moment when Ethereum weekly flows reached 34 million of dollars.
These major altcoins include KangaMoon, Uniswap, Stacks, Celestia, and Ethereum itself. Let’s find out more.
KangaMoon enters the list of promising altcoins
After surging 400% in response to notable trader appeal, KangaMoon (KANG) has seen rapid price growth because it cleverly combines two essential components: addictive gameplay with Play-to-Earn (P2E) mechanics that can reward participants to its ecosystem and Social-Fi features that have the potential to expand social media engagement.
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.
Unlike most competing projects, KANG provides significant features as its ecosystem offers players an interesting reward system. Players can participate in exciting tournaments and battles within the game, as well as actively engage in social media activities, which give them the opportunity to earn tokens. This encourages social media and gaming to have a dynamic relationship, leading to the organic growth of KANG.
Not only do KANG’s distinctive features make it a serious contender in the altcoin market, but it has also attracted 33,000 users and raised over $8 million in revenue. The altcoin’s price recently increased from $0.005 in the initial pre-sale phase to $0.025 in the bonus pre-sale phase, with analysts estimating that the revenue raised could reach $9 million by the end of the month.
With the altcoin now available on CoinMarketCap and CoinGecko, which promote transparency and facilitate investor due diligence, developers expect a 100x increase in KangaMoon’s price. It will also soon be listed on the major centralized exchange BitMart.
Ethereum Price Rises Amid Trades Launched by Large Investors (Whales)
Encouraged by recent actions taken by the Securities and Exchange Commission on Ethereum, Ethereum is approaching the $4,000 mark. There is much speculation that Ethereum’s price movement could mimic that of Bitcoin, which has seen a significant recovery following the approval of spot BTC Exchange Traded Funds (ETFs). Significant whale activity was triggered by the launch of new Ethereum ETFs, which further accelerated the appreciation of the Ethereum altcoin.
When Ethereum was trading at $3, in June 814, analytics platform SpotOnChain shared publication in X, revealing that a whale had transferred 7,000 ETH, or approximately $26.7 million, to Binance. With a history of pocketing profits in bear markets and reinvesting in bull markets, this whale now owns 36,785 ETH, worth approximately $141 million. Commercial activities generated a profit of approximately $76.6 million, representing growth of 57.9%.
Uniswap price is rising
Especially after the 118% increase. the previous one This year, the Uniswap coin has repeatedly demonstrated its dominance among altcoins. Furthermore, Uniswap’s monthly price increase of over 37% further highlights the bullish nature of the Uniswap coin. At the same time, Uniswap has established itself in recent times due to its resilience in the current market volatility.
Uniswap uses a complex algorithm in its network to ensure users have a comfortable trading experience. It offers excellent DeFi solutions, hoping to build a welcoming environment where users can trade safely and openly. As seen from the growing trading volume and trader interest, this has increased its appeal in the cryptocurrency market.
Stacked Price Chart Analysis
Stacks coin has slowly but surely gained popularity since its introduction in 2017. Since its open source blockchain network allows for the construction of smart contracts, it is a breath of fresh air for the Bitcoin network. Furthermore, Stacks coin is considered to be a very valuable token available due to its focus on asset security and scalability.
Stacks has achieved a number of notable results; in the year preceding the token if increase by 240% as seen in the price graph. Fluctuating stack trading volume and declining trader interest in the token are indicators of this decline. However, Stacks is still very present in the market, and analysts cite its past successes.
Celestia’s price goes up
Celestia (TIA) is considered a fast-rising altcoin due to its exceptional performance in the cryptocurrency market. The Celestia Coin is here increased by more than 400% in the last year, showing promising results. Celestia’s pursuit of prosperity in the cryptocurrency industry was demonstrated by the 4% increase in Celestia’s price in the previous month.
Celestia has continued to move in a very positive direction on this mission, attracting interest from traders and cryptocurrency enthusiasts. Analysts predict that the Celestia coin can still reach its all-time high as long as it maintains its bullish trend.
Will KangaMoon outperform other altcoins?
Although charts show that many other altcoins are bullish and have the potential to grow at a pace that will reach new heights, supporters of the project believe that investing in KangaMoon can bring a return on investment. In addition to the 400% increase already achieved, its listing on BitMart will make it much easier to obtain and make it more widely available, attracting a larger pool of investors and potentially increasing its value.
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.