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Amid the Ethereum ETF rally, Bitcoin and Lido DAO surged with double-digit gains, while KangaMoon is poised to outperform its competitors.

The crypto market is booming as Bitcoin, Lido DAO and broader altcoins have grown notably in recent days. The overall positive market sentiments are attributed to the growing wave of news about the Ethereum ETF. Amid the market surge, KangaMoon is emerging as the next rival to established altcoins. With unique play-to-earn features and socialFi elements, KANG is poised to become a promising cryptocurrency to invest in.

Bitcoin Liquidations Hit Over $99 Million Amid Market Optimism

After senior ETF analysts at Bloomberg revised their approval probability for the Ethereum ETF, the broader market was excited, with most altcoins increasing in value. As the price of Bitcoin rose, investors in short positions were reversed and liquidated. According to CoinGecko DataMore than $340 million was liquidated in crypto futures following the bullish Ethereum news.

Evidently, $263 million of these liquidated funds went to investors in short positions, while $77 million went to long positions. Additionally, more than 78,000 investors liquidated their assets, with the majority participation occurring in the ETH-USDT transaction on the Huobi exchange. The most significant liquidation happened in Ethereum with US$115 million, followed by Bitcoin with US$99.9 million. Experts see the price of Bitcoin adding substantial gains in the coming days, therefore among the top cryptocurrencies to invest in in 2024.

Lido DAO updates ReGOOSE view – price reacts

Meanwhile, Lido DAO has been making headlines in the broader market for its double-digit rise in value. The altcoin’s recent price rise is attributed to several factors, including the proposed reGOOSE vision upgrade, which will be discussed on the Lido DAO forum in the coming days. Furthermore, the Lido DAO coin saw additional gains in value due to the rise of Ethereum.

According to a well-known analyst, World of graphics, Lido DAO price is moving the way it should. He noted that the price has been forming a falling wedge and in the event of a breakout of the Lido DAO coin, the altcoin could see a 60-65% rally in the coming days. Lido DAO’s bullish price prediction is supported by a 395% jump in trading volume. Thus, Lido DAO is currently among the best coins.

KangaMoon prepared to outshine rivals

KangaMoon has captured attention in the crypto market with its pre-sale performance and strategic combination of blockchain-based P2E games in an ecosystem powered by SocialFi elements. The unique features have positioned the KANG token as a prime candidate for BitMart and other CEX Tier-1 listings, especially following its Q2 launch.

Notably, the project has already raised nearly 7 million and is now eyeing the $8 million mark by the end of May. Furthermore, it has attracted more than 32,000 registered members and around 10,000 holders, with a 400% ROI on price value. The excellent pre-sales performance can be attributed to the project’s vast capacity to support an economic model and its symbolic utility. This cements its position as one of the leading currencies.

Additionally, the KANG token will act as a reward incentive and in-game currency in the ecosystem. These multiple functions have solidified the KANG token as a contender in the play-to-earn gaming and altcoin markets. Notably, the KANG token is attractively priced at $0.025, up from its initial offering of $0.005.

Strategically, the altcoin is set to tap into the NFT play-to-earn gaming industry, projected to rise at a CAGR of around 17% and reach $8,856.95 million by 2028. KangaMoon could potentially open up this market to its investors . Thus, experts suggest astronomical future growth for the altcoin, suggesting that it could jump 100x by the end of 2024.

Conclusion

As Bitcoin continues to record bullish momentum and the Lido DAO network upgrades its ecosystem, which has resulted in a price rally, KangaMoon has become a contender in the digital asset industry in its pre-sale phase. With a vast ecosystem, token utility, and play-to-earn opportunities, KangaMoon is a promising cryptocurrency for investors looking to diversify their holdings.

To learn more, visit the cangamoon website or join them telegram community.

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