As the market continues to enjoy bullish Bitcoin seasons, Cathie Wood, Ark Invest CEO, has made headlines with her bold Ethereum prediction. On the other hand, the price of Fantom is facing resistance around the $0.80 mark, sparking concerns for a potential downtrend. Meanwhile, KangaMoon announces a partnership with RaidSharksBot to boost community engagement and amp up fun in the ecosystem.
Ethereum Market Capitalization Could Reach $20 Trillion
Cathie Wood, Ark Invest CEO, is known for her bullish stance on cryptocurrencies. According to her, the Ethereum coin could catch up to Bitcoin, providing huge returns in the coming years. At an investor conference, Wood reiterated that the Ethereum coin could reach a market capitalization of $20 trillion by 2032. Going by this bold prediction, a market cap of $20 trillion would imply that Ethereum’s price per token would be around $166,000.
Notably, to give some reasoning behind this claim, Cathie Wood discussed mostly the adoption of Ethereum crypto mainstream. Currently, the price of Ethereum is trading at $3113.51, recording a 0.68% bounce on its weekly charts. It’s a staggering 22% downturn from its peak price of $4000 in mid-March. However, various experts continue to make bullish Ethereum price predictions, suggesting that Ethereum’s price could reach $5000 by the end of 2024.
Fantom Price Struggles at $0.80 Resistance Level—Will It Fall to $0.50?
Fantom coin has been experiencing steady momentum in the past few days. Unfortunately, it’s currently facing a huge hurdle as the Fantom price struggles at a resistance level around the $0.80 mark, sparking concerns about a potential downtrend. The Fantom coin was forced to establish its key support at the $0.70 mark. According to IntoTheBlock data, Fantom’s profitability is tied between traders in profit and those out of profit, with 49.76% in profits and 48.32% making losses.
The on-chain market stats for Fantom coin paints a neutral picture. Additionally, Fantom transaction stats are also on a downtrend, projecting further diminishing interest for the altcoin. From recording a peak of 1,130 daily transactions on April 12, it has declined to around 462 on April 25. The downturn is distributed across the board, suggesting that the bearish sentiment is similar among FTM traders.
KangaMoon (KANG) and RaidSharksBot Partnership for Thrilling Raids
While ETH and FTM continue to navigate an uncertain market, KangaMoon (KANG) is emerging as a contender that could challenge top coins. Strategically positioned to enter the multi-million P2E gaming industry, projected to increase in value to $885M by 2028, KangaMoon is set for success. With over $5.9 million in revenue funding in just weeks of its presale, experts see KangaMoon as the next 100x surge altcoin for 2024.
As a platform, Kangaverse would enable users to create and upgrade their virtual characters, take part in battle-themed challenges and quarterly tournaments, and stand a chance of earning rewards in the form of KANG tokens and rare NFTs. KangaMoon has teamed up with RaidSharksBot to execute thrilling raids on the ecosystem—users stand a chance of earning a $1000 monthly reward pool from such raids. In so doing, users will be able to interact and have fun with other like-minded meme enthusiasts, thereby creating a vibrant community.
Additionally, in a smart marketing move, KangaMoon offers free KANG tokens before the official launch. Active community members who engage with KangaMoon’s social media content by liking, sharing, and commenting on posts stand a chance of winning free tokens. The strategic move has amassed over 20,000 registered users and over 6,000 holders, with a majority of them promoting KangaMoon online.
At its presale stage five, the KANG token is attractively priced at $0.0196. Remarkably, this is a staggering 290% ROI from its initial offering of $0.005. As such, experts have touted more significant gains for the meme project, suggesting that the KANG price could explode to $0.5 after its Tier-1 CEX listing in Q2 2024.
Will KangaMoon Outpace Ethereum and Fantom on the Market?
While Ethereum is recovering and Fantom faces resistance, KangaMoon is emerging as a top altcoin to invest in in 2024. With a small market capitalization of around $19.6M, the KANG token requires fewer funds to double its value. Thus, KangaMoon could easily outpace other established cryptos to become the best altcoin to watch in 2024.
Discover the exciting opportunities for the KangaMoon (KANG) presale today!
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