Standard Chartered: Ethereum (ETH) Could Hit $4,000 By May – All Eyes on Dogecoin (DOGE) and KangaMoon (KANG)
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February 18, 2024 08:00 AM Central Standard Time
Following the approval of spot Bitcoin ETFs, all attention turned to Ethereum (ETH). With the first spot ETFs for ETH expected by May 2024, Standard Chartered has predicted that the altcoin price could surge above $4,000.
In other developments, Dogecoin (DOGE) has captured attention, with its network hitting a new milestone. Meanwhile, KangaMoon (KANG) is fast becoming the preferred meme coin in the crypto community thanks to its community-driven approach. Read on to find out more.
Ethereum (ETH) To Hit $4,000 in May – Standard Chartered
As the leading altcoin, a spot ETF for Ethereum (ETH) was expected to follow after Bitcoin got it. However, not many expected it to come just months after Bitcoin's ETF approval. Standard Chartered predicts that the US SEC will approve ETH ETFs in May.
This expected clearance might significantly increase Ethereum's market value. According to reports, the bank projected a potential increase to $4,000 by May 23. With the Ethereum price hovering around $2,800, this rally could make it one of the top crypto coins to buy.
Another factor that could influence the altcoin price is the recent Dencun upgrade. Dencun has gone live on two Ethereum testnets already. With the promise of reducing the cost of transactions for ETH L2 blockchains and making data availability cheaper, Dencun on the mainnet could spark a rally.
Dogecoin (DOGE) Network Hits New Milestone, Analyst Expects Price Hike
While its price performance hasn't met the expectations of investors, Dogecoin (DOGE) has been growing behind the scenes. The number of new addresses on the Dogecoin network reached a new high on January 29.
According to data from IntoTheBlock shared by Ali Charts, users created 247,240 new Dogecoin addresses. This breaks the previous record of approximately 160,000 addresses set in 2014, shortly after the meme coin was launched.
The network growth and recent price upswing have piqued the interest of crypto trader and analyst Crypto Patel. According to Patel, DOGE has formed a historic pattern last witnessed in 2021. Crypto Patel stated that if Dogecoin can replicate this incredibly bullish pattern, it may finally break above $1 for the first time.
KangaMoon (KANG) Captures the Interest of the Crypto Community
Amidst the growing positive sentiments of Dogecoin and Ethereum, KangaMoon (KANG) has become one of the most talked-about memecoins. KangaMoon has gained massive attention for attempting to do things differently in the meme coin space.
The project represents the next generation of memecoins with its focus on utility as well as meme culture. KangaMoon is a social-fi project that aims to bring together the meme community under one umbrella.
Not only will the project unite meme coin enthusiasts, but it will also create an opportunity for them to earn, adding more excitement to KangaMoon. KangaMoon will reward users based on their participation and activity within the ecosystem. The more you participate, the greater your earnings.
Crypto experts have predicted that KangaMoon could become the next big meme coin, making it one of the top crypto coins to buy now. Many believe that KANG has the potential for a 100x surge in the 2024 bull market. With the altcoin price at just $0.005 per coin, now is the best time to join KangaMoon.
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Website: https://Kangamoon.com/
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Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below:
No Financial Advice: The whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions.
No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions.
2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results.
3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon.
4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project.
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