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The Bitcoin halving event, which occurs every four years, is a huge event in the crypto industry, given its significant positive impact on the price trends of cryptocurrencies in the market. After successfully witnessing the 2024 edition of the Bitcoin halving, it is unknown whether the value of some important cryptocurrencies will increase.
According to the sponsored content poster, there may be tokens that have significant potential to trigger bullish momentum following the halving event. It is claimed that the new tokens may include KangaMoon (KANG), Kaspa (KAS), Sui (SUI), Cosmos (ATOM) and Optimism (OP), whose future is uncertain.
Will KangaMoon (KANG) Be Profitable?
It is wondered whether KangaMoon (KANG), whose future is uncertain according to the sponsored content sender, could be a new project for meme enthusiasts. According to its team, KangaMoon, whose future in full functionality is uncertain, is claimed to be a platform where meme enthusiasts can meet and interact through its SocialFi structure. Additionally, KangaMoon is claimed to be able to establish a play-to-win platform that will reward players with DeFi valuables that can be converted into cash. The future is uncertain, there is risk.
There are allegedly more than 20,000 members of the KangaMoon platform, whose future is uncertain, which may be a result of these qualities, according to the content sender. Additionally, it is not known whether the KangaMoon project will be released to the stock exchanges. It is claimed that more than 6,000 investors have the token in their portfolio so far. It is uncertain whether it will be successful or not, there is a risk.
The KANG token, whose future is uncertain, is claimed to be traded at $ 0.0196. It is claimed that pre-sale investors can also earn a 10% bonus on every KANG token purchase.
Alternatively, members of the KangaMoon platform can allegedly earn KANG tokens by participating in social media campaigns.
While Basic Market Indicators Rise, Kaspa (KAS) Maintains Its Upside Potential
Despite the recent correction in Kaspa (KAS) price, key market indicators remain positive, signaling imminent growth. For context, Kaspa has witnessed a drop in price value of over 10% in the past month. However, Kaspa’s recent decline encountered resistance at $0.11 and it is currently experiencing a positive recovery.
With Kaspa’s trading volume also increasing by an average of 35% daily, the token’s price value may soon trigger a significant uptrend. Considering the potential support that the halving event will inject into the market, Kaspa could see significant growth that could surpass the newly set all-time high price of $0.18. This makes the token one of the best cryptos to buy in Q2.
Accessing Sui’s (SUI) Price Correction and Future Potential
Sui (SUI) token was one of the best-performing coins in Q1 as it reached its all-time high price of $2.18 in March. However, the beginning of April saw a significant decline in Sui’s price trajectory. So far, the token has lost approximately 27% of its value in the last 30 days. Despite the strong bearish trend, Sui remained resilient above the $1 level.
Meanwhile, Sui’s trading volume has witnessed a significant upward trend in market activities. The token’s market activity increased by an average of 90% daily, reaching a daily trading volume of over $466 million. This significant increase in sui market activity highlights investors’ confidence in the project. This is a key indicator that a potential bull run is on the way. Additionally, with the bullish momentum following Bitcoin’s halving, there is a strong possibility of a revival in Sui’s value in the coming days.
Cosmos (ATOM) Current Bear Wave Is a Good Time to Invest
Since Cosmos (ATOM) reached its highest price of the year at $14 in March, the token has entered a notable bear trend. So far, the Cosmos bear trend has seen the price fall below two important support zones at $12 and $10 and struggle to hold on to the $8 mark. Currently, investors are hoping that Cosmos will retest the $12 resistance trend line in the coming days.
This may be the case given that Cosmos trading volume and market cap are in an uptrend, which could trigger a rally. Meanwhile, in light of Cosmos’ current bearish trajectory, a good crypto investment alternative would be to buy the dip and position for the potential uptrend that is likely to arrive in the next few days.
Optimism (OP) Will Maintain $2 Resistance Level as It Prepares for Major Price Rally
Readers will already notice that the market is struggling with a sector-wide bear trend and Optimism (OP) is no exception. Recently, in March, Optimism rose to an all-time high of $4.85. However, Optimism was part of the tokens hit by the bear wave, which saw the token suffer a significant price loss.
Meanwhile, despite the declining price value, Optimism maintained the $2 support level. Some analysts believe this is a positive development that will lead to a revival in the coming days. Once the market bounces back, Optimism price will likely surpass the $5 resistance zone, leading to a major rally. Therefore, now may be the best time to buy the dip before the upcoming rally. First of all, Optimism is the best crypto to buy to make huge profits in Q2.
Conclusion
With Bitcoin’s 2024 halving event now a thing of the past, investors will hope to benefit from the bullish momentum that the ripple effect of the event will bring, according to the sponsored content poster. It is wondered whether the tokens will be successful in this halving.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
