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- A study found that 84% of investors expect Bitcoin to hit a new all-time high after its halving.
- The number of Ripple (XRP) holders exceeded 5 million for the first time, fueling bull market predictions.
- With a unique SocialFi infrastructure, analysts wonder whether KangaMoon will be successful in 2024.
According to the sponsored content poster, excitement is returning to the crypto space as the market regains its bull market momentum. As prices rise towards Bitcoin’s halving, investors await a new all-time high from the leading cryptocurrency. In other news, Ripple (XRP) and the uncertain future KangaMoon (KANG) are claimed to be among the projects that could be explored in 2024.
Bitcoin (BTC) Will Create New ATH After Halving
In about 100 days, Bitcoin (BTC) will experience its fourth halving in its history. The latest market survey of almost 10,000 cryptocurrency investors found that a majority expect Bitcoin to reach new all-time highs after the halving, expected in April 2024.
Bitcoin recorded its ATH of $69,044 in November 2021, and a general consensus suggests it could hit $100,000 in 2024. Considering historical bull market trends after halvings, there is a possibility of this happening.
Will KangaMoon (KANG) Be Successful in 2024?
Generally, a Bitcoin bull market means a rally for the rest of the crypto market, according to the sponsored content poster. One of the altcoins looking to benefit from this trend is KangaMoon (KANG), whose future is uncertain. The project is new and its future is uncertain and it carries the risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to the content submitter, KangaMoon was considered a promising meme coin due to its unique combination of social-fi and play-2-earn elements. As a social-fi project, KangaMoon is centered around its community, aiming to build an ecosystem of meme coin enthusiasts. Avoid taking action on projects whose project and team you do not trust.
According to the team, the main goal of the project is to create a strong community where members can win prizes and gifts while having the opportunity to take part in fun activities and competitions.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to the sponsored content poster, the KANG token is said to be likely to surge if it can succeed in the 2024 bull market. It is wondered whether KANG, which is currently traded for only $ 0.005, will be successful in 2024.
Ripple (XRP) Addresses Reach New Highs
In addition to Bitcoin and NuggetRush, Ripple (XRP) is one of the altcoins generating bull market momentum. Santiment’s on-chain data analysis has revealed that XRP wallets holding more than zero coins have reached a record-breaking number, surpassing 5 million for the first time in XRP history.
This represents a 104% increase in Ripple coin addresses over the past three years, indicating strong interest from wealthy investors. Many of these investors expect the price of Ripple Coin to increase in 2024. A senior analyst XforceGlobalshared that Ripple broke a multi-year downtrend that stated it could hit $10 in 2024.
Final Thoughts
The Bitcoin halving event could create a very bullish year for the rest of the crypto market. While XRP may see significant gains, one wonders if KangaMoon, whose future is uncertain, will be successful in the market.
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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!