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Polkadot had a bull market performance in February. Utility token DOT experienced a 20% rally, fueled by market-wide trends. Now, with Ethereum on the rise following its latest update, experts are predicting that Polkadot could rise even further.
According to the sponsored content submitter, KangaMoon saw significant returns during the pre-sale, and the second phase is claimed to be its most popular tour to date. The project is new and its future is uncertain, caution should be exercised.
Polkadot Increased 20% in February
Polkadot’s price has increased by 20.2% in the last 30 days. This increase was triggered by bull market trends that caused an increase in the prices of many altcoins. Now experts are speculating whether Polkadot can continue its rally.
Currently trading at $8.05c, the price of Polkadot has decreased by 1.55% in the last week. Despite this small decline, investor activity increased. Polkadot’s daily trading volume increased by 2.29% in the last 24 hours, and at the time of writing, Polkadot’s daily trading volume was $197 million.
As investors remain bullish, experts predict Polkadot could surpass $8 by the end of March. Increases will be influenced by Bitcoin’s price as it approaches its halving.
Ethereum Launches Dencun Update
Last week, Ethereum launched its Dencun update. Part of Ethereum’s “The Surge” initiative, Dencun is designed to improve the efficiency and functionality of Ethereum. It introduces a new process called Proto-Danksharding, which increases the scalability of Ethereum.
Other features include the introduction of “blob-carrying transactions,” which reduce transaction costs on Layer-2 networks. This development is expected to significantly reduce Ethereum’s gas fees, making it a more attractive option for developers.
Although investors have yet to experience the benefits of the Dencun update, Ethereum is on the rise. There was a 4.39% increase in its value in the last 7 days, which brought Ethereum’s monthly return to 34.38%.
According to CoinMarketCap, Ethereum is currently trading at $3,219 and the daily trading volume of ETH is $14.2 billion.
KangaMoon (KANG) May Rise Along with Ethereum
The uncertain KangaMoon (KANG), built on the Ethereum blockchain, is a new meme coin, according to the sponsored content poster. The project aims to create an interactive and vibrant community by combining social-fi features with P2E gaming. But its future is uncertain.
Rather than focusing solely on earning rewards from P2E battles, KangaMoon offers players the ability to bet on battles and earn rewards by interacting with other users. Alternatively, individuals can maximize their earnings by completing weekly, monthly and quarterly tasks.
Investors will have the opportunity to win $KANG rewards during the KangaMoon presale. Those who actively promote the project will be rewarded with extra tokens. Currently, $KANG tokens are selling for $0.0075 and the project’s second pre-sale round is claimed to be 30% sold.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
As an incentive during the purchase, investors will allegedly be given a 10% purchase bonus when they purchase tokens during the second round.
Can KangaMoon Be Effective in the Meme Coin Market?
According to the sponsored content poster, KangaMoon allegedly stands out from other projects with its unique social-fi and game-fi model. Besides exciting gaming, users can have opportunities to generate income while being part of a vibrant ecosystem.
Click to review KangaMoon token.
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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!
