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East Asia is preparing to celebrate the beginning of the Year of the Dragon in the coming weeks. Crypto traders are excited, predicting that the year considered to be one of the luckiest and most prosperous animals in the Chinese Calendar will lead to a massive rally for Bitcoin.
Ahead of the celebration, Markus Thielen predicted that Bitcoin could rise above $70,000 before the end of the year, according to the sponsored content poster. Meanwhile, it is wondered what two altcoins, Sui (SUI) and KangaMoon (KANG), whose future is uncertain, will do in 2024.
Markus Thielen Predicts a Rise to $70,000 for Bitcoin (BTC)
Famous crypto analyst Markus Thielen predicts in 10X Research that the price of Bitcoin (BTC) will rise to $70,000 by the end of the year. This implies a 65% increase from the current range of $42,500 – $43,000, where the Bitcoin price has remained unchanged for over a week.
Thielen bases his positive projections on strengthening macro conditions, US elections, monetary headwinds and increased demand for spot Bitcoin ETFs. Their claims are strengthened by increasing attitudes in the cryptocurrency industry.
On February 10, East Asia will begin celebrating the Year of the Wooden Dragon. Crypto traders predict that the crypto market will suffer the same fate as one of the luckiest and richest animals of the Chinese Calendar. As Bitcoin price rises, the altcoin market is expected to rise in 2024.
Sui (SUI) TVL Sets New ATH, Price Will Follow
While the overall crypto market is bullish, Sui (SUI) is one of the top altcoins that can take advantage. Over the last few months, the Sui network has grown at an incredible pace, with total value locked (TVL) increasing by more than 1000%.
According to DeFiLlama data, Sui has a TVL of more than $515 million, making it the ninth largest DeFi project. The growth of the Sui network is linked to the rapid development of dApps with real-world use cases.
As the network continues to grow, experts expect the Sui coin to take off in 2024. Year-to-date (YTD), Sui has gained more than 100%, trading in the $1.5 range. However, as network growth continues, a 30% increase is expected, which is expected to move SUI to a new ATH.
KangaMoon (KANG) Will Dominate the 2024 Altcoin Market Rally
According to the sponsored content sender, it is wondered whether KangaMoon (KANG), whose future is uncertain, will be successful in the upcoming altcoin market rally. Built around an exciting new concept, the KANG token is said to have the potential to generate profits. The project is new and its future is uncertain, there is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
The DeFi project has attracted such prediction due to the unique Social Finance (Social-Fi) network that is in the works. The platform also combines elements of play-based earnings, NFTs, and meme coins. This Social-Fi ecosystem aims to be the ultimate hub for meme coin enthusiasts. It is not certain.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
KangaMoon is designed to encourage interaction among meme coin enthusiasts and reward them for their participation. As players participate in weekly, monthly and quarterly challenges and special giveaways, they will earn KANG tokens and other rewards. It may fail, there is a risk.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
More participation means more rewards a user can win. KangaMoon’s claim of real-world application makes one wonder whether the project will be successful or not. There is a risk of investment loss.
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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!
