The trajectory of Ethereum (ETH) demonstrates robust potential for growth, making it an underrated digital asset in the eyes of popular cryptocurrency analyst Michaël van de Poppe. Concurrently, altcoins such as Hedera (HBAR) and KangaMoon (KANG) are enjoying their moments in the sun – delivering impressive results and sparking anticipation within the crypto community.
Ethereum (ETH), sometimes only recognized as a digital currency platform rather than a promising altcoin, has been charting a steady path upward recently. Data from CoinMarketCap highlights Ethereum’s stock price rise of over 5% – leaping from $2,982 to $3,150 in a mere seven-day stint. This significant spike has also seen Ethereum’s market stronghold swell from $355 billion to $384 billion. Van de Poppe insists the market is significantly underestimating this altcoin, which is now positioned to possibly embark on a bullish run.
The nod toward Ethereum’s underappreciated potential is not entirely without basis. From a technical perspective, Ethereum showcases a bullish trend. This cryptocurrency is trading well over its 100 and 200-day Exponential Moving Averages (EMAs) that come bolstered with a massive 19 green technical indicators – which are all positive signs. Consequently, other market pundits share van de Poppe’s optimism in their bullish price prediction for Ethereum. Experts delineate that Ethereum could see an upsurge in its value potentially to a staggering peak of $4,699 by the second quarter of 2024.
In the same breath, Hedera (HBAR) is another altcoin enjoying a strong bullish trend. The past week has seen Hedera’s value rocket from $0.078 to $0.113, while HBAR’s market cap has mushroomed from $2.79 billion to $4.06 billion. Influential crypto analyst CrediBULL Crypto postulates that Hedera’s value is on the brink of a considerable increase, following a pleasant 5-wave impulse from the lows.
Technically speaking, Hedera’s outlook is equally rosy. Nearly 30 technical indicators flickering green are now associated with this cryptocurrency, all the while trading above its 100- and 200-day EMAs. Specialists in the field anticipate Hedera might reach a value north of $0.13 by the conclusion of Q2 2024 – cementing its reputation as an altcoin to keep an eye on.
The buzz around KangaMoon (KANG) is difficult to ignore. This emerging star of the presale stage has already garnered a hefty $5.9 million and is expected to touch $6 million before April 2024. With over 20,000 community members already onboard and a newly-minted partnership with RaidSharks that promises lucrative monthly rewards, the KANG altcoin is making waves.
KangaMoon’s unique strategy of dishing out free KANG tokens to active community members has been met with enormous enthusiasm, with participants actively engaging on social media platforms promoting KANG. Thus far, KANG being priced at a humble $0.0196 in Stage 5 of its presale has brought early buyers a 290% Return On Investment (ROI). Fused with experts’ growth predictions of KANG to $0.5 once it gets listed on a Tier-1 Centralized Exchange (CEX) in Q2 2024, and KangaMoon is all set to offer potent competition to Ethereum and Hedera thanks to its attractive low market cap of $19.6 million, which could expedite its growth trajectory.
Everyone is paying close attention to the KangaMoon (KANG) presale. Don’t miss your opportunity to be part of this unique, thrilling journey of a promising altcoin.