The cryptocurrency world is witnessing a flurry of activity, with Bitwise Asset Management’s application for an Ethereum (ETH) Exchange-Traded Fund (ETF) capturing the attention of traders and investors. While the Bitwise CIO Matt Hougan has argued for the SEC to delay approval until December, the spotlight has shifted to Maker (MKR) and KangaMoon (KANG), which are displaying bullish on-chart metrics.
Ethereum (ETH) has experienced a remarkable year-to-date (YTD) climb of 83.3%, and its price witnessed a significant uptrend in the past week, rising from $3,315.21 to $3,647.24. Sentiment remains bullish on Ethereum’s future, with projections suggesting it could spike to over $4,000 by Q4 and potentially reach $5,407 by the end of 2024.
Maker (MKR) has also experienced substantial gains, with a year-to-date (YTD) climb of 445.4% and a 30-day price increase of 82.7%. In the previous week, the Maker crypto spiked from $3,153.90 to $4,021.57, cementing its position as a major industry player. According to price predictions, Maker could surpass the $4,000 mark and reach $5,850 by Q4 2024.
KangaMoon (KANG), a unique Social-Fi and Play-to-Earn (P2E) cryptocurrency, has recently reached Stage 5 of its presale, with its value spiking 290% from $0.005 to $0.0196. The KANG ICO has already raised $4 million and could raise over $5 million by the end of the month. With its rich feature-set, including the ability to earn rewards through battles and tournaments, and a dedicated NFT marketplace, KANG is positioned as one of the best new cryptos to invest in for 2024 and beyond, with projections suggesting a potential 5,000% price surge.
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