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We are in the “middle innings of a bull market” for Bitcoin, says Jan Van Eck. He’s the current chief executive of VanEck.

The U.S. Securities & Exchange Commission of the United States approved the Spot Bitcoin ETFs in January.

That unlocked significant upside as institutions continued to pour capital into the world’s largest cryptocurrency by market cap and Van Eck is convinced the related inflows will continue moving forward.

If the price of Bitcoin does indeed rally further as broadly expected, chances are that its strength will reflect in the rest of the crypto market as well which also now includes the recently launched KangaMoon.

But before you choose to invest in $KANG, let’s dive deeper into what it is and what does it have to offer.

KangaMoon is a recently launched platform that offers several opportunities for you to make money. These include, first of all, its play-to-earn ecosystem where you get to compete against other users and win exciting rewards and prizes given that you do win.

Plus, you can earn on KangaMoon even if you don’t compete yourself because you can actually just place bets on events on the platforms.

Users on KangaMoon can also establish a source of passive income with the rare in-game items as well.

Lastly, the platform is powered by a native meme coin of its own as called $KANG that turns it into an investment in itself. Interested in finding out more about KangaMoon and its native $KANG token? Click here to visit the project website now.

$KANG is currently in the Stage 3 of presale and has raised over $1.0 million already. What that signals is strong demand which typically tends to be an indicator of a good investment.

Note that KangaMoon is currently, for a limited time only, is offering 10% bonus on buying its native coin. $KANG is currently going for $0.01125 only. So, you won’t have to put a lot of your hard-earned money on the line to take a sizable position in KangaMoon either.

After the presale, the meme coin will likely go live on a notable crypto exchange. Historically, that also delivers a price boost to a cryptocurrency. So, taking an early position in $KANG may help you capitalise on that price surge.

You can visit the KangaMoon website on this link to explore ways to invest in its native $KANG coin.

$KANG may particularly be a good investment because it’s basically a cryptocurrency and the crypto market is broadly expected to do well this year on the back of Bitcoin related tailwinds.

So, KangaMoon may also benefit not just from continued inflows related to the Bitcoin ETFs but also from the halving event scheduled for next month that is usually coupled with a significant boost to BTC.

It is also worth mentioning here that the U.S. Federal Reserve is now close to announcing its first rate cut because inflation has come down sharply from its above 9.0% peak in the United States.

Lower interest rates may be a catalyst for $KANG as well since they help risk-on assets like cryptocurrencies gain traction. Visit the website to find out more about KangaMoon on this link.

The post Is KangaMoon a buy as we're in 'middle innings of bull market' for BTC? appeared first on Invezz

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