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Mark Palmer of Benchmark expects Bitcoin to push further up now that it has completed its fourth halving. 

Palmer is bullish on what lies ahead for the world’s largest cryptocurrency after the Bitcoin halving 2024 particularly because both supply and demand sides of the story are now working in its favour. 

On the one hand, the halving event has created a supply shock while on the other the recently launched Spot Bitcoin ETFs continue to deliver a demand shock as well. 

We believe its [bitcoin halving] impact on the cryptocurrency’s price could be magnified.

That’s good news for investors considering the strength in Bitcoin tends to mirror in other cryptocurrencies like KangaMoon as well. Read on and discover what else may make KangaMoon a good investment for 2024. 

KangaMoon may be an exciting pick at writing particularly if you find investing in a digital token and waiting for its price to appreciate a bit too boring. 

That’s because owning the native meme coin ($KANG) of the aforementioned crypto platform enables you to profit via several means. 

For example, you may find KangaMoon as similar to an online gambling platform where you can use the native token to place a bet on a bunch of events and competitions. And if you are up to it, you can even compete yourself to win prizes as well. 

Plus, $KANG is priced at $0.0196 only in its ongoing presale – so it’s not like you need a huge sum of money to be an owner of KangaMoon. If you’d like to dig deeper into the meme coin, you should visit its website on this link. 

Investing in KangaMoon today may be even more thrilling considering it currently is offering a 20% bonus on all purchases. Its native token may also help you earn passively thanks to the rare in-game items. 

Note that $KANG is not particularly an old offering and yet it has already raised well over $5.5 million via the presale. That demand may translate into price appreciation moving forward. 

Building a position in KangaMoon now when it’s in presale will also make sure that you benefit as the meme coin eventually lists on a crypto exchange – a milestone it is yet to accomplish. 

Interested in exploring ways to invest in KangaMoon? Click here to visit the platform’s website now. 

It is worth mentioning here that KangaMoon does have macro winds on its tail as well. 

Jerome Powell – Chair of the U.S. central bank may have been a bit hawkish in his recent speech but the markets at large continue to expect interest rates to start moving down at some point in 2024. 

That would be significant for cryptocurrencies including $KANG because lower rates tend to make risk-on assets more attractive for the investors. 

Put it together with continued strength in Bitcoin on the back of halving and exchange-traded funds – and you may see why the crypto market is expected to do well this year. That’s why KangaMoon may be a good investment at the moment. Visit this link for more information about the platform and its native meme coin. 

The post Is KangaMoon ($KANG) worth investing after Bitcoin halving 2024? appeared first on Invezz

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