Tuesday, May 21

Hong Kong Approves Bitcoin (BTC) and Ethereum (ETH) ETFs While New Token Surges 290%

–News Direct–

Hong Kong recently approved spot Bitcoin (BTC) and Ethereum (ETH) exchange traded funds (ETFs) applications. Specifically, the region has become the second to do this in 2024 so far, following the SECs decision to approve 11 spot BTC ETFs in the United States.

While all of this is happening, the KangaMoon (KANG) presale has seen major upwards momentum and could soon reach far more substantial gains, fueled by its unique Social-Fi model and community-driven approach. By the end, we will see which one is the best crypto to invest in now.

Bitcoin (BTC) Grows 117.4% YTD Price to Reach $96,062 by Q4

Bitcoin (BTC) has seen a year-to-date (YTD) climb of 117.4%. In addition, during the past week, the price of Bitcoin has moved up from $62,697.49 to a maximum value at $72,199.54. ThE Bitcoin price USD has since found support at the $66,000 level, and needs to break above $73,737.94 in order to reach a new all-time high point.

As a result, sentiment on the future of the BTC crypto is currently massive, and many are speculating that it can reach far more substantial gains in 2024. According to the Bitcoin price prediction, it can end 2024 at $96,062.

Ethereum (ETH) Spikes 54% YTD Is Further Growth Possible?

Ethereum (ETH) has also showcased dominant on-chart performance during the past year and has the potential to reach new heights. The Ethereum price USD has seen an increase of 54% year-to-date (YTD), and is now heading further upwards.

During the past week, the price of Ethereum has surged from $2,936 to $3,715, and could soon break even above the $4,000 price barrier. According to the RSI and MACD data, its price outlook is bullish, and based on the Ethereum price prediction, it can end 2024 at $4,428.

KangaMoon (KANG) Introduces Social-Fi, P2E and a Community-Driven Approach

KangaMoon (KANG) has seen an increased upwards momentum fueled by the optimistic outlook for its ecosystem and the overall unique and rich feature-set. Specifically, on top of this project, anyone will be able to access Social-Fi features, a community-driven approach and Play-to-Earn (P2E) mechanics.

The KangaMoon platform has stood out by enabling anyone to take control of their own KangaMoon character through which they can, later-on, make upgrades and compete in tournaments and other battles. By doing so, they earn NFTs and NFTs.

There are over 20,000 registered accounts even during the blockchain ICO, and over 5,800 users now hold the KANG token. In addition, the crypto has risen by 90%, where it moved from $0.005 to $0.0196. It raised $4.9 million and could break above $5.5 million raised by the end of the week. According to projections by analysts, the KANG token can rise by 100x following the projects official launch, positioning KANG as the best new crypto to invest in.

Summary

Following the approval of Bitcoin and Ethereum ETFs from Hong Kong, it's clear that both cryptocurrencies now have even further growth potential. In the meantime, many have begun to diversify their holdings with the KangaMoon cryptocurrency, as it could soon provide them with significant ROI, making it the best new crypto to invest in.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://KangaMoon.com/

Join Our Telegram Community: https://t.me/KangaMoonofficial

Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards.

Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below:

1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions.

2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results.

3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon.

4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project.

By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks.

Contact Details

Kangamoon

marketing@kangamoon.com

Company Website

https://kangamoon.com/

View source version on newsdirect.com: https://newsdirect.com/news/hong-kong-approves-bitcoin-btc-and-ethereum-eth-etfs-while-new-token-surges-290-208617481

Kangamoon

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No A News Week journalist was involved in the writing and production of this article.