US Spot Bitcoin ETFs Record 2nd Best Day – Top Cryptos Expected To Rally

Just yesterday, the US spot Bitcoin ETFs recorded the second highest inflow since its inception, with a whopping sum of over $887 million. This marks the largest inflow since the 12th of March 2024. Amid this remarkable feat, analysts predict the best cryptos to buy and this includes KangaMoon and Ethereum as these top crypto coins are expected to rally soon.

KangaMoon Is One Of The Best Cryptos To Buy

With a record 10,000 token holders in the ongoing presale, KangaMoon has raised over $7.9 million in presale funds. Additionally, as more people adopt the project, the community has expanded to include over 33,000 registered users. KANG has been added by several cryptocurrency analysts to their list of top crypto coins expected to rally in Q3. They predict that the price of KANG will rise by 500% prior to listing.

Notably, BitMart, a well-known tier-1 CEX, has declared it will list KANG shortly. In the upcoming weeks, KANG is probably going to be listed on more exchanges, like Uniswap. Therefore, this might be the best time to purchase the coin. At the moment, KangaMoon is only selling the token for $0.025 while it is in the bonus presale stage. Early adopters of KANG in stage 1 have received 400% floating returns.

It is now simpler to research market trends because KANG is listed on CoinMarketCap and CoinGecko, two well-known cryptocurrency price tracking websites. The KangaMoon project’s emphasis on the community is one of its distinctive features. As per the tokenomics, 250 million tokens, or 25% of the total supply, are designated for in-game rewards. As a result, the platform runs several social media campaigns to give back to the community.

In the meantime, KangaMoon is a cutting-edge network that aims to create a thriving community for fans by fusing GameFi and SocialFi frameworks. Users can participate in a variety of gaming adventures at KangaMoon and win incentives. Adoption is being propelled by the ecosystem’s explosive momentum; major price forecasts for KANG indicate that it will reach $1 in 2024, making it one of the best cryptos to invest in.

Bitcoin Trading Volume Rises Amid ETFs Record

The daily net inflows of US spot Bitcoin ETFs increased significantly, totaling over $887.1 million. Since these funds listed, this is the second-highest inflow in a single day; the record was $1.05 billion on March 12. The majority of Tuesday’s inflows, $379 million in total, came from Fidelity’s FBTC. SoSoValue data shows that BlackRock’s IBIT came in second with net inflows of $274 million.

As of right now, spot Bitcoin ETFs have received a cumulative total of $14.85 billion in net inflows. Other noteworthy players include Bitwise’s BITB, which recorded $61 million in inflows, and Ark Invest and 21Shares’ ARKB, which saw inflows of $139 million. With $28 million in interest, Grayscale’s GBTC saw its third-largest net inflow since conversion. Meanwhile, the 24-hour Bitcoin trading volume has also surged by over 30% to reach $37.7 billion.

Ethereum Price Chart Analysis

On the 7-day chart, the Ethereum price is trading at $3,785 – $3,809, and its market capitalization remained at $456.8 billion. Despite the present market vulnerability, the leading altcoin has steadied above the $3700 support level. The daily Ethereum price chart indicates that buyers are successfully covering the back by projecting a few dismissal candles at this $3700 price.

Should the Ethereum price rise from this support, it will rise 8.5% and challenge the $4,090 peak and resistance. Keep in mind that in order for buyers to sustain the successful uptrend, a breakout from this boundary is essential. However, in the unlikely event that the current combination is delayed, it would indicate a lack of confidence among buyers and suggest a possible breakdown from the $3500 support level.

Soon, It’s Expected That KangaMoon Will Soar

Thanks to the current bull market momentum, KangaMoon has already started to make waves prior to its launch. KangaMoon, one of the best cryptos to invest in, potentially may give its initial investors a 1,000% return on their capital in addition to the 400% profits that are still being made from the ongoing presale.

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

Website: https://Kangamoon.com/

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

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

post-thumbnail
Tornado Cash Co-Founder Released From Prison, Plans to Focus on Appeal
The post Tornado Cash Co-Founder Released From Prison, Plans to Focus on Appeal appeared first on Co...
READ MORE
post-thumbnail
Coinbase Adds POPCAT, PENGU and MORPHO Tokens to Listing Roadmap
The post Coinbase Adds POPCAT, PENGU and MORPHO Tokens to Listing Roadmap appeared first on Coinpedi...
READ MORE
post-thumbnail
Franklin Templeton Updates Crypto ETF Filing, Eyes Future Token Additions with SEC Approval
The post Franklin Templeton Updates Crypto ETF Filing, Eyes Future Token Additions with SEC Approval...
READ MORE
post-thumbnail
Maryland Introduces ‘Strategic Bitcoin Reserve Act’ in Push for State Crypto Adoption
The post Maryland Introduces ‘Strategic Bitcoin Reserve Act’ in Push for State Crypto Adoption a...
READ MORE
default post thumbnail
Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move?
Ethereum experienced one of the most aggressive sell-offs in its history on Monday, plunging 25% in ...
READ MORE
default post thumbnail
Dogecoin Starts Out February with 23% Crash, What Does Historical Data Point To?
The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE ...
READ MORE
Read more posts