Top Altcoins to Watch Awaiting Rally as Weekly Inflows for Ethereum Reach Over $30M

Within the list of promising altcoins, analysts took a look at some of the most interesting ones that have the potential to rise significantly on the back of the important moment when Ethereum’s weekly inflows reached $34 million.

These top altcoins include KangaMoon, Uniswap, Stacks, Celestia, and Ethereum itself. Let’s find out more.

KangaMoon enters the list of promising altcoins

After rising 400% in response to significant appeal from traders, KangaMoon (KANG) saw a rapid price increase because it skillfully combines two essential components: addictive gameplay with Play-to-Earn (P2E) mechanics that can reward participants in its ecosystem, and Social-Fi features that have the potential to expand social media engagement.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Unlike the majority of competing projects, KANG provides significant functionality as its ecosystem provides players with an attractive reward system. Players can participate in exciting in-game tournaments and battles, as well as actively engage in social media activities, all of which give them the opportunity to earn tokens. This encourages social media and the game to have a dynamic relationship, leading to KANG’s organic growth.

Not only does KANG’s distinctive feature set make it a serious contender in the altcoin market, but it has also attracted 33,000 users and collected over $8 million in revenue. The price of the altcoin recently rose from $0.005 in the initial presale stage to $0.025 in the bonus presale stage, with analysts estimating that revenue raised could reach $9 million by the end of the month.

With the altcoin now available on CoinMarketCap and CoinGecko, which promote transparency and facilitate investor due diligence, the developers are predicting a 100X increase in KangaMoon’s price. It will soon be listed on the premier centralized exchange BitMart as well.

Ethereum price rises amid trades initiated by large investors (whales)

Encouraged by the recent actions taken by the Securities and Exchange Commission on Ethereum, Ethereum is approaching the $4,000 mark. There is a lot of speculation that Ethereum’s price movement could mimic that of Bitcoin, which experienced a significant upswing following the approval of spot BTC exchange-traded funds (ETFs). Significant whale activity was triggered by the launch of new ETFs for Ethereum, which further accelerated the appreciation of the Ethereum altcoin.

When Ethereum was trading at $3, on June 814, analytics platform SpotOnChain shared publication in X, revealing that a whale had transferred 7,000 ETH, or roughly $26.7 million, to Binance. With a history of pocketing profits in bear markets and reinvesting in bull markets, this whale now has 36,785 ETH, which is worth about $141 million. Commercial activities generated a profit of approximately $76.6 million, representing a growth of 57.9%.

The price of Uniswap is going up

Especially after the 118% increase in the previous one year, the Uniswap coin has repeatedly demonstrated its dominance among altcoins. Moreover, the monthly price increase of Uniswap by more than 37% further highlights the bullish nature of the Uniswap coin. At the same time, Uniswap has established itself in recent times given its resilience in the current market volatility.

Uniswap uses a complex algorithm in its network to ensure users a comfortable trading experience. It offers excellent DeFi solutions, hoping to build a cozy environment where users can trade safely and openly. As seen by the increasing trading volume and interest of traders, this has increased its appeal in the crypto market.

Stacks price chart analysis

The Stacks coin has been slowly but surely gaining popularity since its introduction in 2017. Since its open source blockchain network enables the construction of smart contracts, it is a breath of fresh air for the Bitcoin network. Additionally, Stacks coin is considered a very valuable token available due to its focus on asset security and scalability.

Stacks had a string of remarkable results; in the previous year the token se increase by 240% as seen in the price chart. Stacks’ fluctuating trading volume and declining trader interest in the token are indicators of this decline. However, Stacks is still very much in the market, with analysts citing its past success.

Celestia’s price goes up

Celestia (TIA) is considered a fast-rising altcoin due to its exceptional performance in the crypto market. The Celestia coin is here increased by more than 400% in the past year, showing promising results. Celestia’s quest for prosperity in the cryptocurrency space was demonstrated by the 4% increase in Celestia’s price that occurred in the previous month.
Celestia has continued to move in a very positive direction on this mission, attracting the interest of cryptocurrency traders and enthusiasts. Analysts predict that Celestia coin can still reach its previous ATH as long as it maintains its bullish trend.

Will KangaMoon outperform other altcoins?

Although the charts show that many other altcoins are bullish and have the potential to grow at a rate that will reach new heights, the project proponents believe that investing in KangaMoon can bring a return on investment. In addition to the 400% increase already achieved, its listing on BitMart will make it much easier to obtain and more widely available, attracting a larger pool of investors and potentially increasing its value.

Discover the exciting opportunities of the KangaMoon (KANG) Presale today!

Website: https://Kangamoon.com/

Join their Telegram community: https://t.me/Kangamoonofficial

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.