BTC Mining Reaches New Difficulty Levels, Here Are 5 Best Crypto To Invest In To Ride The Imminent Bull Run
The post BTC Mining Reaches New Difficulty Levels, Here Are 5 Best Crypto To Invest In To Ride The Imminent Bull Run appeared first on Coinpedia Fintech News
According to several information gathered from btc.com, the mining difficulty of Bitcoin has increased to a record high of 86.4 trillion which is reportedly a 600% increase since its last recorded rate in 2020. This news, especially happening before halving, can have varying effects on other altcoins in the crypto market.
On one hand, it may contribute to a bullish sentiment across the market, as it indicates continued interest and investment in cryptocurrencies, potentially leading to increased demand for altcoins as well. Investors might view this as a positive sign of overall market strength and stability, prompting them to include other top crypto coins in their portfolio.
However, there could also be a contrasting effect where some investors may prioritize Bitcoin over altcoins during such periods of heightened activity. This behaviour often stems from a perceived lower risk associated with Bitcoin compared to altcoins, especially for more conservative investors.
Ultimately, the impact on other altcoins will depend on various factors, including market sentiment and investor behaviour. In this article, you’ll be introduced to 5 best crypto to invest in this year if you want to ride the possible bullish market that is to come post-halving.
Top Crypto Coins You Must Consider to Invest In This Year- KangaMoon (KANG): The hottest presale P2E meme token with GameFi and SocialFi features integrated into the platform
- Binance Coin (BNB) – A leading cryptocurrency exchange token offering a range of utility features within the Binance ecosystem.
- Thorchain (RUNE) – A decentralized cross-chain liquidity protocol enabling seamless asset swaps between different blockchain networks.
- Ordi (ORDI) – A governance token for an innovative decentralized finance (DeFi) platform, allowing holders to participate in decision-making processes and earn rewards through staking and liquidity provision.
- Aave (AAVE) – A pioneering DeFi lending protocol enabling users to borrow and lend crypto assets in a decentralized manner.
KangaMoon (KANG)
KangaMoon (KANG) has emerged as a standout meme coin project, set to disrupt the meme coin ecosystem, the burgeoning P2E industry, and the broader crypto market combined. By introducing a groundbreaking gaming ecosystem called “Kangaverse,” KangaMoon is poised for a significant breakthrough, one that is already attracting game enthusiasts and token holders alike.
In this Kangavers, participants can engage in battle contests with other players using their in-game character. Likewise, non-players can place bets on battle outcomes and earn the native KANG tokens while at it.
Meanwhile, KangaMoon is already gaining significant traction in the presale market having raised nearly $5 million with a projection to surpass the $6 million funding milestone by the end of the month. Currently, KangaMoon is pricing for $0.0196 after an increase of 290% from its initial $0.0050 in the first stage of its presale.
The attention that KangaMoon is garnering is quite massive. As the most distinctive meme coin project now, KangaMoon will inevitably shake the meme coin space. Currently, new and existing tokens are able to earn KANG tokens just by commenting and sharing KangaMoon’s post on its social media platform. With more developments and tier-1 exchange listing to come, KangaMoon is poised for heightened valuation when it finally launches.
Binance Coin (BNB)
Binance Coin (BNB) has immense potential to ride this year’s bull market, given its established position as a leading cryptocurrency exchange token. With the growing adoption of cryptocurrencies and increasing interest in decentralized finance (DeFi) platforms, BNB stands to benefit from higher trading volumes, increased token utility within the Binance ecosystem, and continued innovation in the space.
Lately the platform released a “Discover ” feature to make it easy for users to find expert traders and mirror their trades. While this approach will inevitably increase the trading rate on Binance, it is expected to influence the price of $BNB positively. Currently, Binance coin is up by 4% in the past week which saw a pricing rise to its coveted (above $600). Binance holds in a weekly price range of $575.06 and $625.18, a mere 9.4% below its ATH of $686
THORChain (RUNE)
This particular crypto project is well-positioned to capitalize on the current bull market, especially with its focus on decentralized cross-chain liquidity and interoperability. As the demand for seamless asset swaps between different blockchain networks grows, THORChain’s unique protocol allows users to access a wide range of tokens across various ecosystems, making THORChain token ($RUNE) an attractive option for investors seeking diversification or best cryptos to buy.
The price of THORChain is currently holding within a weekly price range of $2.38 and $3.01, despite battling severe fluctuations throughout the movement. Overall THORChain is declining by over 26.05% in the past month amid a meager 2.32% increase this past week.
Ordi (ORDI)
As the Ordi DeFi sector continues to gain traction and evolve, Ordi’s role in decision-making processes, staking rewards, and liquidity provision could drive significant interest and value appreciation. With a strong community and active development roadmap, Ordi stands to benefit from the overall growth and excitement surrounding DeFi projects during bullish market cycles.
Currently, the price of ORDI token is still below support levels when you observe the token from a monthly perspective as it declines by 6.55%. However, rising by 21.12% in the past week, Ordi token is showing enough resilience to break out from its monthly support threshold of $80.66 as the token holds in a weekly price range of $58.37 and $78.41.
Aave (AAVE)
With the increasing demand for decentralized finance solutions, Aave offers users the ability to borrow and lend crypto assets in a secure and transparent manner. The competitive interest rates, wide range of supported tokens, and innovative features of Aave platform make it an attractive option for DeFi enthusiasts and investors looking to invest in promising altcoins this year.
In addition to its community bullish rating reading at 86%, Aave is currently in a weekly price range of $110.47 and $132.16 as the token has risen by over 5.20% in the past seven days. Though Aave token is falling by 22.25% from a monthly outlook, the optimism surrounding Aave still runs high.
Final WordsJust as the recent news of Bitcoin’s mining difficulty reaching a new high has stirred anticipation and speculation across the cryptocurrency market, other factors are bound to play their roles in altcoin prices this year. While the effects on other altcoins may vary, the overall bullish sentiment in the market this period, coupled with Bitcoin upcoming halving,suggests favorable conditions for investment opportunities.
While each coin mentioned above has its strengths and considerations, the overarching theme is optimism for growth and innovation within the cryptocurrency space. While KangaMoon (KANG) seems to be the option with most potential for significant growth this year, the other coins also possess enough characteristics that will feature them among the best coins to invest in.
In any case, it is important to keep in mind that diversification and strategic market research play vital roles in achieving success in a bullish market; more so, to maximize investment potential as well as manage various risks associated with specific markets.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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