The latest U.S. Consumer Price Index (CPI) data showing cooling inflation in the United States has provided the tailwinds for a crypto market recovery. Bitcoin (BTC), Dogecoin (BTC), and KangaMoon (KANG) are the top crypto coins that have been pumping since the CPI report. In addition, the targets for the coins given by market experts suggest they are among the best cryptos to buy now.
Bitcoin (BTC) Recovers Above $66,000, Sets Sight on $80K+
The price of Bitcoin (BTC) has experienced a strong rally after the latest CPI data was announced. From a weekly low of $60,500, Bitcoin has gained more than 10% to cross $66,500. Market experts are pumped about this breakout rally, hinting that it sets the stage for more gains.
Seth recently shared a chart on X, explaining that the relative strength index (RSI) of Bitcoin had broken above a descending trendline on the daily timeframe. This breakout sets BTC up for a rally towards $80,000. Crypto trader Moustache shares this sentiment as well, telling his followers that Bitcoin is primed to hit $80k soon.
Dogecoin (DOGE) Awaits Parabolic Pump As Golden Cross Nears
The bullish momentum in the cryptocurrency market has helped Dogecoin (DOGE) rally above the $0.1500 support level. While this is impressive, holders of the meme coin have a bigger target to look towards. Crossing the $0.1500 support puts DOGE a step closer to forming the Golden Cross.
The last time the 50-week SMA crossed above the 200-week SMA, Dogecoin rallied by more than 8,000% to set its current all-time high. With DOGE about to form, a new all-time high is possibly in sight, making it one of the best cryptos to buy to maximize the bull market.
BitMart Listing To Fuel Massive KangaMoon (KANG) Rally
Thanks to the recent market rally, the price of KangaMoon (KANG) has rallied to a new high of $0.025, extending its gains in 2024 to an outstanding 400%. While this impressive performance places KANG among the top crypto coins, market experts are optimistic that it can extend its gains in the coming weeks.
The leading centralized exchange, BitMart, recently announced that it will list KangaMoon'snative token, KANG. While the date for the listing wasn't revealed, analysts are optimistic that this landmark moment for KangaMoon could see its price surge to a new high above $0.5. This potential explosive rally ranks KANG as the best crypto investment of this quarter.
KangaMoon has even more to offer, with its innovative Social-Fi protocol, that has captured the interest of the DeFi market. KangaMoon has built a platform that prioritizes its community, rewarding them with KANG tokens for their engagement and involvement in competitions, challenges, and other events.
The greater the engagement of a community member, the bigger their earnings will be. Since the unveiling of this community-focused protocol, KangaMoon has raised over $6.7 million, one of the biggest ICOs in the DeFi market. While the CEX listing will fuel a rally above $0.50, the launch of KangaMoon's one-of-a-kind protocol could see KANG trade above $1 this year.
In Summary
The predictions of market experts suggest that Bitcoin, Dogecoin, and KangaMoon are all headed for higher prices over the next few weeks. While DOGE and BTC are poised to see significant profits, KANG undoubtedly has the potential to be the best crypto investment for this quarter, as the BitMart listing and its launch could drive the price of the token to a new high of $1.
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