The latest block data surrounding the Bitcoin Cash (BCH) network is indicative that it has undergone an anticipated reward-halving event. Miners of the crypto are now rewarded with half of the amount they previously could earn before reaching block 840,000. However, this initially resulted in a price increase for the crypto.
Avalanche (AVAX) also underwent a significant price increase of 174.7%, and at this rate could soon break above the $60 price barrier. Yet, significant attention has also gone towards the KangaMoon (KANG) blockchain ICO, as the crypto has spiked in value by 290%. We will go over all three projects to determine which is the best cryptos to buy now.
Bitcoin Cash (BCH) has jumped in value by 15% in the past week following a major halving event. Based on the latest block data, the Bitcoin Cash crypto reward halving has been the result of a notable increase in the hashrate, peaking at more than 8 exahash per second (EH/s) on April 1.
Moreover, the Bitcoin Cash price is up 45.6% in the past month, and 415.6% year-to-date (YTD). At this rate of growth, it can reach new heights, and according to the Bitcoin Cash price prediction, it can end 2024 at $925.23, positioning it as one of the best cryptos to buy.
Avalanche (AVAX) has grown in value 174.7% year-to-date (YTD), which has also placed it as a major altcoin for many investors and traders to consider for diversification. Alongside its historic growth, in the past month, the Avalanche price also jumped 11.1%.
In the previous week, the Avalanche crypto spiked from a low point of $45.20 to $54.74, and now needs to break above the $60 price barrier in order to reach new heights. According to the Avalanche price prediction, it can end 2024 at $70.77.
KangaMoon (KANG) has been dominating the charts ever since the start of its presale, and is up 290%. The key catalysts for this major level of growth includes Social-Fi elements, a community-driven approach, and the Play-to-Earn (P2E) features.
Through KangaMoon, anyone can create a character through which they can complete quests, challenges and tournaments to get rewarded in KANG or NFTs. These NFTs can then get sold in the dedicated marketplace for additional value, creating a vibrant economy.
During the blockchain ICO, the KangaMoon crypto saw a spike from $0.005 to $0.0196, and raised over $4.3 million. By the end of the month, it can raise over $5 million, and at this rate of growth the crypto can spike 80x when it launches, making it the best cryptos to buy now.
While Bitcoin Cash grew following its halving event, its not the only crypto to display bullishness on the charts. Alongside it, Avalanche is also moving upwards in value, KangaMoon has displayed major growth potential. At this rate, it can reach new heights and provide the most ROI for traders and investors.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.