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With new tokens emerging every day, cryptocurrencies have to remain innovative to stay ahead of the curve. This might come through upgrades, and collaborations, amongst others. Following this playbook, Avalanche (AVAX) has made strides with strategic collaborations, joining up with ANZ and Chainlink to aid seamless transactions in the DeFi market. Also while the Bitcoin (BTC) halving draws near, speculation is rife about what's to come. Meanwhile, KangaMoon (KANG) has recorded yet another milestone after reaching $4 million in presale revenue. In this article, we shall be talking about these tokens and what their events, collaborations, or milestones bring to the cryptocurrency market as a whole.
The Avalanche (AVAX) network recently announced a collaboration with the Australian and New Zealand banking group (ANZ) alongside Chainlink to link Avalanche with networks on the Ethereum blockchain for asset settlement. Using Chainlink's cross-chain interoperability, ANZ illustrates how users could seamlessly access and trade tokenized assets across different networks in various currencies.
Through Chainlink's CCIP (cross-chain interoperability protocol), ANZ aims to modernize the intricacies of traditional DvP processes providing a seamless and quicker way for assets to be tokenized across various networks. This collaboration also highlights the bridge between traditional finance and the DeFi market. For Avalanche, this could be an incentive for adoption, considering the potential to boost its value at any time.
Despite the current volatility of the cryptocurrency market and impending bear run, speculation is growing regarding the upcoming Bitcoin halving later in April 2024. The Bitcoin halving event, which takes place every four years, would see the rate of supply of Bitcoins to miners down to half (50%). With the next halving event fast approaching, speculation has mounted over the future trajectory of Bitcoin. While some remain unfazed, many crypto analysts remain quite optimistic.
As of now, the native bitcoin token is trading within a weekly price range of $71,000 and $65.670, which marked about a 7% decline from its weekly peak. Despite what could be tagged a minor setback, analysts are still optimistic that bitcoin price will rally before and after the upcoming halving event.
KangaMoon (KANG) has recorded yet another milestone after reaching $4M in presale revenue. While it continues to rise and flourish, the KangaMoon network is set to see an influx of investors and traders vying for a place in its community. With an impressive growth rate, the project has finally progressed into its fifth presale stage with more momentum than ever.
By integrating SocialFi and GameFi elements, KangaMoon provides a platform where users can earn various rewards by participating in battle contests, speculative betting, periodic challenges and special giveaways. These rewards, including high-value in-game collectibles and assets can be traded on the platform's dedicated marketplace for real-life value.
Having just completed its fourth presale stage, KangaMoon aims to cross the $4.5M funding milestone by the end of the week and potentially surpass the $6M milestone before the end of the fifth stage. Meanwhile, the native KANG token price has surged from its initial value of $0.005 to $0.0196, recording about 291% gains for early buyers.
While a ceiling is yet to be set for KangaMoon, traders continue to flock to the network with hopes of recording gains before the next price surge. Moreso, being a community-driven token, KangaMoon already boasts over 5,800 KANG token holders and 20,000 registered members. This not only underscores KangaMoon's aim to build and foster a prosperous community for users to thrive, but also positions the project among the best meme coins to invest in this year.
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