The popular pseudonymous crypto trader Immortal has said that the crypto market is gearing up for the second leg of this bull cycle. Immortal expects a market-wide price increase, stating that “everything will go up again.”
He added that the first rate cut by the Federal Reserve would be the trigger for round two of the bull run. Based on the current whale action, below are the three altcoins to watch in the next round of this year’s crypto bull run.
Data from Santiment shows that whales have been piling up Dogecoin (DOGE) over the last week. Ali Martinez, a well-known crypto analyst, shared a Santiment Chart pointing out that whales have bought over 200 million DOGE since May 30.
The large whale activity suggests that Dogecoin is one of the top altcoins to invest in now. While technical analysis suggests that the Dogecoin price is due for a major price pump, Cole Garner has recently called DOGE the Silver to Bitcoin’s gold. There are predictions that the Dogecoin price could skyrocket from $0.16 to a possible high of $1 in this bull cycle.
The rising whale activity around Arbitrum (ARB), one of the prominent layer two networks on Ethereum, has made it one of the top altcoins to watch. According to IntoTheBlock’s Large Transactions trends, the daily number of Arbitrum transactions that exceed $100,000 is up by almost 80% this June.
The rise in whale activity coincides with the price of Arbitrum crossing the $1.13 resistance level. A sudden jump in whale transactions could also mean that the price of Arbitrum could be on the rise soon. If ARB clears the resistance level at $1.50, the altcoin price could look to skyrocket to a new ATH above $3, as it benefits from the rise in Ethereum.
Another altcoin that has seen massive activity from whales is KangaMoon (KANG). As the KANG buying continues deep into the bonus round of its presale, KangaMoon has raised over $8 million, closing in on the $10 million milestone. Whales have shown massive attention to KANG because they believe this altcoin could be the best crypto investment of the year.
KangaMoon has attracted a ton of attention because it is a revolutionary platform combining GameFi and SocialFi systems to build a vibrant community for meme enthusiasts. On the platform, users can freely engage in various gaming adventures to win KANG tokens and other exciting prizes.
What makes KangaMoon different from other GameFi platforms is its SocialFi system, which rewards users based on their activity levels within the ecosystem. The more active one is, the more rewards one can earn. This system has attracted a lot of users and attention to KangaMoon, with BitMart, a top CEX, announcing that KANG will be listed on the exchange platform soon.
KANG has already soared by 400%, but market experts believe the altcoin price is just starting. Priced only at $0.025, KANG is considered cheap compared to the price targets of $2 set for this bull cycle. With only 16% left before the conclusion of the bonus stage, now is the best time to jump into KANG as it journeys to be the best crypto investment of this bull cycle.
Based on the activity of whales, Dogecoin, Arbitrum, and KangaMoon are the top altcoins to invest in ahead of the next leg of this bull cycle. While all three altcoins will see massive price increases, KANG stands out with its exciting new ecosystem which market experts have forecasted will be the driving force behind its rally to the top.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
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