The sell-off in Bitcoin following the halving event was not unexpected, says Anthony Pompliano. He’s the founder of Pomp Investments.
What Pompliano said in a CNBC interview
BTC now has its 200-day MA at a record high despite recent volatility which suggests the world’s largest cryptocurrency “continues to trend upwards over the long run”, he added in an interview with CNBC today.
Pompliano noted that GBTC – the world’s largest Bitcoin fund recently saw $63 million in inflows after 78 straight days of outflows which also paints a rather rosy picture of what to expect from Bitcoin moving forward.
Interestingly, his bullish remarks may bode well for other crypto assets including the recently launched ones like KangaMoon since Bitcoin tends to set the direction for the crypto market at large.
So, let’s explore and know more about KangaMoon.
KangaMoon is currently in presale
KangaMoon may be an exciting investment for those who are restricted in terms of capital.
That’s because its native coin called $KANG is priced at $0.0196 only at writing. Unlike Bitcoin, therefore, it offers you means to play the expected strength in the crypto market for pennies only.
Plus, if you choose to invest in KangaMoon today – you will get a 10% bonus on your investment as well.
Note that $KANG is in presale currently. The upside that typically materialises once a coin goes live on a crypto exchange will, therefore, be one that benefits you if you build a position in it before the presale ends. Click here to find out more about KangaMoon now.
$KANG can be used in other ways
It is worth mentioning here that owning the native KangaMoon coin is more adventurous than owning a Bitcoin so to speak.
That’s because the return is not confined to price appreciation with $KANG. In fact, you can use the token to make money via other means – including participating in competitions or placing a bet on ones being conducted on the platform.
Then, of course, there are in-game items that you can earn from as long as you have a position in KangaMoon.
$KANG has raised close to $6.3 million in its presale this far. So, you can rest assured that you’re not investing in a crypto token that has virtually no demand. Details of KangaMoon and its native $KANG coin are available on the website on this link.
Why are experts bullish on crypto market?
Experts are bullish on Bitcoin and – by extension – on crypto assets at large for 2024 as there are more than one catalysts that could help that market this year.
First, the SEC has approved the exchange-traded funds. So, we know that the demand side of the crypto industry will remain strong moving forward. Secondly, the supply side spells strength as well following the recent halving event.
And finally, there’s the U.S. Federal Reserve that may have left rates unchanged (read more) at its recent meeting but kept the hopes of rate cuts alive for 2024.
Cryptocurrencies including $KANG may attract more interest once the central bank resorts to further leniency in its monetary policy. Interested in investing in KangaMoon today? Click here to explore how.
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