Cathie Wood, a top investment figure, has given a bullish stance on Bitcoin. She predicted that the flagship cryptocurrency will surpass the value of gold in the future. Meanwhile, top analysts have given bullish price forecasts for DeFi coins, Optimism and KangaMoon. Let’s see their prediction.
Bitcoin (BTC) Receives Backing From Cathie Wood
In a recent YouTube video, Cathie Wood of Ark Invest argued that Bitcoin (BTC) is on course to outperform gold as the best “safe-haven asset” soon. To back up her point of view on Bitcoin vs. gold, Wood displayed a chart showing Bitcoin’s price trajectory against gold. The chart demonstrated a significant upward trend movement.
She saw this pattern as an indication that Bitcoin was progressively taking over gold’s function in the investment world. Furthermore, the top figure demonstrated that Bitcoin has emerged as a prominent investment alternative and a go-to option during times of economic uncertainty.
Wood mentioned the regional banking crisis in March 2023, when Bitcoin’s value rose 40%. She pointed out that Bitcoin was drawing renewed interest thanks to its latest Bitcoin ETF.
Optimism (OP) Price Forecast
Optimism (OP) is one of the top altcoin gainers in the crypto space as it displays a 3.5% and 20.7% price increase on the 7-day and 14-day price chart.
This Optimism price surge comes after the platform’s recent partnership with Orderly Network. The partnership is aimed to enhance its features and attract more users.
Interestingly, the integration led to an 800% rise in the number of addresses on the Optimism network. Meanwhile, the sentiment surrounding the Optimism altcoin is bullish as it trades above the 50-Day SMA ($3.22) and 200-Day SMA ($1.911666).
Also, its Relative Strength Index (RSI) is above the 50 mark and is rising towards the overbought region. With this bullish momentum, analysts are optimistic about more gains in the future. They have predicted a price increase to $4.39 in the coming weeks.
KangaMoon (KANG) Fuses Social-Fi and Meme Coin Into One Ecosystem
KangaMoon (KANG) has entered the spotlight, standing unique as a community-driven meme coin. It introduces a practical blend of Social-Fi and play-to-earn (P2E) features, setting a new standard for utility in the meme coin space.
The aim is to outshine other meme coins such as Pepe, Shiba Inu, and Dogecoin. Also, the KangaMoon ecosystem promotes active engagement through its Social-Fi model. It rewards holders of its native token, KANG, with earning opportunities. They can engage in community challenges and events to add more tokens to their portfolio.
Meanwhile, KANG serves several purposes in the ecosystem, making it the best coin to invest in. It acts as an essential in-game asset and can be used for purchases. Furthermore, it is the key to unlocking character upgrades within the KangaMoon gaming ecosystem.
It will also give holders access to the upcoming KangaMoon NFT marketplace to trade their digital collectibles for profit. KangaMoon is gearing up for its presale, offering the KANG tokens at an initial price of just $0.005. Market experts have forecasted a potential 35x surge in its value after its launch.
The rapid expansion of the play-to-earn NFT gaming space fuels this optimism. This potential places KangaMoon as the best coin to invest in, as it is poised to rise to the top of the meme coin market.
Final Thoughts
With the strong bullish sentiment surrounding Bitcoin, the crypto sector may witness an increase, especially as institutional traders enter the picture. This optimistic prediction might unleash a tremendous rally, propelling KangaMoon, one of the best DeFi coins on the market, to new heights.
As a result, now is the best time to accumulate potential coins such as KangaMoon ahead of a future price surge.
