El Salvador, one of the countries that have shown support for Bitcoin recently mined 474 BTC, only by using a geothermal power plant that is powered by a volcano. The issue now is whether El Salvador’s Bitcoin holdings can grow in the next months, thus making it a Bitcoin space leader.
In other news, KangaMoon’s crypto ICO is getting more popular among investors. The project has already raised $6.7 million, and is now on the way to the $7 million milestone. Let us see if there is a possibility for an exchange listing for KANG ahead of this major milestone.
El Salvador Mines 474 Bitcoin (BTC)
Since 2021, El Salvador has harnessed the power of a volcano-driven geothermal plant to mine around 474 Bitcoin (BTC). The mining, which began in September 2021, was done using a small portion of geothermal energy sourced from the Tecapa volcano. This eco-friendly approach is celebrated as a sustainable method to accumulate Bitcoins.
Also, this project has boosted the government’s Bitcoin holdings. Bitcoin Office, a government agency, revealed that the national treasury now has 5,750 bitcoins. The country has in total of 5,750 BTC, which could rise to challenge other top Bitcoin holders.
While El Salvator is now a big BTC holder, it is outshined by Microstrategy, the biggest Bitcoin holder, with approximately 214,400 BTC as of May 1st. For the last couple of weeks, Bitcoin has been trading in the range of $56k and $67k. Analysts are bullish that the top crypto will return to the $70k mark soon.
KangaMoon (KANG) Gains Recognition As the Best Crypto ICO of 2024
KangaMoon (KANG) is making waves in the Play-to-Earn (P2E) sector, drawing in a large user base of over 23,000 individuals. Its ability to attract investors is evident from its impressive presale performance, which has raised over $6.7 million. With momentum on its side, the project is set to hit the $7 million mark soon.
The native token of the KangaMoon ecosystem, KANG, is now rated among the best cryptos to invest in because of the growing popularity of its platform. Currently, KANG is priced at $0.025 and is in the bonus stage, and the analysts have forecasted a huge surge of 100x is going to happen once it is listed on exchanges like BitMart.
This price hike has been predicted because KANG is not like other projects that are solely driven by hype in the DeFi market. The KANG token provides its holders with several advantages and has various applications within the KangaMoon ecosystem, which makes it a great crypto to buy. It is the main in-game currency of the platform and can be spent on gaming items and NFTs.
It can also be employed for the purpose of betting on games and competitions. Besides that, the KANG token has many uses fueling the Social-Fi elements of KangaMoon. The project rewards players for their time and also for promoting the project on social media platforms.
This approach fosters a vibrant community that actively supports and promotes the project. To enjoy the KangaMoon platform, you need the KANG token. This positions it as a good crypto to buy before the presale ends.
Conclusion
El Salvador continues to show massive support for Bitcoin and could join Microstrategy as one of the largest Bitcoin holders. Also, investors are showing high interest in KangaMoon. Analysts have predicted that the price of KangaMoon’s KANG token will rise 100x after its listing in Q2 2024. This makes KANG one of the best cryptos to invest in right now.
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