In the past few days, the governments of Argentina and El Salvador have held meetings to address crypto adoption and regulation in the two countries. The Argentine team is working with El Salvador to learn from their experience of Bitcoin adoption. Recall that in 2021, El Salvador adopted Bitcoin as a legal tender. 

Meanwhile, in the past week, the crypto market was alerted to the movement of a whale that earned an unbelievable $2.7 million in profit in just 3 days. According to data from Lookonchain, the whale bought 6 billion worth of $MAGA on May 24 and 25 for $537.5k but sold 1.5 billion out of the $MAGA asset at $744k as the token jumped by 505%. With this unexpected twist, analysts have done due diligence and come up with 5 top crypto coins that can replicate the $MAGA feat as we march on to the bull market.

KangaMoon Token Positioned To Shoot Up

After the $MAGA surprise 505% jump in 3 days, another crypto that can match this huge price action could be KangaMoon. The token has built an incredible customer base with a vast ecosystem comprising more than 32k members. As if that was not enough, KangaMoon recently hit $7.2 million in funding and has been credited with close to 10,000 holders of its native currency.

KangaMoon banks on its utility features of GameFI and SocialFi, enabling users to profit from both components. With 250 million of the entire 1 billion tokens allocated just to reward the community, KangaMoon will continue to see massive inflow, making it one of the best cryptos to invest in June. Its potential to be the leading light in Web3 gaming has been highlighted by analysts, paving the way for an incredible price surge in the future.

Before the latest crypto buzz, KangaMoon has given traders a 400% profit with the price value trading now at $0.025. Another reason KangaMoon will head to the moon soon is its staking option which has been widely acknowledged as one of the best. Depending on the amount staked and the number of days used to stake, buyers can earn up to 50% in APY reward. 

KangaMoon is also gaining ground with its listing on Coinmarketcap and Coingecko, proving it is one of the top crypto to buy  As the presale comes to a close, KANG’s first official listing has been confirmed on BitMart. With more centralized exchanges set to list the token after the presale, KangaMoon has the best chance of rising to $1 soon.

Bitcoin Price Eyes a Retest of $70k

Ranked as the number one cryptocurrency with a market cap that runs into trillions of dollars, Bitcoin is undoubtedly one of the best crypto to buy with the same expectations of a bullish surge. The token has moved up by an impressive 158% in the past year, crossing the $70k threshold twice in the past 6 months.

Aside from the price movements, Bitcoin’s trading volume is getting more than $20 billion in daily trading activity, a great feat that makes it the top coin to invest in. As for the market analysis, the Bitcoin market sentiment is currently bullish with a Fear and Greed Index of 74 Extreme Greed. Although the token has recently had a bit of a bear moment, Bitcoin is still standing firmly above $69k. 

Additionally, Bitcoin price is trading above the simple moving average (SMA) with the relative strength index (RSI) also showing positive momentum for an upswing. However, the Bitcoin chart has only shown 13 green days in the past 30 days which may trigger fear among investors. Despite this, analysts project a better future for the token with a potential to finally settle above $70k. 

Avalanche Coin Set For Big Rise 

Avalanche is strongly positioned to achieve a big price surge this year. The token currently has a 160% increase on its all-year record with a further 10% surge attained in the past month. Excitedly, both Avalanche market cap and Avalanche trading volume are following the bullish momentum, setting the tone for a massive upswing soon.

Avalanche holds a stronger stake in the decentralized finance world with an ecosystem that comprises the likes of XANA and WAGMI. The platform is also found appealing by Ethereum-based applications such as ShushiSwap and TrueUSD. The explosive growth across the Avalanche ecosystem such as the rise in daily active wallet addresses project Avalanche as the future of DeFi.

On the current outlook, Avalanche appears to be in the hands of the bulls. Even though there has been a retrace from the $40 surge last week, the token is still trading above its 200-day simple moving average (SMA). On the negative side, Avalanche is down by 74% from its all-time high record of $146. However, with the bull run set to hit the ground running, the Avalanche price may hit $100 before the end of Q2.

Can Binance Coin Price Move Up To A New ATH?

Binance coin is one of the best crypto investments for serious investors. As the native token of the world’s largest crypto exchange, Binance coin holds the fourth largest market share with a market cap exceeding $90 billion. Additionally, Binance coin trading volume is growing exponentially, currently ranked among the top 10 cryptocurrencies on the chart. 

Launched a few years ago, the Binance coin has earned massive popularity, having attained its highest value by 2021. The Binance coin price movements have also been tending towards a positive outlook. In the past month, Binance coin has had a 4% increase before adding another 6% surge in the past week. 

Digging deep into the trading analysis, Binance coin is trading near the cycle high. Another plus for the token is that it has a negative yearly volatility rate, projecting it as one of the most stable cryptos in the last year. With more efforts from the bulls, Binance coin price may soon hit $700, sparking a new all-time high record. 

Arbitrum Network Holds Largest Share Among Ethereum Layer 2 

Arbitrum holds the largest market share of the Ethereum layer 2 blockchains, reflecting its superior position over its competitors. The Arbitrum network grows at a speedy pace with other ecosystems such as Arbitrum Nova and Arbitrum One providing immense supporting architecture. So far, Arbitrum has processed more than 1 billion transactions across its two ecosystems. 

With the crypto market buzzing again, Arbitrum’s price has grown by 20% in the past month. Also, Arbitrum’s market cap is following the trend as it surged above $3 billion. Zooming in, Arbitrum trades above the 200-day simple moving average with the general market sentiments looking bullish. With the recent Ethereum ETF approval, Arbitrum coin is one of the best cryptos that can give huge returns in June. 

Conclusion

With the massive adoption of cryptocurrency as a means of payment, more countries are likely going to join El Salvador to adopt Bitcoin as a legal tender soon. This will likely push the price of top crypto coins up. The success of the giant whale is a clear example of what can happen in the crypto space. Despite the fear of volatility, one can make incredible profit with the right knowledge. With due diligence done, the tokens listed above can match and even surpass the whale profit. However, the market negativity should also be put into consideration when investing to avoid loss of funds.

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