Bitcoin (BTC) Surpassed $63K As Predicted, KangaMoon (KANG) and Cardano to Rally

In February, the crypto platform Matrixport predicted that Bitcoin would cross the $63k mark in March. Interestingly, this prediction checked out as Bitcoin even surged above the $70k mark, leading to predictions that BTC will trump $100k soon. Crypto analysts have also given bullish price predictions for KangaMoon and Cardano, making them the best altcoins to watch in the market. Read on to see what analysts have forecasted.

Matrixport, a digital asset platform, predicted that the price of Bitcoin (BTC) would reach the $63k mark in March. Two major factors the platform gave to back their prediction were the continuous inflows into Bitcoin following the launch of Bitcoin ETFs and the upcoming Bitcoin halving event. Data from CoinMarketCap shows that Bitcoin even crossed the $63k mark earlier on February 28th, rising as high as $64k. While the flagship cryptocurrency did not witness some price corrections in the following days, Bitcoin bulls were quick to spark a price recovery.

KangaMoon (KANG) is a project that is all out to redefine meme coins by adding utility to their features. At its heart, KangaMoon is building a community-centric platform that blends Social-Fi elements with competitive play-to-earn gaming. KangaMoon has raised over $3.2 million in funding and recorded a 180% price jump to its present value of $0.014. Meanwhile, analysts are bullish on the meme coin to record more gains in the coming months. They have forecasted that the price of KANG will rise to $1, catalyzed by Bitcoin's upcoming halving event.

Well-known influencer Jake Gagain emphasizes the prospects of Cardano (ADA), stating that Cardano will soon break its all-time high and forecasted it to go to $1 by April, which is the Bitcoin halving time. Nevertheless, he expects it to continue its surge following the halving and forecasts that ADA may rise up to $7.50 by 2025. Reasons for the influencer's bullish prediction emphasized such things as a strong community and ecosystem of Cardano. Gagain has a positive outlook, which makes it one of the top altcoins to watch at the moment.