After a significant rise in 2023, Solana’s growth has slowed. The altcoin has seen declines of over 10% in the last week, causing Solana’s daily trading volume to decline. As a result, Solana investors are now joining USDC holders to buy a thriving new altcoin that’s seen returns of 50% during its presale. Here’s why.
Solana Crashes 10% In 1 Week
Over the past year, Solana’s price increased by 334%. This made Solana the best performing cryptocurrency among the markets top 20 ranked projects. Going into 2024, experts were extremely bullish about Solana.
Throughout January and early February, Solana met bullish expectations, hitting highs of over $118. However, Solana is now losing its momentum. Over the last week, Solana’s price crashed by 10.21%. Presently, Solana is now trading at $106.94, though it has dropped below its $100 resistance over the last 7 days.
Despite its decline, Solana’s daily trading volume increased by 23.8% in the last 24 hours. This rise has taken Solana’s daily trading volume to $1.1 billion, and suggests that Solana could regain its bullish momentum over the next month.
USDC Could Be Used in the Metaverse
In a blog post on Feb 26, Circle announced they’ll be partnering with Overdare. Overdare is a metaverse venture with a focus on mobile gaming. As part of this partnership, Circle will allow Overdare creators to receive USDC payouts through its platform.
This could have a significant impact on USDC, driving up its daily trading volume. According to CoinMarketCap, USDC currently has a daily trading volume of $4.1 billion, up 32.81% over the last 24 hours. This rise shows that investors are bullish about USDC, which is currently ranked the 7th largest cryptocurrency by market cap.
This development also sets up USDC for additional metaverse integrations. This could lead to massive ecosystem growth, allowing USDC to challenge Tether for the spot as the world's largest stablecoin.
KangaMoon (KANG) Attracts A New Crypto Whale
KangaMoon (KANG) is taking the presale market by storm. Its utility token, $KANG, recently hit an all-time high after stage one of the KangaMoon presale sold out. Now, with stage two already being extremely popular, a new crypto whale has joined the project's growing list of investors.
To stand out in a highly competitive market, KangaMoon offers a hybrid model. This model uses social-fi features in a P2E game to create a lucrative and exciting new ecosystem. The project will reward socially active users, while also offering rewards to investors who complete weekly, monthly and quarterly challenges.
The KangaMoon game will focus on battles and tournaments. Within these battles, players can win prizes and spectators can place bets to win rewards.
This unique combination is unlike anything currently present in the DeFi space. As a result, experts are extremely bullish about KangaMoon’s future potential. Tokens are currently selling for $0.0075 during stage 2 of the Kangamoon presale, and investors will get a 10% buy bonus when purchasing tokens in stage 2.
KangaMoon Passes 3,000 Investors
Since the start of its presale, KangaMoon has already attracted over 3,000 investors. With hundreds of new investors joining daily, experts believe that KangaMoon could increase by 220% before its presale is complete.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
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