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The latest Bitcoin halving event, which will take place in April 2024, could have a significant impact on Litecoin, which has experienced a sharp price decline in the last year.
As the first Bitcoin fork, experts believe Litecoin could rally, according to the sponsored content poster. It is also wondered what will be done with projects such as Solana and Kangamoon, whose future is uncertain.
What Impact Will the Bitcoin Halving Have on Litecoin?
In the second week of February, Bitcoin’s daily trading volume increased as investors prepared for the halving. Meanwhile, Litecoin activity remained low. According to CoinMarketCap, Litecoin’s daily trading volume has fallen 19% in the last 24 hours and the price of Litecoin has fallen 6.19% in the last month.
This lack of growth has created bearish sentiment around Litecoin. But can Bitcoin recover during its halving? Experts have mixed predictions.
According to bullish experts, if Bitcoin can surpass $60,000, Litecoin could rally to $90. However, given Bitcoin’s failure to rally following the launch of Bitcoin ETFs, some experts believe Bitcoin’s price rise may be lower than initial predictions. As a result, the Bitcoin halving may have a limited impact on Litecoin.
KangaMoon (KANG): A Unique New P2E Community
KangaMoon (KANG), whose future is uncertain, according to the sponsored content sender, has allegedly reached its $100,000 pre-sale target. It is reportedly a major victory for the KangaMoon community and that this innovative new meme coin is likely to attract a global audience. Avoid taking any action in projects where you do not trust the project and its team; there is a risk of investment loss.
Unlike many meme coins that focus on trends, one wonders if KangaMoon can stand out by implementing a few lucrative features. By combining a unique play-to-win ecosystem with the social-fi element, the team claims that it will be a meme coin community unlike any other. The project is new and its future is uncertain. It is risky to take action without obtaining detailed information.
According to the content submitter, KangaMoon wants to bring together meme coin enthusiasts around the world in a single project. Players will earn $KANG tokens and other rewards by interacting within the community. It is also claimed that investors can make profits even before KangaMoon is released. It is not certain, it depends on the future of the project.
All of this is rumored to come with a P2E game that gives KangaMoon more uses than other meme coins.
KangaMoon’s utility token is currently worth $0.005. More than 40% of its first round has been sold, and according to its team, there may be room for expansion during KANG’s pre-sale.
Solana Stuck at $110 Resistance
After a strong performance in January, Solana is stuck at a strong resistance at $110. Solana’s value rose 7% last week, but fell 5% in the last 24 hours.
Despite this decline, investors continue to be confident in Solana’s performance. The project’s daily trading volume rose 5% overnight to $1.5 billion, and analysts still believe Solana could surpass $110 by the end of February.
Still, given its poor performance, some investors are diversifying their Solana portfolios and are allegedly learning about the KangaMoon project in the process.
Will KangaMoon Be able to Show Itself in the Meme Coin Market?
While the size of the KangaMoon P2E NFT market is expected to double, one wonders whether KangaMoon will be able to benefit from market growth. Avoid taking any action on projects where you do not trust the project and its team.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
