Crypto expert Ali Martinez has projected a bullish future for Solana, predicting its value to soar to $113. In another story, TD Cowen’s has forecasted for an Ethereum ETF approval by 2025-2026 despite the immediate clamour for approval now.
Meanwhile, the KangaMoon memecoin project is capturing the attention of investors with its unique features. It has quickly become one of the best coins to invest in. Read on to learn more about the project.
Solana (SOL) Price Prediction
Solana (SOL) is experiencing a positive price surge, rising 32.9% in the past week and 1.5% over the past month. The altcoin price has moved from a 7-day low of $79.18 to a peak of $104.36.
This increase has fueled expectations that the $110 level may be tested again soon. One analyst who is bullish on Solana coin and believes this rally will continue is Ali Martinez.
Ali had spotted a breakout from a falling parallel channel in Solana’s price chart. This pointed to a potential reversal of the previous price slump, which had begun around Christmas last year. The chart showed a run of higher lows over this time, signalling high purchasing pressure.
The expert believes that if the Solana coin can remain above the $94 support, it will rise to the $113 mark. Reaching this level will give the DeFi coin enough boost to aim for its yearly high of $125.
Ethereum (ETH) ETF To Come By 2025 or 2026
TD Cowen, a top investment bank, has updated its previous prediction for Ethereum spot ETFs. Before now, the investment giant predicted that the approval would happen in November 2024.
However, it has modified its prediction to 2025 or early 2026. TD Cowen noted that the delay in green-lighting a spot Ethereum ETF is more about politics.
The bank added that SEC Chair Gary Gensler, who recently approved a spot Bitcoin ETF, is not keen on doing the same for Ethereum. According to the bank, some progressive Democrats were not happy about the Bitcoin ETF approval, and Gensler is a Democrat.
The bank pointed out that Gensler wants to see how the new spot Bitcoin ETFs will perform before moving forward with an Ethereum ETF. Meanwhile, the Ethereum token is trading above the $2,000 mark. The altcoin price has increased 3.5% in the last week.
Why Investors Are Excited About KangaMoon (KANG)
KangaMoon (KANG) is predicted to be one of the most popular memecoins in the crypto market when it launches in 2024. It aims to take the number 1 rank among memecoins, displacing the likes of Dogecoin, Shiba Inu, and Pepe.
The KangaMoon project stands out for building a robust community of meme coin lovers. Also, it integrates NFT features into its platform that users can sell and profit from. The platform is built on top of the Ethereum network and will offer top-notch security to users.
Besides, SOLIDProof has also audited the platform’s smart contracts. At the moment, the DeFi coin is valued at $0.005. Analysts have projected a 220% price increase by the end of the presale and up to 100x before the end of 2024.
KangaMoon is launching a new meme coin community-owned environment that values everyone. Its community-centered meme coin project and commitment to user safety make it a top altcoin to hold.
Conclusion
Apart from Solana and Ethereum, KangaMoon has emerged as one of the best coins to invest in. Its memecoin and NFT features make it a must-have for every crypto investor.
