As the world’s first Bitcoin fork, experts believed that Litecoin would surge in Q1. However, Litecoin’s price decreased ahead of the Bitcoin halving. This has caused many investors to diversify.
Two projects investors are buying instead are Solana and KangaMoon. Solana is currently leading the altcoin bull run, while KangaMoon is gaining traction during its presale. Here’s how experts predict they will perform.
Litecoin Crashes Despite Whale Transaction
According to the cryptocurrency tracker website, Whale Alert, one Litecoin whale made a significant transaction over the last 24 hours. In total 100,000 LTC was moved, estimated to be worth around $7 million.
While whale transactions usually result in a rise in daily trading volume, the opposite has occurred for Litecoin. Litecoin’s daily trading volume is down by 29% over the last 24 hours, and LTC has decreased by 0.25%.
This decline suggests that investors are no longer interested in Litecoin. As a result, many Litecoin holders are now selling their LTC to buy Solana and KangaMoon in anticipation for the upcoming bull market.
KangaMoon (KANG) Looks To Disrupt Social-Fi
KangaMoon (KANG) is making waves in the DeFi space and is now approaching $150k in funds raised. This will be a significant milestone for KangaMoon, as it will show that investors are interested in its unique new social-fi P2E game.
KangaMoon is a meme coin like no other. It introduces several new features that combine play-to-earn (P2E) gaming with social-fi elements to create a truly unique experience. As part of its game, players will be able to customize, battle and control characters, and will earn rewards for competing.
As part of KangaMoon’s social-fi elements, investors will be able to participate in weekly, monthly, and quarterly challenges, during which they’ll be able to win $KANG tokens. Investors will also win rewards that can be traded via the KangaMoon marketplace.
With so many features, KangaMoon is expected to become a leading crypto ICO event. Presently, one KANG token can be purchased for $0.005. However, with less than 40% of the 1st round supply remaining, KANG could experience a price increase over the next week.
During its presale experts speculate that KANG could see a 220% surge. After the project is launched on Tier-1 exchanges, predictions go as high as 100x, which has put KangaMoon on the radar of many meme coin experts.
Could Solana Hit An Annual High In Q1?
Solana is currently the 6th most traded cryptocurrency in the world. It recently experienced a rally of over 20%, taking its price to $115.94. This is the second time that Solana has chased $120 in one month, and bullish experts believe that Solana could break this resistance level.
Given its current growth rate, experts predict that Solana could pass $130 in Q1. This would be an annual high for the altcoin, after which Solana could go as high as $150.
Is Now A Good Time To Buy KangaMoon?
With significant potential to dominate the meme coin market, experts are bullish about the KangaMoon presale. Early investors could potentially see some of the highest returns in 2024, which has made KangaMoon an extremely popular investment. As the project continues to grow its ecosystem, the consistency of its price increases are only expected to rise. As a result, getting in early is crucial to maximize returns.
