Solana (SOL) has found support above the $160 price range after briefly surpassing a major milestone, and Arbitrum (ABR) is up 30% on a weekly level, indicating that both of them are bullish on the charts and primed for far more significant gains.
Alongside their success, KangaMoon (KANG) has broken above $7 million in raised funds, and its token is up 400% in value. As a result, analysts are tipping it as the next 100x token, and today we will go over why this is the case. By the end, we will see which is the best cryptocurrency to invest in.
Arbitrum (ARB) has seen a major 30% price increase in the past week alone as its set towards passing a new monumental price barrier. During the previous seven days, the Arbitrum price grew above the $1 range and has now found support at $1.20.
The key catalyst for this Arbitrum crypto growth is its network’s performance, as it processed over 1 billion transactions across both “One” and “Nova”, making it one of the largest ecosystems. Now, it's growing with over 600 teams building, 2 DAO-governed chains, and over 50 Orbit chains in development. According to the Arbitrum price prediction, the growth is not over as it can reach $1.75 by the end of 2024, making it a top crypto to buy.
Solana (SOL) is also moving up as its ecosystem is ever-expanding and could soon reach new heights. Picasso Network recently unveiled a major announcement, in which they revealed the first AVS in production on Picasso's Restaking Hub on Solana went live through IBC. This enables a new level of connectivity between Solana, Cosmos, Ethereum and Polkadot, which can result in heightened Solana crypto usage, positioning SOL as a top crypto to buy.
The Solana price is also at an uptrend as it found support above the $160 price range, and at this rate it could soon see further gains. According to the Solana price prediction, the furthest point it can reach in 2024 is at $178.76.
KangaMoon (KANG) transcends the limitations of the meme coin paradigm by establishing a comprehensive ecosystem with Social-Fi elements and a Play-to-Earn (P2E) world. The platform incorporates these mechanics to foster a dynamic environment in which user participation is incentivized across various social media platforms, resulting in organic growth. Additionally, engagement within the P2E realm is encouraged, as KANG serves as the reward currency for successful battles and tournaments.
This provides KANG with a lot of utility, a feature lacking in most competing networks, and the crypto is undergoing the Bonus Presale round which represents a fleeting opportunity to acquire KANG before its value experiences a significant upsurge. This urgency stems from the project's successful blockchain ICO, which yielded a remarkable 400% price appreciation for the token as it has increased from $0.005 to $0.025.
Furthermore, it has generated over $7.2 million, and analysts project that it can surpass the $7.5 million mark by the end of the month. KANG is now on top of CoinMarketCap and CoinGecko, facilitating meticulous investor due diligence through transparent price tracking, and will soon get listed on BitMart. As a result, analysts project a 100x increase in its value following its launch and major CEX listings, making it the best cryptocurrency to invest in.
It's clear that both Arbitrum and Solana have displayed bullish on-chart performance, and with this rate of growth have the potential to surpass previous expectations and climb to new heights. In the meantime, KangaMoon has risen in value exponentially, and with its massive token utility, Social-Fi elements and community-driven approach can surpass expectations.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.