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As one of the fastest-growing industries, the cryptocurrency space is constantly filled with new developments and innovations. In this article, we will look at three of the hottest developments including Shiba Inu's (SHIB) upcoming developments, MetaMask's integration with Solana (SOL), and the remarkable rise of Kangamoon (KANG) in the Play-to-Earn (P2E) market.
While the Shiba Inu community still basks in the euphoria of the Shibarium launch (a layer 2 network), the team is preparing for even bigger plans. According to a team member, LucieShib, five major developments are coming to the network soon.
The update shows that Shiba Inu will be renouncing the bone contract soon and preparing to launch Shibaswap 2.0 soon. After that, the ecosystem will launch a new token, TREAT, Shibahub, and a Metaverse platform. The Shiba Inu coin has been bullish following the announcement.
Bouncing off the $0.00000700 support, the price of Shiba Inu has rallied to $0.000007280. Crypto experts have predicted even more price gains as these updates are released. The Shiba Inu price is expected to reach highs of $0.00001500 before the end of the year.
Solana (SOL), one of the fastest blockchain networks, has seen an expansion of its services. In 2023, the adoption of the Solana network has been steadily increasing, culminating in the integration into the MetaMask wallet.
Thanks to MetaMask Snaps, the Solana coin (SOL) and NFTs on the network can now be managed on the MetaMask Wallet. In addition, all the dApps on the network will also be available on the MetaMask.
The news has caused a mini rally for SOL. Since finding a bottom at the $17.5 support level, the price of Solana has flipped the $18 resistance into support, reaching a high of $18.3. However, many investors are wary, especially as a potential $1.16 billion Solana sell-off from FTX could happen in the coming weeks.
In the play-to-earn (P2E) gaming space, a new project, Kangamoon (KANG), is launching with the promise of transforming the sector. Kangamoon is highly regarded as a top contender in the industry as it combines the traditional P2E element of allowing players to monetize their gaming time with the exciting features of meme coins.
In this new thrilling P2E game, players will assume the role of Kangamoon, a spirited kangaroo with a passion for boxing. Players have the option to build their avatars, adding unique abilities. They will then connect with players worldwide to challenge them in fights and tournaments to test their skills.
Players will compete in special events and challenging quests for a chance to win digital assets and rare in-game items. These rewards can be sold and traded on the in-game marketplace, increasing the earnings of Kangamoon players.
By combining two exciting sectors, crypto experts have forecasted that Kangamoon will build a strong community in 2023. The presale is now in its first presale stage where a KANG token currently retails for $0.005 per token.
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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.
