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Whales are accumulating Dogecoin (DOGE) rapidly after top analysts picked it as one of the top cryptos of the year. Moreover, Solana (SOL) has also seen an influx of buyers but is at risk after FTX was permitted to liquidate its $3.4 billion holdings. Those who want to diversify have also looked at Kangamoon (KANG) as it is the next-generation meme coin with P2E elements.
Dogecoin (DOGE), based on projections made by analysts, could soon experience a breakout in its price. It's battling a resistance point, and if whales are successful, the Dogecoin price can reach new heights.
The accumulation rate of Dogecoin is increasing daily, and the crypto is moving above the 20-EMA. During the past week, the Dogecoin cryptocurrency traded between $0.059783 and $0.063849. According to the Dogecoin price reduction, analysts project it will climb to $0.098 by the end of 2023.
Solana (SOL), the crypto that powers the Layer-1 network, experienced an upswing in value, with an increase of 4.7%. However, weighing the Solana crypto down is news that the court presiding over the FTX bankruptcy case permitted the exchange to begin liquidating more than $3.4 billion in digital asset holdings.
The pressure could result in higher Solana movement, as FTX has a large SOL holdings of $1.6 billion worth. This amounts to 16% of the crypto's outstanding supply. During the past week, Solana traded between $17.49 and $20.15. According to the Solana price prediction, it can reach a maximum point of value of $29.22 by the end of the year.
Kangamoon is becoming the next major player in the meme coin sector. As it builds a strong community of meme enthusiasts and gamers. It also provides players to monetize their time with it's unique P2E system,
Moreover, each player has their own Kangamoon playable character. They can then upgrade it and unlock different abilities. Upon completing quests and engaging with the virtual world, they can also access tournaments and engage in challenging fights against other players on a global scale.
Players will get rewards for their time with virtual currency or in-game items when exploring, completing missions, or winning fights. However, each item can be sold on the game's marketplace, giving them even more value.
At the core of the project is the KANG token. The project is built on top of Ethereum, and the token follows the ERC-20 token standard.
During the presale, a single token trades at just $0.005. According to analyst projections, the Kangamoon crypto could climb by 22x by the completion of the presale and by 35x at the point in time when it's listed on major exchanges. This makes it a potential millionaire making coin that investors will not want to miss.
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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.
