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Ripple CLO expresses confidence in outcome of SEC case; CryptoJack expects Solana to reach a new peak, while KangaMoon generates excitement in the crypto community.
Although the legal battle between the US SEC and Ripple has been going on for more than two years, Ripple's chief legal officer sees Ripple emerging victorious. Meanwhile, a top crypto analyst named CryptoJack told his followers in a recent tweet to prepare as Solana could hit a new all-time high of $360 in 2024.
In other news, a new memecoin is causing traction in the crypto community. This new memecoin, KangaMoon (KANG), is still in the pre-sale stage and has already reached different milestones.
KangaMoon is ready to shake up the crypto space
The KangaMoon project is generating excitement among cryptocurrency traders and meme lovers. More than 22,000 members have joined the KangaMoon project, which offers a unique combination of money-making (P2E) games and social interaction. This increase in interest shows the growing confidence in KangaMoon.
By introducing a P2E game where users can play and earn rewards, the adoption of its native token, KANG, is expected to increase as more users join the platform. KANG is the main in-game currency that players can use to purchase in-game items and nfts, making it a potential memecoin to invest in.
Furthermore, the KangaMoon project is dedicated to the community and rewards loyal users with free KANG tokens before the official launch. They are also rewarded for participating in KangaMoon's social media posts. The community concept of this KangaMoon is a pioneer in the crypto space.
Priced at just $0.025 in Stage 5 of its pre-sale, those who purchased KANG tokens have already recorded a 400% return on investment. However, analysts say more gains are coming and have predicted KANG price to hit $0.1.
Ripple CLO optimistic about winning SEC battle
Stuart Alderoty, CLO of Ripple, has expressed x.com/s_alderoty/status/1787985041043386531″ target=”_blank” rel=””>optimism on Ripple (XRP) nearing the end of its legal dispute with the US SEC. Winning Ripple's lawsuit could see XRP price end its current bearish streak and potentially establish it as one of the top altcoins in those to consider investing in in the coming weeks.
The Ripple coin is trading below $0.550, falling from a yearly high of $0.7300. The lawsuit could turn the tide in favor of the altcoin. Analysts have predicted that a Ripple win could push the price of XRP to the $0.800 price region.
Solana is forecast to set a new high of $360
in a x.com/cryptojack/status/1788063865751666803″ target=”_blank” rel=””>recent tweet, crypto expert CryptoJack noted that Solana (SOL) has been forming a “rounded bottom” pattern over the past few weeks, hinting at an imminent rise. The analyst projects that Solana could surpass its previous all-time high of $260 with ease this year, with an approximate peak of $360.
This type of bullish prediction places Solana among the altcoins to watch in the market. Solana price has been within the range of $120 and $180 for the past month. Traders believe that Solana could resume an uptrend if it manages to break above the $200 price region in the coming weeks.
Conclusion
Ripple winning its year-long battle with the US SEC will be good news for the XRP coin, which has suffered losses due to prolonged lawsuit. While the value of Solana is projected to reach $360, KangaMoon could reach $0.1. This bullish project makes Solana and KangaMoon one of the promising altcoins in the cryptocurrency market. To learn more about KangaMoon, visit the official website or join the telegram community.
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