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In 2024, Bitcoin halving will happen. This event will likely impact altcoins like Kangamoon (KANG), Ethereum (ETH), and Optimism (OP).
Ethereum is evolving
In the coming years, Ethereum will continue to upgrade.
As it is, more institutions are adopting Ethereum, which has led to an increase in its total value locked and transition to a deflationary asset.
Despite potential challenges, experts are bullish.
ETH is steady, with supporters bullish that a spot Ethereum ETF will be approved.
Optimism navigating trends
Optimism, a layer-2 scaling solution for Ethereum, has made notable progress ahead of the Bitcoin halving in 2024.
It has upgraded and integrated with Orderly Network.
OP is trading at $3.16, down from $4.20.
The integration of OP’s Stack on January 21, 2024, is a significant milestone for decentralized finance (defi).
It is expected to bring more users and liquidity to Optimism, boosting its overall economic activity.
The integration has led to an 800% increase in address count on Optimism, indicating growing interest and adoption.
Market analysts have mixed predictions for OP’s future price. Still, the overall sentiment remains optimistic, given its role in the expanding Ethereum ecosystem and its contribution to scaling solutions.
Kangamoon’s future
Kangamoon combines social and gaming elements.
It aims to create a community where members can participate in various challenges and earn rewards and KANG.
KANG is changing hands at $0.005 in the ongoing presale, but analysts expect more gains.
Kangamoon doesn’t have taxes on buying or selling KANG.
As the cryptocurrency market changes, Kangamoon’s unique approach and focus on the community could make it a significant player in the meme coin and digital gaming markets.
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Source: https://crypto.news/bitcoin-halving-will-impact-kangamoon-ethereum-and-optimism/