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The next Bitcoin halving is in early April 2024. This event could affect Litecoin (LTC), the first Bitcoin fork. Ahead of this, other projects like Solana (SOL) and KangaMoon (KANG) have been firm and may outperform LTC after halving.
Bitcoin halving and Litecoin
Litecoin’s trading volume is down 19% in the last 24 hours. The coin is also down 6.19% in the previous month.
The drawdown is a concern for investors.
Even so, whether the Bitcoin halving event will negatively impact LTC remains unclear.
Some experts say LTC will rally if Bitcoin surges above $60,000. Meanwhile, others claim the impact of halving will be limited.
KangaMoon: a unique new P2E community
KangaMoon has successfully raised $100k in its presale.
Unlike other meme coins, KangaMoon offers a unique play-to-earn ecosystem and social-fi element. It aims to connect meme coin enthusiasts worldwide and reward community interaction.
Additionally, early investors can benefit by promoting the project.
KANG is available for $0.005 in the current presale stage.
Solana finds resistance at $110
Solana bulls have found resistance at $110.
Over the last week, SOL rose 7%, but is down 5% in the last 24 hours.
Its daily trading volume is up 5% to $1.5 billion.
Analysts say SOL will break above $110 by the end of February.
Can KangaMoon influence the meme coin market?
KangaMoon can post growth in the future. The play-to-earn and NFT market will likely double, accelerating growth and rewarding early KANG investors.
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Source: https://crypto.news/focus-on-litecoin-ahead-of-bitcoin-halving-solana-traders-switch-to-kangamoon/