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Amid significant growth in the cryptocurrency market, Solana and Injective have demonstrated remarkable price increases, while KangaMoon’s presale results highlight the expanding interest in new DeFi projects.
Solana (SOL) is moving upwards on the charts after a colossal price upswing in the past year, which has cemented the crypto as a major player in the industry. Likewise, the Injective (INJ) crypto is also moving upwards at a rapid level.
Yet, they’re not the only two cryptocurrencies that have seen explosive gains, as KangaMoon (KANG)’s presale has raised over $2.1 million, and now, analysts are projecting a major upswing for the crypto.
Solana shows massive growth
Solana is dominating the charts across all of the time frame, and especially on the YTD chart, it’s seen a climb of 678%. Moreover, during the past month, the Solana price has surged by 53%, and in the past week alone, it’s up by 14.2%.
According to the on-chart data, the Solana crypto has moved upwards from a low point of $138 to $173, and at this rate could soon break past even the $200 price barrier. Moreover, according to the Solana price prediction, it will be able to climb as high as $231.01 by the end of 2024.
Injective makes huge surges
Injective has also experienced monumental growth, especially on the YTD data, as its surge was by 1,102,6%. During the past month, the Injective price also moved upward by 50%, and during the past week, it increased by 20%.
According to its on-chart metrics, the low weekly value for the Injective crypto was at $39, and then it spiked to a maximum value of $51.99. Now, it needs to break past the major $55 price barrier in order to reach new heights. According to the Injective price prediction, it can end the year at a value of $76.56.
KangaMoon raises $2.1 million
KangaMoon is a presale-stage project that has gained a significant level of attention from investors and traders following its most recent price upswing, and at this rate could cement itself as a major market player, making it a promising DeFi project.
Specifically, the crypto is up 180% as its value spiked upwards from $0.005 to $0.014, and the presale has raised over $2.1 million, with it projected to reach $2.5 million by Q2, 2024. The key aspects that make KangaMoon an appealing project is its focus on a community-driven approach, coupled with Social-Fi elements.
Even during its presale, any investor can engage in the various social media channels in order to get value, as each person will get rewarded with KANG tokens. According to analysts, the crypto may spike by 5,000% following its launch and listing on Tier-1 exchanges. As a result, KANG is seen as one of the more promising DeFi coins of recent times.
To learn more, visit the Kangamoon website or join their telegram community.
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This article first appeared at crypto.news
