ETFs
Anticipation soars for Solana ETFs, investors turn from Pepe to KangaMoon as gaming platform nears launch
In the past month alone, reports of Solana ETFs have sparked excitement in the cryptocurrency market. An investment firm known as GSR has estimated that Solana’s price could reach $1,300 in the coming months if the securities regulator gives the green light to a SOL ETF.
On the other hand, Pepe’s loss is piling up after being one of the most bullish memecoins in the first half of the year. As a result, investors are turning to KangaMoon ahead of its highly anticipated metaverse game, Kangaverse. Analysts predict the launch could trigger a 100% price surge for KangaMoon coin, KANG.
Solana (SOL) Could Soon Surpass $1,000, Says GSR Report
Ethereum killer Solana (SOL) has been getting a lot of attention in the cryptocurrency market in recent weeks. This comes after two investment giants, VanEck and 21Shares, wowed everyone by filing a SOL Spot ETF with the U.S. Securities and Exchange Commission (SEC).
Solana stock reacted positively to the news, climbing the price charts and breaking through the $150 mark to hit a weekly high of $154. However, the rally did not last. Analysts remain optimistic nonetheless.
A recent report from the cryptocurrency market maker GSR predicted Solana price could increase by 8.9x if the SEC approves a SOL ETF. If this happens, the Solana coin could go from its current valuefrom $146 to $1,300 in the coming months.
Pepe (PEPE) continues his decline
Pepe (PEPE), one of the leading memecoins, continued its bearish momentum in July. Pepe Coin is trading at around $0.00001, down 30% over the past month, according to data from CoinMarketCap watch.
By using Data from Coinglass.comIt has been noted that Pepe traders have both an optimistic and pessimistic outlook. Long positions have decreased by 10.24%, suggesting that traders are not as optimistic about Pepe’s price increasing in the short term. If Pepe coin price falls below the $0.00001 support, we could see a breakout to $0.00000800.
KangaMoon Gaming Platform Coming Soon
A new gaming platform called Kangaverse is set to revolutionize the GameFi industry. The game, which will be created by KangaMoon, will feature various weekly competitions and challenges that players can participate in to earn free coins and even real money. Those who want to participate in the contests can also earn coins by betting on potential winners.
KangaMoon wants to use this game to tap into the Play-to-Earn gaming market, which will be worth $88.6 billion by 2028. In the future, KangaMoon plans to create an NFT marketplace where players can buy NFTs, a metaverse platform where they can interact, and a trading platform.
As of now, the KangaMoon ecosystem has seen some successes in the past few weeks. One of them includes its introduction on popular price aggregator websites such as CoinMarketCap and CoinGecko in the cryptocurrency market.
Furthermore, KangaMoon coin has been listed on two exchanges Uniswap and BitMart and experts are predicting a price hike in the next two weeks. KANG coin is now up 170% on CoinMarketCap and analysts expect the price to rise another 100% in the coming weeks.
In summary
Solana ETFs are on the rise with two giants, 21Shares and VanEck, filing for spot ETFs with the US SEC, a move that has pushed the price of SOL to a weekly high of $154. GSR predicts that Solana’s price could skyrocket to $1,300 if an ETF is approved.
At the same time, KangaMoon will soon launch its gaming platform. Savvy investors are already buying KangaMoon coin ahead of Pepe, in anticipation of a major price increase.
Discover the exciting opportunities of the KangaMoon (KANG) pre-sale today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial
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