As a seasoned crypto investor with a keen interest in on-chain analysis, I’m thrilled to see Solana (SOL) surpassing Ethereum (ETH) in terms of daily economic profitability. Leon Waidmann’s report is a testament to the growing strength and potential of the Solana network. The graph presented in his tweet clearly illustrates the shifting tides in the crypto market, with Solana gaining momentum while Ethereum experienced a dip.
Leon Waidmann, an expert in on-chain analysis, recently announced that Solana’s economic profitability has surpassed Ethereum‘s for the first time. This revelation follows Solana reaching a new achievement, with its daily economic value exceeding $2.2 million.
KangaMoon (KANG), an up-and-coming meme token, recently achieved a notable achievement by getting listed on the prominent exchange, Bitmart. This development could spark a surge in its price.
Solana (SOL) Becomes More Profitable Than Ethereum
Solana (SOL), a leading Ethereum rival, achieved a significant accomplishment according to Leon Waidmann, an on-chain analyst, who announced via tweet that Solana’s daily economic profitability surpassed Ethereum’s for the first time in history.
During the span from February 14 to May 12, 2024, Waidmann showcased a diagram from Blockworks illustrating the cumulative economic worth of Solana and Ethereum altcoins in total. Their earnings were derived primarily from transaction fees and Miner Extractable Value (MEV).
As an analyst, I’ve observed some intriguing trends in the cryptocurrency market during the early months of the year. In particular, Ethereum showed impressive growth in February and March, with its performance graphically illustrating this success. However, April saw a shift in fortune for Ethereum as its profitability dipped. Conversely, Solana’s network struggled in mid-February but experienced a significant turnaround by March, leading to remarkable growth that surpassed Ethereum’s on May 12, generating over $2.2 million in profit.
Regarding their price-performance in the year 2024, Solana (SOL) outpaced Algorand (ALGO) in terms of profits generated. Starting from the beginning of this year, Ethereum delivered a return of 31.5%. Meanwhile, Solana’s altcoin surged by an impressive 61.5%, and currently trades above the significant support level of $160.
KangaMoon (KANG) Builds Momentum, Earns Exchange Listing on Bitmart
KangaMoon (KANG) has recently gained notable interest due to reaching a notable achievement before its debut. In preparation for its launch, the KangaMoon team has revealed that their KANG tokens will be available for trading on Bitmart, a prominent centralized exchange (CEX).
The announcement marks the peak achievement of KangaMoon, a groundbreaking project that amassed over $6.7 million during its ICO campaign for cryptocurrency. The buzz surrounding this innovative endeavor stems from its unique entry into the meme coin market, where it aims to accomplish what others have not: introducing utility.
As an analyst, I’d describe it as follows: I’ve discovered that KangaMoon has innovatively combined GameFi and Play-To-Earn elements with meme culture in their Social-Fi protocol. In this game, players make choices about which champions to bring into the Kangaverse before engaging in captivating challenges and battles. Successful completion rewards players with free KANG tokens.
KangaMoon’s unique Social-Fi model sets it apart in the meme coin world, allowing access to various users beyond just gamers. Regular people can participate and secure KANG, NFTs, and enticing rewards by engaging with the community. Simply follow KangaMoon on social media platforms and interact to potentially reap the benefits.
As a crypto investor, I’ve been keeping an eye on the impressive new meme token, KANG. During its ICO phase, it saw a remarkable rise of 400%. Currently, each token is priced at $0.025. According to analysts, the upcoming listing on Bitmart has the potential to significantly increase its price up to $0.5. Therefore, buying KANG now could be an excellent investment opportunity.
In Conclusion
As a crypto investor, I’m excited about Solana’s latest achievement, which underscores its position as Ethereum’s formidable competitor and the potential significant impact it could have on the altcoin market. On the other hand, KangaMoon is poised for success with the launch of its groundbreaking Social-Fi protocol. This listing marks the beginning of widespread adoption for KangaMoon, and I believe it’s one of the best cryptos to buy today due to the potential for a parabolic surge.
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2024-05-19 22:30