Since its launch, Solana has been touted as one of Ethereum’s biggest competitors. Now Eclipse is bringing the speed and scalability of the network to Ethereum. Meanwhile, things are getting interesting in the meme coin space. While the Shiba Inu price continues to struggle, Kangamoon has emerged as the best option in 2023.
Solana (SOL) is Now Available on Ethereum
At its launch, Solana was referred to as the Ethereum killer because of its speed and scalability. While it has not lived up to the expectations, the Solana network has made a name for itself. It is one of the fastest blockchains, supporting dApps and a DeFi ecosystem.
Now the advantages of Solana are being ported to Ethereum. This is possible as Eclipse has deployed the Solana Virtual Machine on Ethereum. Like its network, the Solana coin has not disappointed in 2023. Year to date, the SOL price has increased by more than 100%.
Recently, while the crypto market contracted, the price of Solana remained steady. Rising from as low as $17.4 in September, SOL went on to trade as high as $20.5. However, feeling the minimum impact of the bear market, the Solana price dropped to $19.41.
Shiba Inu (SHIB) Price Continue To Unimpress
When Shibarium launched in late August, many expected the Shiba Inu coin to rally. However, that has not been the case. Since the launch of Shibarium, the price of Shiba Inu has dropped from over $0.00001000 to trade as low as $0.000006900.
While the Shiba Inu coin has recovered to $0.000007340, it hasn’t lived up to many expectations. This is especially true as Shibarium has been growing at an impressive rate. Since its launch, more than 1.25 million wallets have been registered with more than 10,000 smart contracts.
The growing number of smart contracts has piqued the attention of investors. They have predicted that the Shiba Inu price would benefit from the growth of its dApp ecosystem. As a result, Shiba Inu has been forecasted to reclaim $0.00001000 before the year ends.
Kangamoon (KANG) Dominates the Meme Coin Space
The decline in the price of Shiba has seen many investors turn their attention to more promising projects like Kangamoon. Albeit a meme coin, Kangamoon introduces incredible features and use cases that make it one of the most exciting ecosystems to launch.
Kangamoon’s primary aim is to establish a community of play-to-earn gamers and the fun-filled meme coin. The game, Kangamoon, is the center of the ecosystem. Players will take on the role of Kangamoon, a boxer kangaroo, and compete in spectacular virtual boxing events.
As a P2E game, Kangamoon compensates gamers for their time spent in the Kangaverse with virtual currency and in-game items. The higher players rank in the Kangavere, the higher their earnings will be. These items can be sold and traded in the ecosystem marketplace for cash.
The Kangaverse provides an immersive ecosystem that merges two communities. As a bridge between both worlds, Kangamoon has been a rave among crypto experts. They have predicted that it will dominate the meme coin space in 2023. Now, the project is in its first presale stage where KANG trades at $0.005 per token.
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