Injective (INJ) price has dropped below $40 and could struggle despite latest network developments. Meanwhile, Litecoin (LTC) could break above $100 and eye more upside amid ETF speculation. Additionally, investors are aggressively buying KangaMoon (KANG) in other parts of the market.
Litecoin (LTC) is seeing an increase in attention as sentiment around Bitcoin paints a bullish picture for top altcoins. On the other hand, Injective (INJ) price sits at a crucial support level. Here’s the price prediction for Litecoin, Injective, and a look at why interest in new crypto project KangaMoon (KANG) is skyrocketing.
Litecoin ranked among the top altcoins for a while before plunging off radar during the last bear market. Now, as Bitcoin hoards all the headlines with a spike to a new all-time high, Litecoin price is slowly back into the shadows. However, fresh bullish sentiment could potentially bring the coin back into the spotlight. Last week, Coinbase Derivatives announced its plans to list Litecoin futures, and the derivative product is set to go live on April 1. Additionally, the CFTC has labeled LTC and ETH as commodities in its lawsuit against crypto exchange KuCoin. There is also speculation that institutions may be eyeing a spot exchange-traded fund (ETF) for LTC, as its similarities to Bitcoin may make it more favorable to the SEC compared to Ethereum. If bulls are able to break and strengthen above $100, it could lead to a retest of the $130 level and potentially even a multi-year high above $200.
Injective (INJ) has been choppy since flipping lower from its all-time high of $52.60 on March 14. Currently, INJ trades around $38.35, down more than 5% in the past 24 hours. The coin is hovering near a key support line, which has offered buyers multiple opportunities to reload this year. However, the recent indictment of two KuCoin executives by the US Justice Department has caused some weakness in the market. Despite this, Injective has seen significant network growth, and its Ionic Upgrade could be a big move as the network aims for more interoperability with other chains. If bulls are able to reclaim the upper hand, INJ could potentially reach new all-time highs above $50.
KangaMoon (KANG) is a new crypto token in presale, and it’s already attracting huge attention for its innovative project and potential for the native token KANG. The project combines SocialFi and play-to-earn, and its unique tokenomics allows presale participants to earn KANG through various challenges and contests. The project has already raised over $2.8 million from early investors, and with its rare NFTs and game battle arena, there is potential for KangaMoon to become a top player in the P2E space. For those interested, there is currently a 10% bonus for presale participants, and buying options include USDC, USDT, SOL, BNB, ETH, and BTC. With tokens set to launch on exchanges post-presale, KangaMoon could potentially see explosive growth.
In conclusion, Litecoin, Injective, and KangaMoon are all attracting attention in the crypto market for various reasons. While Litecoin could potentially break above $100 and reach new highs, Injective is seeing significant network growth and could potentially reach new all-time highs above $50. As for KangaMoon, its unique project and potential for massive growth make it an attractive option for investors.
