Solana becomes more profitable than Ethereum, KangaMoon achieves key alliance towards the end of its pre-sale – DiarioBitcoin

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The KangaMoon team offers details about its pre-sale, and analyzes the case of Solana, which surpassed Ethereum in a key indicator.

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Leon Waidmann, a Blockchain analyst, reported that Solana’s economic profitability has surpassed that of Ethereum for the first time. The report comes just after the altcoin reached a new milestone, as its daily economic value exceeded $2.2 million.

Another project that has reached an important milestone is KangaMoon (KANG), a project that will bring its cryptocurrency to the Bitmart exchange once its ongoing pre-sale concludes.

Solana (SOL) becomes more profitable than Ethereum

Solana (SOL), one of Ethereum’s main competitors, has finally reached a major milestone. In atweet Leon Waidmann, an analyst at the network, said that Solana’s daily economic profitability has surpassed that of Ethereum for the first time.

Waidmann showed a Blockworks chart in which the total economic value of both altcoins was plotted for the period February 14 to May 12, 2024. Profits for Solana and Ethereum were derived from transaction fees and MEV.

The chart clearly indicates that Ethereum did very well in February and March, but its performance dipped in April. On the contrary, in mid-February the Solana network was not doing well, but in March it began to recover. All of this resulted in Solana’s profitability surpassing Ethereum on May 12, by over $2. 2 millions.

In terms of price development, SOL has generated more profits than ALGO in 2024. Since the beginning of this year, Ethereum has achieved a return of 31.5%, and SOL It is already up 61.5% trading above the $160 support level.

KangaMoon (KANG) is coming to Bitmart

KangaMoon (KANG) is another project that has garnered attention for reaching a major milestone. Ahead of its launch, the KangaMoon team announced that its KANG tokens will be listed on Bitmart, one of the leading centralized exchanges (CEX).

The announcement is the culmination of the success of KangaMoon, a project that has raised more than 6.7 million dollars in its pre-sale. There has been a lot of interest in this new project because it has ventured into the space coins meme to achieve what many others have not achieved: utility.

KangaMoon has created a one-of-a-kind Social-Fi protocol that is the combination of GameFi and Play-To-Earn, along with meme culture. The game allows players to select their champions before entering the Kangaverse and then participate in interesting challenges and battles to earn free KANG tokens.

KANG It is now trading at 0.025 per token, although its arrival on Bitmart may portend a more pronounced increase once the pre-sale closes..

In conclusion

Solana’s new record proves once again that it is Ethereum’s main rival and can have a major influence on the altcoin market.

Meanwhile, KangaMoon is just beginning to reap the benefits of its revolutionary new Social-Fi protocol.

Discover exciting KangaMoon (KANG) pre-sale opportunities today!

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Disclaimer: This is a sponsored note produced by the KangaMoon team , hence DailyBitcoin DOES NOT endorse or promote the commercial offers, products or services cited throughout the text.

The marketing of cryptocurrencies in the pre-sale phase can be a risky activity, even more so if it is not done through a launchpad or known platform. We recommend that interested parties research more about the project and its value proposition before investing their capital, since any investment carries significant risks.

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Text and image by KangaMoon

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.