The price of Injective (INJ) was stuck sideways back in December 2023. However, this month the altcoin managed to return to the game and update its all-time high. KangaMoon moves to third presale stage, marking success in cryptocurrency investment opportunities.
Injective (INJ) updated its all time high
Even though INJ showed lackluster performance for several weeks in a row, it still reached a new peak thanks to the support of this group of investors.
According to the analytical platform Santiment, over the past week, addresses with balances from 100 thousand to 1 million INJ increased their reserves from 9.34 million to 9.67 million coins. The actions of retail investors also indirectly supported the price increase: unlike whales, they did not accumulate funds, but still refrained from selling. This is evident from active deposits, which are at a three-month minimum.
INJ Price Prediction: What to Expect After Reaching ATH
After breaking the $48 barrier, Injective will likely aim for $50 as the most important psychological level. Confirming it as support will allow the rally to continue as FOMO encourages hoarding among retail investors. However, a fall below $45 will significantly weaken the momentum and return the altcoin to a consolidation state.
KangaMoon Moves into the Third Phase of its Presale
The Initial Coin Offering phase of the KangaMoon (KANG) token has been remarkably successful, with substantial gains accruing for early investors.
Having raised over $950K thus far, KangaMoon is moving through the third stage of its presale, selling at a fresh price of $0.01125. Apart from aspiring for memecoin supremacy, KangaMoon has targeted positively impacting the multi-billion-dollar Play-to-Earn market.
Already positioned as one of the leading memecoins to monitor, KangaMoon hosts a Meme Lord Contest, encouraging participants to exhibit their meme creation abilities to earn up to $150 worth of KANG tokens.
About KangaMoon
The platform is primarily a P2E metaverse project where users will have the opportunity to participate in battle contests among themselves to earn KANG tokens and other assets as prizes. Furthermore, by embracing a community-centric approach, KangaMoon generates more earning incentives, such as the ability to wager on the outcomes of battle contests to earn additional rewards.
