Cardano founder mocks Solana over network outage
On February 6, the Solana network experienced a six-hour outage. Following this incident, Charles Hoskinson, the founder of Cardano, made a playful comment about the outage. He shared a meme that humorously depicted a gamer blowing into a malfunctioning cartridge before inserting it into an early-model PlayStation, stating that “This always works.” Despite their friendly rivalry as competitors, Hoskinson had previously suggested that Solana could be a sidechain for Cardano. While Solana is regarded as one of the top altcoins, it has faced challenges with network stability.
Analyst optimistic about Shiba Inu’s future
An analyst believes that Shiba Inu (SHIB) is approaching a critical point where it may break its current bearish trend. SHIB had maintained its psychological support level at $0.000009 before experiencing further decline on February 4. The meme coin is currently trading around $0.00000890 and awaits a broader market recovery to surpass the $0.000009 threshold. If SHIB manages to recover above this level, it could potentially reach its December 2023 high of $0.00001195. The analyst also highlighted the importance of SHIB staying above its major support level at $0.000008000 to gain momentum for a breakout.
KangaMoon predicted to outperform the crypto market in 2024
KangaMoon has been gaining popularity and is expected to outperform other coins in 2024. Unlike meme coins like Dogecoin and Shiba Inu, KangaMoon combines socialFi and play-to-earn (P2E) elements into a single platform. Its native coin, KANG, will be part of the KangaMoon ecosystem. The platform aims to create a community for meme coin enthusiasts, allowing them to earn more tokens through challenges and events. KANG holders can also earn additional tokens before the game launch. Currently, KANG is being traded at $0.005 in the presale phase.
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