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<p class="is-style-lead">Charles Hoskinson, the founder of Cardano, commented on Solana (SOL) after the platform went offline. Some analysts are net bullish on Shiba Inu (SHIB) and KangaMoon (KANG).</p>
<h2 class="wp-block-heading" id="cardano-founder-taunts-solana-over-network-outage">Cardano founder taunts Solana over network outage</h2>
<p>On Feb. 6, Solana stopped for six hours.&nbsp;</p>
<p>Though the network is now back up and running, Charles Hoskinson, the founder of Cardano, joked about this outage.</p>
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   <p lang="en" dir="ltr">Engineers from across the ecosystem are investigating an outage on mainnet-beta. This thread will be updated as more information becomes available <a href="https://t.co/rfeioQ6BG9" target="_blank" rel="noopener noreferrer nofollow">https://t.co/rfeioQ6BG9</a></p>— Solana Status (@SolanaStatus) <a href="https://twitter.com/SolanaStatus/status/1754813351945789491?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 6, 2024</a>
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<p>He shared a meme that showed a gamer blowing into a malfunctioning cartridge before inserting it into an early-model PlayStation. He wrote, “This always works.”&nbsp;</p>
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   <p lang="en" dir="ltr">This always works <a href="https://t.co/5kVRVGFM4l" target="_blank" rel="noopener noreferrer nofollow">https://t.co/5kVRVGFM4l</a> <a href="https://t.co/X9yJXcETQn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/X9yJXcETQn</a></p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1754821690138276334?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 6, 2024</a>
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<p>As competitors, these two altcoins have always had a friendly rivalry. Hoskinson once suggested that Solana can be a Cardano sidechain.&nbsp;</p>
<p>You might also like: <a href="https://crypto.news/solana-network-resumes-operations-following-extended-outage/" rel="noopener noreferrer nofollow"> Solana network resumes operations following extended outage </a></p>
<p>While Solana has built a reputation as one of the top altcoins, it has struggled with network stability.&nbsp;</p>
<h2 class="wp-block-heading" id="analyst-bullish-on-shiba-inu">Analyst bullish on Shiba Inu</h2>
<p>One analyst thinks Shiba Inu is approaching a critical point where it may break its current bearish trend.&nbsp;</p>
<p>SHIB had held onto the crucial psychological support level of $0.000009 for a while before crashing further on Feb. 4. The meme coin has been trading around $0.00000890 and is waiting for a broader market recovery to rise above the $0.000009 threshold.&nbsp;</p>
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   <p lang="en" dir="ltr">Keeping an eye on <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> here…what <a href="https://twitter.com/hashtag/memecoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#memecoins</a> are you looking at? <a href="https://t.co/kFtCHFxEoC" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/kFtCHFxEoC</a></p>— Crypto Rand (@crypto_rand) <a href="https://twitter.com/crypto_rand/status/1752748155924332781?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 31, 2024</a>
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<p>According to Crypto Rand, if SHIB recovers above this level, it could reach its December 2023 high of $0.00001195.&nbsp;</p>
<p>The analyst also pointed out that SHIB has been able to stay above its major support level at $0.000008000, which is important because if it fell below it, it could drop to levels as low as $0.00000661.</p>
<p>Therefore, remaining above this support level would give SHIB the necessary momentum to break out.</p>
<h2 class="wp-block-heading" id="kangamoon-may-outperform-the-crypto-market-in-2024">KangaMoon may outperform the crypto market in 2024</h2>
<p><a target="_blank" href="https://kangamoon.com/" rel="noopener noreferrer nofollow">KangaMoon</a>&nbsp;has been gaining traction and may outperform other coins in 2024.&nbsp;</p>
<p>The platform is different from meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) because it combines socialFi and play-to-earn (P2E) elements into a single platform.&nbsp;</p>
<p>Its native coin, KANG, will be in the KangaMoon ecosystem.</p>
<p>You might also like: <a href="https://crypto.news/investors-closely-tracking-injective-mirror-protocol-and-kangamoon-in-q1-2024/" rel="noopener noreferrer nofollow"> Investors closely tracking Injective, Mirror Protocol, and KangaMoon in Q1 2024 </a></p>
<p>KangaMoon is working on creating a community for people who like meme coins, and they can earn more tokens by participating in challenges and events.&nbsp;</p>
<p>KANG holders can earn more tokens before the game launch. In the current presale, KANG is changing hands for $0.005.</p>
<p>Read more: <a href="https://crypto.news/study-examines-usdt-and-dai-stability-kangamoon-draws-investors-in-presale/" rel="noopener noreferrer nofollow"> Study examines USDT and DAI stability, Kangamoon draws investors in presale </a></p>
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Cardano founder aims jab at Solana; Shiba Inu and KangaMoon may break higher

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