Arbitrum

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Although Solana and Arbitrum have made headlines over the last month, their returns have been extremely mixed. Both projects posted gains in early February, though have since crashed.&nbsp;
Instead of swing trading these altcoins, investors are now looking at a new meme coin whose presale is ongoing.
<h2 class="wp-block-heading" id="arbitrum-flips-ethereum-in-derivatives-volume">Arbitrum flips Ethereum in derivatives volume</h2>
According to data from <a href="https://defillama.com/" target="_blank" rel="noopener noreferrer nofollow">DefiLlama</a>, Arbitrum’s weekly derivatives volume hit an all-time high of $18 billion.
This is a significant milestone for Arbitrum investors and has triggered a surge in the project’s daily trading volume.
In total, this increase marked a 17% uptick in derivatives volume and helped Arbitrum pass Ethereum, which had a volume of $9 billion during the same week.
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According to cryptocurrency experts, this shows Arbitrum’s potential and could be a sign that the project could dominate the DeFi market in the future.
However, despite its daily trading volume increasing by 87.58% to $715 million, Arbitrum’s price is down. Presently, data on CoinMarketCap shows that Arbitrum’s price is down by 6.65% over the last 24 hours, taking Arbitrum to <a href="https://coinmarketcap.com/currencies/arbitrum/#News" target="_blank" rel="noopener noreferrer nofollow">$1.87</a>.&nbsp;
<h2 class="wp-block-heading" id="solana-may-fall">Solana may fall</h2>
After a strong bull run pushed Solana’s price to $118, the popular altcoin has faced a significant decline. Over the last week, Solana’s price has crashed by 11%, and Solana has dropped by 6.7% over the last 24 hours.&nbsp;
According to experts, this decline has been triggered by buyer exhaustion.
You might also like: <a href="https://crypto.news/solana-price-falls-as-new-altcoin-emerges-as-potent-alternative/" rel="noopener noreferrer nofollow"> Solana price falls as new altcoin emerges as potent alternative </a>
Despite crypto bulls trying to push Solana past its resistance of $120, the project has dropped to just <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">$102</a>. Now, as selling pressure builds, some analysts fear that Solana could drop below $100.
This could cause SOL to crash to $95, during which Solana’s trading activity could also decline.&nbsp;
<h2 class="wp-block-heading" id="investors-exploring-kangamoon">Investors exploring KangaMoon</h2>
<a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">KangaMoon</a> investors remain extremely bullish despite the recent bearish market trends.
The meme coin distinguishes itself from other projects with its P2E social-fi hybrid platform. It will let users engage in exciting P2E gameplay, while also rewarding users for their social activity.
You might also like: <a href="https://crypto.news/focus-on-litecoin-ahead-of-bitcoin-halving-solana-traders-switch-to-kangamoon/" rel="noopener noreferrer nofollow"> Focus on Litecoin ahead of Bitcoin halving, Solana traders switch to KangaMoon </a>
Unlike many meme coins that rely on market hype, KangaMoon looks to create a bustling community of DeFi enthusiasts.
To achieve this goal, <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">KangaMoon</a> will reward socially active players with KANG tokens. Furthermore, investors who help to promote KangaMoon will be granted additional tokens during the KangaMoon presale.&nbsp;
These rewards will be combined with challenges to give users a plethora of new earning opportunities.&nbsp;
KangaMoon is currently in stage 2 of its presale and KANG tokens are selling at $0.0075. So far, there are over 2,000 presale participants.
With the&nbsp; P2E NFT game market expected to grow 93% annually, KANG holders remain hopeful.
Read more: <a href="https://crypto.news/kangamoon-surges-50-attracting-solana-holders/" rel="noopener noreferrer nofollow"> KangaMoon surges 50%, attracting Solana holders </a>
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Solana and Arbitrum traders diversifying portfolios with new meme coin

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