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Shiba Inu has exploded in the last week. Its value increased by 183.84% and thousands of new investors joined the Shiba Inu ecosystem to benefit from the expected price increases. According to the sponsored content submitter, KangaMoon reached a new milestone during its pre-sale and is expected to continue gaining value throughout the next week. As a result, some meme coin investors are choosing to diversify their portfolios. The future of the new project is uncertain, caution should be exercised, the investment carries the risk of loss.
Shytoshi Kusama Made a Few Announcements About her Shiba Inu
Over the last 5 days, Shiba Inu lead developer Shytoshi Kusama has been extremely active on X. Kusama has made several posts to the Shiba Inu community. One of these posts highlighted that Shiba Inu is catching up with Dogecoin. At the time of writing, Dogecoin was ranked as the 9th largest cryptocurrency by market cap, while Shiba Inu was ranked 11th.
The recent growth of Shiba Inu has largely closed this gap and now, Kusama highlights Shiba Inu as the “Dogecoin killer” coin.
In one of her last posts, Kusama said “there will be another big announcement next week.” This announcement is expected to bring greater use to the Shiba Inu ecosystem, which has grown exponentially over the past year.
According to CoinMarketCap, Shiba Inu is currently trading at $0.00002818 and SHIB is up 212% in the last month. This is the highest price Shiba Inu has reached in over a year, and now meme coin enthusiasts believe Shiba Inu could topple Dogecoin within the next 10 months.
Could KangaMoon Be the Best Meme Coin?
As demand for meme coins increases, KangaMoon is allegedly looking to capitalize on market growth, according to the sponsored content poster. This innovative new project has increased its value by 50% and is now reported to be almost sold out in its second phase of pre-sale, but its future is uncertain and the investment carries the risk of loss.
According to his team, the main reason for investors to join KangaMoon is the unique model of the project. Rather than being just another meme coin, KangaMoon offers social-finance features and a P2E game. This game will allow users to battle characters in tournaments and bet on who will win. But this is just one of KangaMoon’s many features.
The project will actively reward players for their social activities. The more they participate, the higher their rewards will be. Additionally, users will be able to complete weekly, monthly and quarterly challenges to get maximum returns.
These social-finance incentives will help KangaMoon to create a vibrant ecosystem of like-minded individuals. KangaMoon will use $KANG tokens within its ecosystem. These tokens are currently trading at $0.0075, and KangaMoon is allegedly offering a 10% purchase bonus to those who invest during the second phase of its pre-sale.
KangaMoon or Shiba Inu?
While establishing the Shiba Inu ecosystem, some experts believe that the SHIB has already passed its peak growth stages. As a result, future returns may be limited. The future of the new project KangaMoon is uncertain and investors are wondering whether it will be successful or not.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
