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Pepe and Shiba Inu investors, who made a big impact in the meme coin field in 2023, are investigating the KangaMoon (KANG) meme coin, which is new to the market and is uncertain whether it will be successful or not.
Considering the price drops of Pepe and Shiba Inu in the last month, it is curious whether this new project will be successful or not.
Pepe Soars After Bitstamp Listing
Pepe’s price has increased by 15% in the last 24 hours following the news that the meme coin will be listed on Bitstamp. This significant milestone will make Pepe more accessible to the global pool of investors, which could increase its price and daily trading activity.
However, Pepe remains one of the worst performing meme coins in 2024. Its price has decreased by 0.64% in the last month, while many of its competitors have risen following the recent bull rally.
Additionally, Pepe has fallen out of the top 100 cryptocurrencies in terms of market cap, suggesting that the meme coin may have lost its momentum.
Although its price is currently rising, crypto experts believe that this growth is only temporary. All in all, Pepe is a risky short-term investment.
Shiba Inu, Sheboshi Rising Amid NFT Rumors
Shiba Inu investors are eagerly awaiting the release of Sheboshi NFTs. A launch was previously hinted at on Valentine’s Day, which could trigger a surge in Shiba Inu price and push SHIB above the $0.00001 resistance.
At the time of writing, Shiba Inu was trading at $0.00000962 and its daily trading volume was $130 million. Despite a potential new release, the project’s daily trading volume has decreased by 31.94% in the last 24 hours, suggesting that SHIB may be losing momentum.
KangaMoon (KANG): New Meme Coin Rival
While meme coins offer significant returns, they lack in one main area: they offer little utility. KangaMoon (KANG) aims to change this with its innovative social-fi model. But it is unknown whether it will be successful or not. The project is new and its future is uncertain, detailed information should be researched before taking any action, there is risk.
KangaMoon aims to build the world’s most exciting DeFi community. Its platform rewards active players with weekly, monthly and quarterly gifts. These rewards will also include $KANG tokens, which will play a critical role in the KangaMoon ecosystem.
KangaMoon will launch an exciting P2E game within this ecosystem. Players will be able to use this game to generate additional rewards, compete in tournaments, and interact with other players. They will be able to sell the rewards they have earned on the KangaMoon marketplace and purchase new customizations of their characters.
KangaMoon is currently in its first stage of pre-sale. The utility token, $KANG, is selling for $0.005 and is expected to rise once the first phase is depleted. Since 50% of the tour’s stock has already been sold, his team estimates that KangaMoon could experience a price increase by the end of February.
Will KangaMoon Be Successful?
Considering KangaMoon’s utility and unique social-fi app, experts wonder if KangaMoon can compete with projects like Pepe and Shiba Inu.
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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!
