Ad

Kangamoon emerges as promising investment amid Bitcoin ETF market uncertainty

By:
on May 21, 2024
Updated: May 23, 2024
Listen
  • KangaMoon (KANG) integrates GameFi, Play-To-Earn, and SocialFi elements.
  • Notcoin (NOT) experiences a 67% price drop post-airdrop and Binance delisting.
  • KangaMoon presale raises $6.7 million, with upcoming BitMart listing.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Analysts have predicted that the lackluster performance of the spot Bitcoin ETFs market could mean limited upside action for Bitcoin prices in the coming weeks and months.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

This projection has significant implications for newly-launched projects like Notcoin, raising questions about its potential for growth and whether alternative investments like Kangamoon could offer better opportunities.

Notcoin dumps after airdrop

Copy link to section

Notcoin (NOT), the native token of a tap-to-earn game project, aimed to onboard millions of users to Web3.

The project gained massive hype ahead of its trading debut this week, fueled by listing announcements from top crypto exchanges such as Binance, OKX, and Bybit. Initially, Notcoin traded at a Fully Diluted Valuation (FDV) of $1 billion as it debuted across these exchanges.

However, the hype was short-lived as the NOT price tanked 67%, currently trading around $0.006753. Binance’s decision to cancel support for the NOT/BTC pair added to the downside pressure.

Despite this setback, Notcoin could potentially record a decent bounce if the broader gaming ecosystem gains new traction following a dismal 2024. Bitcoin’s performance could also influence its dynamics.

Kangamoon emerging as top meme-inspired cryptocurrency

Copy link to section

The meme coin space has seen significant moves for Solana, BNB Chain, and Ethereum meme tokens.

While some meme coins exhibit massive growth potential, most are often weak copycats driven by hype. However, KangaMoon stands out due to its unique utility.

KangaMoon integrates GameFi and Play-To-Earn (P2E) with a SocialFi element, allowing users to earn more as they interact, share, and connect. The native in-game currency and network reward token, KANG, will be central when the P2E game launches.

Presale participants can earn KANG immediately by participating in challenges and contests, contributing to KangaMoon’s growing community.

Is Kangamoon a better opportunity?

Copy link to section

KangaMoon (KANG) is expected to dominate the meme coin market, with its presale raising over $6.7 million so far. The project’s smart contract has been audited by both Solid Proof and InterFi, boosting investor confidence.

Following its success in presale stages, KangaMoon is now offering a bonus sale round at a current KANG price of $0.025.

This limited bonus round is quickly selling out, presenting an opportune moment for new investors to join the community.

KangaMoon’s rigorous audits and team transparency are positive factors, along with news of KANG’s upcoming CEX listing debut on BitMart.

Compared to other meme coins, KangaMoon’s community-driven P2E game focus and utility stand out. With a total supply of 1 billion KANG, the project has the potential for significant growth amid market demand.

Investors should consider broader market dynamics and conduct thorough research before making investment decisions.

Bitcoin Crypto