With the general crypto market following the uptrend, the GameFI market is now enjoying massive momentum. GameFI tokens like KangaMoon (KANG) are warming themselves into the hearts of investors. As one of the top meme coins, KangaMoon is set to revolutionize the GameFI landscape.
Contrastingly, Shiba Inu (SHIB) and Internet Computer (ICP) are not having the best of the moment. They have both fallen to the bear market with holders exploring alternative projects to preserve their portfolio.
KangaMoon (KANG) Shows Explosive Returns in a Few Weeks
With Shiba Inu and Internet Computer falling into bearish territory, holders are seeking an investment in KangaMoon after the KANG token surged exponentially in the last few weeks. Having started its presale on a floor price of $0.0050, KangaMoon holders have gotten over 125% ROI in a few weeks as analysts project more growth performance before its listing at a major tier 1 exchange in Q2.
KangaMoon’s explosive growth has seen its price skyrocket to $0.01125 at stage 3 as investors begin to take notice. For new investors, KangaMoon gives a 10% bonus upon purchase at this price. Notably, holders of KangaMoon can earn more through active engagements on the platform and also by promoting the project on various social media platforms.
Essentially, KangaMoon is a blend of the SocialFi model with a touch of play-to-earn gaming. As such, it creates a community of meme enthusiasts and allows players to compete for various rewards. Spectators can also speculate on match outcomes and earn significant rewards afterward. Additionally, users can earn through the KangaMoon referral program by inviting friends and ensuring they purchase the KANG token.
With KangaMoon still months away from listing, now is the right time for investors to stake an early claim. With the NFT market projected to reach $200B in 2024, an investment in KangaMoon can give more than 100x return. As such, analysts rate KangaMoon as one of the top meme coins and predict the price to reach $1 by the end of the year.
Internet Computer (ICP) Faces Bear Threats as Token Nears $15
While Internet Computer is aiming to break the $15 key resistance zone, the latest bearish pullback has become a barrier. Based on market stats, the Internet Computer price has fallen by 5% in the past week as the token slides into the bear market.
Also, the Internet Computer trading volume and market cap are on a downtrend which is worsening the situation. The dwindling market activity could push the token deeper into the bear trend. While some analysts think that Internet Computer may retest the $15 resistance trendline soon, token holders are already looking for alternative projects to recover from their losses.
Shiba Inu Down By 11% as Bear Market Creeps in
After a few weeks with the bull market, Shiba Inu (SHIB) is beginning to have a dose of bear pressure. Over the past 7 days, the token price has declined by 10% with the token market cap depleting to $18B. Also, the Shiba Inu trading volume is on a downtrend as the token witnesses a massive sell-off.
The Shiba Inu Fear and Greed Index displays an Extreme Greed of 81 which indicates that the price may go up anytime soon. However, the activities of sellers who are taking profits may affect Shiba Inu’s price in the long term.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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