KangaMoon surges 50% with unique play-to-earn gaming and social-fi features. Solana faces resistance at $120 after significant gains. Shiba Inu investors await Shiboshi launch amidst warnings of scams.
A fresh meme token has emerged, overshadowing traditional meme coins like Shiba Inu (SHIB) which have been losing traction. This new project has already delivered impressive returns of 50%, attracting the attention of Solana (SOL) investors.
Experts suggest that KangaMoon (KANG) could potentially yield returns of up to 220% during its presale phase.
Anticipation Builds for Shiboshi Debut among Shiba Inu Investors
SHIB has seen a modest increase of over 5% in the past week as investors eagerly await the launch of Shiboshi NFTs. This eagerly awaited NFT collection is anticipated to breathe new life into the Shiba Inu ecosystem.
The release of the collection is scheduled for this upcoming weekend, and the head of marketing at Shiba Inu has cautioned investors about potential scams. In a recent announcement, she emphasized that Shiboshis have not yet been released, and any project claiming otherwise is fraudulent.
Upon release, a select group of Shiboshi holders will have a 72-hour window to mint Shiboshis at no cost. Following this period, LEASH token holders will have a 24-hour opportunity to mint Shiboshis.
Once launched, Shiboshis will be tradeable on platforms such as ShibaSwap.
KangaMoon Records a 50% Surge
KangaMoon experienced a remarkable 50% surge over the weekend, with its phase 1 presale selling out swiftly.
With an already established base of 2,000 enthusiastic investors, the project is aiming for the stars.
KangaMoon offers a distinctive blend of play-to-earn gaming and social-fi elements, setting it apart from its counterparts. It presents an engaging play-to-earn game alongside innovative social-fi components to foster a dynamic investor community.
Participants in the KangaMoon ecosystem have the opportunity to earn KANG tokens by completing weekly, monthly, and quarterly challenges, as well as through their social interactions, promoting active engagement within the community.
Investors purchasing KANG tokens can benefit from a 15% purchase bonus. Speculation suggests a potential surge upon launch.
Participants who actively promote the presale can earn additional KANG tokens. This new incentive provides avenues to accumulate KANG tokens, currently valued at $0.0075.
Solana Faces Resistance at $120
Solana witnessed significant gains over the past week, recording a 7.6% increase.
Following this rally, SOL's daily trading volume surpassed $1.5 billion, with many experts anticipating a breakthrough past its former resistance level of $120.
However, following a peak of $118 on Feb. 15, Solana experienced a decline to $112.34. This setback has hindered Solana's overall growth trajectory and dampened market activity.
Consequently, some investors are now turning their attention to KangaMoon.
Can KangaMoon Reshape the Meme Coin Landscape?
KangaMoon must deliver strong performance to differentiate itself in the meme coin arena. The project is already gaining traction and has the potential to make a mark in a fiercely competitive environment.
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