Positioning itself as “the first memecoin on the Bitcoin (BTC) network,” the PUPS token is experiencing explosive price growth. A number of factors contributed to this, including the upcoming launch of the Runes protocol. On the other hand, Kangamoon (KANG) hops into crypto, offering a social memecoin with play-to-earn twists and a P2E game on the horizon.
PUPS price increased by 1,200% in a week
According to CoinGecko, PUPS is trading at $84.26 at the time of writing. Over the past 24 hours, the value of the asset has risen by a total of 73.7%, and over the week – by 1,221%.
The capitalization of the asset, launched in January of this year, currently stands at $655 million. Meanwhile, the trading volume of the PUPS memecoin exceeds $18.8 million. Over the last day, the figure has grown by more than 105%.
PUPS: Halving and transition to Runes
The main reason for the excitement around the “meme” coin was the news about the transition of PUPS to the Runes protocol. Currently, PUPS is an experimental BRC-20 token on the BTC blockchain. After the halving scheduled for April 20, the developers plan to transfer the asset to the Runes protocol. The last one will appear at exactly the same time. Ordinals creator Casey Rodarmore announced the launch of Runes back in September last year. According to CryptoSlam , the PUPS collection of non-fungible tokens (NFTs) led the way in daily trading volume with $14.4 million.
According to him, tokens based on the new protocol will become a “simpler” alternative to the complex BRC-20 standards. “Runes was created for degens and memecoins, but the protocol is simple, efficient and secure. It is self-contained and does not depend on ordinary numbers or inscriptions, which makes it extremely simple,” Rodarmore wrote in early April, stirring up user interest.
Now some members of the crypto community believe that Runes will become the next refuge for shitcoins. So far, all the excitement is mainly focused on Solana and Base.
Kangamoon: A Community-Driven Memecoin with Play-to-Earn Options
Kangamoon is about to join the crypto world, a memecoin that has been created with a little extra. It is a product of memecoins that provides a gamified element of play-to-earn (P2E) games. This special mix combines these two desires by crypto-enthusiasts: the need for social interaction and the excitement of getting prizes.
Kangamoon is a project which is developed on the Ethereum blockchain and it brings a whole world of community engagement with it. KANG, the cryptocurrency of the project, is the currency of the ecosystem. Through the community engagement, users will receive free KANG tokens as a reward. The project also will run regular challenges such as the weekly, monthly, and quarterly ones, providing participants with more tokens or in-game items as prizes.
Kangamoon Presale is Top Memecoin to Watch in 2024
However, Kangamoon is not just about the noise of social networks. Part of their plan is the P2E game that they are going to release next. In this game, the player has an option to design his own Kangamoon character and then participate in different tasks. In the game, players will have the opportunity to play in tournaments and complete challenges, and also make predictions about other players. Successful events and tasks will receive KANG tokens or NFTs (non-fungible tokens), thus adding more to the play-to-earn aspect.
The Kangamoon presale is in progress now, with the token being sold at a discounted price to the investors who will then be able to use them after the official launch. Kangamoon’s involvement in community, social networking and the upcoming P2E game is a strong sign that it can grow to become a major force in the memecoin and play-to-earn markets.
