Dogecoin (DOGE) has showcased a significant uptrend during the past trading sessions where its price surged 117% within the last month according to CoinMarketCap. Moreover, All eyes are on the KangaMoon (KANG) token, which might be accumulated by some whales. Meanwhile, supporters of KangaMoon (KANG) can take part in the presale to buy tokens.
Mumber of Dogecoin Holders has Grown to 6 Million
In February, the number of DOGE holders increased by 10%, reaching an impressive 6.5 million. This growth was followed by a sharp jump in price: between February 10 and March 4, the price of meme coin soared from $0.081 to $0.1950. However, in early March, the growth rate of new users stabilized. This could mean that new capital is not flowing into Dogecoin and investors are not confident that the bullish trend will continue.
Taking Profits Can Trigger a Fall
At the moment, more than 5.24 million DOGE addresses are in profit, or 84.75% of the total number of holders. 12.28% are incurring losses and the remaining 2.28% have reached the break-even point.
The last time the share of profitable addresses exceeded 80% was in May 2021. Sales of coins by this cohort of investors provoked a collapse in the asset price by 67.86% in just five weeks.
KangaMoon (KANG) Integrates Social-Fi
KangaMoon (KANG) is in 3rd presale stage, and it will establish a platform that will be community-driven and will feature a wide range of activities with multiple earning opportunities. Any player can earn by completing tasks and challenges, where every victory can be turned into a real reward. For example, players can share tweets, post comments, and bet on the outcome of specific matches to win more and more crypto. This is all a part of the Social-Fi elements which have been integrated on top of the platform. Anyone will also be able to access special giveaways and other rewards.
The KangaMoon blockchain ICO has seen massive momentum, as the starting price for KANG was at $0.005, but at Stage 2 of its crypto ICO, it climbed to $0.0075, providing a 50% ROI for the earliest investors.
KangaMoon (KANG): 3rd ICO Round Flies off the Shelves
KangaMoon is grabbing headlines yet again after its stage two presale sold out completely. This round disappeared in record time, indicating that investors are incredibly optimistic about it’s combined social-fi and P2E model.
This model will encourage user engagement throughout the KangaMoon community. For instance, users will be rewarded for building connections and can complete weekly, monthly, and quarterly challenges to amplify their earnings.
Users will be able to generate profits from the start of the KangaMoon presale. Investors who assist in promoting the token will be awarded additional $KANG tokens, on top of any purchase bonuses they earn during presale stages.
In round three, investors can secure a 10% bonus on their KANG acquisition. Tokens are currently priced at $0.01125, having undergone a second price hike after stage 2 of the KangaMoon presale sold out entirely. With a multitude of profitable social-fi opportunities, as well as an action-packed P2E game, KangaMoon has the potential to stand tall in the meme coin community.
