The cryptocurrency market capitalization has exceeded $2.5 trillion. Among the main assets such as Bitcoin (BTC) and Ethereum (ETH), memecoins currently stand out brighter than all others. KangaMoon (KANG) Seen as one of the Top 3 best memecoins for 2024.
The meme coin sector continues to shine. Thus, the market value of memecoins the day before exceeded that of the non-fungible tokens (NFT) market, which has also experienced significant growth in recent weeks.
Crypto market capitalization is growing, and memecoins dominate!
According to coinmarketcap, at the time of writing, the volume of the crypto market is $2.5 trillion. The last time the figure reached this level was only in November 2021. The maximum value was $2.9 trillion.
Meanwhile, the capitalization of the memecoin sector reached $40 billion. Messari CEO Ryan Selkis drew attention to this. He wrote that “meme” coins have outperformed other emerging and relevant areas of the crypto market, including decentralized finance (DeFi). Over the past week, many tokens have shown impressive positive dynamics. This is what contributed to the growth of capitalization of the cryptocurrency market. Thus, over the past seven days, one of the most popular “meme” coins on the market, Pepe (PEPE), has risen in price by almost 300%. Another asset, dogwifcoin (WIF), jumped 400% over the same period.
Kangamoon (KANG) attracts gamers and meme lovers with a hybrid platform
The Play-to-Earn gaming sector is gaining momentum, with the gaming market poised for a bright future, according to Newzoo. It is expected that by the end of 2024 the number of players will be 3 billion people, and the annual income of this segment will exceed $200 billion.
New project Kangamoon aims to take advantage of this growth. The team aims to seamlessly integrate memes with the growing gaming market and create a virtual space where crypto enthusiasts and meme lovers can compete with each other and receive rewards for doing so. In addition, gamers will have the opportunity to participate in competitions, battles and tournaments, receiving even more rewards and prizes.
This unique approach has caught the attention of industry experts who note KANG’s significant growth potential. Cyberscope and SOLIDProof have already audited and certified Kangamoon smart contracts. This demonstrates the constant commitment of the project developers to safety and reliability. At the moment, the native token of the KANG platform can be purchased at a price of $0.005 during the first stage of pre-sale.
Investors Eye Kangamoon (KANG) Expecting 20x Growth
The decline in interest in other memecoins has led to an increase in the number of investors interested in the Kangamoon (KANG). Unlike other meme cryptocurrencies, Kangamoon offers not only fun, but also the utility of being a functional token for a full-fledged gaming ecosystem.
In the P2E game Kangamoon, players take on the role of Kangamoon, an energetic kangaroo with a passion for boxing. Participants are offered not only exciting boxing gameplay in the virtual world of Kangamoon, but also the opportunity to earn money.
Players earn virtual currency and rare in-game items by winning matches, participating in special events and completing challenging quests. These items can also be traded on the in-game Kangamoon market, further increasing the earning potential for gamers.
