You can also read this news on COINTURK NEWS: Arbitrum (ARB) Drops Below $2, Arweave (AR) Pumps, KangaMoon (KANG) Price Surges To New ATH
With the volatile nature of the crypto market, it is always a common phenomenon that a token can be in an uptrend for a moment and, in the next moment, fall to the bear trends. Although Arbitrum (ARB) buyers are rallying around the coin, the token’s price has fallen below the $2 mark in the last few weeks. Meanwhile, the Arweave (AR) bulls dominate with significant price improvement seen on the tokens price chart. In the meme coin market, KangaMoon (KANG) shoulders above all with its creative way of fusing P2E gaming with meme features. More details below.
KangaMoon (KANG) Sets to Rival Established Meme Coins
With Arbitrum and Arweave both within the purview of the bull market, KangaMoon has been described as one of the best meme coins to invest in now. The project presale has been a hit after attracting investors with its revolutionary ideas of fusing P2E gaming with meme coin features, thereby creating an uncommon gaming experience for users.
With established meme coins like Dogecoin and Pepe generally thriving on social media hype, KangaMoon offers an ecosystem of like-minded investors, making it different from the rest. Players using the KangaMoon platform will battle it out for prizes and rewards by winning gaming tournaments and competitions. With KangaMoon, players can design their unique characters and test their gaming skills against competitive opposition.
The platform native utility token, $KANG, an ERC20 token, is on stage 2 of the presale and sold for only $0.0075. When you buy now, you get a 15% bonus given by the platform. Holders of the KANG token can earn additional profits by engaging in different platform activities. Essentially, users can also enhance their rewards by completing weekly, monthly, and quarterly challenges. Spectators can also bet on gaming outcomes to earn more rewards.
Early investors of KangaMoon have already pocketed 50% ROI and a substantial ROI awaits as the presale progresses. Additionally, users can earn in the referral program by inviting their friends and ensuring they purchase the $KANG token. With the meme coin market expected to receive a boost soon, analysts forecast the $KANG tokens price to surge by 220% during the presale and 350% when listed on major exchanges. With additional benefits remaining unexplored, KangaMoon is a lucrative investment opportunity that investors should watch out for in the year.
Can Arbitrum (ARB) Retest the $2 threshold after Rejection?
The Arbitrum (ARB) token traded at a $2.40 price value to set a new all-time high record on Jan 12, 2024. However, the bears have battled the token, pulling down the price below $2 in recent weeks. Analysts hinged this major Arbitrum token drop to the withdrawal of 901,392 ARB tokens totaling $1.63 million by Contex Finance.
However, the bulls are gaining ground again as Arbitrum is set to retest the $2 price point. Although the buyers may have lost the earlier aggression that pushed the Arbitrum price past $2, the technical charts indicate that they still hold some influence. If they successfully stabilize the Arbitrum price around the $2 mark, the next bull run may rally the price to the $3 mark.
Arweave (AR) Pump, Can it Reach $15 Soon?
Arweave (AR) made a bullish end to 2023, surging by 24% on the 90-day trading chart. The momentum has continued into 2024, with the token price increasing by 51% in the past 30 days based on market stats. In that timeframe, the Arweave price traded between the highs of $16.45 and the lows of $7.77.
On the weekly chart, Arweave buyers are dominating with the tokens price witnessing a 10% growth. Although the Arweave trading volume and market cap suffered a decline in the past few weeks, analysts expect the new bullish wave to affect the metrics soon. If this materializes, the token may trade above $20 in the coming weeks.
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