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SHIB gains traction with Nexo exchange listing and Shibarium hard fork, while KangaMoon rises in the P2E sector, showcasing strong presale performance and social-fi features.
Shiba Inu (SHIB) is back in the news as the SHIB token landed on top of the Nexo exchange, opening the door to a whole new wave of traders. In addition, its successful hard fork of Shibarium, a Layer-2 scaling solution, promises blazing-fast transaction speeds.
The spotlight seems to however be shifting toward KangaMoon (KANG). Its unique blend of social-fi features and a burgeoning play-to-earn (P2E) ecosystem have captured investor interest.
SHIB experiences Shibarium hard fork and Nexo Exchange listing
Shiba Inu is seeing a surge in value as during the past year, its climb was by 167%, and this has resulted in increased trader confidence in the future as well. The catalyst for this major Shiba Inu crypto growth include its addition on the Nexo exchange, as the token went live and is now available to an entirely new wave of traders.
Additionally, the Shiba Inu price can experience an even higher uptrend, as it experienced a successful hard fork of the Shibarium Layer-2 scaling solution for Ethereum. This has resulted in blazing-fast transactions and predictable gas fees. According to the Shiba Inu price prediction, the crypto is poised to climb to a maximum point of value at $0.000032 by Q4, 2024, making it the best crypto to buy.
KangaMoon projected to lead the P2E market
KangaMoon (KANG) is shaping up to be a major force within the P2E space, as it is a community-driven project that leverages blockchain technology to create a robust ecosystem featuring a dedicated marketplace and unique tokenomics.
Its presale has seen promising performance, as it exceeded $6.6 million raised and has attracted over 20,000 users. Analysts now project that it can reach $8 million by the end of this month, showcasing strong investor confidence, fueled by the massive token utility.
KANG changes how the market views meme-based currencies through offering vast use-cases, as it is utilized as the in-game currency and for reward incentives. This strategic integration fosters a sustainable model that separates KangaMoon from speculative projects.
The global P2E market is booming, reaching $3292.73 million in 2022 and is expected to expand by a CAGR of 17.93%. It is now projected to reach 8856.95 million by 2028, and if KangaMoon grabs even a small percentage of this market it is set to see significant gains.
The token’s value has risen 400%, from $0.005 to $0.025, and is now at the Bonus Round of its presale, providing yet another opportunity for new traders to diversify their holdings. Experts are bullish on KangaMoon’s future and project a potential 100x increase in its value, post-launch, and major exchange listings, expected by Q2, 2024.
Conclusion
It’s clear that Shiba Inu is making strides with its exchange listings and scaling solutions, however, its value is still heavily influenced by hype. On the other hand, KangaMoon offers utility within its P2E ecosystem, as it serves as the in-game currency and reward incentive, which creates a sustainable model for its value and future. In addition, KangaMoon’s ecosystem is over 20,000 users strong even prior to its launch, and its projected 100x price gains at launch serve as a major incentive for diversification.
For more information about KangaMoon, visit the official website or join the Telegram community.
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