KangaMoon (KANG) is a new meme coin focused on utility via SocialFi and Play-to-Earn (P2E) gaming. Top meme coins, including Dogecoin, Shiba Inu and Bonk eye upside as Bitcoin (BTC) price spikes to above $73k. KangaMoon, which has raised over $1 million, offers a chance for its community to earn more $KANG as the presale continues.

Meme coins have seen a slight dip in their market cap over the past 24 hours, with about 4% dip to $61.8 billion. Meanwhile, Shiba Inu and Bonk have seen significant dips this past week.

Despite this, the crypto segment remains one of the top trending as investors hunt for new gems. KangaMoon (KANG), a new project tipped as the next 50x token in 2024, has captured investor attention as its presale accelerates in stage 3.

The broader meme coin sector, according to data from CoinGecko, has recorded a 4% dip in market cap in the last 24 hours.

Shiba Inu (SHIB) and Bonk (BONK) are the two meme coins to see the most declines in the past week. According to market data, SHIB price has decreased more than 11% and Bonk more than 15%. Dogecoin has also trimmed gains from highs of $0.2 to around $0.17.

Elsewhere, headline making dogwifhat, Pepe, and FLOKI are poised near key support levels after paring gains this week.

Yet, with altcoins expected to embark on a massive “altseason”, these meme tokens could be among hot trends in coming weeks and months. This particular forecast aligns with the hot narrative around meme coins, AI and crypto – particularly with Bitcoin (BTC) hitting the gas pedal as prices hit a new all-time high above $73k.

Could the first-rising meme coin KangaMoon be the one to watch in the market?

Meme coins have been hot in recent weeks, and as noted above, are projected to continue on this trajectory. But most of the tokens currently in the market offer no value and thus likely to see fleeting gains as hype dies down.

KangaMoon outlines a different approach that’s endearing to crypto enthusiasts.

With KANG as the native token, KangaMoon looks to become the next meme coin king through its integration of SocialFi and play-to-earn. The $KANG token will provide for this utility function as the ecosystem’s in-game currency.

Rather than speculation and transient hype, KangaMoon’s looking to be a crypto mainstay with its P2E game.

Aside from exclusive rewards for winning matches, holders can accumulate more tokens through participation in special events and challenges. A chance to collect rare in-game assets is another incentive. 

According to the KangaMoon whitepaper, in-game items will be tradable on a marketplace for $KANG holders.

One notable feature that distinguishes KangaMoon from would-be meme coin rivals is its offering of an opportunity for presale participants to earn more $KANG. Once an individual buy $KANG via the official presale page, they won’t have to wait until the project goes live to start accruing more tokens.

The project’s unique SocialFi model allows token holders to earn extra $KANG by competing in weekly, monthly, and quarterly challenges.

There are also special giveaways and rewards, including a dynamic referral program and presale bonuses. Currently, the platform offers a 10% bonus on all KANG purchases.

KangaMoon’s presale is currently in stage 3, with $KANG priced at just $0.01125. This represents a substantial increase from the initial price of $0.005.

As the project navigates the token sale, analysts see the strong social-fi and P2E outlook as big boosts for KangaMoon in the future. This is potentially one of the most exciting meme projects set to enter the crypto market in 2024. The early presale stages offer a chance to get into what could be the next 20x token.

Learn more about how to earn $KANG in presale here.

The post KangaMoon (KANG) surpasses $1 million in presale: Best meme coin to buy now? appeared first on CoinJournal.

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