Floki price spiked more than 25% to hit a new all-time high. KangaMoon is a new memecoin project combining GameFi and SocialFi. Currently available in presale, via a bonus round, the native token KANG is priced at $0.025.

It’s been a fantastic 24 hours for Floki Inu (FLOKI), the memecoin whose growth in the crypto space continues to push it towards the top rankings.

As the altcoin rallies, notable attention is also on new crypto project KangaMoon (KANG). Can this new play-to-earn (P2E) platform’s native token price mirror or even surpass Floki’s?

Floki, like most of the previous bull cycle memecoin outperformers, has lagged recently launched tokens – mainly PolitiFi and celebrity inspired releases.

However, with industry heavyweights like Ethereum founder Vitalik Buterin expressing concern about the impact of worthless memecoins to crypto, attention remains largely on the likes of Dogecoin, Shiba Inu, Pepe and Floki.

The FLOKI roadmap unveiled in March and recent milestones such as the launch of the Floki trading bot and run to over 417,000 holders on the BNB chain, have helped put this memecoin on track for market dominance.

On Monday, crypto trading and investment firm DWF Labs announced the purchase of $12 million worth of FLOKI tokens. The firm said its goal is to support Floki’s ecosystem growth, which includes such projects such as the upcoming Valhalla metaverse game, credit card and a FLOKI-powered digital bank.

The memecoin hit a new all-time high of $0.0003449 on June 5 after the DWF Labs news. This has analysts taking bullish Floki price predictions.

If FLOKI holds support above the $0.0003 level, it’s likely to strengthen the bullish outlook amid price discovery. 

KangaMoon (KANG) is a new project that has the market’s attention firmly focused on its upcoming launch and exchange debut. KangaMoon has seen more than $7.6 million raised in its presale.

KANG is the native token of the play-to-earn (P2E) gaming project. It will serve as the utility and governance token, giving holders access to exclusive rewards, rare NFTs and governance participation.

Specifically, users will tap into KANG as an in-game currency for the P2E game and deploy it within the SocialFi ecosystem around it in things like social contests and game puzzles.

As the broader market gains amid new upward momentum, memecoins like Floki are likely to stand out. KangaMoon’s KANG is also poised and could ride its ecosystem strength and overall memecoin hype to explode when it launches on exchanges.

KANG price increased from an initial $0.005 in stage 1 of the presale to the current bonus sale price of $0.025. It translates to a noteworthy 400% surge from that initial price.

Binance recently revealed its plans to list small cap projects that have a strong community traction, viable product and transparent team. KangaMoon ticks all these boxes and more. If more tier-1 exchanges list KANG, it’s likely to explode amid demand and visibility.

Notably, the team announced the first CEX to list KANG will be BitMart.

Find out more about Kangamoon here.

The post FLOKI explodes to new all-time high; Is new memecoin KangaMoon next? appeared first on CoinJournal.

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