Pepe, the frog-themed memecoin is currently on a price decline after suffering high selling pressure. Meanwhile, data shows that Shiba Inu and Kangamoon have witnessed an increase in adoption and interest from the crypto community.
Summary:
- Shiba Inu adoption rate increases, thanks to Shibarium launch.
- Pepe’s price has dropped by 43% in the past month.
- Analysts have foreseen a 22x price surge for Kangamoon.
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Shiba Inu (SHIB) Adoption Rate Soars To 39.14%
Shiba Inu (SHIB) is the second largest meme coin with a market cap of $4.33 billion. It has had its ups and downs since its inception. Nevertheless, it remains one of the top meme coins due to its ability to adapt in tough market conditions.
Recently, IntoTheBlock reported a 39.14% rise in adoption rates of Shiba Inu coin. This is a display of the growing number of new participants entering the ecosystem. One crucial factor driving Shiba Inu’s recent success is the introduction of Shibarium.
The Shiba Inu L2 blockchain has witnessed over 2 million transactions and welcomed more than 1 million addresses. This has revived investors’ interest in the Shiba Inu project. However, the new development has not caused a significant price rally for the price of Shiba Inu.
Pepe (PEPE) Price Decline Lingers
Pepe Coin (PEPE), a popular meme coin, has seen a large price decline in the past 30 days. It was trading at $0.000001249 in mid-August before dropping to $0.000000626342 in September. This indicates a 43.5% price drop within a month.
Meanwhile, the Pepe coin price declines occurred at different intervals in several waves. The meme coin could drop more, the experienced sideways movements making investors believe it is stable. Thereafter, it will begin another downward slide.
Meanwhile, Pepe has faced other recent challenges. They include the hacking of its Telegram account and large sell-offs by prominent cryptocurrency whales. Given these recent setbacks, it is no surprise that the token’s trajectory has been downward. Nonetheless, analysts still believe that the price of Pepe coin price will soar in the coming months.
Kangamoon (KANG) is Building the Next Big P2E Ecosystem
Kangamoon (KANG) stands out from typical meme coins like Shiba Inu and Pepe. It aims to change how gaming and meme coins work together using a hybrid model of both sectors. In the game (Kangaverse), players become Kangamoon, a boxing kangaroo, and join exciting virtual battles.
What makes Kangamoon unique from other meme coins is its use of P2E mechanics. This means players can earn crypto as rewards and rare in-game items while having fun. Furthermore, Kangamoon is more than just battles; it provides players with a full immersive experience.
Players can create their characters, improve their special abilities, and compete with players from all over the world for thrilling challenges and rewards. The Kangamoon game world is designed to be a lively place where virtual money flows, giving players chances to grow their income.
Right now, the KANG native token has a low price, just $0.005. Experts believe it could soar by up to 22x during the presale. This kind of growth is attracting investors who want to enter the growing P2E market.
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