While the recent market performance hasn’t thrilled investors, there have been some noteworthy developments in the crypto space. In this article, we’ll explore three significant updates: the surge in Shiba Inu (SHIB) burn rate, predictions for Pepe (PEPE), and the exciting emergence of Kangamoon (KANG) global gaming platform.
Summary:
- Shiba Inu’s price has not shown any major uptick despite increased token burns.
- Analysts have forecasted Pepe to reach $0.0000012255 before the end of 2023.
- Kangamoon is creating a platform where gamers and crypto enthusiasts can play games and earn tokens.
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Shiba Inu (SHIB) Holders Hoping To Increase Price With Token Burn
The Shiba Inu community has been striving to replicate its remarkable price surge from 2021. Recently, the SHIB Army has intensified the burning rare to reduce the circulating supply of Shiba Inu coins and spark a price surge.
To date, an impressive 410.6 trillion SHIB tokens have been burnt. Meanwhile, the Shiba Inu team has emphasized the crucial role of the burn. Notably, they believe the token burns hold the potential to drive up the token’s value.
However, despite these recent efforts, Shiba burns have not had a substantial impact on the token’s value. Over the last four weeks, the price of Shiba Inu has been on a downtrend, declining from a high of $0.0000110 to as low as $0.000000700.
Pepe (PEPE) Maintains Position Despite Price Drop
Pepe (PEPE) was once a crypto sensation with its meteoric rise earlier this year. Currently, the meme coin is facing challenging times due to its continuous price drops. Notably, the Pepe coin price has plummeted by 85% from its all-time high of $0.0000044867.
Nevertheless, Pepe coin maintains its position as the third-largest meme coin, boasting a market cap of $262 million. This is a testament to the meme coin’s resilience and the unwavering support of its community.
As a result, whales are still bullish on the potential for substantial growth considering its early success and popularity. Crypto analysts have forecasted that the price of Pepe could increase to $0.0000012255 before the end of 2023.
Investors Show Interest in the Kangamoon (KANG) P2E Platform
Kangamoon (KANG) is a promising new crypto project that will bridge the worlds of blockchain gaming and meme coins. This is what sets Kangamoon apart from Shiba Inu and Pepe, making it a better meme coin. Its innovative model will enable players to actively participate in games while earning rewards and prizes.
Linked to the blockchain gaming market, Kangamoon has been projected to experience remarkable growth. Notably, market research has predicted that the Play-to-Earn (P2E) NFT gaming market will be worth $8.85 billion by 2028. This is a trend that Kangamoon aims to leverage to expand its gaming ecosystem.
This booming P2E sector presents Kangamoon with an opportunity to potentially surpass fellow meme coins like Shiba Inu and Pepe. Additionally, Kangamoon’s unique ability to unite meme coin enthusiasts and gamers is a standout feature.
It will allow gamers to earn virtual currency and valuable in-game items through competing in special events, quests, and competitions. Currently, Kangamoon is in the first phase of its presale and the tokens are available at $0.005 per token.
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Website: https://Kangamoon.com/
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