Thursday, 20 June 2024
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Notcoin in focus as KangaMoon excites with bonus sale

Notcoin in focus as KangaMoon excites with bonus sale

  • Notcon (NOT) token’s price fell sharply after its debut on exchanges.
  • KangaMoon (KANG) is offering a bonus presale stage ahead of first CEX listing.

Analysts say the lackluster spot Bitcoin ETFs market means Bitcoin prices could see limited upside action in coming weeks and months.

What does this mean for newly-launched Notcoin and could KangaMoon offer a better investment opportunity?

Notcoin dumps after airdrop

Notcoin (NOT) is the native token of a tap-to-earn game project that aims to onboard millions of users to Web3.

The project went viral amid its debut on Telegram, and saw massive hype ahead of its trading debut this week. Much of this was down to listing announcements from top crypto exchanges Binance, OKX and Bybit among others.

Indeed, Notcoin traded at a Fully Diluted Valuation (FDV) of $1 billion as the token made its debut across exchanges. However, NOT price has tanked 67% since and currently trades around $0.006753.

Binance’s cancelling of support for the NOT/BTC pair also added to the downside pressure. 

Notcoin is however likely to record a decent bounce if the broader gaming ecosystem picks up new traction following a dismal 2024. Bitcoin‘s performance could also add to the dynamics.

KangaMoon emerging as top meme-inspired cryptocurrency

The meme coin space has seen some big moves for Solana, BNB Chain and Ethereum meme tokens.

While a few meme coins exhibit massive growth potential, most others are largely weak copycats that derive momentum from nothing but hype.

Utility sets KangaMoon apart from most of these other meme coins.

As a project, KangaMoon integrates GameFi and Play-To-Earn (P2E). There’s also a SocialFi element that means users can earn more as they interact, share and connect.

The native in-game currency and network reward token when the P2E game launches will be KANG. Presale participants can earn KANG right away by joining in challenges and contests – a factor that already sees KangaMoon boast a growing community of users.

Is KangaMoon a better opportunity?

KangaMoon (KANG) is one of the tokens expected to dominate the meme coin market. The project’s presale has so far raised more than $6.7 million.

KangaMoon’s smart contract has been audited by both Solid Proof and InterFi, a fact that adds to the confidence crypto enthusiasts and investors are showing in this project.

After…

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