KangaMoon rallies as Ripple faces zombie criticism and Avalanche soars

KangaMoon, Ripple, and Avalanche are each carving unique paths in the crypto landscape, with KangaMoon’s impressive presale and Ripple facing challenges, while Avalanche excels in memecoin activities.

KangaMoon, Ripple, and Avalanche are distinctively making waves in the crypto market. While Ripple has locked 800 million tokens amid massive whale transfers, it faces criticisms of being a zombie blockchain. Conversely, Avalanche is quietly rising through the ranks to become a meme coin network. Meanwhile, the KangaMoon presale has raised over $6 million with a 290% ROI for early buyers.

KangaMoon presale revenue hits new milestone

Unlike meme coins, which lack utility, KangaMoon (KANG) introduces a new token packed with passive earning incentives, drawing attention in the crypto gaming market. It aims to create a vibrant community where like-minded meme enthusiasts interact, participate in fun-filled challenges and tournaments, and, as a result, earn KANG and high-value in-game collectibles.

Moreover, players will also use KANG to access exclusive games, create and upgrade characters, and buy in-game items in the ecosystem dubbed “Kangaverse.” What’s more interesting is how the project rewards community members with free tokens when they join to promote KangaMoon on social media.

Recently, KangaMoon teamed up with RaidSharksBot to introduce thrilling raid bots to boost engagement and ignite excitement in the ecosystem. As such, users will participate in thrilling raids to stand a chance of winning a $1000 monthly reward pool. In anticipation of a Tier-1 CEX listing, experts have hinted at the price of KangaMoon climbing to $0.5 in Q2.

The KANG token is priced at $0.0196 in presale stage five. This marks an over 290% ROI in price value from its initial offering of $0.005. Moreover, the project has already raised over $6 million and is predetermined to hit higher levels.

Ripple deemed “Zombie Blockchain”

According to a Forbes report, Ripple is among the networks described as zombie blockchain—the network is a low-utility, high-trading asset. The Ripple coin has a billion-dollar valuation but low utility. Additionally, Ripple has fewer developers and significantly less fee collection. With XRP’s current market stats, it looks like Ripple was hibernating and not necessarily a zombie network.

Recently, Ripple locked 800 million XRP tokens amid a massive whale transfer. The move has sparked speculations over the potential movement of Ripple’s price. While the zombie token criticism was a hard pill to swallow for long-term investors, the price of Ripple is gearing up for an upswing. Ripple’s mean dollar invested age seems to be turning a corner. Currently, the price of Ripple is recording a positive 3-day weighted sentiment.

Memecoin frenzy on Avalanche network

Avalanche has experienced a heightened increase in meme coin activities, with daily memecoin transactions hitting 10,000 twice in March and substantial volumes also recorded in April. Additionally, the number of daily users participating in such transactions also soared past 4,000 on Avalanche. This was also during the same period when meme coins were exploding in the Solana network.

The most popular meme coin on the Avalanche network was Coq Inu (COQ), maintaining a 40%- 60% dominance. With these market activities, memecoin speculations could increase deflationary pressure on the Avalanche coin, as the network burns all revenue it generates from transaction fees. Meanwhile, the price of Avalanche surged on its intraday charts according to CoinMarketCap data.

Conclusion

As Avalanche and Ripple face market dynamics, KangaMoon is emerging as a top contender with varied features and high growth potential. Its small market capitalization requires fewer funds to trigger a double-fold value. Thus, experts have hinted at the KANG token pumping 100x by the end of 2024, making it a promising project to watch out for.

To learn more, visit the official Kangamoon website or follow the project via Telegram.