Litecoin and Arbitrum struggle, new meme coin raises $200k in days

February 20, 2024 at 12:31 pm

Litecoin is 82.95% below its all-time high

This past year has not been good for Litecoin. The LTC token has been in the headlines for the wrong reasons as it continues to struggle. Litecoin has crashed by 30.25% in the last year.

Presently, Litecoin is trading for a price of $70.35, which is a reduction of 0.1% in the past 24 hours. Considering last week’s performance, Litecoin has dropped by 2.74%. Comparing the all-time high price does no good, as Litecoin has crashed by 82.95% below its all-time high price, which was $412.96.

Analysts predict that the coin could gain some value in the coming future.

Arbitrum drops by 83.02% in a year

Arbitrum is a scaling solution that uses optimistic rollups to improve speed, scalability, and cost-efficiency on Ethereum. Despite recent improvements, investors’ concern about Arbitrum’s instability is growing.

ARB is trading at $2, a 1.9% increase in the past 24 hours. However, if we look at its past month’s performance, its price fluctuated from $1.9 to $1.5. Later, the token rose to $1.95 and crashed again to $1.7.

So far, ARB is down 83.02% in the past year. It is also 16.63% below its all-time high of $2.40.

KangaMoon presale ongoing

While Litecoin and Arbitrum are struggling to stay relevant, a new memecoin, Kangamoon, is set to change the play-to-earn sector.

Kangamoon will create a community where meme lovers can interact and compete. Moreover, users can earn in-game rewards through the ecosystem’s gameplay.

As the native token is very community-driven, the members who were not involved in the battles will earn rewards by spectating and betting on the match results. Users can trade and sell these in-game rewards in the marketplace.

The KANG native token is currently in its second presale stage and is selling for $0.0075. The P2E NFT games market was worth $8,856.95 million in 2023 and is projected to grow 17.93% by 2028.

Crypto analysts have predicted that KANG could grow by 220% by the completion of its presale and 350% after listing on major exchanges. Kangamoon has already raised over $220k in its presale.