New memecoin attracts attention from UNI, CFX investors

UNI and CFX enthusiasts are exploring the potential of the KangaMoon presale amid predictions of substantial returns.

Amid the ongoing crypto market downturn, Uniswap (UNI) and Conflux (CFX) bulls have joined the ongoing KangaMoon (KANG) project which experts have projected over 50x ROI in the year. 

The project which is set to hit CEX exchange in Q2, has become the talk of the market. Some analysts think that the KANG token’s surging momentum could rally the price above $0.5 in Q3, making it one of the better cryptocurrencies to invest in 2024. Here’s why KANG might outshine Dogecoin and Shiba Inu in 2024. 

KangaMoon early investors excited 

KangaMoon launched the presale phase a few weeks ago, those who invested in the project have gotten over 180% ROI as the KANG price keeps surging. Notably, the project is currently in stage 4 of the presale, this ERC20 token is currently available for $0.014. 

The platform has already raised over $2.2M in the ongoing presale, with crypto experts projecting $3M in the coming months. The KangaMoon team’s plan to list the token in a top Tier 1 CEX exchange in Q2 might push the token price as high as $1 before the end of 2024. 

Meanwhile, KangaMoon is a community-driven ecosystem that is all about community. Being a community for meme enthusiasts, members can earn through various means. The platform will integrate social-fi and play-2-earn elements so that players can compete in fun-filled activities and competitions to earn rewards and win prizes.

With KangaMoon, meme enthusiasts can now monetize their gaming time and compete with players worldwide. These features made some analysts pick the token as one of the promising cryptocurrencies to invest in 2024. When launched, KangaMoon will bring memes and gaming together while opening the $176B games market to all investors. 

Uniswap price increases by 70%

Uniswap is one of the top-performing cryptos in recent weeks. While the Uniswap trading exchange is witnessing increased trading activity, the token is replicating the same feat. In the past 30 days, the Uniswap token price has increased by 70%. The weekly price chart shows that the token is on a downtrend, signaling the bears’ dominance.

Meanwhile, numerous developments have occurred in the Uniswap ecosystem in recent times. Weeks ago, Uniswap Foundation proposed a governance overhaul and the news led to a massive rally for the token. 

However, with Uniswap major key market indicators like trading volume and market cap in a downtrend, token holders are already trooping into the ongoing KangaMoon presale.

Conflux holders diversify into new memecoin

Even though the Conflux token has battled the bear trend for months, the token has demonstrated some resilience and continues to thrive. According to CoinMarketCap data, Conflux price saw a 70% growth in the past 30 days and 21% in the past week. The token has been trading between the lows of $0.20 and the highs of $0.40 in the past month. 

While the Conflux token’s attempt at breaking the $0.45 resistance level a few days ago was unsuccessful, crypto experts believe that the token will break the barrier once the crypto market recovers from the current downturn.

Meanwhile, the token’s declining market activity shows that investors are already diversifying to alternative projects. KangaMoon is a notable project that Conflux holders are moving into. 

To learn more, visit the Kangamoon website or join their telegram community.