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A new meme coin is taking the spotlight, with traditional meme coins like Shiba Inu (SHIB) losing momentum. This project has already seen 50% returns, and now Solana (SOL) holders are exploring the project.
According to experts, KangaMoon (KANG) could now offer returns of 220% during its presale.
Shiba Inu investors prepare for Shiboshi launch
SHIB is up by over 5% in the last week as investors patiently await the launch of SHEboshis. This exciting new NFT collection is expected to offer a much-needed boost to the Shiba Inu ecosystem.
The collection is expected to launch this weekend, and Shiba Inu’s head of marketing has warned investors of scams. In a recent post, she highlighted that SHEboshi’s have not yet been launched and that any project selling them is a scam.
Upon its launch, a select group of Shiboshi holders can mint SHEboshis at no cost for 72 hours. After this timeframe, LEASH token holders will have the chance to mint SHEboshis for 24 hours.
Following their launch, SHEboshis will be accessible on trading platforms such as ShibaSwap.
KangaMoon surges 50%
KangaMoon added 50% over the weekend as its presale phase 1 sold out.
Having already attracted an audience of 2,000 bullish investors, the project is now shooting for the moon.
KangaMoon has a unique combination of play-to-earn gaming and social-fi that sets it apart from other projects. It offers an exciting P2E game alongside innovative social-fi features to create a vibrant investor ecosystem.
Investors in the KangaMoon ecosystem can earn KANG by completing weekly, monthly, and quarterly challenges, as well as for their social interactions, which promotes social activity within the community.
Investors buying KANG tokens can capitalize on a 15% buy bonus. Once launched, experts speculate a potential surge.
Investors who promote the presale can earn additional KANG tokens. The new incentive provides opportunities to earn KANG, currently priced at $0.0075.
Solana hits resistance at $120
Solana made significant gains over the last week, adding 7.6%.
Following this rally, SOL’s daily trading volume passed $1.5 billion, and many experts predicted it would pass its former $120 resistance.
However, after hitting $118 on Feb. 15, Solana declined to $112.34. This setback has slowed Solana’s overall growth and decreased overall activity.
As a result, some investors are now choosing to buy KangaMoon.
Can KangaMoon influence the meme coin market?
KangaMoon needs to perform well to stand out in the meme coin space. The project is already gaining momentum and may stand out in a highly competitive environment.
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This article first appeared at crypto.news
