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Shiba Inu's Shibarium Reach Milestone, Dogecoin Holders in Profit Grows, Kangamoon Activity Soars
Meme coins are beginning to gain mainstream acceptance in the crypto space. Shiba Inu (SHIB) is one of the projects leading the charge with Shibarium. As Shibarium approaches a new milestone, the number of Dogecoin (DOGE) holders in profit has increased. Meanwhile, Kangamoon is making waves in the play-to-earn space with its new game.
Since its launch in August, Shibarium has seen significant growth. As a result, the Shiba Inu layer 2 network has soared to a new milestone. Over 1.5 million wallets have already been created on Shibarium in one month.
The adoption metric of the network has also hit 40%. Similarly, the Shiba Inu burn has been rising alongside. The project's team is now encouraging members of the community to migrate to Shibarium. Despite this growth, the Shiba Inu coin has remained bearish.
While the entire crypto market rallied, the Shiba Inu price failed to break above $0.000007300. The underperformance of SHIB has raised concerns among holders. However, some analysts are still optimistic that the price of Shiba Inu will recover above $0.00001000 this year.
This year, the Dogecoin price has failed to meet the expectations of many holders. However, there were some positive takeaways from the recent market rally. The price of Dogecoin soared above the $0.0620 resistance.
The recent price rally has increased the profitability of DOGE holders. 42% of all Dogecoin holders are now in profit as a result of the recent rally. This ratio could increase in 2023 if the crypto market continues its bull run.
While Dogecoin's profitability is on the rise, its adoption has been declining. In this area, the original meme coin is being overshadowed by newcomers, Shiba Inu and Kangamoon.
In the emerging blockchain gaming space, Kanamoon (KANG) is quickly gaining popularity. Kangamoon offers real utility and the potential to monetize their gaming time. The project stands out from other games as it combines play-to-earn and meme coin elements.
In the virtual world of the P2E game "Kangaverse," players will take on the role of Kangamoon. The character Kangamoon is a spirited kangaroo with a passion for boxing. Assuming the role of Kangamoon, they will embark on an exciting journey to become the ultimate boxing champion.
Players will earn in-game collectibles and real money by completing tasks in this exciting virtual world. Their earnings increase as they journey to the top of the virtual boxing world. The game has gained attention because of its player-focused approach.
The unique model of Kangamoon has made it a top P2E contender. The project is currently in its first presale stage, offering investors a great opportunity to join this exciting trend. The ecosystem utility token, KANG, now trades at $0.005, but could easily rally to $0.5 before the end of the year.
Website: https://Kangamoon.com/
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