Cryptocurrencies are showing mixed sentiments as the market fails to choose a clear path. As a result, the Shiba Inu price is dropping while XRP is showing remarkable resilience. But, Kangamoon (KANG), has been bullish following the unveiling of its P2E game in presale.
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Shiba Inu (SHIB) Price Drops Despite Shibarium Success
In August, the layer 2 network of Shiba Inu, Shibarium, finally launched. Since then the project has been a success, recording over 40,000 daily transactions. In addition, more than 1.5 million wallets have been registered on the network.
Despite this success, the Shiba Inu coin has failed to show bullish momentum. Throughout September, SHIB has traded under the $0.00000800 resistance. The price of Shiba Inu has consistently hovered around $0.000007300.
Despite its lack of momentum, crypto analysts are bullish about SHIB. This is because the Shiba Inu team has some major projects to launch in Q4. As a result, crypto experts expect Shiba Inu to trade as high as $0.00001000 this year.
XRP Shows Resilience, Rallies Above $0.5000
Unlike Shiba Inu, XRP has shown remarkable strength in the market. In the recent crypto rally, the price of XRP rallied above $0.5000. As a result, the altcoin now trades above the descending trendline it has been under since the Ripple lawsuit in July.
This means that the XRP coin is now set up for a bull rally. Its blockchain, XRPL has also been recording significant growth. Ripple recently announced a 1,729% cross-boarder transaction growth with Tranglo.
With things looking set for XRP, crypto experts are bullish about the future of the altcoin. Top analyst, Blockchain Backer, has predicted that XRP could outperform the altcoin market. The coin has been projected to rally to $3 in the next bull market.
Kangamoon (KANG) Shines in Presale With Exciting Platform
The crypto presale space is highly competitive with thousands of projects launching annually. However, Kangamoon (KANG) is quickly making a name for itself as it unveils a very unique platform. The play-to-earn game will incorporate meme coin elements. This will both make the game more immersive and foster ecosystem growth.
In the virtual game (Kangaverse), players will take on the mantle of Kangamoon, a kangaroo that loves boxing. By upgrading their characters’ fighting styles and skill sets, players will compete to become the top fighters in the Kangaverse.
The higher they rank in the Kangverse, the higher players will earn. The platform also introduces a new unique concept called, Meme Non-Fungible Token (M’NFTS). These M’NFTs combine a player’s character with that one meme coin for a unique character.
Utilizing the M’NFTS, players can earn digital tokens and other incentives. The utility token of the ecosystem, KANG, trades at $0.005 in the first presale stage. The unique ecosystem of Kangamoon has caught the attention of many investors and gamers. They have predicted that Kangamoon could become the leading title in P2E gaming.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
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Source: https://www.analyticsinsight.net/shiba-inu-shib-price-dropswhile-kangamoon-kang-shines-in-presale-xrp-xrp-shows-resilience/