Pepe And Bone ShibaSwap Remain Bearish While Kangamoon Rekindles Interest In Blockchain Gaming

Although the cryptocurrency market is back in bull territory, not all assets have caught on to the trend. Two popular meme coins, Pepe (PEPE) and Bone ShibaSwap (BONE) remain stuck in bear territory. Meanwhile, a new play-to-earn game, Kangamoon, has rekindled interest in the blockchain gaming sector with its exciting gameplay.

Summary:

• Pepe Coin has failed to break out of a two-month-long bearish pattern
• Bone ShibaSwap remains bearish but looks to form a triple-bottom
• There has been a surge of interest in blockchain gaming since Kangamoon was announced

Don’t Miss Out On The Kangamoon (KANG) Presale – Reserve Your Spot!

Two-Month Price Decline Continues for Pepe Coin (PEPE)

Pepe Coin garnered attention in the crypto community due to its association with the popular Pepe the Frog internet meme. As a result, the price of the token experienced one of the biggest gains in 2023, increasing by more than 1,000% in the first two days of its launch.

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However, for the last two months, the price of Pepe coin has been on a decline. Since mid-July when the price of the meme coin topped at $0.00001800, its price has been on a decline. Even in the bullish crypto market, the Pepe coin price has failed to rise.

According to crypto analysts, the meme coin has failed to replicate its early performance because of a lack of utility. Until the team behind the project adds utility to the network like Shiba Inu is doing, the price of PEPE may continue its decline.

Bone ShibaSwap Bearish, But Looks To Form Triple-Bottom

The governance token of the ShibaSwap decentralized exchange (DEX), Bone ShibaSwap, is another token that has suffered bearish pressure recently. Although the broader crypto market has been bearish over the last few weeks, the decline of Bone ShibaSwap has been steeper.

Between August and September, the price of Bone ShibaSwap (BONE) has declined by more than 55%. As a result, the price of the token has dropped from an August high of $1.81 to a September low of $0.79.

Despite the poor recent performance of Bone ShibaSwap, holders are bullish about the token. On the monthly time frame, the token looks to form a triple bottom at the $0.800 resistance. The previous two reactions at this level saw the price of Bone ShibaSwap rally to highs of $2.05 and $1.75, respectively.

P2E Gamers Look Forward To the Launch of Kangamoon (KANG)

Play-to-earn gaming is one of the fastest-growing sectors in crypto. According to the Market Research Report, the P2E gaming market will grow at a CAGR of 17.93% until 2028 to reach a valuation of $8.86B.

In this sector, not every game has raised as much attention as Kangamoon had before its launch. By bringing together memes and gaming, Kangamoon looks to change the status quo in P2E. The new game features exciting gameplay, with players taking on the role of a boxing Kangaroo.

P2E players will journey through the thrilling gameplay, they will face several quests, challenges, and competitions. Winning any of this competition will serve as an earning opportunity, allowing players to monetize their time and efforts.

In addition to great rewards, Kangamoon eliminates buy-and-sell taxes to allow gamers to maximize their earnings. The game is scheduled to launch in the fourth quarter, but you can now join its presale where the KANG token retails at $0.005.

Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!

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