Which Coins Can Stand the Next Economic Crisis? Litecoin, Chainlink, Kangamoon

The question of which tokens can weather an economic crisis looms large considering the intense economic meltdown experienced in 2022. This meltdown affected several cryptocurrencies and crypto projects. Analysts have picked three tokens that can withstand the next economic meltdown and they are Litecoin (LTC), Chainlink (LINK), and Kangamoon (KANG).

Summary:

• Litecoin holders are losing interest in the token.
• Chainlink has partnered with one of Australia’s “Big Four” banks.
• Kangamoon is entering the Play-to-Earn gaming sector with exciting benefits.

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Litecoin (LTC) Holders Tired of Token’s Poor Price Trajectory 

Litecoin (LTC) holders have been under intense FUD and pressure since the token began its downward slide in July. Despite the August halving event, the token’s price has been fluctuating. Consequently, this situation has affected Litecoin holders, prompting some to look for alternatives. 

In September, the price of Litecoin dropped under $60 for the first time since November 2022 when the FTX exchange collapsed. In addition, the token’s trading volume has been low over the past week, averaging just $1.5 billion per day. Interestingly, Litecoin has not experienced such consistently low averages in nearly two years. 

The last instance dates back to August 2021. Nevertheless, analysts are bullish on the LTC coin and believe it will pick pace in the coming months. As a result, they have predicted an LTC price range of $61.30 to $75.20 in December.

Chainlink (LINK) Partners With Australian ANZ Bank

On September 14th, Chainlink (LINK) announced that ANZ, one of Australia’s largest institutional banks, leveraged its #CCIP to execute a successful cross-chain purchase of tokenized assets using A$DC. A$DC is an ANZ-issued stablecoin linked to the Australian Dollar.

Meanwhile, this achievement follows Chainlink’s prior success in executing CCIP transactions with SWIFT and other banks. This has cemented its position as a key player in the blockchain interoperability domain.

Moreover, Chainlink has taken a leading role in spearheading these efforts, seeking to merge traditional banks and blockchain technology through retail CBDCs. This could increase the adoption and Chainlink price in the long run. 

Kangamoon (KANG) Takes Play-to-Earn Gaming To a New Level

Apart from Litecoin and Chainlink, analysts have picked Kangamoon as another token that can withstand an economic downturn. Analysts cited Kangamoon’s link to the multimillion-dollar blockchain gaming sector as a major factor.

Remarkably, Kangamoon is more than just a meme coin. It is a platform that also integrates a play-2-earn ecosystem. This presents a distinctive opportunity for gamers to profit from their gaming adventures. Players will become Kangamoon, a lively kangaroo renowned for its boxing prowess on the platform’s virtual space

As the players advance in the game, they can enhance their characters by acquiring unique abilities and gadgets. Notably, Kangamoon’s aim is to provide a global platform for collaboration, enabling players to connect with fellow P2E gamers worldwide.

They can engage in matches, exclusive events, and tournaments and earn KANG tokens. Subsequently, in-game items earned can be traded within the platform’s marketplace. Notably, Kangamoon aspires to surpass well-established meme coins like Shiba Inu and Dogecoin. Presently, Kangamoon tokens are available at an enticing price of only $0.005.