BitMart, one of the leading centralized crypto exchanges, has announced that the listing of KangaMoon (KANG) is coming soon. After the announcement the project has raised a lot of excitement in the meme coin space, emerging as a new contender to Dogecoin (DOGE). With KANG building up a head of steam, let's find out why DOGE holders will look to revise their holdings soon.
BitMart Announces KangaMoon Listing, Project Poised for Bright Future
BitMart, a leading centralized exchange, has announced that it would list KangaMoon (KANG), one of the new meme tokens raising excitement in the market. While a date for the listing wasn't revealed, the announcement marks a significant milestone for KangaMoon.
KangaMoon has raised a lot of excitement as it was created to be the next generation of meme coins. The project is built around a new Social-Fi protocol that is designed to prioritize the community members while adding utility to the meme coin space.
Community members are rewarded with KANG tokens based on their participation in activities in the ecosystem and their engagement on social media. It hasn't taken long for the Social-Fi concept of KangaMoon to capture the interest of the crypto community, helping the project raise over $6.8 million in its ongoing cryptocurrency ICO.
Social-Fi is not all there is to KangaMoon, as its ecosystem also includes an adventure P2E game, an NFT marketplace, NFTs, and a metaverse. With Social-Fi intertwined into the KangaMoon ecosystem, market experts believe it will attract more users and ultimately lead to its mainstream adoption.
KangaMoon (KANG) Outshines Dogecoin, DOGE Investors To Revise Holdings
KangaMoon has not only introduced features that put it ahead of Dogecoin (DOGE), but it has also outperformed the meme coin. While Dogecoin has been impressive in 2024, rising by 70% year-to-date, the price rise of KangaMoon has been unrivaled. In 2024, the price of KangaMoon has increased by 400%, shooting up to hit a high of $0.025.
With its listing on BitMart approaching, KANG will look to extend its gains this quarter, possibly targeting $0.10. The potential for KANG to outperform Dogecoin is one reason why many DOGE investors will consider revising their holdings. Another reason is the better tokenomics of KANG. While Dogecoin's supply is unlimited, there will only ever be 1 billion KANG tokens.
In addition to having a smaller distribution, KANG is also deflationary, meaning it stands a better chance at long-term price growth. Because KangaMoon brings a ton of utility features that many meme coin titans like Dogecoin (DOGE) lack and better tokenomics, community members believe its Social-Fi protocol could be the future of the meme coin space.
While KANG is currently priced at $0.025 in its bonus presale phase, analysts have set a price target of $1, meaning it will outperform DOGE for the rest of 2024. These are several reasons why many Dogecoin investors will look to revise their holdings to accommodate the next big thing among meme coins.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
In a Nutshell
While the recent listing of KangaMoon on BitMart is a major milestone for the project, the future holds bigger things in store. As a project that has the potential to challenge meme coin titans like Dogecoin, KANG looks like the best meme coin to buy right now.
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