While the price of Worldcoin experiences a significant decline alongside the coin’s market cap, a top trader raises concerns over Worldcoin. Moreover, having gained significant public notice due to its SocialFi component, the meme coin KangaMoon is seen by some crypto enthusiasts as a better option to hold. Let’s look into more detail.
Worldcoin Price Faces Selling Pressure
Bybit’s DeFi^2 highlights concerns over Worldcoin through a short-selling analysis. The highlights indicate worries about the projected 50 million daily sell pressure caused by the projected 4% daily inflation of Worldcoin (WLD) supply once VC and team unlocks start in 70 days.
In the meantime, the Worldcoin price is currently trading at $4.97 per token, down 18.52% over the previous seven days, while the Worldcoin market cap has decreased by 13.2% to $1.065 billion. As a top trader issues warnings on Worldcoin, some holders of the token prefer to diversify their funds into more promising coins.
KangaMoon (KANG) Is One Of The Top Meme Coins To Invest In
KangaMoon (KANG) has gained public notice during this meme coin frenzy with the presale performance. By the end of May 2024, it should generate $8 million, having already surpassed $6.7 million. Furthermore, there are presently more than 20,000 community members and roughly 6,000 KANG holders.
Capitalizing on the Play-to-Earn (P2E) gaming business, which is projected to bring in $885 million by 2028, is KangaMoon’s main objective. The team plans to create a play-to-earn (P2E) game where players may level up characters and spend KANG on products. KANG will benefit from this evolution more than 99% of other hype-driven memecoins, as it will provide actual utility.
What sets KangaMoon apart from other ventures is its SocialFi component. Stated differently, KangaMoon is giving away free KANG ahead of launch, contingent on users’ level of activity on its social media platforms, including X and Telegram. Consequently, an enormous number of individuals are flocking to like and share KangaMoon’s postings on social media.
At the bonus stage of its presale, each KANG is currently valued at $0.025—a 400% increase from its initial worth of $0.005. However, other analysts believe that after it is listed on a Tier-1 CEX in Q2 2024, it might soar 100 times higher. This could only be the beginning. KANG is among the top meme coins to invest in as a result.
Can KangaMoon Outshine Worldcoin?
Due to KangaMoon’s still-small market capitalization, pumping the token’s price would be less expensive. Due to its small market capitalization, KANG can shine above Worldcoin even amid a sharp decline in the Worldcoin market cap.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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