In the last year, many meme coins have been launched, as the market cap of the sector recently crossed the $50 billion milestone. Kanagamoon (KANG) is the latest to join the meme coin space. It has gained even more attention as its KANG token got listed on CoinMarketCap and CoinGecko while still in crypto ICO.
The listing created a positive response from the KangaMoon holders, who are eager for the price movement. In the meantime, questions have risen among the memecoin community about whether KangaMoon can rival Shiba Inu.
Shiba Inu’s (SHIB) Relevance Rises Amidst Diversification.
Shiba Inu (SHIB) remains the second largest meme coin by market cap in the meme coin space, even with its poor price movement in the past few months. This memecoin remained relevant and sustained its rank as a result of numerous projects and operations on the platform.
Shibarium is one of them. It has been a center of discussion in the meme coin market and is its layer two network. The Shiba Inu and its ecosystem are quite promising, and the adoption of Shibarium proves this.
Also, the Shiba Inu team has recently launched the ShibaSwap decentralized exchange on Shibarium, which could bring more users to the Shiba Inu network and even, perhaps, lead to a growth in the Shiba Inu coin ranking.
But one of the main issues that were seen while dealing with Shiba Inu was its circulating supply which is in trillions. The intense burning activity by the Shiba Inu community has not only removed a little of the supply.
Why KangaMoon (KANG) Stands a Chance Against Shiba Inu.
Although the Shiba Inu ecosystem has grown over the years to include new projects like ShibaSwap and Shibarium, analysts believe there is something about (KANG) that makes it stand out. One of them is its tokenomics. KangaMoon has a circulating supply of just 1 billion KANG tokens, which is very low compared to other memecoins.
Shiba Inu, for example, has a circulating supply of 589.2 trillion tokens, which shows that it is abundant, removing the scarcity “mindset.” This is different if you look at KangaMoon, which has just 1 billion tokens that could be sold at any time soon. Therefore, investors and traders should acquire the KANG token now at $0.025 before it becomes scarce.
This scarcity will cause the value of KANG to keep increasing in the long term, giving it an advantage over other tokens in the meme coin market. Another aspect that makes KangaMoon unique is the play-to-earn and GameFi model, through which users can earn money while playing games. KangaMoon has one of the best bonus structures that make players feel valued and appreciated for the time they spend on the site.
Thus, those who actively promote the project and contribute a lot get a number of KANG tokens and NFTs for free. Besides these features, KangaMoon has other plans to develop other projects to provide more attractiveness and utility to its services. The plan is to launch an NFT marketplace, a metaverse project, and many more.
Presently, the KANG coin is at the bonus stage of its presale and is trading at just $0.025, a 400% increase from its first price. Now is the best time to join the project, as its next listing will be on BitMart.
End Note.
Although KangaMoon is one of the new meme tokens, its features and tokenomics make it a worthy competitor to Shiba Inu. Shiba Inu has a high market cap and has reached its climax compared to KangaMoon, which is just starting out. Thus, investors who missed out on Shiba Inu can look at new memecoins like KangaMoon.
