- Bitcoin Cash and Stacks are among altcoins to surge as Bitcoin price broke above $57k today.
- KangaMoon (KANG) is a new meme coin offering real-world value via a Social-Fi and play-to-earn (P2E) ecosystem.
- The project’s presale has accelerated into stage 2 as investors eye a potential 20x token.
Bitcoin Cash (BCH) and Stacks (STX) rallied as Bitcoin price broke above $57,000 to strengthen bulls’ attempts to reach the last bull market’s peak. BCH added 14% to trade at $303 while STX price jumped 24% to $3.14.
Elsewhere, Dogecoin pushed to $0.09 as meme coins looked to pump amid the BTC momentum. This sentiment cascaded into the presale market, where KangaMoon (KANG) is attracting huge attention from investors.
Bitcoin price spike pushes BCH, STX higher
Once Bitcoin broke above $54k, bears had no answer as the next few hours saw the benchmark cryptocurrency blast past $57k. According to TradingView data, $BTC price rose as high as $57,250 on US-based crypto exchange Coinbase.
The move saw millions of dollars in shorts liquidated, with $BTC accounting for over $189 million of the $271 million early Tuesday.
Although major altcoins posted slightly unimpressive gains, Ethereum still managed to cross above $3,200. Theta Network (THETA), Bitcoin Cash (BCH) and Stacks (STX) however outpaced the rest of the top 50 coins by market cap.
Analysts say these tokens could rally higher as BTC outperforms &- particularly with the halving less than two months away.&
KangaMoon: The new era of MemeFi and play-to-earn
KangaMoon is a new project aiming to become the top meme coin by offering the crypto community access to the best of Social-Fi and play-2-earn (P2E).
The ERC-20 token will have a maximum supply of 1 billion tokens. 60% or 600 million tokens are available for presale, while 150 million and 100 million will go to in-game rewards and staking rewards respectively.
While an ecosystem filled with fun activities, KangaMoon also sets itself apart from the horde of meme coins out there with a layer of real-world value. Unlike Dogecoin or the many copycats it inspired, KangaMoon’s $KANG holds real utility that comes at every competition and challenge.
Holders of $KANG will have a chance to earn rewards or win major prizes in weekly, monthly or quarterly challenges. The best part of this project is that $KANG holders can start earning token rewards straightaway.
Once you acquire the utility token during the presale, you can begin to monetize your gaming time and accumulate more $KANG before the token launches post-presale.
What this project aims to do is foster a vibrant ecosystem where Socia-Fi and gaming combine to offer value that other meme coins don’t. The KangaMoon virtual world also includes NFTs.
KangaMoon price outlook: Will $KANG 20x in 2024?
According to a recent research report, the global P2E and NFT games market is estimated to expand by a CAGR of 21.3% to $6324.54 million by 2031. KangaMoon is poised to take this market by storm, having raised over $128k so far at stage two of it ICO sale.
The project’s presale offers meme enthusiasts and the crypto investing community a chance to grab $KANG and join a top tier play-to-earn ecosystem.
The presale is also an opportunity for early adopters to be part of a community-driven crypto project that analysts forecast could be a 20x token in 2024.&
With previous bull runs for Bitcoin coinciding with a later distribution of profits into alts, analysts see a rally for BCH and STX extending. Memecoins are also set to profit from this sentiment in coming months, and leading this new era will be KangaMoon (KANG).
Join the presale or learn more here.
The post Bitcoin Cash, Stacks rally as BTC breaks $57k; KangaMoon eyes breakout presale appeared first on CoinJournal.
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