- Jupiter (JUP) and Degen (DEGEN) experience significant price swings.
- Kangamoon revolutionizes crypto with innovative SocialFi and Play To Earn features.
- Kangamoon’s presale sees huge success, raising over $3.9 million with $KANG token selling at $0.0196.
Jupiter (JUP) and Degen (DEGEN) cryptocurrencies are pulling back after witnessing significant price movements.
However, as investors anticipate the next moves for JUP and DEGEN tokens, innovations like Kangamoon are reshaping the landscape attracting the attention of traders and investors alike.
Jupiter (JUP) tests $1.83 before pulling back
Jupiter (JUP) has been on a rollercoaster ride in recent days, experiencing both highs and lows. &
After reaching an all-time high of $1.8363 on April 1, the price has corrected slightly. It has dropped by about 12% today sending shockwaves among traders.
Nevertheless, despite today’s price drop, Jupiter (JUP) remains up 160% in the past month.
The surge above $1.83 was fueled by the initiation of CWG’s budget proposal, currently in the voting process.
Vote on CWG’s Budget Proposal
The vote to fund the first Jupiter Working Group is live! This vote is crucial in setting a precedent to fund working groups to drive the DAO’s initiatives forward.
The CWG has spent a week in community discussions, and has presented their 2024… pic.twitter.com/jYk8XAU9JZ
— Jupiter 🪐 (@JupiterExchange) March 29, 2024
Analysts predict further bullish momentum, with projections suggesting another 12% increase to $2.00.
However, caution is advised as the RSI indicator indicates potential overbought conditions, which could lead to a price correction.
Degen price remains volatile as it pulls back
Degen (DEGEN) has experienced remarkable growth, shooting up to $0.0644 on March 31, before retracing slightly.
Despite a recent 15.87% drop, Degen is still up 158.88% over the past month.
The recent surge in price followed the launch of the Degen Chain network, which recorded $100 million in transactions within five days of its launch.
The chain launched 4 days ago
It uses @arbitrum's Orbit architecture, AnyTrust's DA capabilities and settles on top of @base, which itself uses the @Optimism stack. The fees are paid by the native coin, $DEGEN, which is de-facto the @farcaster_xyz community token
Confusing eh.
— Shual (@0xShual) March 31, 2024
Ethereum co-founder Vitalik Buterin’s proposal of “Degen Communism” has also generated significant interest in the project.
Analysts predict continued bullish sentiment for Degen, with the potential for further price appreciation.
Kangamoon: revolutionizing the crypto landscape
As Jupiter (JUP) and Degen see increased volatility, Kangamoon is making waves with its innovative approach to cryptocurrency.
Combining elements of SocialFi and Play To Earn, Kangamoon offers users the opportunity to interact, grow, and earn rewards.
At the heart of Kangamoon is its native token, $KANG, an ERC-20 token on the Ethereum blockchain with a max supply of 1,000,000,000. The token is currently in the presale stage and interested investors can visit the official website to purchase their share.
The platform aims to build a strong community of meme enthusiasts while integrating gaming and earning opportunities.
The Kangamoon presale
The Kangamoon presale has seen remarkable success, with the platform raising over $3.9 million.
The KANG token is selling at $0.0196, offering investors an opportunity to get in early and benefit from potential future growth.
With Stage 5 offering a 10% bonus on all purchases, the presale has attracted significant interest from investors looking to capitalize on Kangamoon’s promising future.
Conclusion
The cryptocurrency market is experiencing significant volatility, with assets like Jupiter (JUP) and Degen (DEGEN) witnessing dramatic price movements.
Meanwhile, Kangamoon’s innovative approach is disrupting the industry, offering users new ways to engage with cryptocurrencies and earn rewards.
As the market continues to evolve, investors are advised to stay informed and exercise caution in their investment decisions.
The post Jupiter and Degen prices surge as new meme coin’s innovations shake the market appeared first on CoinJournal.
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