Justifying the recent bearish trends, many cryptocurrencies are battling the dip. After failing to break out of the $0.02 support zone, Casper Coin and EOS Crypto holders are turning their attention to KangaMoon - the new utility meme coin. The KangaMoon platform offers a burgeoning staking system where users can earn up to 90% APY rewards. The platform attracted an impressive $8 million in presale, solidifying its status as a trending token.
Amidst the decline of Casper Coin and EOS Crypto, KangaMoon has brought a new staking revolution for its teeming community. In this arrangement, users who staked their assets for a certain period can earn up to 90% APY rewards. While this may seem too good to be true, KangaMoon has done more than that in the presale.
In its recently concluded presale, the KangaMoon native token surged from a floor price of $0.005 to an astonishing $0.025, with early buyers earning a 400% return on investment. The staking option is also live which shows that KangaMoon is a reliable platform committed to improving users’ profit. This is further proved from the presale achievement which has seen the rise of community members to more than 32k.
Not only that, over 10k users are currently holding the KangaMoon token, showcasing its rising popularity among investors. With about $8 million raised in presale, KangaMoon has entered the next phase of its roadmap. Outlining its visibility among other cryptocurrencies, KangaMoon has been listed on Coingecko and CoinMarketCap.
In the same vein, KangaMoon is currently listed on exchanges such as Uniswap and BitMart and interested investors can purchase the token which is currently worth $0.09. The platform is strictly committed to building the ecosystem to an enviable height that could see a prompt rise in the token. That's why analysts project the token to trade at a minimum of $0.5 by the end of the year.
While Casper Coin may have been launched for quite some time, its performance since its launch has been far from impressive. Unlike KangaMoon which gave an ROI of 400% at presale, Casper Coin price is often on the reverse, plummeting by 44% in the past year.
The case was the same for Casper Coin's price on the monthly chart with another drop of 25%. Even the Casper Coin market cap is not left out of the bearish sentiments having failed to reach $300 million in the past few weeks. With the trading chart not revealing that Casper Coin has better days ahead, investors are reaching out for KangaMoon as an alternative.
EOS Crypto's best year was in 2018 when it reached an all-time high record of $22. Since then, the EOS Crypto price has seen a significant decline such as the 23% dip on the year-to-date chart. Combined with the monthly dip of 30%, EOS Crypto holders are plotting a move to newer projects to secure their assets.
Although the EOS Crypto bulls are trying to stage a comeback as seen from the bullish atmosphere around the EOS Crypto market cap, the efforts have only yielded little fruit. With no guarantee of bouncing back soon, KangaMoon is a good investment for EOS Crypto holders.
With Casper Coin and EOS Crypto unable to sustain the launch momentum, the attention is shifting to newer projects like KangaMoon. The platform staking reward offers an attractive prospect for users who didn't participate in the presale. As such, KangaMoon provides more assurance of profit than the aforementioned two tokens.
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