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More than ever, the competition in the meme coin sector is increasing. Shiba Inu is at the forefront, as its layer 2 network reaches a new milestone. Meanwhile, Pepe is losing ground as its price continues to drop. Kangamoon is becoming a top contender to replace Pepe as it dominates the meme coin space.
Since its launch three weeks ago, the adoption of Shibarium has been growing at an incredible pace. While the over 1.25 million wallet addresses are impressive, there's an even more impactful milestone for the Shiba Inu coin.
There are now over 10,000 smart contracts on the layer 2 network. Already, 438 have been verified. With these numbers increasing, Shiba Inu could be transformed into a full-fledged dApp ecosystem in the coming months.
With this growth, crypto experts have predicted a rally for the price of Shiba Inu. For most of September, SHIB has traded between $0.00000700 and $0.00000800. However, crypto experts have predicted that the Shiba Inu price could reach highs of $0.00001200 this year.
Unlike Shiba Inu which is adding utility to its network, Pepe is solely a meme coin. While it enjoyed massive success at its launch earlier this year, the hype surrounding the project has faded. As a result, the price of Pepe coin has been steadily declining.
Since mid-August, the meme coin has been on a decline. As a result, Pepe has lost its top 100 crypto ranking by market cap, dropping to 108. However, since finding a bottom at the $0.0000006000 support, Pepe has been trading sideways.
With little to no momentum in the form of adoption, the meme coin might continue this way. Crypto experts have predicted that the decline could continue unless there is rejuvenation of the Pepe ecosystem.
While meme coins like Pepe and Shiba Inu are known for their lack of utility, Kangamoon is changing the narrative. While it features elements of meme coins, Kangamoon's ecosystem features a P2E game, DeFi elements, and a new generation of non-fungible tokens.
In the P2E virtual world, The Kangaverse, players will take on the role of Kangamoon. As Kangamoon, a kangaroo who loves boxing, players will fight in tournaments and competitions to become the ultimate boxing champion. Players will need to level up their skills as they will compete against others in global events.
As a P2E game, players will be rewarded with digital assets and rare collectibles for their wins. The ecosystem also features a new kind of NFTs, Meme Non-Fungible tokens, or M'NFTs. These digital arts are created as hybrids of a player's in-game character and popular meme coins.
With a thriving gaming ecosystem, Kangamoon has been voted as the top meme coin for 2023. For now, the project is in its first presale stage. You can now buy the utility token of the ecosystem, KANG, for $0.005 apiece, before it rallies by the projected 22x.
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
