Shiba Inu (SHIB) Price Surge: Is KangaMoon (KANG) The Next Big Thing To Watch Alongside Stacks (STX)?

The extraordinary rise of KangaMoon (KANG) has captured the attention of retail investors and whales. Experts are bullish on the project as its presale stage 1 was subscribed before the due date. Shiba Inu (SHIB) and Stacks (STX) have also shown considerable growth. However, KANG is clearly a winner among these three cryptocurrencies.

Fake NFT Projects Target Shiba Inu (SHIB) Community

The last week was favorable to Shiba Inu, as SHIB traded at a 2% high on the price chart. Consequently, the current trading price of Shiba Inu stands at $0.000009773. The Shiba Inu team has issued a warning against a potential scam that can target the SHIB community.

Shiba Inu's preventive step has come ahead of the debut of the SHEboshis NFTs, a new collection. Notably, these latest NFTs in the Shiba Inu ecosystem will initially trade on Uniswap and ShibaSwap. Besides, there are plans to bridge these NFTs to Shiba Inu's Shibarium.

However, the Shiba Inu team has stated that some malicious NFT projects may try to circulate fake NFTs to dupe users.

Stacks' (STX) Annual Report Looks Solid

The annual report of Stacks has filled the STX community with enthusiasm. As per the report, Stacks has registered a 3,028% annual increase in its revenue, which currently stands at $637,000.

Besides, Stacks' total value locked (TVL) has surged by a whopping 773% on an annual basis. The daily miner revenue on the Stacks network has also skyrocketed by 1,015%. The report's findings are well reflected in the price movement of Stacks.

In the past month, the market value of Stacks has increased by 87%. Hence, Stacks is currently changing hands at $2.74.

KangaMoon (KANG) Presale Is The Most Trending Crypto

As per a report by Verified Media Research, the value of the NFT market can soar to $231 billion by 2030. Additionally, the profitability of meme coins is also surging. Taking a cue from these market trends, Kangamoon has introduced a novel project. It has brought the features of meme coins and NFTs together.

The project will soon launch a community-backed meme coin with a gaming-based ecosystem. It has combined the elements of SocialFi and P2E to give real-world utility to meme coins, a rare feat. The platform will offer fun-filled competitions where players can participate to earn rewards.

The platform will allow its users to create in-game characters, and equip them with rare abilities. Thereafter, players can engage in fun activities or battles to generate real-world value. Participating in battles and winning them will let players earn KANG and in-game assets, which can be monetized. This, in turn, will encourage more players to take part in games.

Notably, the platform has also planned to roll out a gaming marketplace. Here, you can buy, sell, or trade your in-game NFTs and digital assets. Thus, you can utilize your gaming skills and achievements to make tangible wealth.

The presale of KangaMoon has completed its first stage. During the ongoing Stage 2, you can purchase a KANG token for $0.0075, which was only $0.005 in the first stage. According to market experts, the token's value can soar by 22X before the culmination of its presale round. Besides, it is likely to jump by 35X after getting listed on exchanges.