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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
In this article, we will discuss the mixed sentiment of the Dogecoin (DOGE) market, the remarkable price rally of Axie Infinity (AXS), and the growing interest in the emerging cryptocurrency Kangamoon (KANG).
Over the last few months, the Dogecoin market has been characterized by huge price fluctuations. As a meme coin, the price of Dogecoin has seen moments of explosive growth, as well as periods of sharp downward trends.
In the last three months, the price of Dogecoin has been stuck within the $0.0600 support and $0.0800 resistance levels. However, on September 11th, it breached this support trendline, plummeting to a low of $0.0593. Nevertheless, the bulls swiftly responded and caused a price reversal, pushing the Dogecoin price above $0.061.
Meanwhile, Dogecoin's bearish trajectory and lack of limited development and utility have caused fear among investors. Still, they remain bullish on the token and expect a price surge in the coming months.
Axie Infinity has emerged as the standout performer in the crypto market lately. Recently, it experienced a notable 21% rally during the intra-day session. This surge in price is a much-needed rebound for the cryptocurrency as it recently hit a fresh year-to-date low of $4.13 just last week.
Notably, the underlying catalyst for this upward momentum is the project's 77% surge in unique active wallets. The recent price surge has taken the price of the Axie Infinity token to a new month high of $5.0.
Technically, Axie Infinity's RSI is above the neutral line at 50, suggesting a potential for further recovery. If this recovery continues, Axie Infinity's price could cross the critical threshold at $4.84. This will allow the DeFi token to reach the 50-day EMA at $5.03.
The Play-to-Earn gaming sector has gained traction in recent years with significant global adoption. According to Newzoo, the games market has a bright future. Consequently, player numbers are expected to soar past 3 billion by 2024, with yearly revenues exceeding $200 billion, and Kangamoon looks to leverage this growth.
Kangamoon aims to seamlessly blend meme coins with the emerging blockchain gaming market. Kangamoon's strategy is to create a virtual gaming space where crypto enthusiasts and meme coin lovers can compete with one another.
This will create a community of users who will play games while earning rewards. This unique approach has attracted the attention of industry experts who recognize Kangamoon's substantial growth potential. Additionally, players can take part in avatar-based competitions, battles, and tournaments, earning more rewards and prizes.
Cyberscope and SOLIDProof have already audited and certified Kangamoon's smart contract. This shows Kangamoon's unwavering commitment to user safety and reliability. The price of the ecosystem token, KANG, currently retails at $0.005 in its first presale phase.
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Join Our Twitter Community: https://twitter.com/Kangamoon_P2E
