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While Litecoin (LTC) and Arbitrum (ARB) battle, an upcoming meme coin, Kangamoon (KANG), is gaining popularity. What is this success due to? Read on to learn more about kangarooLitecoin and Arbitrum.
Litecoin is 82.95% below its all-time high
The past year has not been good for Litecoin. The LTC token has been making headlines for all the wrong reasons as it continues to struggle. Litecoin has plummeted 30.25% in the last year.
Currently, Litecoin is trading at a price of $70.35, which is down 0.1% in the last 24 hours. Taking into account last week's performance, Litecoin has fallen by 2.74%. Comparing the all-time high price is of no use as Litecoin has plummeted 82.95% below its all-time high price, which was $412.96.
Analysts predict that the coin could gain some value in the near future.
Arbitrum falls 83.02% in one year
Arbitrum is a scalable solution that uses optimistic rollups to improve speed, scalability, and profitability on ethereum. Despite recent improvements, investor concerns about Arbitrum's instability are growing.
ARB is trading at $2, up 1.9% in the last 24 hours. However, if we look at last month's performance, its price fluctuated from $1.9 to $1.5. Later, the token rose to $1.95 and fell again to $1.7.
So far, ARB is down 83.02% in the last year. It is also 16.63% below its all-time high of $2.40.
KangaMoon pre-sale in progress
As Litecoin and Arbitrum struggle to remain relevant, a new memecoin, kangaroois set to change the play-to-earn industry.
Kangamoon will create a community where meme lovers can interact and compete. Additionally, users can earn in-game rewards through ecosystem gameplay.
As the native token is highly community-driven, members who did not participate in the battles will earn rewards by watching and betting on the results of the matches. Users can trade and sell these in-game rewards on the market.
The native KANG token is currently in its second pre-sale stage and is selling for $0.0075. P2E nft Gaming Market Was Worth $8,856.95 Million in 2023 and Expected to Grow nft-games-market-150700399.html” rel=”noreferrer noopener”>17.93% by 2028.
crypto analysts have predicted that KANG could grow 220% upon completion of its pre-sale and 350% after listing on major exchanges. Kangamoon has already raised more than $220,000 in its pre-sale.
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