KangaMoon (KANG) Attracts More Buyers After Listing Exploits, While Polygon (MATIC) and Starknet (STRK) are Back in the Trenches

While Polygon and Starknet are back in the downtrend, KangaMoon is moving on, pulling more buyers to its fold.

As the crypto market continues to experience bearish trends, several tokens are struggling to maintain their value. Among them, Polygon (MATIC) and Starknet (STARK) have both faced significant sell-offs. However, one token that has managed to buck the downtrend and deliver impressive gains is KangaMoon (KANG).

After a brief rally in early June that saw MATIC price rise toward the $1 mark, the token has since reversed those gains and is now down over 23% in the past month, according to data from CoinMarketCap. The latest sell-off comes as investors appear to be losing hope in the Polygon token, which has failed to deliver on earlier promises.

The recent downturn in MATIC price has also impacted the token’s market capitalization, which has dropped considerably. As of writing, MATIC’s market cap now stands at $843 million, a far cry from its peak valuation of over $30 billion.

According to several analysts, the main reason behind the current sell-off in MATIC is due to Polygon holders who are cashing out their holdings and looking to jump into newer projects. Despite the bearish trend, some crypto experts like CryptoPatel have managed to spot a potential bullish pennant forming on the MATIC trading charts, which could see the token price rally toward $2 in the coming months.

Starknet (STARK) is another Ethereum layer 2 network that provides users with unlimited computation scaling, similar to Polygon. Despite launching its new DeFi Spring 2.0 campaign where users can earn from the 90 million STRK up for grabs, the Starknet token is still struggling in a downtrend.

Data from CoinMarketCap shows that STARK price has decreased by nearly 50% in the past month. This sell-off has also impacted the Starknet market cap, which has failed to reach the $1 billion mark. With STARK price still trading at an 82% loss from its all-time high, only a strong bull market rally could save the token from shrinking further.

As both Polygon and Starknet continue to face difficulties in attracting users due to the increasing competition among other layer 2 networks, investors who are looking for tokens that could deliver substantial gains in the coming months should consider adding KangaMoon (KANG) to their watchlist.

KangaMoon (KANG) is a new meme token that has quickly gained popularity among investors thanks to its impressive performance since launching in early 2023. The token, which is available on major centralized exchanges like MEXC and BitMart, has managed to deliver over 272% profits to traders.

Following its listing on CoinMarketCap and Coingecko, KangaMoon has seen a massive influx of buyers who are eager to get their hands on the token after its 250X rally from the presale price. As of writing, KANG price has reached an all-time high of $0.15 with the token’s market cap crossing the $90 million threshold.

With the new gaming system launching soon and the platform expanding its community presence, KangaMoon is primed for another token surge in the future. Furthermore, as a token that is committed to both GameFi and crypto price value, KangaMoon also aligns with the aspirations of many users who are looking for a token that will deliver long-term gains, making it a must-have crypto for investors.

Finally, thanks to its presence in the NFT and metaverse worlds, industry experts continue to have high admiration for this project while forecasting a rally toward the $0.5 mark by the end of the year.

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