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The crypto ecosystem is currently seeing changing patterns as one of the fastest-growing sectors of the economy. We’ll examine three key changes in the cryptocurrency world in this article: Shiba Inu’s (SHIB) new milestone, institutional investors’ shifting opinions of Ethereum (ETH), and Kangamoon’s (KANG) rise as a top investment choice.
A New Transaction Milestone for Shiba Inu’s Shibarium
With its recent milestone, the meme-inspired cryptocurrency Shiba Inu (SHIB) has attracted the attention of cryptocurrency fans. The achievement in question is the ongoing expansion of Shibarium, a freshly launched layer 2 network.
Shibarium now supports more than 1.1 million wallet addresses and has executed over 2 million transactions since its introduction. The thriving ecosystem that has developed around the Shiba Inu coin is reflected in this accomplishment.
The Shiba Inu price has increased since the announcement. SHIB has risen toward the $0.000007300 level after rebounding from the $0.00000700 support. Shiba Inu’s price may soon surpass the $0.00000800 resistance level if the positive trend keeps up.
Institutional Investors Are Less Favorable to Ethereum (ETH)
Due to the capability of smart contracts, the most popular altcoin, Ethereum (ETH), has become one of the most favored cryptocurrencies by institutional investors. Things seem to be different in 2023, though, since investors’ preferences are shifting.
Institutional investors have sold Ethereum coin products for more than $108 million, according to a CoinShares study, since the year began. The “least loved digital asset” among institutional investors as a result is ETH.
The price of Ethereum, however, has fared better. Ethereum’s price has risen 34% since the beginning of the year and now trades above the $1,600 support level. ETH is currently in bull zone, like the Shiba Inu, which suggests that further price growth may occur over the next few weeks.
Ahead of the 20x Price Rally, Investors Are Turning to Kangamoon (KANG)
Investors are increasingly gravitating to Kangamoon (KANG), a new meme coin, as interest in Ethereum declines. Investors are particularly interested in Kangamoon compared to other meme coins since it provides both fun and value as a whole gaming ecosystem.
Players assume the character of Kangamoon, a lively kangaroo with a passion for boxing, in the Kangamoon P2E game. The virtual environment of Kangamoon offers exciting boxing games in addition to earning chances.
By succeeding in matches, taking part in unique events, and completing difficult objectives, players can accumulate virtual currency and valuable in-game things. Gamers’ earning potential is further increased by the fact that these things can be sold in the Kangamoon in-game market.
Kangamoon has become a top potential for 2023 by giving meme coin fans the chance to make money from their gaming time and compete with others around the world.
By the end of the year, Kangamoon, which is currently trading at $0.005 per token in its first presale stage, will likely hit highs of $0.3.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered as financial, investment, or trading advice.
Cryptocurrency investments are highly speculative and volatile, and there are inherent risks involved. Always conduct your own research and due diligence before making any investment decisions.
Furthermore, the future performance of any cryptocurrency mentioned in this article cannot be guaranteed. Cryptocurrency investments carry a significant risk of loss, and past performance is not indicative of future results.
It is essential to consult with a qualified financial advisor or conduct thorough research to assess your individual financial situation and risk tolerance before investing in cryptocurrencies.
Make sure to stay updated on the latest news and developments in the cryptocurrency space, and only invest what you can afford to lose.
