Summary:
- The Polygon price experiences growth in the bearish market
- The Arbitrum coin battles to keep investors interested in the turbulent market
- Kangamoon captures the interest of investors
Polygon (MATIC) Price Gains Momentum
The Polygon network, an Ethereum layer 2 scaling solution, has experienced significant growth due to its effectiveness in addressing Ethereum’s scalability issues. Notably, Wirex, a prominent player in crypto payments, has partnered with Polygon CDK to create W-Pay, a new app focused on on-chain transactions, marking a significant advancement in crypto payments.
Polygon Labs has also forged a partnership with Casio, renowned for its G-Shock watches, to launch G-Shock NFT creator passes on Polygon’s Layer 2 scaling solution. These strategic partnerships have contributed to the rising price of Polygon, which recently reached a peak of $0.5200. According to crypto analysts, the price of Polygon is expected to fluctuate between $0.79 and $0.87 by the end of the year.
Whales Lose Faith in Arbitrum (ARB) As Price Decline Continues
Concerns have arisen as the price of the Arbitrum coin declined, leading to a loss of interest from large investors, commonly referred to as whales. In a recent development, a significant whale sold 3.8 million ARB tokens for $3.21 million worth of ETH on Binance, resulting in a loss of $1.3 million for the whale.
This decline in interest from whales has had a noticeable impact on the market price of the Arbitrum coin, which currently stands at $0.836. Furthermore, the growth rate and transaction speed of the ARB network have witnessed a decline over the past month, indicating potential challenges ahead for ARB.
Large transactions during market instability have raised concerns about Arbitrum’s market sentiment, with analysts predicting that this selling pressure will persist until the end of September, potentially causing the Arbitrum price to drop to $0.8550.
Kangamoon Emerges as the Rising Star Amongst Investors
Kangamoon (KANGA) has emerged as a strong contender in the play-to-earn gaming space, combining meme coin elements to create a vibrant community for like-minded gamers. In the P2E game offered by Kangamoon, players assume the role of lively kangaroos with a passion for boxing.
To showcase their skills, players can create characters, engage in combat, and participate in competitions to win in-game collectibles and virtual currencies. The Kangamoon marketplace allows players to sell or trade these items, thereby enhancing their potential earnings.
Emphasizing safety and reliability, the Kangamoon platform’s smart contract has undergone rigorous auditing by SOLIDProof. By combining real-world applications with a strong community of meme enthusiasts, Kangamoon aims to compete with established meme coins such as Shiba Inu, Dogecoin, and Pepe.
The ecosystem token, KANG, is currently in the first presale stage and is trading at $0.005 per token.
