The post Polygon Growth Momentum, Whales Lose Faith in Arbitrum, Kangamoon Emerges the Rising Star in P2E Gaming appeared first on Coinpedia Fintech News
Amidst the uncertainty in the crypto market, Polygon (MATIC) has seen impressive growth, while there are concerns among crypto whales regarding the Arbitrum (ARB) price. Meanwhile, Kangamoon (KANG) has gained momentum in the play-to-earn (P2E) gaming space.
- 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
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Polygon (MATIC) Price Gains Momentum
The Polygon network, an Ethereum layer 2 scaling solution, has grown significantly as a result of its effectiveness in addressing Ethereum’s scalability issues. Wirex, a prominent player in crypto payments, has partnered with Polygon CDK to create W-Pay.
This new app is focused on on-chain transactions, signalling a significant advancement in crypto payments. Polygon Labs has partnered with Casio, known for its G-Shock watches, to launch G-Shock NFT creator passes on Polygon’s Layer 2 scaling solution.
As a result of the growing number of partnerships, the price of Polygon has been on the rise. The recent price growth saw the MATIC price peak at $0.5200. According to crypto analysts, the price of Polygon might vary from $0.79 to $0.87 by the end of the year.
Whales Lose Faith in Arbitrum (ARB) As Price Decline Continues
As the price of the Arbitrum coin declined, many large investors (whales) lost interest in it. In recent events, a significant whale sold 3.8 million ARB tokens for $3.21 million worth of ETH on Binance, causing a loss of $1.3 million for the whale.
The decrease in interest from large investors, known as whales, has had a noticeable impact on the market price of the Arbitrum coin, which is currently at $0.836. Additionally, the ARB network’s growth rate and transaction speed have declined in the past month, indicating potential difficulties ahead for ARB.
Large transactions during market instability have raised concerns about Arbitrum’s market sentiment. Analysts predict this selling pressure will persist until the end of September the Arbitrum price could drop to $0.8550.
Kangamoon Emerges The Rising Star Amongst Investors
Kangamoon (KANGA) has become a viable contender for the top play-to-earn gaming space. It gets more interesting as Kangamoon combines meme coin elements to create a community where enthusiasts can interact with like-minded gamers.
In the P2E game, players will take on the role of a lively kangaroo with a passion for boxing. To prove their talents, players can create characters, engage in combat, and participate in competitions to win in-game collectables and virtual currencies.
In the Kangamoon marketplace, players can sell or trade these items, boosting their potential earnings. The Kangamoon team prioritizes safety and reliability. As such, the platform’s smart contract has been rigorously audited by SOLIDProof.
By combining real-world applications with a strong community of meme enthusiasts, Kangamoon looks to topple the likes of Shiba Inu, Dogecoin, and Pepe. The ecosystem token, KANG, is currently in the first presale stage and trades at $0.005 per token.
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