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Why Axie Infinity (AXIE) and Apecoin (APE) Holders Are Piling Into This Hot New SocialFi Memecoin

19 February 2024
in ApeCoin
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Why Axie Infinity (AXIE) and Apecoin (APE) Holders Are Piling Into This Hot New SocialFi Memecoin
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Axie Infinity and Apecoin are two of the world’s most popular play-to-earn (P2E) ecosystems. Both projects offer players lucrative gameplay options and income opportunities. However, Axie Infinity and Apecoin crashed during the recent bear market.

Now, P2E investors are piling into a new social-fi meme coin, which is building one of the world’s fastest growing DeFi communities.

Axie Infinity Projected To Pass $50 In 2024

In a recent bullish forecast, experts predicted that Axie Infinity’s utility token, AXS, could experience extraordinary growth in 2024. Given a recent increase in investor confidence, in addition to growth throughout the Axie Infinity community, experts predict that AXS could pass $50.43.

Should the general crypto market gain bullish momentum, some experts believe that Axie Infinity could pass $78.57 by 2025.

Given Axie Infinity’s recent game developments, as well as its roadmap for 2024, the P2E game is in a strong position to capitalize on market growth. Therefore, these predictions could become a reality if AXS can build on the market’s bullish momentum.

ApeCoin Investors Prepare For Token Unlocking

ApeCoin (APE) will release 2.61% of its token supply this week. In total, this will account for $24.49 million worth of the APE supply, and is designed to strengthen ApeCoins market position and increase overall droption.

The released tokens will be allocated to several parties, and will include 15.6 million ApeCoin tokens in total. The ApeCoin treasury will receive 7.34 million APE, Yuga Labs will receive 4.17 million APE, and the founder of Yuga Labs is expected to receive 2.22 million APE.

Presently, ApeCoin is trading at $1.60 and its price has decreased by 4% over the last 24 hours.

Could KangaMoon (KANG) Offer A Stronger P2E Alternative?

KangaMoon (KANG) is a new DeFi project that combines P2E gaming with social-fi initiatives. This unique approach is designed to help KangaMoon build the world’s most interactive DeFi ecosystem, where investors can earn rewards based on their social interactions.

KangaMoon will offer weekly, monthly and quarterly rewards for players who complete challenges, and will offer $KANG tokens to players who regularly interact with the KangaMoon community.

During its presale, which is currently in stage one, investors can earn additional $KANG tokens by promoting the project. This will give early investors the opportunity to earn before KangaMoon launches, and is expected to help speed up $KANG adoption.

The KangaMoon game will work in a similar way to Axie Infinity. Players will be able to customize and battle characters for rewards, which can then be sold through the KangaMoon marketplace for KANG tokens and other rewards.

KangaMoons utility token, $KANG, is currently available for $0.0075 during stage two of the project’s presale. Experts predict that KANG will increase by 220% during the KangaMoon presale, which, alongside the games social-fi features, has put KangaMoon in the spotlight.

KangaMoon Vs AXS and APE: Which Is Better?

As Axie Infinity and Apecoin have already seen significant growth since they were first released, KangaMoon could offer higher returns for investors. As the project gains popularity and builds its ecosystem, experts predict that KANG will surge. Meanwhile, Axie Infinity and Apecoin need to rebuild their user bases before they can expect to make significant returns.

Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.



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