As the market recovers from its recent price slump, several developments have captured the attention of crypto enthusiasts. VeChain’s (VET) price jumped after being listed on Coinbase, while Stellar (XLM) experienced a 7.5% price dip after announcing a rebrand. The play-to-earn meme coin Kangamoon (KANG) is also gaining popularity and offers a thrilling gaming experience and community-building.
- Vechain price turned bullish after being listed on the Coinbase exchange.
- Stellar experienced a price decline of 7.5% after unveiling its rebrand
- Kangamoons captures the hearts of meme lovers in the crypto community
VeChain (VET) Price Surges After Being Listed On Coinbase
VET, the native cryptocurrency of the VeChain network, increased in value significantly, jumping from $0.0146 to a high of $0.0166 following its listing on Coinbase. Another network token, VHO, was listes on the biggest crypto exchange in the United States.
Relative to the price on August 17, the VeChain price has confirmed a double-bottom pattern, which often leads to upward movements. In addition, development activity has surged in the past four weeks, indicating increased cryptocurrency demand.
With both the VeChain coin and VTHO token now trading on Coinbase, market analysts expect greater liquidity on the network starting in September. As a result, they are bullish about the price of VeChain going into the fourth quarter.
Stellar Price Drops in the Face of Unveiling Rebranding
Stellar (XLM) has rebranded to align with mainstream appeal, with actor Idris Elba as its new blockchain ambassador. The Development Foundation of Stellar described the transformation as a significant undertaking.
However, the announcement negatively affected the price of the Stellar coin, XLM, causing a significant 7.5% drop, suggesting investors may not have welcomed the change.
According to the Stellar price prediction algorithm, XLM could continue to decline. The algorithm does, however, foresee a price increase on the long-term Stellar chart. It predicts that XLM will rise above the resistance at $0.17, reaching 76.16% by March 2024.
P2E Gamers and Meme Coin Enthusiasts Flock To Kangamoon
Kangamoon (KANG) is creating an irresistible invite for meme coin enthusiasts and gamers to join its rapidly growing community. Kangamoon is one of the most exciting new projects, combining play-to-earn and meme coins for a unique new concept.
In the Kangamoon virtual game, players will assume the role of a spirited kangaroo with a passion for boxing. As they can build their characters and develop unique abilities, they will challenge a global community of P2E gamers.
Wins in each of these matches and tournaments are rewarded with digital coins and rare collectable items. These items can traded or sold on the Kangamoon marketplace for real cash. Kangamoon is an appealing P2E game because it allows investors to trade without incurring additional costs, which means a 0% buy-and-sell tax rate.
With the potential to change how we perceive meme coins, crypto experts have predicted that Kangamoon will emerge as a dominant player in the P2E space. It’s starting with an enticing starting price of just $0.005 per token, making it accessible to a wide range of investors.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
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On Monday, the VeChain price surged following its listing on Coinbase Pro and news of a wallet integration with Nexo. At the same time, Stellar’s price dropped amid intense competition from other cryptocurrencies. Additionally, the blockchain-based meme platform KangaMoon attracted a large number of meme enthusiasts.
The VeChain price increased by almost 20% in the wake of its listing on Coinbase Pro, the institutional arm of the popular US-based cryptocurrency exchange. The listing marked Coinbase’s seventh ever listing of a decentralized blockchain-based asset. Additionally, Nexo, a leading payment platform, announced its new wallet integration for VeChain. The integration will facilitate the storage of VET tokens for Nexo customers.
Meanwhile, Stellar’s price has been falling, though the project remains one of the most popular in the cryptocurrency industry. Notably, Stellar’s recent decline was largely a result of the strong competition in the space, with newer projects such as Cardano and Filecoin having entered the fray.
In addition, KangaMoon, a blockchain-based meme platform, has recently attracted the attention of the meme enthusiast community. The platform uses Ethereum-based tokens that can be earned by users who post and share quality content on the platform. This form of token-based incentive model has increased user engagement significantly.
Overall, the cryptocurrency space is heating up, with new projects entering the fold and more investors seeking exposure to digital assets. Monday’s developments are only a small glimpse into what is sure to be a very dynamic year for digital assets.