As The Prices Of Shiba Inu And Floki Retrace, KangaMoon Has Surged Past $2.3 Million

As Shiba Inu (SHIB) and Floki (FLOKI) undergo price retracements, KangaMoon defies expectations, raising over $2.3 million in its presale phase.

Source:www.milliyet.com.tr

This achievement underscores robust community backing and promising market prospects leading up to its launch. In recent market shifts, two leading memecoins, Shiba Inu (SHIB) and Floki (FLOKI), have encountered price retractions despite notable gains seen in the past month. This development has spurred investors to closely watch the unfolding situation.

Meanwhile, KangaMoon has emerged as a compelling alternative, having concluded the third phase of its presale with remarkable success, raising over $2 million. This milestone not only underscores KangaMoon’s robust community backing but also positions it as a noteworthy competitor alongside established meme coins. As it gears up for its official launch, KangaMoon is attracting significant attention.

Floki Retests Previous Lows After A Minor Decline

Following a bullish trend earlier this month, Floki surged to impressive heights, peaking at $0.000303 five days ago. However, a significant sell-off subsequently caused a drop, and Floki has been attempting to recover its price since then. In the past week alone, Floki has experienced a 37.97% loss, with a current daily drop of 21% at the time of writing. This has narrowed the weekly price range to approximately $0.0002057 to $0.000303. Despite these recent declines, Floki still maintains a positive monthly performance, boasting a 381.17% increase in price over the past month.

SHIB Experiences An Extended Decline

After reaching a peak price of $0.00004289 in the last two weeks, Shiba Inu faced volatility that prevented further upward momentum, leading to a decline and subsequent retesting of lower prices. Presently, Shiba Inu is trading within a weekly price range of $0.00002469 and $0.00003378, marking a loss of over 23% in the past week. Despite these fluctuations, Shiba Inu has demonstrated a positive performance, with a rise of approximately 154.95% in the past month.

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