The recent rally of the cryptocurrency market has ended with most coins back in the red region. With no significant development, BNB and Uniswap (UNI) face significant price declines. At the same time, Kangamoon, with its innovative features, is making waves in the Play-to-Earn (P2E) gaming space, captivating gamers’ interest.
Summary:
- BNB price has remained above the $210 support level.
- Uniswap ranks moderate volatility in its price reading.
- Kongamoon merges gaming and P2E gaming in a unique virtual world.
BNB Price Drops, But Holds
The majority of coins in the crypto market draw their strength from BTC. So the rise and the fall in prices of BTC invariably affects them all. As a result, in the recent Bitcoin upswing above $27,000, the price of the BNB coin fared quite well.
However, the upswing was short-lived as the BNB was rejected at the $220 resistance. As a result, the price of BNB has been dropping. However, BNB seems to be holding its head above water, finding support at $210.
Leveling at above $210, BNB has managed to prevent its value from dropping below a key significant level. However, analysts believe that if the prices remain at this current rate and probably reach a high of $250, BNB will do well in the next bullish upswing.
Unisawp (UNI) Falls Sharply, Approaches $4 Support
Like BNB, the Uniswap price chart has been bullish for most of September. However, the altcoin has lost its bullish momentum as the crypto market slips into bear territory. From a price value of $4.45, UNI now looks set to target the $4.00 support.
However, market analysts have given Uniswap a 31 volatility rating, meaning the token may halt its sharp decline. In addition, there has been notable growth in on-chain activities on the Uniswap exchange.
According to data trackers, there has been an increase in wallet addresses and active daily transactions on Uniswap. This in turn could help the Uniswap price to experience a mild upswing.
Kangamoon Raises Excitement in Blockchain P2E Space
As per a report from Market and Markets, the Play-to-Earn NFT gaming space is a billion-dollar market. Market and Markets predicts the sector to reach a market valuation of $8.85 billion by 2028. In this fast-growing market, Kangamoon has raised excitement among gamers.
As a P2E game, Kangamoon will allow players to earn money but ensure they are having fun. Kangamoon is a P2E game set on the character of a boxing kangaroo. This adventure game tests the creativity and skills of players to the limit.
Among its many alluring features is the ability for players to create avatars and custom items and sell these on Kangamoon’s native marketplace for tokens known as KANG. Also, there are weekly tournaments where players compete against opponents from all over the world and earn real cash from every gameplay.
Because of its unique system, crypto experts have called Kangamoon the knockout meme of 2023. Presently, Kongamoon is at stage 1 of presale, valued at $0.005, and it is forecasted to yield a whopping 3,000% ROI by the time it gets listed on the market.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
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- Source: https://zycrypto.com/monetize-your-gaming-time-with-kangamoon-while-bnb-and-uniswap-prices-fall-sharply/
