Kangamoon Attracts Attention as ApeCoin Decline Continues, Polygon Completes Major Upgrade

Ahead of its major rebranding, Polygon has performed a major zkEVM upgrade. In other news, the price of ApeCoin has continued to drop approaching the $1 mark. Kangamoon has been growing in popularity because of its unique play-to-earn gaming concept.

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Polygon zkEVM Gets First Major Upgrade

Polygon Labs has announced the first major upgrade for its zkEVM since its mainnet launch in March this year. Polygon zkEVM is a scaling solution compatible with Ethereum Virtual Machine.

After the Dragon Fruit is implemented the Polygon zkEVM Mainnet Beta will be updated with the latest version of Solidity. This will implement support for the latest EVM opcode PUSH0 on the Polygon network.

Despite this major upgrade, the Polygon price has been on a decline. The recent price drop has seen the MATIC price decline to as low as $0.5270. However, as the upgrades in the network rebranding are rolled out, experts expect the price of Polygon to increase.

ApeCoin (APE) Price Decline Continues

Since its launch in 2022, the price of ApeCoin has been on a decline. After a relief rally at the beginning of 2023, the Apecoin price has continued its downward slope. Despite the recent crypto market recovery, APE has continued to decline.

As a result of the decline, the Apecoin value has dropped under $1.10. Crypto experts have predicted that if the decline continues, APE could drop under the $1 support. The persistent decline of the coin can be linked to its lack of utility.

To fix this, the team behind the project is planning to introduce a new DAO and NFTs for the crypto. Community members are voting on this proposal at the moment. If passed, Apecoin would get the utility that could cause a price rise.

Kangamoon (KANG) Attracts Attention in Presale

The lack of utility that has plagued the likes of ApeCoin is solved with the launch of Kangamoon (KANG). Kangamoon is building an exciting virtual boxing ecosystem that infuses attributes of meme coins with DeFi and Play-to-earn gaming.

The Kangaverse will include four key elements – a play-to-earn game, a battle arena, a DeFi ecosystem, and NFTs. In the P2E game, players will journey through the exciting world as Kangamoon, a Kangaroo that loves boxing. As they journey through the virtual world, fighting others and winning competitions to become the top-rated boxer, they will earn virtual tokens and in-game collectibles.

These rewards can be sold within the ecosystem marketplace for cash. The NFTs of the Kangaverse are unique. Known as Meme Non-Fungible Tokens (M’NFTs), they combine the in-game characters with meme characters to create unique NFTs.

By creating a hybrid ecosystem, Kangamoon has piqued the interest of investors who are bullish about the platform. It has already been dubbed 2023’s knockout meme. At the time of this writing, Kangamoon is in its first presale stage where KANG retails at $0.005 per token.

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