Tron And VeChain Suffers Loss Ahead of FTX Sell-Off, While Kangamoon Offers New 20x Opportunity

In the ever-fluctuating crypto market, recent events have cast a shadow over two prominent blockchain projects, Tron (TRX) and VeChain (VET). Simultaneously, Kangamoon has emerged as a beacon of hope for Play-to-Earn (P2E) enthusiasts, presenting exciting new opportunities in the blockchain gaming space.

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Summary:

• Tron suffers from FTX liquidation
• VeChain still bullish in nature
• Kangamoon piques the interest of investors and P2E gamers

Tron (TRX) Suffers Loss Ahead of FTX Liquidation

Latest reports have shown that FTX will be liquidating its assets, bringing its exchange platform to an end. What this spells for tokens trading on this platform will be a sell-off of all the assets, including the Ton coin.

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The Tron coin is currently trading at $0.0835 as of the time of this article, making it the 11th most-ranked crypto asset by market cap. However, in what seems like a shocking move, the founder of Tron, Justin Sun, has decided to buy off the liquid assets from FTX worth a total of $1.3 Billion.

Given the situation, the market is most likely to experience a crash if FTX were to start dumping its assets, Justin Sun said to reporters, that he is only trying to reduce the selling pressure on the Tron coin price and would rather bolster an effective Tron network.

VeChain (VET) Continues its Bullish Run

Due to recent happenings in the crypto space, with the impending liquidation of the FTX trading platform, crypto analysts are concerned about the potential losses tokens could suffer due to this impending sell-off, including the VeChain coin.

VeChain (VET) on Wednesday this week, has received a bullish rating in what would seem like a quick short-term look at the coin’s performance. To some, this might spell good news, especially to investors who cherish buying tokens at a dip. With the price of VeChain trading at a near resistance of a daily high of $0.01660, the price of VET could drop.

Although there have been recent announcements concerning VeChain hinting at a bear market, the VeChain price remains bullish. Following the listing of two VeChain network tokens, the price of VET has increased by more than 15%.

Kangamoon(KANG) Offers New Opportunities to the P2E Space

Defying the potential bearish trend in the crypto market ahead of the FTX sell-off, Kangamoon (KANG) has been gaining massive attention from investors and P2E gamers. Kangamoon is a new meme coin that has been generating buzz for different reasons – its utility.

Kangamoon ushers in an exciting new boxing P2E game where players will take on the mantle of a Kangaroo character with a love for boxing. In the game, players will compete in varying tournaments and earn rewards for each gameplay.

As players develop their skills in each gameplay and customize their avatars, they will stand a better chance to dominate in the exciting new game. Players can also sell their in-game rewards in the ecosystem’s marketplace and earn extra by doing this.

Kangamoon combines its real-world utility plus its awesome gameplay, making it a preferred project for meme coin enthusiasts and investors alike. Still, in stage one of the presale, KANG currently trades at $0.005 per token.

Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!

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• Source: https://thecryptobasic.com/2023/09/24/tron-and-vechain-suffers-loss-ahead-of-ftx-sell-off-while-kangamoon-offers-new-20x-opportunity/?utm_source=rss&utm_medium=rss&utm_campaign=tron-and-vechain-suffers-loss-ahead-of-ftx-sell-off-while-kangamoon-offers-new-20x-opportunity