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As Litecoin (LTC) and Arbitrum (ARB) struggle, an upcoming meme coin, Kangamoon (KANG), is gaining popularity. What is the reason behind this success? Read ahead to learn more about&nbsp;<a href="https://kangamoon.com/" target="_blank" rel="noreferrer noopener">Kangamoon</a>, Litecoin, and Arbitrum. 
<h2 class="wp-block-heading" id="litecoin-is-82-95-below-its-all-time-high">Litecoin is 82.95% below its all-time high</h2> 
This past year has not been good for Litecoin. The LTC token has been in the headlines for the wrong reasons as it continues to struggle. Litecoin has crashed by 30.25% in the last year. 
Presently, Litecoin is trading for a price of $70.35, which is a reduction of 0.1% in the past 24 hours. Considering last week’s performance, Litecoin has dropped by 2.74%. Comparing the all-time high price does no good, as Litecoin has crashed by 82.95% below its all-time high price, which was $412.96. 
Analysts predict that the coin could gain some value in the coming future.&nbsp; 
<h2 class="wp-block-heading" id="arbitrum-drops-by-83-02-in-a-year">Arbitrum drops by 83.02% in a year</h2> 
Arbitrum is a scaling solution that uses optimistic rollups to improve speed, scalability, and cost-efficiency on Ethereum. Despite recent improvements, investors’ concern about Arbitrum’s instability is growing. 
 You might also like: <a href="https://crypto.news/concentric-app-suffers-1-7m-social-engineering-hack-on-arbitrum/"> Concentric app suffers $1.7m social engineering hack on Arbitrum </a> 
ARB is trading at $2, a 1.9% increase in the past 24 hours. However, if we look at its past month’s performance, its price fluctuated from $1.9 to $1.5. Later, the token rose to $1.95 and crashed again to $1.7. 
So far, ARB is down 83.02% in the past year. It is also 16.63% below its all-time high of $2.40. 
<h2 class="wp-block-heading" id="kangamoon-presale-ongoing">KangaMoon presale ongoing</h2> 
While Litecoin and Arbitrum are struggling to stay relevant, a new memecoin,&nbsp;<a target="_blank" href="https://kangamoon.com/" rel="noreferrer noopener">Kangamoon</a>, is set to change the play-to-earn sector. 
Kangamoon will create a community where meme lovers can interact and compete. Moreover, users can earn in-game rewards through the ecosystem’s gameplay.&nbsp; 
 You might also like: <a href="https://crypto.news/captain-faibik-bullish-on-dogecoin-shiba-inu-and-kangamoon/"> Captain Faibik bullish on Dogecoin, Shiba Inu and KangaMoon </a> 
As the native token is very community-driven, the members who were not involved in the battles will earn rewards by spectating and betting on the match results. Users can trade and sell these in-game rewards in the marketplace. 
The KANG native token is currently in its second presale stage and is selling for $0.0075. The P2E NFT games market was worth $8,856.95 million in 2023 and is projected to grow&nbsp;<a target="_blank" href="https://finance.yahoo.com/news/play-earn-nft-games-market-150700399.html" rel="noreferrer noopener">17.93%</a>&nbsp;by 2028.&nbsp; 
Crypto analysts have predicted that KANG could grow by 220% by the completion of its presale and 350% after listing on major exchanges. Kangamoon has already raised over $220k in its presale.&nbsp; 
 Read more: <a href="https://crypto.news/rekt-capital-bullish-on-solana-as-xrp-validators-support-new-upgrade-whales-interested-in-kangamoon/"> Rekt Capital bullish on Solana as XRP validators support new upgrade, whales interested in KangaMoon&nbsp; </a> 
 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Litecoin and Arbitrum struggle, new meme coin raises $200k in days

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