NEO recovered above $22.8. Pre-sales for this meme coin soared past $4.8 million.

• Amid the broader cryptocurrency market recovery, NEO surged past $22.8.
• Kangamoon integrates SocialFi, Play-to-Earn with $KANG token for community engagement.
• $KANG token presale exceeded $4.8 million, with 32.4% sold.

NEO, one of the major altcoins, saw a significant rebound, surpassing $22.8. The surge comes amid a broader recovery in cryptocurrency markets, particularly Bitcoin's resurgence following the weekend's flash crash.

At the same time, Kangamoon, a new meme coin, has also seen a surge in interest among investors, with the total amount raised in the ongoing native token presale exceeding $4.8 million.

NEO price breakout

NEO, often referred to as the “Chinese Ethereum” due to its functional similarities, recorded an incredible price surge of 25.30% in one day, hitting $22.89.

At press time, the token price had fallen slightly to $21.72.

This surge has established NEO as one of the top cryptocurrency earners today across various trading platforms.

Technical analysis shows that the price of NEO is consolidating within a rising parallel channel, indicating a bullish bias. Market sentiment remains bullish and well below overbought territory as the Relative Strength Index (RSI) is above its average level of '50' and the Simple Moving Average (SMA) is rising.

If the price of Bitcoin continues to rise, NEO could surge and remain above the upper limit of the channel it briefly broke this morning, possibly regaining its recent high of $23.83.

Kangamoon: Meme Coin with SocialFi and P2E Model

Amid the cryptocurrency craze, a new player emerges in the meme coin space: Kangamoon.

Kangamoon aims to create a vibrant and inclusive community of meme lovers while incorporating SocialFi and Play-to-Earn elements. The project provides a unique platform where users can interact, grow, and earn rewards through various activities.

At the heart of Kangamoon is its native token, $KANG, an ERC-20 token built on the Ethereum blockchain.

The $KANG token, with a maximum token supply of 1,000,000,000, serves as the backbone of the Kangamoon ecosystem. Users can earn $KANG tokens and exclusive rewards by participating in community-driven events, challenges, and sweepstakes.

Kangamoon also offers a social-fi model, allowing members to earn additional tokens by actively participating on the platform.

$KANG token pre-sale

The $KANG token pre-sale event received a lot of attention within the cryptocurrency community, raising $4,845,970.943 at press time.

With 32.4% of tokens already sold, anticipation is growing for the remaining 67.6% of tokens.

The pre-sale gives participants the opportunity to win $KANG tokens at a discounted price and receive a 10% bonus on all purchases during the five stages of the pre-sale.

Once the pre-sale ends, token claim details will be available on the Kangamoon website, social media channels, newsletter and Telegram. Tokens can be accessed through the claim button on the website, making the process of earning $KANG tokens seamless for participants.

conclusion

With the resurgence of NEO and the pre-sale success of Kangamoon, the cryptocurrency market is witnessing another chapter of continued growth and innovation.

As Kangamoon continues to gain traction in the cryptocurrency space, the project's innovative approach to community building and meme coin integration sets Kangamoon apart in an ever-evolving landscape.

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