Cardano and Tron bullish, Kangamoon bringing utility to meme coins
Cardano (ADA) and Tron (TRX) are established projects that are currently stable. Meanwhile, a new play-to-earn (P2E) meme coin project, Kangamoon, has captured investor attention. Summary: ADA recently recovered above $0.25. TRX is bullish; the RSI reading is above 47.01 Kangamoon’s no-tax model places the project ahead of emerging P2E games. Cardano is building momentum ADA is steadying, recovering, and trading above $0.25, adding 6%. You might also like: Cardano’s Hoskinson foresees ADA surpassing Bitcoin While Cardano is still down around 2% for the month, over 30% versus its July highs around $0.38 and over 45% since April’s yearly highs above $0.46, its latest rebound has propped its market cap. Contraction in ADA prices is tied to dropping decentralized finance (defi) activity and concerns about how the United States Securities and Exchange Commission (SEC) has classified the token. Tron prices bullish TRX’s value has plummeted since i...