US SEC Delays Another Ethereum ETF, Memecoin Battle Between PepeFork and KangaMoon

According to a recent report, the US SEC has postponed its decision on an Ethereum ETF submitted by Invesco and Galaxy Digital. Meanwhile, two meme coins, KangaMoon and PepeFork, are currently battling for the best altcoin in the market.

SEC Delays Galaxy Digital and Invesco Ethereum (ETH) ETF

The US Securities and Exchange Commission (SEC) has postponed its verdict on the spot Ethereum (ETH) ETF application submitted by Invesco and Galaxy Digital. The regulator prolonged the review period by an extra 35 days. It cited that it needed sufficient time to consider public feedback.

Responding to the news, Bloomberg Intelligence analyst James Seyffart noted that this delay by the SEC was expected. He argued that more delays could occur in the future. Also, Seyffart highlighted May 23rd as a major date for spot Ethereum ETFs. This is the deadline for VanEck’s application.

Analysts predict that the chance of approval is 60%. Meanwhile, Ethereum’s price has increased 4.7% and 3.0% on the monthly and weekly timeframes. The DeFi cryptocurrency rose from a low of $2,247.72 to a weekly high of $2,380.96.

PepeFork (PORK): The Pepe Coin Fork Faces Selling Pressure

PepeFork (PORK) is a meme coin originating from Pepe Coin. PepeFork is more than just a meme coin; it has a dynamic subculture within the crypto community.

It was launched on Uniswap and MEXC and became a major contender. PepeFork reached a market cap of around $293 million, surpassing Baby DogeCoin. In addition, PepeFork saw huge gains following its launch.

According to CoinMarketCap, the DeFi cryptocurrency soared from an all-time low of $0.0000000689 on January 30th to an all-time high of $0.0000009132 on February 2nd.

Unfortunately, selling pressure has affected the meme coin, which now trades at the $0.0000002636 – $0.000000837 price range. Despite the price plunge, PepeFork is up 151.2% on the weekly price chart.

KangaMoon (KANG) Merges Social-Fi and Meme Coin Elements

KangaMoon (KANG) wants to transform the meme coin sector by integrating Social-Fi and meme coin elements in a single platform. Its goal is to redefine what memecoins can offer, adding entertainment with utility. KangaMoon’s mission is clear: to outshine the popularity of memecoins like PepeFork, Shiba Inu, and Dogecoin.

While meme coins like PepeFork have a total supply of 429 Trillion, KangaMoon has only 1 billion tokens, making it the best cryptocurrency. Also, its Social-Fi model is designed to actively involve the community and reward participation with the KANG tokens. This enhances the value of being part of the KangaMoon ecosystem.

Meanwhile, KANG tokens have different functions within KangaMoon. It serves as an in-game currency for purchases and a tool for unlocking new levels in the gaming experience. Additionally, KANG holders will gain exclusive access to the platform’s upcoming NFT marketplace. This presents more opportunities for users to earn more income.

As KangaMoon prepares for its presale, its KANG tokens are priced at $0.0075. Market analysts are predicting a 35x growth post-launch, fueled by the exploding play-to-earn NFT gaming market. This growth trajectory, combined with KangaMoon’s innovative offerings, solidifies its status as the best cryptocurrency in which to invest.

Final Thoughts

Although the US SEC has postponed Galaxy Digital and Invesco Ethereum ETF applications, analysts remain bullish on a possible approval on May 23rd. On the other hand, KangaMoon has emerged as the best altcoin ahead of PepeFork due to its low total supply and unique features.

KangaMoon puts its users at the centre of the project, allowing them to earn and grow with the platform.

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


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Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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