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In recent news, Starknet has revised its token unlock schedule after an outcry from its community. Meanwhile, SingularityNet and KangaMoon have become the best altcoins in the market as they hit new milestones.
Starknet (STRK) Changes Token Unlock Schedule
According to a recent tweet, Starkware, the company of the Starknet (STRK) token, revealed that it had taken community feedback and dropped Starknet token unlock from 13.4% to 0.64%. As a result, only 64 million tokens (0.64%) of the total 10 billion StarkNet tokens will be unlocked on April 15th.
Going forward, an additional 64 million tokens will be released each month. However, the monthly token release will increase to 1.27% (127 million tokens) from March 15th, 2025, and continue until March 2027. Interestingly, the Starknet token has responded positively to the news.
The market has seen an increase of 8% as it continues to trade between $1.69 and its all-time high of $3.66. The altcoin had suffered bearish pressure shortly after its launch earlier this week. However, the recent change in its unlock plan has slowed down the selling pressure.
SingularityNet (AGIX) Hits New Highs
SingularityNET (AGIX) has seen a massive increase in activity in recent times as investors turn their attention to the altcoin. According to recent data from Santiment, SingularityNET’s market cap has more than doubled in just one week. That is not all.
In addition, AGIX’s price has increased from $0.298 to $0.7 in just two weeks, a 137% increase. As with Injective in Q4 2023, this price increase illustrates its growing significance in the AI industry.
On-chain transactions have also increased significantly, with big transactions exceeding $1 million per day. In addition, the number of users on the platform has increased. Coins from SingularityNet are currently stored in more than 93,600 wallets. If this keeps up, SingularityNet’s price might reach $5 in 2024.
KangaMoon (KANG) Hits New Milestones
Apart from SingularityNet, KangaMoon (KANG) has also hit new milestones as its crypto ICO continues to make waves. Its native token, KANG, recently skyrocketed 50% to $0.0075. Also, it has raised over $67,250.065 in Stage 2 of its token presale.
This has made the project unique in the meme coin community, rivaling giants like Dogecoin with its utility-focused features and unique token design. Unlike Dogecoin, which has an unlimited supply, the KangaMoon DeFi project was created with a cap of only one billion KANG tokens.
The limited number of KANG tokens adds a degree of scarcity that increases its attractiveness as an investment with the potential for significant future profits.KangaMoon intends to provide more than just another meme coin; it is an interactive platform with a variety of interesting activities.
Incorporating play-to-earn and social-fi components, users may interact with other lovers of meme coins and win valuable prizes through competitions. Another major focus is security. SOLIDProof thoroughly reviews KangaMoon’s smart contracts, guaranteeing a safe haven for user valuables.
In the second stage of its crypto ICO, the KangaMoon token is now trading for $0.0075. This is the ideal time to board the train because experts predict a 220% value gain during the presale. When the DeFi project is finally launched, experts predict gains of up to 100x for early KANG holders.
Conclusion
Rescheduling the token unlocks is how Starknet hopes to lessen market pressure to sell. Meanwhile, SingularityNet and KangaMoon have emerged as the best altcoins in the market, each reaching a new milestone. Investors are optimistic about their potential based on their recent accomplishments.
