Memecoins
Bonk, KangaMoon and Shiba Inu rise as memecoins dominate the market
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Bonk, KangaMoon and Shiba Inu rise as meme coins capture the attention of the cryptocurrency market with notable growth in value and promising futures.
Meme coins are becoming more and more dominant in the meme coin market. Current patterns show that Bonk (BONK), KangaMoon (KANG) and Shiba Inu (SHIB) are increasing in value and igniting the interest of global traders. While BONK and SHIB are among the titans of meme coins, KANG is a newbie now in phase 5 of its pre-sale and could become the next $1 cryptocurrency in 2024.
Bonk’s price sees a 70% jump.
Recently, Bonk (BONK) has been riding a bullish wave. According to data from CoinMarketCap, the price of BONK has risen from $0.000015 to $0.000025 over the past seven days, an increase of nearly 70% in that short period. During that time, Bonk’s market capitalization increased from $982 million to $1.67 billion.
From a technical analysis perspective, this bullish trend for this meme coin could continue. For example, the Bonk coin is now trading above its 21-day and 50-day EMAs. Furthermore, over 23 technical indicators show buy signals for this meme coin. For this reason, experts in the cryptocurrency field have made a bullish prediction of Bonk’s price, reaching $0.000039 by the second quarter of 2024.
KangaMoon becomes one of the best memecoins to invest in
KangaMoon (KANG) is gaining popularity in the meme coin market as it has achieved a 290% ROI for early buyers. This pre-sale raised over $5.9 million, with an estimated goal of $6 million before the end of April 2024. Additionally, KangaMoon partnered with RiotSharks to introduce raids and a $1,000 monthly prize pool, which increased the enthusiasm among people.
Unlike 99% of meme coins, KangaMoon has real utility and is not driven by hype. This meme coin will be used as the primary in-game currency for KangaMoon’s upcoming Play-to-Earn (P2E) game. This will allow players to purchase in-game items and upgrade their characters’ abilities using KANG Tokens.
What sets Kangamoon apart is that it firmly believes in community involvement. For example, the most active community members can earn free KANG tokens before its official launch. This move alone demonstrates why KangaMoon has managed to attract more than 20,000 registered users who share and like KANG’s social media posts.
In Phase 5 of the presale, this meme coin is worth just $0.0196, a 290% increase from the initial price. Analysts have pointed out that KANG has ties to the P2E gaming market, which could reach $885 million by 2028. This means it is highly resilient and its long-term growth potential is stellar. Therefore, they expect growth to $1 once this meme coin reaches level 1 trading in Q2 2024.
Shiba Inu maintains its position as one of the best memecoins
Shiba Inu (SHIB) is another meme coin on an upward trajectory. CoinMarketCap data shows that the price of the Shiba Inu increased from $0.000022 to $0.000025 in the last week alone. The market capitalization of this meme coin also grew from $13.44 billion to $14.79 billion in that period. This jump can be attributed to Lucia’s tweetwhich revealed what will happen to SHIB in 2024/25.
The technical analysis of the Shiba Inu coin also shows bullish signs. For example, 21 technical indicators are in the buy zone for this meme coin. Therefore, market analysts expect an increase to $0.000039 by the second quarter of 2024 in their Shiba Inu price forecasts.
Bonk vs. KangaMoon vs. Shiba Inu
KangaMoon, compared to Bonk and Shiba Inu, has a much lower market capitalization of just $19.6 million. This means it could increase in value quickly without needing a lot of new funding. As a result, KANG is the dominant force in the meme coin market. Interested investors can register for the presale now and get a 10% bonus.
To find out more about this project, visit the KangaMoon presale site OR join the community.
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