Memecoins
Dogecoin and Dogwifhat Prices Rise; KangaMoon hype rises in the meme coin space
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As Dogecoin and Dogwifhat continue to show green price charts, many traders are increasingly interested in KangaMoon presale.
The meme coin market has seen recent growth. Dogecoin (DOGE) and Dogwifhat (WIF) prices have risen sharply as market sentiment is positive. Meanwhile, the pre-sale buzz for KangaMoon (KANG) has only added to the excitement. Many analysts have considered this Phase 5 presale star as the next 50x meme coin in 2024. Let’s see why.
Arthur Hayes will focus on Dogecoin
Dogecoin has recently made waves in the meme coin space. Cryptographic analyst Arthur Hayes announced it which would focus on Dogecoin, among other cryptocurrencies. He says DOGE is among his favorite crypto reserve assets.
Talking about the price movement of Dogecoin, it has jumped by over 75% in the last year alone, while its market capitalization has remained at $19.79 billion. Not only that, there are now ten technical indicators in the buy zone for the Dogecoin cryptocurrency. As a result, experts have made a bullish prediction for the price of Dogecoin. They predict a potential rise to $0.17 for this meme coin before the end of the second quarter of 2024.
Kraken reveals a new edge pair for Dogwifhat
Dogwifhat is another meme coin that shows an upward trajectory. There have been some interesting developments like Kraken revealed a new margin pair for WIF/USD and placed a long/short position limit of 14000 on this Dogwifhat pair.
Over the past 12 months, Dogwifhat’s price has increased by 1,600% while its market capitalization has remained at $2.94 billion. Additionally, over 13 technical indicators flash green for Dogwifhat crypto. For this reason, market analysts predict that Dogwifhat will reach a value of $3.39 by the second quarter of 2024.
KangaMoon pre-sales are gaining traction
KangaMoon presale became a hot topic in the meme coin market during the Dogecoin and Dogwifhat craze. Traders are waiting for the chance to buy the KangaMoon token, as their enthusiasm is at its peak. This rising pre-sale star has already raised over $6 million and is on track to reach $7 million before the end of May 2024.
Unlike 99% of meme coins, KANG will have actual utility. It will be the primary in-game currency for KangaMoon’s upcoming P2E game. This meme coin allows you to purchase in-game items and improve your characters. KangaMoon revealed that KANG owners will have access to exclusive challenges for extra tokens or rewards.
KangaMoon also focuses on giving back to its community. In other words, KangaMoon is now offering this meme coin for free to the most active members of the community. Therefore, over 20,000 registered community members now like and share KangaMoon’s social media posts to earn KANG before its official launch.
One KANG costs just $0.0196, a 290% increase from the starting price. However, this is a Phase 5 pre-sale price and further price increases will occur as it progresses. Experts expect a 50x increase once a Level 1 CEX lists this meme coin in Q2 2024. Given its ties to the P2E gaming market, which could reach $885 million by 2028, this price prediction seems possible.
Will KangaMoon Overtake Dogecoin and Dogwifhat?
KangaMoon could outperform meme coin titans Dogecoin and Dogwifhat due to its low market capitalization of $19.6 million. This means that KANG will see faster price increases as this requires a lower limit. Therefore, more people are likely to buy it as they seek quick returns in the meme coin space. If you are interested, sign up for the presale and get a 10% bonus.
To find out more about this project, visit the KangaMoon website OR join the community
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