Memecoins
Memecoin Season Heating Up As Trading Volume Surges: Best Memecoins to Amplify Your Gains
The memecoin market is heating up, as trading volume increased by 20% on a daily basis during the latest trading sessions according to CoinGecko dataresulting in a notable level of growth and increased attractiveness for a variety of different memecoins.
As a result, traders have started keeping an eye on this part of the industry for diversification and are now looking for meme coins that can provide them with huge returns on their investments. Among the many available, some key cryptocurrencies in the meme coin category that are expected to increase in value include KangaMoon (KANG), Floki (FLOKI), Dogwifhat (WIF), Shiba Inu (SHIB), and Dogecoin (DOGE). To see which of these has the highest growth potential, we’ll look at the data on the chart and the underlying technology individually.
Top 5 Memecoins to Get When Trading Volume Increases and Amplifies Your Portfolio Gains
To see how far each memecoin can rise, we will take an in-depth look at their price performance and overall functionality. Ultimately, we will determine which memecoin can reach the maximum in terms of growth.
1. KangaMoon (KANG)
KangaMoon (KANG) is a pre-sale project that has emerged as one of the major players in the memecoin space as it completely redefines this part of the industry with real token utilities and various use cases.
The platform introduces Social-Fi elements, a community-driven approach and Play-to-Earn (P2E) features, through which anyone can access various rewards. Players take control of a character and can then engage in tournaments and battles, or watch and place bets on who will be the winner. In this way, KANG tokens can be accumulated, which can be used in the dedicated marketplace where anyone can buy or sell NFTs. The team also led a strategic partnership with RaidSharks to increase overall engagement.
Furthermore, the KANG token has reached over 20,000 users, even before its launch, and although it has already raised over $6 million, at this rate it could raise over $7 million thanks to increased demand and interest in the project. Subsequently, the KANG token also rose from $0.005 to $0.0196, marking a price growth of 290%. As a result, analysts are now predicting a 100x price increase following its launch and major stock market listings, positioning it as one of the best meme coins to buy now.
2. Floki (FLOKI)
Floki (FLOKI) is a popular memecoin created after Elon Musk’s dog that shares the same name. However, since its launch, the cryptocurrency has evolved into a full-fledged Web3 project that has its own ecosystem and is one of the main competitors in the industry. Over the last year the price of Floki has increased by 359%. Furthermore, in the last two weeks, the Floki cryptocurrency has seen a price increase of 13.3%, and in the space of a week it went from a low of $0.00016 to a high of $0.0002036. As a result, sentiment about its future is bullish, and according to Floki’s price prediction, it could end 2024 at $0.000380, making it one of the best meme coins to invest in.
3. Dogwifhat (WIF)
Dogwifhat (WIF) is a popular cryptocurrency created in 2023, based on the Doge meme. It is based on speculation, but the WIF format is also a way through which private keys for Dogwifhat crypto wallets can be stored.
As for Dogwifhat’s price action, the cryptocurrency has seen a strong uptrend over the past week, rising from $2.51 to a high price of $3.54. Furthermore, in the last 5 months, it has increased by 162,671.14%. At this rate, it can further increase its value and become one of the largest memecoins, as according to Dogwifhat’s price prediction, it can end 2024 at $5.02, positioning it as one of the best meme coins to invest in.
4. Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the largest meme coins in the industry and features a vast ecosystem, including the Shibarium Layer-2 scaling solution which has seen a lot of activity after its launch. It was developed by an anonymous founder known by the pseudonym Ryoshi and was originally released in August 2020.
Furthermore, the price of the Shiba Inu has increased by 124.8% year to date (YTD), showing a bullish attitude on the charts. As for the latest price action of the Shiba Inu cryptocurrency, it recorded a weekly increase from $0.0000232 to a high price of $0.00002738. According to the Shiba Inu price prediction, it could end the fourth quarter of 2024 at $0.000054, making it one of the best meme coins to invest in.
5. Dogecoin (DOGE)
Dogemoneta (DOGE) is the oldest and largest memecoin on the market by market capitalization. It uses open source peer-to-peer (P2P) technology and was created as an alternative to traditional cryptocurrencies in 2023. Over the past year, the price of Dogecoin has seen an increase of 68.8%, indicating that it has not slowed down at all with its growth.
Furthermore, in the last week alone, the Dogecoin cryptocurrency has seen a price increase from $0.1378 to $0.1634, and at this rate it has the potential to see much more substantial gains later this year. According to Dogecoin price prediction, it could end 2024 at $0.3242, making it a leader in the meme coin market.
Bottom line: Why these top 5 Memecoins can provide massive ROI in 2024 and beyond
While there are thousands of memecoins to choose from, not all of them can post substantial gains or lead the next bull market rally in the memecoin sector. Among these, Floki, dogwifhat, Shiba Inu, and Dogecoin have historically stood out as dominant and proven forces. However, those looking to diversify their holdings to get the highest possible returns on their investments are jumping into KangaMoon, as it has already seen a massive price increase and can rise significantly and become a market leader in 2024 and beyond, making it one of the best meme coins to buy now.
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