Memecoins
SocialFi Memecoin Kangamoon dominates headlines with listing announcement, surpasses Ondo and THORChain » The Merkle News
As more and more memecoins are continually developed, expanding the meme coin market which is currently valued at approximately $54.48 billion, the SocialFi meme coin KangaMoon is dominating the headlines due to BitMart’s recent announcement that KANG will soon be listed.
Despite the increased trading volume of Ondo and the positive analysis evident on the THORChain price chart, KangaMoon outperforms these coins. Let’s find out why.
Ondo price analysis
The price of Ondo is currently trading at $0.86 per token, having increased by more than 10% in the last 7 days and by more than 6% in the last 30 days. Furthermore, Ondo’s 24-hour trading volume significantly increased by more than 50% to reach $204.8 million.
Meanwhile, a pennant bullish breakout in Ondo it is verified on the D1 timeframe. Holders of the coin expect a rally in the coming days as Ondo continues to show signs of bullish momentum.
THORChain Price Analysis
After approximately a week-long period of adverse price activity, during which the valuation fell by 17.65%, there was a notable increase in buying/selling pressure on the THORChain price, indicating a bullish reversal for the coin . After earning almost 10% This week, the THORChain token is testing its significant resistance level of $6.6, the outcome of which is unknown.
A strong reversal in the price movement is further highlighted by the Relative Strength Index (RSI) beyond the midpoint, which shows a notable gain in the THORChain price chart. Furthermore, the averages in the D1 time frame show a bullish curve, indicating that the price will continue to rise in the near future. The bulls could reclaim the $8.25 upper barrier if the market pushes the price above its $6.6 resistance level.
KangaMoon (KANG) is one of the best new meme coins to invest in
In the meme coin market, KangaMoon (KANG) is making waves with its unique approach. KangaMoon places a higher priority on creativity and usability than other memecoins. KangaMoon is not just an advertising coin; is the in-game currency for a play-to-earn (P2E) game.
Additionally, KangaMoon owners are entitled to exclusive benefits including bonus tokens and in-game items, as well as weekly, monthly and quarterly competitions. The value of the token further increases when these items are traded on the KangaMoon ecosystem.
In the bonus phase of the presale, KangaMoon tokens are now selling for $0.025 each. With analysts predicting a potential 1,000% increase in value upon listing, this is the perfect time to join KangaMoon as the BitMart exchange has just announced that KANG will soon be listed. Through purchasing KANG tokens and promoting them on social media, investors can start earning KANG tokens.
Can KangaMoon surpass Ondo and THORChain?
With a market capitalization of $19.6 million, much lower than its peers, KangaMoon needs less new money to boost its prices. It may be able to compete with Ondo and THORChain due to this advantage. The current presale of KANG, one of the best meme coins to invest in, is something not to be missed.
Discover exciting KangaMoon (KANG) presale opportunities today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial
Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full information Here.