Memecoins
the race between Pepe Coin and Kangamoon
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Pepe and KangaMoon, two meme coins, are making waves in the cryptocurrency sphere with their rise in value.
Pepe (PEPE) has seen a notable increase in value over the past few trading sessions, as it is up 2,679.4% year to date (YTD) and has increased positive market sentiment for the broader meme coin space alongside Now. Furthermore, another 290% increase was recorded by the KangaMoon (KANG) meme coin, which is still in the pre-sale stage.
As a direct result of the bullish momentum of both meme coins, many are speculating whether KANG has the potential to surpass Pepe. To see which can achieve the most notable growth, provide the highest ROI in 2024, and become a promising meme coin to buy, we will look at both meme coins individually.
Pepe rises 2,679.4% amid crypto price rally
Pepe has seen an increase in value over the past year, leaving many investors and traders curious about its future price potential. Over the past year, the Pepe coin price increased by 2,679.4%, indicating an encouraging price rally.
Furthermore, the Pepe cryptocurrency increased by 14% in just one week and increased in value from $0.000004037 to a high of $0.000009177 over the past 30 days. With its current growth rate, it is expected to see positive momentum, and these can be attributed to the overall bullish trend of the market, the return programs that characterize the Pepe cryptocurrency, and investor interest in memecoins. Based on Pepe’s price prediction, 2024 could end at $0.0029.
KangaMoon grows 290% and could reach $1 by Q4 2024
KangaMoon is another cryptocurrency that has seen a 290% price rally, despite only being in phase 5 of its blockchain ICO. This meme coin has also caught the attention of Pepe coin holders because it completely changes the meme coin space as it offers a vast level of utility.
KANG is worth just $0.0196 and has risen from a starting price of $0.005, providing a promising entry point for those aiming to diversify their holdings on a limited budget. Additionally, the platform has seen over 20,000 registered users despite not yet fully launching, and there are over 6,000 KANG holders.
The KangaMoon ecosystem allows anyone to take control of a character and engage in Play-to-Earn (P2E) gaming. Through the KANG token, anyone can purchase items and level up their characters to become more powerful. The platform also focuses on a community-driven approach and Social-Fi elements, making it a meme coin that has the potential to dominate the P2E space, a market expected to grow to $885 million by 2028. According to analysts, KangaMoon can increase in value to as high as $1 by the fourth quarter of 2024, positioning it as one of the most promising memecoins on the market.
Summary
Pepe has rallied during the last few trading sessions, but on the weekly chart it has risen by a much smaller percentage, which could suggest that its bull run may soon be coming to an end. Meanwhile, the KangaMoon cryptocurrency has just started to rise, and at this rate, it could be one of the projects to diversify into as it prepares to reach new heights.
To find out more, visit the official page Kangamoon website or follow the project via Telegram.
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