Memecoins
Bonk, KangaMoon and Shiba Inu advance as memecoins dominate the market
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Bonk, KangaMoon, and Shiba Inu are popping up as meme coins capture the crypto market’s attention with remarkable value growth and a promising future.
Meme coins are becoming more and more dominant in the meme coin market. Current trends show Bonk (BONK), KangaMoon (KANG), and Shiba Inu (SHIB) increasing in value and attracting interest from global traders. While BONK and SHIB are among the coin titans, KANG is a rookie now in stage 5 of its presale that could become the next $1 crypto in 2024.
Bonk price increases by 70%
Recently, Bonk (BONK) has been riding a bullish wave. According to data from CoinMarketCap, BONK price rose from $0.000015 to $0.000025 in the last seven days, a jump of almost 70% in this short period. During this period, 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, Bonk coin is now trading above its 21 and 50 day EMAs. Additionally, over 23 technical indicators show buy signals for this meme coin. For this reason, experts in the crypto field have made a bullish prediction for the price of Bonk, reaching $0.000039 in 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 presale raised over $5.9 million, with an estimated goal of $6 million before the end of April 2024. Additionally, KangaMoon has partnered with RiotSharks to introduce raids and a pool of monthly rewards of $1,000, which increased people’s enthusiasm.
Unlike 99% of meme coins, KangaMoon has real utility and is not driven by hype. This meme coin will be used as the main in-game currency for KangaMoon’s upcoming Play-to-Earn (P2E) game. This will allow players to purchase in-game items and upgrade their character’s abilities using KANG Tokens.
What sets Kangamoon apart is that it strongly believes in community involvement. For example, the most active community members can earn free KANG tokens before its official launch. This move alone shows why KangaMoon has managed to attract over 20,000 registered users who share and like KANG’s posts on social media.
At stage 5 of its presale, this meme coin is worth just $0.0196, an increase of 290% from its starting price. Analysts pointed out that KANG has ties to the P2E gaming market, which could reach $885 million by 2028. This means it is very resilient and has exceptional long-term growth potential. So, they expect growth to $1 once this meme coin hits Tier 1 exchanges in Q2 of 2024.
Shiba Inu maintains its position among the best memecoins
Shiba Inu (SHIB) is another meme coin on an upward trajectory. CoinMarketCap data shows that the Shiba Inu price increased from $0.000022 to $0.000025 in the last week alone. The market capitalization of this meme coin also increased from $13.44 billion to $14.79 billion during this period. This jump can be attributed to Lucie tweetswhich revealed what awaits SHIB in 2024/25.
Technical analysis of Shiba Inu coin also shows bullish signals. For example, 21 technical indicators are in the buy zone for this meme coin. Thus, market analysts predict an increase to $0.000039 in the second quarter of 2024 in their Shiba Inu price forecast.
Bonk vs. KangaMoon vs. Shiba Inu
KangaMoon, compared to Bonk and Shiba Inu, has a much lower market capitalization of only $19.6 million. This means that its value could grow quickly without needing a lot of new funds. As a result, KANG is the most dominant force in the meme coin market. Interested investors can register now for its presale and benefit from a 10% bonus.
To find out more about this project, visit the KangaMoon pre-sale site Or join the community.
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