Memecoins
Memecoins Fuel Crypto Boom After Bitcoin Halving, Here Are The Ones To Watch
In the crypto market, meme coins are leading the charge after the Bitcoin halving. Five stand out: KangaMoon (KANG), Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF) and Pepe (PEPE). Today we will take a look at their performance on the price charts and how they might be faring. Let’s get started.
1. KangaMoon (KANG): One of the Next Coins to Explode
First on our list of best coins is KangaMoon (KANG). This pre-sale sensation soared 290% and grossed over $5 million. Not only that, but it is on track to reach $6 million before the end of April 2024. Clearly, global traders are interested in this meme coin, as over 5,800 people now hold KANG.
What makes KangaMoon so appealing is that it differs from 99% of meme coins. Notably, KANG will have real use as it will be the main in-game currency for KangaMoon’s upcoming Play-to-Earn (P2E) game. With this meme coin, you can purchase in-game items, upgrade your characters, or even access exclusive challenges for additional tokens.
Additionally, KangaMoon gives its most active community members free KANG tokens before its official launch. So, more than 20,000 registered community members rush to share/comment/like KangaMoon’s posts on social media. With this development, KangaMoon could get the most active community in the meme coin space.
One KANG only costs $0.0196 as it is in stage 5 of its pre-sale, representing a 290% ROI for first-time buyers. But given its ties to the P2E gaming market, which is expected to reach $885 million by 2028, its long-term growth potential is enormous. In fact, experts predict a 50x increase once a Tier 1 CEX lists it in the second quarter of 2024, making KANG the best meme coin for investing in the post-Bitcoin halving.
2. Dogecoin (DOGE): the original coin
Next, we have to talk about Dogecoin (DOGE), one of the titans of meme coins. In the last month alone, the Dogecoin Price saw growth from $0.15 to $0.16. During this period, its market capitalization also increased from $22.19 billion to $23.05 billion. Crypto analyst Ali Martinez predicts that this meme coin has broken through its descending triangle pattern and will soon reach $1.
Additionally, technical analysis of the Dogecoin crypto paints an optimistic picture. For example, it is now trading above its 100 and 200 day EMAs. As a result, crypto analysts have made a bullish prediction for the price of Dogecoin. They forecast an increase to $0.23 in Q2 2024 for Dogecoin.
3. Shiba Inu (SHIB): another member of the Meme Coin Titans
Shiba Inu (SHIB) also earned a spot on our list of best meme coins to buy. In the last week alone, the Shiba Inu Price went from $0.000023 to $0.000027. Its market capitalization increased from $13.46 billion to $15.93 billion during this period.
From a technical analysis perspective, Shiba Inu coin could continue to rise. Notably, 27 technical indicators are now green for Shiba Inu. For this reason, market analysts predict that the Shiba Inu price could reach $0.000040 before the end of the second quarter of 2024.
4. Dogwifhat (WIF): a coin that climbs 30%
Dogwifhat (WIF) is another meme coin that soared by half after Bitcoin’s reduction. In fact, the Dog Price has skyrocketed from $2.30 to $2.92 in the last 30 days, a jump of 30%. Its market capitalization increased from $2.38 billion to $2.92 billion during this period.
Technical analysis of the Dogwifhat crypto also shows a bullish future. For example, there are now 12 green technical indicators for Dogwifhat. As a result, experts have made a bullish prediction for the Dogwifhat price. They forecast an increase to $3.69 for Dogwifhat in Q2 2024.
5. Pepe (PEPE): continues its upward trajectory
Finally, we will mention Pepe (PEPE). This meme coin is also trading in the green since the Bitcoin halving event. Coin marketCeiling data shows that Pepe’s price rose from $0.0000054 to $0.0000065 in the last week alone. The market capitalization of this meme coin increased from $2.27 billion to $2.74 billion during this period.
From a technical analysis perspective, this bullish trend for Pepe coin could continue. Currently, 23 technical indicators are green. Thus, market analysts remain bullish on Pepe. In their Pepe price prediction, they predict a rise to $0.0029 before the end of Q2 2024. Because of this, Pepe could become a dominant force in the coin space.