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Among the top meme coins, Bonk, Shiba Inu, Pepe, Dogwifhat and KangaMoon are witnessing continual increases in their respective prices and this is creating a lot of investors excitement. Meanwhile, KangaMoon, which is the newest player among them and the rival of these other memecoins, is anticipated to surpass these other memecoins in percentage increase. Let us find out why.
A hit among cryptocurrencies, KangaMoon (KANG) is making headlines with its practical and astute approach. Participation in weekly, monthly, and quarterly challenges that provide more tokens and in-game items is one unique benefit available to KANG holders.
The exchange of these items on the KangaMoon market increases the actual value of the cryptocurrency. Currently, KangaMoon is 400% up from its initial $0.005 worth and has reached the bonus stage of its presale with a price of $0.025.
Moreover, the BitMart exchange has declared that KANG will soon be listed on its marketplace; CoinMarketCap and CoinGecko have already done so. Still, analysts see a sharp rise in value after KangaMoon's IPO in the second quarter of 2024.
KangaMoon can be bought and promoted on social media by users to start earning tokens and winning prizes right now. KANG owners will get access to the special social-fi model before it is officially released.
The first dog-themed cryptocurrency in the Solana ecosystem, Bonk (BONK), debuted in 2023, and a meme coin frenzy was sparked by its incredible run in the last quarter. It established yet another all-time high (ATH) earlier this year, solidifying its place among the top meme coins. Still, it has been quite the ride. The recent market decline caused it to enter bearish zones and lose several significant price levels.
As some investors lost hope, astute investors kept their cool and braced themselves for the next Bonk price surge. The most recent market rebound has brought about a bullish relief, with the Bonk price moving back up. It has recovered its lost ground, giving investors more assurance. Moreover, the Bonk market cap has also increased by over 13% to reach $2.28 billion.
According to IntoTheBlock data, there was a 73.72% increase in huge whale transactions, with 327 major transactions taking place in a single day. This increase highlights how Shiba Inu is becoming more and more well-liked among whale investors. The fact that 5.58 trillion Shiba Inu coins were obtained by Shiba Inu whales in a single day is an impressive development.
As a consequence, the Shiba Inu coins that whales traded surpassed $145.48 million, making the token one of the most traded in the last few months. Such large acquisitions might aid Shiba Inu in controlling supply problems and maintaining its positive momentum. Despite a 7.5% spike in the Shiba Inu price within the past 7 days, it is still unclear if the trend will continue for the meme coin.
Despite market instability, the frog-themed meme coin Pepe (PEPE) consistently increased in value and got close to the ATH milestone. The previous trading sessions saw a breakout of a rounded bottom pattern. The Pepe price increased by more than 100% this month while trading in an uptrend and exhibiting regular higher high swings.
Motivated by the robust trading activity and notable network expansion of Pepe, investors have demonstrated their desire to purchase Pepe. Moreover, the Pepe price is currently trading at $0.00001343 per token while the Pepe market cap has surged by over 7% to reach $5.65 billion.
The Dogwifhat coin has oscillated sideways during the last two months, resonating inside the triangular patterns' two converging trendlines. The Dogwifhat price movement is heavily influenced by the dynamic support and resistance, which constricts it into a small range. Most people interpret this chart setup as a brief consolidation that occurs when an asset gains enough momentum to maintain the current trend.
An important whale purchase of Dogwifhat coin has been discovered by Lookonchain, an on-chain data watcher. In an attempt to obtain Dogwifhat, the whale made a new wallet and removed 1.83 million USDC from Coinbase. The whale has purchased about 227,896 WIF at an average price of $2.66 with a total expenditure of $606,000 USDC thus far.
Pumping the price of KangaMoon is less expensive because of its relatively small market capitalization compared to other coins in the meme coin space. Furthermore, since KANG is about to be listed on BitMart, analysts anticipate a big price increase that will make it one of the main memecoins to keep an eye on. For this reason, KANG could be able to surpass other top meme coins.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
