While Dogecoin has been a mainstay in the meme coin space and endorsed by Elon Musk, some new meme coins are emerging, ready to slug it out. One such meme coin is KANG which has maintained a meteoric rise since the start of the year. Early adopters of this token have already made up to 400% as the token continues to appreciate. With the bull market incoming, KangaMoon is expected to produce a more bullish performance.
Dogecoin Price Projected To Surge in the Coming Months
After a significant drop that has characterized Dogecoin’s price in the past few months, Dogecoin has reached a key support level that may pave the way for subsequent upswings. Although the token has an increase of 98% over the past year, its monthly record of 16% drop shifted the momentum to the bearish sentiments. However, Dogecoin is in a critical support zone, which may prevent further price drop.
With the coming months expected to align with the bull market, the Dogecoin token may likely experience a price improvement. Furthermore, the Dogecoin relative strength index (RSI) is getting closer to the 44.4 threshold, which analysts observed is nearing the oversold area. With Dogecoin trading volume experiencing a spike in the past few weeks, analysts have pushed up their Dogecoin price prediction to $0.5 for 2024.
KangaMoon – One of the Meme Coin Titans That Can Hit $1
While Dogecoin reaching a key support level may signify a potential price reversal, KangaMoon’s attractive qualities made it one of the meme coin titans. KangaMoon has a long-term vision of becoming the kingmaker in the billion-dollar play-to-earn gaming market. As a result, the platform is building a resilient, utility-backed meme coin, giving it an edge over many of its contemporaries.
While many meme coins have no utility, KangaMoon combines two: GameFI and SocialFi, thereby creating a stronger community. The platform allows users to earn through these two functionalities. While a fraction of the tokenomics will be used to reward players as in-game benefits, another fraction will be given as free tokens to active users across the platform’s social media campaigns.
The outcome of these nice initiatives has seen KangaMoon gain grand recognition within the meme coin space. With community participants exceeding 25,000 and active holders exceeding 6,000, KangaMoon has raised $6.6 million in presale, indicating the project’s wide acceptance among investors. In terms of ROI, KangaMoon is one of the top meme coins that has returned 400% profit to early buyers.
The KANG token is sold for just $0.025. The KangaMoon ROI is already staggering, but a surge of 1000% may be on the way. Analysts believe once KangaMoon ends the presale and launches, the token will be picked up by many CEX exchanges. As a result, KangaMoon remains one of the top meme coins to invest in now with a potential to reach $1.
Conclusion
Truly, Dogecoin may have the footprint of Elon Musk writing over it, but KangaMoon’s potential may surpass it. With the Dogecoin market cap going above $20 billion, investors are likely to make less profit compared to KangaMoon with a very low market cap. This makes KangaMoon the best meme coin to invest in 2024.
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