In the current meme market, many traders are gravitating towards Bonk (BONK) and Pepe (PEPE) after their recent rally. New meme coin KangaMoon (KANG) is also making headlines as many analysts see the rising pre-sale star as one of the next meme giants. They even hint at a potential value of $1 for it in 2024 – let’s see why.
Bonk (BONK): Start a new community proposal
Recently, Bonk (BONK) has been trading in the green. Over the past week alone, the value of the Bonk cryptocurrency has risen from $0.000016 to $0.000020. Its market capitalization rose from $1.10 billion to $1.35 billion during that period. This price rise came after some bullish Bonk news. Notably, Bonk revealed a new proposal to burn 280 million BONK from its treasury.
From a technical analysis perspective, this bullish trend for Bonk Bank may continue. For example, this meme coin is trading above its 21- and 50-day moving averages (EMA). In addition, 23 technical indicators flash green. For this reason, experts in the cryptocurrency field expect a possible jump to $0.000033 during the second quarter of 2024 for Bonk.
Pepe (PEPE): Trading in the green after Coinbase announcement
Meanwhile, Pepe (PEPE) is another meme coin that has been making waves in this market. It is worth noting that the value of the Pepe coin rose from $0.0000056 to $0.0000064 in the past seven days, and its market value jumped from $2.37 billion to $2.69 billion. This increase can be attributed to Coinbase’s announcement of the launch of Pepe futures trading.
Although this launch was later postponed, the value of this meme coin continued to rise. Currently, Pepe is trading above its 21- and 50-day moving averages (EMS), while 21 indicators are in green. Thanks to all this bullish news for Pepe, leading market analysts are predicting a rise to $0.0029 before the end of the second quarter of 2024, making it one of the coins to keep an eye on.
KangaMoon (KANG): To dominate the coin market
Among the hype generated by Bonk and Pepe, KangaMoon (KANG) could be a game-changer in the coin space. This new project aims to tap into the Play-to-Earn (P2E) gaming market, which will be worth US$885 million by 2028. Furthermore, KANG brings something new to the meme coin market – actual utility.
Unlike 99% of coins like Bonk and Pepe, KANG will be the in-game currency for KangaMoon’s upcoming P2E game. With KANG, players can purchase in-game items and upgrade their characters. Additionally, KangaMoon provides weekly, monthly and quarterly challenges to obtain additional tokens and in-game items (exclusively for KANG holders).
Additionally, before its official launch, KangaMoon is rewarding KANG tokens to its most active users to boost community engagement. That’s why over 29,000 community members now interact with KangaMoon’s social media posts by liking, sharing, and commenting.
Currently selling for just $0.0196 during the Phase 5 pre-sale, early buyers have seen a 290% return on investment. Experts are optimistic about KangaMoon’s potential for future growth, especially in the P2E gaming industry. They expect it to reach $1 once it hits tier-one exchanges in the second quarter of 2024. This prediction makes KANG one of the top new meme coins.
Will Kanga Moon surpass Punk and Baby?
While Bonk and Pepe continue to rise, KangaMoon has the potential to overtake them. This is because KANG has a low market capitalization of $19.6 million, which means it needs less new money for its price to rise. Therefore, more than 5,800 individuals are now KANG holders, and are eagerly awaiting the next increase. If you want this game-changing meme coin, buy it now and get a 10% bonus.
Discover exciting pre-sale opportunities for KangaMoon (KANG) today!
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