Amid the current market recovery, DWF Labs made headlines by depositing a large amount into Gate. According to Odaily, DWF Labs deposited a staggering 5 million tokens worth $725,000, and now owns around 14.67 million tokens. This refers to ongoing transactions and activity in the cryptocurrency market.
Moreover, it highlights the potential for huge returns in the digital asset space. At the same time, the market for meme coins flourished, with many coins adding significant value. Recent increases indicate increased investor confidence and open interest, leading to further growth and expansion. This article will explore the top five meme coins with 100x profits in June.
KangaMoon’s buying frenzy reaches new heights
With its Play-to-Win elements, GameFi’s SocialFi and pre-sale performance, KangaMoon has drawn attention in the broader market amid the current coin mania. At its core, KangaMoon offers a platform that allows users to participate in fun-filled challenges and tournaments and, as a result, have a chance to win rewards.
Remarkably, its native token will serve as a reward incentive and in-game currency. Players and traders will use KANG Tokens to access exclusive games, create and upgrade Kangaverse characters, and purchase in-game items from the Market. Beyond the ecosystem, KangaMoon’s strong pre-sale performance also fueled the buying frenzy.
For context, KangaMoon has raised over $7.4 million in pre-sale revenue and is now targeting the $9 million mark. Additionally, it has recorded a 400% ROI in price terms, with over 32,000 users and around 10,000 holders. With the NFT Gaming Play-To-Earn industry expected to generate $8,856.95 million by 2028, experts are pointing to massive gains in the value of KANG, cementing its place among the best cryptocurrencies to invest in.
Furthermore, with the listing of CoinMarketCap and CoinGecko, analysts see the price of KANG jumping to $0.5 from its current price of $0.025, making it a promising memecoin to buy now. With increased investor interest, as well as a smaller market cap, inflating KANG’s price will be less expensive. Many experts are of the opinion that KANG rose to more than $1 after it was listed on the BitMart Exchange.
Dogecoin is on the road to recovery — outperforming SHIB and ETH
Another meme coin making waves in the market is Dogecoin. The dog-themed meme has seen a major rebound following Elon Musk’s tribute to Kapuso, moving towards the $0.17 mark. The rising price of Dogecoin has attracted open interest and increased market activities in the ecosystem, making it among the best coins to buy right now.
Looking at its technical indicators, Dogecoin price is trading above the 50 EMA, indicating positive sentiment. Moreover, its relative index is also trending higher, indicating further potential upside in the short term. Additionally, Dogecoin saw a rise in trading volumes, reflecting increased buying pressure.
On the other hand, Ethereum has stabilized, recording slight gains on the charts, while Shiba Inu is still struggling to break out of the current price range. Many analysts see Dogecoin as among the best cryptocurrencies to invest in right now.
Pepe Crypto topples Uniswap in the market cap ranking
In a redistribution move, the frog-themed Pepe meme reached a market cap of $7.08 billion, surpassing that of Uniswap. The bullish development has pushed Pepe coin’s market cap ranking to 19th place, according to CoinMarketCap data. Remarkably, the shift in its position underscores the growing visibility and acceptance of the meme coin in the broader cryptocurrency market.
The bullish news has also led to a significant price surge over the past few days. Pepe coin is trading above its 100 and 200 day EMA, indicating that the bulls are controlling the market. Therefore, experts have given a positive forecast for the Pepe coin price, indicating that the frog-themed meme coin is poised for further gains in the coming weeks. Hence, Pepe is among the best cryptocurrencies you can buy right now.
However, Pepe coin is likely to exhaust its uptrend and consolidate the 40% price correction. The bearish divergence is similar to the 40% crash in January, which was followed by a marked divergence between its rising price and falling RSI trends.
Floki introduces the Telegram trading bot — with FLOKI prices soaring
Another meme coin to watch in 2024 is Floki. The meme coin has seen a strong performance in the market over the past few days. Floki’s price rise has been attributed to several factors, including the Coinbase listing, network development, and overall bullish market trends. Several bullish Floki news boosted the liquidity of the meme coin.
Floki Network recently announced the launch of a Telegram trading bot that will allow holders to trade any cryptocurrencies on the BNB Chain network. After becoming the most popular coin on Binance, Floki is now the number one token on OKX. The meme coin is the best cryptocurrency investment as it continues to break records and set new standards.
Its technical indicators indicate that Floki is poised for further growth. Thus, many experts are bullish on Floki, making it among the best cryptocurrencies of 2024.
Dogwave price develops triangle pattern formation – WIF highs
Another dog-themed meme coin you can see in the market is Dogwifhat. Solana-based meme coin defied the odds and posted a bullish week in an uncertain market. The recent price rise has been attributed to overall bull market trends caused by rising Ethereum prices. The upward trajectory of Dogwifhat is developing in a triangle pattern formation.
This pattern usually reinforces long-term recovery trends. As Ethereum continues to hit new highs, the Dogwifhat meme coin points to the possibility of a higher recovery. The meme has been trading through sideways channels for several months, echoing the converging trend lines of this pattern.
The two trend lines are like resistance levels that support the narrow space in the triangle, which could lead to a decisive breakout. From this standpoint, Dogwifhat is among the best currencies to invest in 2024.
Conclusion
As the cryptocurrency market recovers after months of price correction, meme coins have taken center stage, recording massive gains in value with the potential to grow by 100x in June. While all of the above memes are among the best cryptocurrencies to invest in right now, KangaMoon has the greatest potential to generate 100x profits.
Interestingly, the KANG token has a low market cap, which, when added to a smaller number of funds, can lead to a exponential increase in its value. Hence, the best cryptocurrency for 100x profits in June. Remember to conduct extensive research before accumulating any crypto assets in the market.
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Website: https://kangamoon.com/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the site are likely scams, i.e. they are designed to induce you to invest financial resources which may be lost forever and cannot be recovered once investments have been made. You are responsible for doing your own research (DYOR) before making any investments. Read more here.