Recently, one savvy cryptocurrency investor was in the news after turning a modest $861 investment in Solana-based memecoin into an impressive return of over $657,000. This particularly impressive investment involved the investor purchasing 86.55 million of the Mother Iggy meme token, $MOTHER, by selling 5.14 SOL tokens. This $MOTHER purchase made up a whopping 8.66% of the total supply.
Later, this meme investor made $509,000 by selling $80.41 million MOTHER tokens for 3,035.5 SOL tokens, as noted by Lookonchain on X (formerly Twitter). Currently, this investor owns 6.14 million MOTHER, worth $148,000, highlighting the potential for an incredible return when it comes to investing in the meme coin market.
Even more promising for the meme coin space is the pre-sale market which is currently filled with unique upcoming projects like KangaMoon (KANG), the latest meme-backed GameFi and SocialFi project. For investors looking for similar opportunities as the premium profits made with $MOTHER, coins like KangaMoon, Dogwifat, Pepe Coin, Floki token, and GameStop Token show strong potential for significant growth this year. Let’s explore these meme coins.
KangaMoon (KANG) has already boosted its potential with a 400% ROI and two official listings
Of all the meme coins that can be expected in the premarket, KangaMoon (KANG) is arguably the most unique because it comes with an attractive and fun incentive model capable of generating daily returns. KangaMoon’s featured project is a play-for-profit gaming platform with SocialFi incentives built into the platform for more engagement and additional earning opportunities.
After completing five pre-sale phases and now an additional pre-sale phase, KangaMoon has finally received two official listings on both CoinMarketCap and CoinGecko. In addition to this feat, KangaMoon has two more top-tier listings waiting for it, especially with BitMart and Uniswap. In the current reward pre-sale, KangaMoon has also exceeded meme market expectations with over $7.5 million USD raised and set sights on $8 million USD by the end of June.
Joining the KangaMoon milestones, the native KANG token also saw an impressive price rise, with early buyers of the coin recording a 400% return on investment (ROI). This estimate shows a jump from the initial offer price of $0.005 to $0.025 at the current stage; However, the price of KANG is still expected to rise further when it finally launches on the GameFi market. As such, experts believe it could reach $1 by the end of the year and will likely rank among the top meme currencies this year.
In an effort to expand its adoption ahead of the imminent launch, KangaMoon recently partnered with RaidSharkBot with the goal of increasing its community engagement by offering raids, challenges, and a cash prize. Currently, KangaMoon boasts a rapidly growing community of 32,000 registered members consisting of approximately 10,000 acquiring owners. Due to its unique features and high potential, KangaMoon holds a strong place among the top meme coins to watch in 2024.
Dogwifat (WIF) has risen in popularity quickly, but is approaching a new ATH again
Dogwifhat token is the Solana token that took back the meme space when it launched in November 2023. Thanks to huge community support and with the help of Solana’s superior network capabilities, Dogwifhat was able to raise the value of its token by more than 2,150% . Additionally, Dojoyvat has grown to become the fourth largest meme coin by market cap.
For about a week, Dogwifhat has maintained an upward streak as it approaches a 30% increase, with efforts to reach its all-time high price of $4.83. The recent positivity surrounding the Dogwifhat token has increased its chance of ranking among the best cryptocurrencies to buy this year.
Pepe Coin always sets a new record, surpassing the Polygon network
The recent impressive performance of Pepe Network (PEPE) can no longer be dismissed as a fluke in any way. With steady momentum in the past few weeks, Pepe has finally maintained a higher long-term position as its market remains solidly above $6.8 billion.
Additionally, Pepe shows its determination to remain one of the best cryptocurrencies to buy this coin, considering how it has maintained a significant advance almost every week since the launch of perpetual futures on Coinbase a month ago. One factor that allows Pepe to maintain a dominant outlook is his recent bypass of the Polygon network. With a 50% surge last week, the meme currency is booming.
Floki Token is on a three-month bull run
Floki has always been a standout cryptocurrency in the coin space. The token serves a variety of facilities that have the potential to attract even more traction in the coming decades. Floki token caters to the coin space, Web3 space, NFT market, decentralized exchange, and much more.
In the past three months, Floki has risen to new highs a total of three times, moving from lows of $0.00013116 to a current valuation that remains solidly above $0.0002700. Six days later, Coinbase announced that it would support perpetual futures for FLOKI starting at 9:30 a.m. on May 30, 2024. This development is set to increase the chances of Floki’s next bullish phase in the second quarter of this year.
The GameStop token is set to resume previous bullish momentum
On May 13, the value of the GameStop token (GME) increased by 30 times, following the social media return of Keith Gill, the leading figure in the GameStop Stock saga. This sparked huge interest in the GameStop token and most investors started eyeing this meme as it showed the potential to become one of the biggest gainers this year.
However, this was before the price of GameStop started to decline due to decreased network activity, yet the platform is hosted on the cryptocurrency market, a sector known for wave gains. As the meme sector gears up for further gains in the next cryptocurrency boom, the GameStop token is sure to be a success as it shows upside potential.
To rank alongside WIF, PEPE, FLOKI and GALA, can KangaMoon achieve a 100x increase in Q3?
KangaMoon is certainly in a position to increase gains given the fact that it is expected to be listed on BitMart and Uniswap. Since KangaMoon has already seen a 40x growth throughout the presale period, completing a 100x rally is relatively easy for the new GameFi token.
Discover exciting pre-sale opportunities for KangaMoon (KANG) today!
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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 are made. You are responsible for doing your own research (DYOR) before making any investments. Read more here.