Brad Garlinghouse, the CEO of Ripple, recently expressed support for the possible introduction of an XRP ETF. In the meantime, the price of KangaMoon, the new meme coin, has skyrocketed, while Dogecoin’s price has barely moved. Analysts believe that KangaMoon is among the best new meme coin that looks to challenge the dominance of Dogecoin.
Ripple (XRP) CEO Talks About Potential XRP ETF
The CEO of Ripple, Brad Garlinghouse, expressed support for the launch of an XRP ETF in a February 20 interview with Bloomberg. Garlinghouse discussed the need for diversification in portfolios for investors.
In order to spread risk, he suggested that investors diversify their stock market holdings. Consequently, he thought that the launch of additional ETFs to allow investors to diversify risk may be welcomed by the cryptocurrency market.
He did not, however, provide any other information regarding the proposed XRP ETF. The price of Ripple XRP may rise in response to the approval of an XRP ETF. At the moment, the altcoin is trading between $0.5305 and $0.5762.
Dogecoin (DOGE) Price in a Sideways Movement
Throughout January, Dogecoin (DOGE) saw unfavorable price swings; at the conclusion of the month, its price was $0.08476. This signified a 13% decrease from its initial value on January 1st.
The price range of the meme coin as of February has ranged between $0.08268 and $0.0897 throughout the previous week. Despite the market’s recent surge of recovery. The weekly and monthly price charts for Dogecoin only showed gains of 0.7% and 1.1%, respectively.
Dogecoin is showing optimistic technical indicators despite the adverse momentum. Above the 200-Day SMA ($0.075241) and 50-Day SMA ($0.080264), the meme coin has established strong support.
Additionally, the fact that its RSI is above 50 indicates that bulls are attempting to buck the trend. In the event that this occurs, Dogecoin’s price may surpass $0.1 and see further gains in the short term.
KangaMoon (KANG) Soars Into Stage 2
KangaMoon (KANG) has gained recognition as a top meme coin to invest in, drawing considerable interest from investors who have taken interest in the project. KangaMoon is on a mission to unite meme coin enthusiasts on a single platform.
Unlike conventional meme coins such as Dogecoin, which mostly rely on hype without any real practical use, KANG tokens are intended to provide real advantages. These advantages, which include special incentives and discounts, make KANG a desirable investment choice.
In addition to offering benefits, KangaMoon is committed to building a vibrant community for meme coin lovers. The platform is dedicated to protecting user privacy, and SOLIDProof thoroughly audits its smart contracts to ensure a safe trading environment.
The price of the KANG coin has increased significantly from its initial $0.005 price to $0.0075 as it entered the second stage of its presale. As one of the best new meme coins available, KANG is expected to witness a 35x spike in value after launch, making it one of the best meme coins to buy.
Closing Thoughts
In the crypto sector, one of the most sought-after meme coins is KangaMoon. With the goal of outperforming Dogecoin as the leading meme coin, KangaMoon is preparing to provide several intriguing features, including as an NFT marketplace, an engaging play-to-earn game, and a metaverse platform.
KANG has been rated as one of the best meme coins to buy in 2024 because of the promising future of its platform. Interestingly, a 15% bonus can be applied to any purchase. Expand your holdings in KANG with this bonus, and be prepared for a significant price increase in 2024.
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