With the crypto market experiencing retracement, traders are searching for top crypto coins to recover from their losses. Dogwifhat (WIF) is one of the tokens that have dropped considerably in price value in the past few days, with holders searching for alternatives.
Meanwhile, the KangaMoon (KANG) ongoing presale has witnessed massive success in the past few weeks, with early buyers having a massive 290% ROI. This new project has enticed Dogwifhat holders who are searching for high-yielding crypto projects. Let’s see why this new project poses a risk for the popular meme coin in the year.
KangaMoon (KANG), the Best Meme Coin in the Meme Market
With Dogwifhat and other top meme coins battling the bear trend, KangaMoon has become the trending token in the meme coin market. The project has seen over 20,000 community members join the platform. More than 6000 users have also purchased the presale.
Notably, data from the website shows that the project has generated over $5M in presale, as analysts forecast $7M before the end of the presale. The KANG token is now set for Tier 1 exchange listing in Q2. Some crypto experts are projecting 100x rallies in the coming months. As such, the KANG token price might reach $1 before the end of 2024, putting it on the experts’ list of meme coins to watch in the year.
Meanwhile, the KANG token is in the 5th stage of the presale, which has been rumored to be the final stage. Having moved from a floor price of $0.0050 in stage 1 to the current price of $0.0196, it shows the project has the potential to dominate the meme coin market. Some analysts believe it will outshine Solana-based meme coins like Floki and Dogwifhat this year.
For context, KangaMoon will integrate the Social-fi model and P2E to build a vibrant community for meme lovers. With the Social-fi model, users can compete in weekly, monthly, and quarterly challenges and earn KANG. The Play2Earn feature allows players to earn rare in-game items and virtual currency when they win matches. These items can be traded or sold in the KangaMoon marketplace. Above all, KangaMoon is one of the top meme coins to buy in 2024.
Dogwifhat (WIF) Surging, yet Still at Risk of Losing Token Holders
The recent news from Coinbase about listing the Dogwifhat token in the Perpetual futures trading on Coinbase Advanced and Coinbase International Exchange seems to have awakened the token. Market data shows that Dogwifhat’s price has surged by 20% in the past day.
Meanwhile, Dogwifhat’s trading volume has risen by a day-to-day average of 50% in the past few days. The market cap has also risen above the $3B mark. For the first time in days, Dogwifhat has established support above the $3 mark. Some experts believe that with the recent Dogwifhat news, the token price might retest the $4 mark in the coming days.
However, some analysts believe the ongoing rally is due to Coinbase’s recent announcement. As such, they believe that once the news slows down, the coin price will drop below $3. This has put the coin at risk of losing holders to the ongoing KangaMoon presale, which has attracted whales. However, with the surging popularity of Solana-based meme coins, WIF tokens might witness remarkable improvement in the year.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://kangaMoon.com/
Join our KangaMoon community: https://t.me/kangaMoonofficial
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