Meme Coin KangaMoon (KANG) Rises 180% Has the Potential To Outshine Pepe (PEPE) And Shiba Inu (SHIB) As the Coin Turns Traders Heads

By TheNigerian On Mar 25, 2024

PEPE’s Long-Term Viability Without Clear Use Case

While canine-themed tokens dominated the scene in 2021, Pepe has emerged to demonstrate that amphibians can also leave a significant mark in the ever-growing memecoin landscape. Inspired by the iconic Pepe the Frog character, the Pepe memecoin has appeared from nowhere to become a billion-dollar asset and one of the most iconic tokens in the space.

The token’s price recently skyrocketed more than 1,000% to a peak of $0.000010852 as it broke out of a triangle pattern on the daily chart. Such explosive growth in a matter of weeks shows the potential for memecoin buyers to see considerable gains in a short period.

However, Pepe’s price has since fallen 41% to $0.000006403 as the market continues to experience volatility. This raises the question of whether Pepe can maintain its momentum in the long term or if it is just another ‘flash in the pan’ memecoin.

Pepe’s lack of utility and clear use case beyond being a meme means it is likely to grow only during high-demand periods. Traders are now pointing to KangaMoon to find a more sustainable investment opportunity.

Still, there is a route for Pepe to rally from the current $2.70 billion market cap to greater heights. With Shiba Inu reaching a $40 billion valuation during peak FOMO in 2021, Pepe could potentially follow suit if enough hype is generated around the token.

KangaMoon (KANG)’s Play-to-Earn Model Captivates Traders

It’s not just frogs that are taking over the memecoin universe. Kangaroos, or rather, the KangaMoon token, have sprung into popularity with a 180% gain in the last few weeks.

KangaMoon distinguishes itself in the $60b memecoin market by offering more than just speculative value. KangaMoon introduces play-to-earn and social finance (SocialFi) functionalities to its community.

Players of KangaMoon start with a kangaroo character and earn in-game rewards by completing missions. There are 1v1 battles, competitive tournaments, and special events where players can earn KANG tokens and rare NFTs.

The KangaMoon marketplace allows players to buy, sell, and trade their digital assets with other players. Whether it’s a new space suit for stronger armor or a new weapon for more powerful attacks, players can use their earned KANG tokens to purchase these items and enhance their gaming experience.

KANG tokens are available at a price of $0.014 during the fourth phase of the presale, with the price due to increase in subsequent phases. Early presale buyers are already sitting on 180% gains, but the presale price increases are only just beginning.

Market analysts are already predicting 100x gains in the future, with launch day expected to be a major catalyst for the token’s price. Whether or not this prediction holds true, the $2,500,951.055 raised in the presale shows strong community interest in the project.

Shiba Inu (SHIB) Bites Back with 400% Surge

Frogs, Kangaroos, and now back to dogs. The Shiba Inu token has existed since mid-2020, but its popularity skyrocketed during the Dogecoin frenzy in early 2021. Shiba Inu then surged over 100x in value as the “Dogecoin killer” set out to dethrone the top memecoin.

After a period of downward pressure over the last two years, it appears that Shiba Inu still has its bite after all. The token recently surged more than 400% to reach a peak of $0.000045000 as memecoin mania reignites. However, the 24% dip in the last week has dampened some of the hype.

But what makes Shiba Inu stand out from other memecoins? The project has a strong community following with over three million Twitter (X) followers. Its decentralized finance (DeFi) features also allow investors to earn passive income through staking and liquidity pools.

Furthermore, Shiba Inu has recently unveiled Shibdentity, a digital identity framework designed to streamline the process of sending and receiving Shiba Inu-related cryptocurrencies. The team’s dedication to community expansion and elevating SHIB beyond its memecoin status is evident.

The technical analysis of the Shiba Inu price chart points out a strong support level of $0.000020 that must hold to keep the bullish momentum. To the upside, breaking the recent high of $0.000045000 should result in a push toward the 2021 high of $0.00008845.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

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