Analyst’s SHIB prediction makes headlines; KANG, DOGE maintain dominance

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Amid a resurgence in meme coin prices, Crypto analyst Xanrox predicts a new peak for Shiba Inu, while Dogecoin and newcomer KangaMoon show strong performances.

Amid recent price recovery, Crypto analyst Xanrox has made headlines with his daring Shiba Inu price predictions, suggesting SHIB could reach a new all-time high. On the other hand, meme coins like KangaMoon (KANG) and Dogecoin (DOGE) have garnered some attention in the past week with their dominant performance. For instance, DOGE’s value has increased by 5% recently, while many experts peg KANG as the next meme coin to reach $0.5 in 2024.

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Shiba Inu price remains resilient on charts

Recently, the Shiba Inu price has shown resilience on the charts, recovering from lows and recording steady gains. After slipping down to $0.000024 on March 20, 2024, the price of Shiba Inu has had a steady rise, now trading at $0.000027. The steady rise highlights SHIB coin’s resilience to overcome challenges and strive for higher levels.

Xanrox’s prediction opens a strategic roadmap for investors. He uses Fibonacci retracement and Elliott Wave theory to identify $0.00002250 as an entry point to leverage market patterns, including the bullish flag formation to anticipate a rally. While his prediction sparks optimism, smart investors know the nature of cryptocurrency markets. As SHIB’s price continues to meet the resistance and key levels, investors should be cautious, balancing gains with market changes.

Much-anticipated DOGE day nears

The meme-inspired cryptocurrency has once again taken the meme coin market by storm, capturing the spotlight with its much-anticipated DOGE day set for April 20, 2024. The excitement in the crypto market has been reflected in Dogecoin price charts, recording a rise of about 5% in the last seven days to trade at $0.1932.

The increase in the price of Dogecoin has propelled its market capitalization to $27.8B, solidifying its position as the 8^th largest coin on CoinMarketCap. Additionally, Dogecoin crypto has had a 16% bounce in its 24-hour trading volume to stand at $2.58B, reflecting heightened interest in the coin. With this view, analysts have made bullish Dogecoin price predictions, suggesting DOGE could reach $1 by the end of 2024.

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KangaMoon to undergo huge growth

KangaMoon (KANG) continues to experience a remarkable growth level with its last presale stage, which has resulted in a massive bullish sentiment. The price of KangaMoon managed to increase from just $0.005 to $0.0196 during its last trading session, marking a 290% increase, having raised over $4.7 million. Analysts also project that KangaMoon presale activities could hit $6 million by the end of April 2024.

KangaMoon’s growth key catalysts include its unique approach to SocialFi elements, coupled with the P2E features. Through such an approach, every user gets the chance to create their own unique KangaMoon characters, engage in matches, and win rewards. For those who don’t wish to participate in such matches, they can place bets and stand a chance of winning.

With such activities, players will be rewarded with KANG tokens and NFTs, which can be sold within dedicated marketplaces. Due to KangaMoon’s massive growth potential, the platform has managed to record over 6,000 token holders and more than 20,000 registered members. Analysts predict that such a growth rate could see KangaMoon hit the 5,000% price surge once launched, positioning it among the best meme coins of 2024.

Conclusion

While Shiba Inu and Dogecoin cryptos are in a better position than KangaMoon, this new meme coin has an advantage over the others with its low market cap. This means that the price of KangaMoon could surge further, as it only needs fewer investors to pump its price up quicker.

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