Price: $0.19284 -2.0679%
Market Cap: 28.29B 1.1305%
Volume (24h): 3.81B 0.2%
Dominance: 1.1305%
Price: $0.19284 -2.0679%
Market Cap: 28.29B 1.1305%
Volume (24h): 3.81B 0.2%
Dominance: 1.1305% 1.1305%
  • Price: $0.19284 -2.0679%
  • Market Cap: 28.29B 1.1305%
  • Volume (24h): 3.81B 0.2%
  • Dominance: 1.1305% 1.1305%
  • Price: $0.19284 -2.0679%
Home > Information news > Institutional Interest In Memecoins Rises As DWF Labs Invests Millions In FLOKI, These Memecoins Are Predicted To Skyrocket

Institutional Interest In Memecoins Rises As DWF Labs Invests Millions In FLOKI, These Memecoins Are Predicted To Skyrocket

Release: 2024/06/07 16:03 Reading: 439

Original author:CoinPedia News

Original source:https://coinmarketcap.com/community/articles/6662b0f8ef7f091b08f36e70

Institutional Interest In Memecoins Rises As DWF Labs Invests Millions In FLOKI, These Memecoins Are Predicted To Skyrocket

Institutional Interest in Memecoins Surges as DWF Labs Invests in FLOKI

According to recent data, institutional interest in memecoins has witnessed an upswing, evidenced by DWF Labs' multi-million dollar investment in FLOKI. Amidst this development, analysts forecast an impending surge in the value of meme coin giants such as FLOKI, Pepe, and KangaMoon.

KangaMoon Emerges as a Leading Meme Coin Titan

KangaMoon has maintained an impressive upward trajectory, nearing a presale revenue of $8 million. This community-oriented project fosters a decentralized ecosystem where players connect for a captivating gaming experience. Users can reap significant rewards from the 250 million tokens allocated for in-game rewards by actively participating in gaming events and completing simple social tasks.

The project's high-value proposition has attracted numerous investors. It has amassed over 32,000 registered users and 10,000 active holders. Remarkably, KangaMoon has established itself as a top new meme coin by offering substantial returns on investment. KANG's value has increased by 400% since its listing on CoinMarketCap and Coingecko.

While the project approaches launch, there remains ample opportunity to secure significant gains from KANG, currently valued at $0.025 during the bonus presale stage. Additionally, holders can stake their assets to enhance their earnings.

As the presale concludes, Bitmart's listing of KANG solidifies its status as one of the best new meme coins for substantial profits. The price is anticipated to increase as more exchanges adopt the token, potentially yielding investors ROI exceeding 1,000%.

FLOKI Price Achieves ATH

FLOKI, a standout performer among meme coins in the previous bull cycle, has recently lagged behind newly introduced tokens such as PolitiFi and celebrity-inspired releases. However, with crypto industry giants like Ethereum founder Vitalik Buterin expressing concerns about the impact of worthless memecoins on cryptocurrencies, Dogecoin, Shiba Inu, Pepe, and FLOKI remain the focus.

On June 5, following the announcement of DWF Labs' investment, FLOKI's price reached a new all-time high of $0.0003449. The investment firm aims to support the growth of FLOKI's ecosystem, including initiatives like a credit card, a FLOKI-powered digital bank, and the upcoming Valhalla metaverse game.

Pepe Trading Volume Rises

Over the past month, Pepe's price has surged by more than 67% to $0.00001435, although it has dipped by 3.5% in the past week. Notably, its 24-hour trading volume has also increased by 30% to $1.49 billion.

Pepe's immediate support level stands at $0.000014, while its resistance level is at $0.0000155. The 10-day SMA is $0.000014, and the 100-day SMA is $0.000015. The corrective price action is accompanied by an RSI of 35.60 and a MACD level of -0.00000018.

Could KangaMoon Outpace FLOKI and Pepe?

KangaMoon enters the meme coin arena with a groundbreaking concept that blends SocialFi and GameFi. Its impressive presale stage has garnered significant investor attention, with analysts predicting exponential growth post-listing. Its low market cap makes price manipulation more feasible. The recovery witnessed in the meme coin market indicates a bullish return, further bolstering KANG's potential for a meteoric rise.

Discover the Amazing Opportunities of KangaMoon (KANG) Presale Now!

Website: https://kangamoon.com/

Telegram Community: https://t.me/Kangamoonofficial

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