The meme coin space has seen a large turnaround as several meme coins have climbed the crypto ladder, surpassing other altcoins. Data from CoinMarketCap shows that the meme coin market cap has surged past the $50 billion mark and is now aiming for $65 billion.
Three meme coins whose price surge has contributed to the latest rally include Dogecoin, KangaMoon, and Pepe.
Dogecoin (DOGE) Rises As Whale Accumulation Continues
Dogecoin (DOGE), the largest meme coin by market cap, has experienced a massive price movement after weeks of sluggishness. This bullish price movement comes as Bitcoin closes in on its all-time high of $69k.
Data from CoinMarketCap showed that Dogecoin’s market cap skyrocketed as high as $24 billion. This massive rally pushed the meme coin to join the top 10 cryptocurrencies in the market. Similarly, the price of Dogecoin has soared more than 70% in the past week.
In terms of price movement, the meme coin pumped from a low of $0.09473 to a peak of $0.2041. Following Dogecoin’s price increase, there has been a rise in whale activities in the past week. One such notable whale activity was a 197 Million Dogecoin purchase on Robinhood, which was highlighted by Whale Alert.
Pepe (PEPE) Sets New All-Time High
Apart from Dogecoin, Pepe (PEPE), the frog-themed meme coin, has also caught the fever. Data from CoinMarketCap showed that Pepe’s price has increased by 194.6% in the past week, making it one of the top meme coins in the market.
In terms of value movement, the Pepe token surged from a weekly low of $0.000002243 to a new all-time high of $0.000008518. This shows that bullish momentum has returned to the Pepe market.
While Dogecoin joined the top 10 cryptocurrencies by market cap, Pepe has found its way to the top 50 after trading outside the top 100 for weeks. With this bullish momentum, Pepe could cancel one zero in the coming weeks.
KangaMoon (KANG) Surges 125% As It Enters Stage 3 of Its Presale
KangaMoon (KANG) has also caught the price rally as it joined the top meme coins. So far, the price of KangaMoon’s KANG token has seen a massive increase of 125% since the beginning of its presale and is now stage 3, priced at $0.01125.
In the same breath, a near-euphoria kind of rally took place in the last few days, which resulted in a windfall of over $863,624.222 raised from investors who were keen on the project. In this uptrend hallmark, a bunch of analysts envision that KangaMoon may pave an impressive development of $1 million as the number of investors is increasing daily.
KangaMoon’s future platform has drawn the attention of investors, and as such, we seek to inform and update you on the current trials and processes the platform is undergoing. The aim is to build up a strong community. That will be possible with the involvement of the users if you implement a lot of different fun to play and interesting activities on the platform.
The platform will reward the participants by providing free tokens to those who comment or like its social channels. This is part of the goal, which it aims to do by rewarding the interested traders and investors in KANG tokens, whoever is active, by promoting the project through their social media accounts.
Upon conquering these missions, members rake in extra tokens or in-game assets, which KangaMoon plans to put into a forthcoming NFT marketplace.
Conclusion
The recent rally in the meme coin space showed that the sector has huge potential and large investor interest. With meme coins like Dogecoin, KangaMoon, and Pepe rising, the market cap of the meme coin space is predicted to hit $100 billion in the coming weeks, especially with Bitcoin’s halving on the way.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
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