Meme Coins Vs Utility Coins: Four Factors That Make KangaMoon (KANG) Worth More Than Dogecoin (DOGE)

The post Meme Coins Vs Utility Coins: Four Factors That Make KangaMoon (KANG) Worth More Than Dogecoin (DOGE) appeared first on Coinpedia Fintech News

Throughout February, meme coins such as Dogecoin made global headlines. Many have seen price increases of over 100%, with Dogecoin increasing in value by 118%. However, these meme coins have one major flaw: they lack utility. 

As a result, meme coin investors are now purchasing new utility coin, KangaMoon, which is expected to outperform the meme coin market in 2024. 

Dogecoin Millionaires Increase by 76%

Data from IntoTheBlock shows that the number of Dogecoin millionaires has significantly increased in 2024.

This upward trend suggests that Dogecoin has regained investor confidence, and as a result, the number of crypto whales purchasing Dogecoin has increased. In total, over 800 investors now hold over $1 million or more worth of Dogecoin. 

In addition to the number of Dogecoin millionaires increasing, the number of wallets holding over $10 million in DOGE has also increased. Data shows that there are over 200 crypto whales holding $10 million or more DOGE, taking the number of Dogecoin millionaires to over 1,000. 

This number has increased by 76% over the last 30 days and the increase has been linked to Dogecoin’s recent price rally, during which DOGE increased in value by 118%.

Presently, Dogecoin is trading at $0.1688, and DOGE has a daily trading volume of $3.23 billion. This makes DOGE the 9th most traded cryptocurrency in the world. Should the number of Dogecoin millionaires rise in Q2, Dogecoin trading activity is expected to increase further as investors regain confidence in the meme coin. 

That said, some experts believe that Dogecoin lacks the utility to continue rising. As a result, it could lose investors to new projects such as KangaMoon. 

Why Is KangaMoon A Better Investment Than Dogecoin?

Although Dogecoin has offered significant returns for early investors, KangaMoon could be a stronger investment going forward, here’s why.

Firstly, KangaMoon looks to build a strong community of like-minded investors. This will give users the opportunity to build their networks, share knowledge, and become part of a thriving community. 

Secondly, KangaMoon will reward users with social-fi features. Users will have the opportunity to complete weekly, monthly, and quarterly challenges to earn $KANG tokens. These challenges are a great way for investors to generate an income and build their portfolios.

Thirdly, during the KangaMoon presale, investors can earn bonus $KANG tokens by helping to promote the project. By helping the project gain momentum, users can begin to generate an income before KangaMoon even launched. 

Lastly, alongside these lucrative social-fi features, investors will also be able to enjoy KangaMoons P2E game. The KangaMoon game will let players battle characters for rewards and trade rewards via the KangaMoon marketplace to make additional profits. 

KangaMoon experienced a price increase after hitting over $1,000,000 in weeks,set to hit $1.5 million in days.To get involved in this rapidly growing project, investors can purchase $KANG tokens via the KangaMoon website. Tokens are currently trading at $0.01125, and are expected to offer returns of 320% during the KangaMoon presale. KangaMoon Vs Dogecoin

Having already experienced significant growth, experts believe that Dogecoin may have peaked. As a result, projects like KangaMoon could soon take the spotlight. Given its low barrier to entry and huge potential, investors are now flocking to KangaMoon to capitalize on price increases to become part of one of the fastest-growing communities in the DeFi space. 

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

Website: https://Kangamoon.com/

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