Dogecoin (DOGE) has showcased an exceptional level of growth and is dominant across all of its charts, which could result in a significant price trend moving forward, making it a meme coin leader that can push the next rally.
It’s not alone however, as KangaMoon (KANG) has risen 180% during the past week, and has become one of the fastest-growing meme coins in the industry. To see why these projects are getting so much attention we will go over both of them individually.
Dogecoin (DOGE) Grows 170% YTD – Price to Spike to $0.4851
Dogecoin (DOGE) has witnessed a significant price uptrend during the past trading sessions, marking a total year-to-date (YTD) climb of 170%. Moreover, during the past month, the Dogecoin price has seen a 45.3% price increase, and during the past week it’s up 20.4%.
During this time, the Dogecoin crypto moved up from $0.1707 to a maximum value of $0.2244, and at this rate could break past further price barriers. According to the RSI and MACD data, its bullish at above 50, and based on the Dogecoin price prediction, it can end 2024 at $0.4851.
KangaMoon (KANG) Introduces Social-Fi Elements and Play-to-Earn (P2E) Features
KangaMoon (KANG) is a revolutionary DeFi project which will transform the industry through the introduction of Social-Fi elements, Play-to-Earn (P2E) features and even a dedicated community-driven approach that can empower anyone holding the KANG token in various ways.
For example, each player gets the opportunity to create their own KangaMoon character and engage in various activities. They can battle with other players and even enter community events. Those who do not want to actively participate can also place bets on other players to get rewards, or get NFTs through the completion of quests or battles.
The dedicated marketplace will be the hub in which anyone can buy, sell or trade these NFTs with ease, contributing towards a vibrant economy. Now the project has reached Stage 4 of its blockchain ICO, and its seen a price upswing from $0.005 to $0.014, which marks a 180% jump in value. The project has raised over $3.7 million, and in the next week could go above $4 million. In addition, there are now over 5,800 holders and the KangaMoon community is thriving with over 20,000 registered community members. Based on analyst projections, its price can spike 100x following the project’s launch.
Summary
Dogecoin has seen an explosive jump during the past trading sessions, and is a memecoin that’s retained the #1 spot in terms of market cap, with an average trading volume of 3.4 billion. However, despite its major success, traders and investors typically diversify their memecoins to get the best possible result from the market movements.
As a result of this, KangaMoon has seen a significant uptick in trader attention, especially due to its vibrant ecosystem and overall offering, coupled with the utility of its KANG token. These aspects position it as one of the best meme coins to buy now.
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