According to anonymous cryptocurrency expert Crypto Tony, the recent boost in Dogecoin’s price could cause the value of other meme coins to rise. But it’s getting harder for investors to decide which cryptocurrency to buy now that Bonk and KangaMoon are moving up the ranks.
Crypto Analyst Is Confident About Dogecoin’s (DOGE) Future
Dogecoin (DOGE), a cryptocurrency researcher, is predicted by Tony to spearhead the next wave of meme coin rallies. According to the researcher, additional memecoins will see price hikes in tandem with Dogecoin.
According to the analyst’s chart, Dogecoin is expected to reach $0.10 by the end of May. A notable rise in Dogecoin transactions confirms the projection. Despite the increase in transfers, Dogecoin’s price remains between $0.07811 and $0.0831.
On the 7-day price chart, the altcoin price has risen by 4.9%; however, on the 30-day timescale, it has decreased by 0.5%. The largest meme coin, Dogecoin, has not seen a positive change in price over the last month despite its popularity. Investors are switching to other meme coins as a result.
Price of Bonk (BONK) Rises by 27.7%
The Bonk (BONK) meme coin has experienced greater price rise over the last week than Dogecoin. The price of the altcoin increased by 27.7% from a low of $0.00000989 to a weekly peak of $0.00001397, according to data from CoinMarketCap.
With this price increase, Bonk coin has returned to the top 100 cryptocurrencies by market capitalization. In the meantime, there hasn’t been any platform progress to justify Bonk’s recent price increase. Rather, the meme coin is simply capitalizing on the positive sentiment that is sweeping through the cryptocurrency world. However, the coin appears to be bullish based on Bonk’s technical indicators.
As a sign of bullish control, it is trading above both the 200-day and 50-day simple moving averages ($0.00001196 and $0.00000533). Analysts believe that in the upcoming weeks, there may be an increase to $0.00002396.
Memecoin Rally Could Be Led By KangaMoon (KANG)
In the meme coin market, KangaMoon (KANG) has become a new favorite, upending established brands like Dogecoin and Bonk with its unique tokenomics, lively community, and utility-driven strategy. There is a one billion token production restriction for this new meme coin.
In contrast to Dogecoin’s supply of over 143 billion tokens, this creates a scarcity. Due to its scarcity, the KangaMoon DeFi currency is an attractive investment choice with the potential for significant future returns.
Furthermore, KangaMoon aims to provide its users with an entertaining platform where they may engage in a variety of activities, not simply memecoins. They can communicate with other meme coin lovers or take part in competitions to win lucrative rewards. These programs are a part of KangaMoon’s attempt to combine play-to-earn and social-fi components.
SOLIDProof has audited the security of KangaMoon smart contracts. Users don’t need to worry because their valuables are always secure. The current value of the KangaMoon DeFi coin is $0.005. There is a solid reason to participate now at the early stage, as market analysts forecast a 220% gain in value throughout the presale.
KangaMoon intends to introduce a play-to-earn game into its ecosystem in the future. This action is a component of its goals to establish a meme coin project that is driven by the community, allowing users to actively participate and benefit from the platform’s successes.
In summary
Dogecoin and Bonk are two of the most well-known memecoins out there, yet they are both missing one important component: actual utility. Other than being payment tokens, Dogecoin and Bonk are worthless. For this reason, among meme coins, KangaMoon is the greatest cryptocurrency to purchase.
Among other benefits, KangaMoon owners get access to awards and governance rights. It’s noteworthy to note that KangaMoon plans to add a play-to-earn game, an NFT marketplace, and a metaverse in the future to further expand this utility.
Learn About the Wonderful Possibilities of the Kangamo
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