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Bonk’s rapid rise and fall spotlight the volatile meme coin market. Investors now eye a new meme coin with higher utility, hoping for similar gains.
Bonk burst onto the crypto scene in 2023. It quickly became one of the most talked about meme coins, offering returns of over 7,000% in just a few weeks. However, Bonk has since lost its momentum.
Over the last month, Bonk has been one of DeFi’s worst-performing projects. As a result, some investors are now buying a new meme coin that could offer the same returns as Bonk but offers even greater utility.
BONK community fails to build momentum
While many experts believed Bonk would replicate its success in 2024, the meme coin has failed to gain traction. Bonk experienced significant price declines in January, during which its daily trading volume crashed.
However, Bonk has started to rebuild. Over the last week, Bonk’s price climbed by 3.1% to $0.00001312. It also started to regain its investor base.
According to crypto expert Crypto Nabi, Bonk could continue to increase in value. Nabi suggests that Bonk could surge to $0.000015107, making it one of the best-performing meme coins in circulation. However, investor activity isn’t supporting this growth.
Over the last 24 hours, Bonk’s daily trading volume has increased by just 6%, suggesting that the project may have already lost momentum. Unless trading activity builds up, investors could make better returns investing in a lucrative new meme coin that recently hit a new milestone during its presale.
KangaMoon prepares to soar 22x during its presale
As investors lose confidence in Bonk, KangaMoon is quickly gaining traction. This innovative new meme coin takes social-fi to the next level in its new ecosystem. The project combines social-fi with P2E gaming to create a meme coin with great utility and a better community.
Investors will be rewarded for interacting within the KangaMoon community. They will earn weekly, monthly, and quarterly rewards based on social activity. These rewards have already started during the KangaMoon presale.
Presale investors who promote the project and help it gain popularity will be rewarded with KangaMoon’s utility token, KANG. This means investors can see gains before KangaMoon launches.
In addition to its social-fi elements, KangaMoon will showcase a P2E game. Players can win rewards for winning tournaments and trade these rewards via the KangaMoon marketplace.
These two concepts help KangaMoon stand out in a competitive market and have helped the project gain the attention of crypto experts.
During its presale, experts predict that KangaMoon could surge 220% from its current price of $0.005, making KangaMoon one of the market’s best meme coins.
Could KangaMoon replicate Bonk’s growth?
Given the project’s current growth rate, experts believe KangaMoon could replicate Bonk’s growth and offer returns. The project already showcases Bonk’s potential and has attracted a strong community of meme coin enthusiasts. As this community grows, KangaMoon may continue to soar. As a result, investors are buying KANG early to maximize their returns.
Discover the exciting opportunities of the Kangamoon (KANG) presale today!
This article first appeared at crypto.news
