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DOGE & SHIB surge, while KangaMoon (KANG) ICO draws major attention, hinting 100x at launch.
Dogecoin (DOGE) has experienced a significant upswing during the past trading sessions, propelling its value above the $0.085 price barrier on Feb. 16. This could result in an even further upswing in the coming trading sessions. Moreover, the Shiba Inu (SHIB) meme coin also experienced a major upswing and could soon reach new heights.
Alongside them, the KangaMoon (KANG) blockchain ICO has attracted the most significant attention. This could result in major growth, as it implements a community-driven approach and has social-fi features. We will review each one to determine the best meme coins to invest in.
Dogecoin might experience 30% rally
Dogecoin has experienced a notable 7.1% upswing during the previous week after a season of prolonged volatility. Specifically, the Dogecoin price performance has been bullish overall throughout the past month, and now, it has the potential to reach even further heights. During the past week, the Dogecoin crypto increased from $0.079 to $0.087.
According to crypto analyst Captain Faibik, the DOGE crypto is now on the verge of a symmetrical triangle breakout. If the upside breakout occurs, a 30% bullish rally will occur in the short term. The $0.090 price barrier needs to be passed for the crypto to reach new heights. According to the Dogecoin price prediction, the cryptocurrency can conclude 2024 at $0.1285.
Shiba Inu (SHIB) experiences spike in trading volume
Shiba Inu experienced a significant price increase and could soon achieve even further gains. During the past week, the Shiba Inu price has moved towards an upper range, where its trading volume moved to $207 million, indicating massive on-chart momentum.
The Shiba Inu crypto did regain some ground but still needs to grab the appeal from traders and whales to initiate the next bull run. Based on the Shiba Inu price prediction, it can reach $0.000015 by the end of Q4 2024.
KangaMoon sees increased buying activity
KangaMoon (KANG) has showcased dominance since the start of its presale and is shaping up to be one of the most interesting meme coins of the year. Specifically, it will add real utility and value to the ecosystem, and the project aims to create a community-driven platform where anyone can access social-fi components.
Moreover, this will allow any participant to get rewards and in-game assets while promoting greater interaction and healthy competition among its members. There will be benefits associated with holding the KANG token, where anyone can engage in weekly, monthly, and quarterly events for additional gains.
The KANG token is now at Stage 1 of its presale trading at just $0.005. It’s now over 41% complete as buying activity surges. At Stage 2, it will rise to $0.0075; at launch, analysts expect a price upswing of 100x.
Summary
Dogecoin and Shiba Inu have dominated the charts historically and were some of the best meme coins to invest in. Yet, KangaMoon is coming out as a main competitor and can provide significant ROI for traders and investors who jump into it during the early presale stage, and this especially makes it a good cryptocurrency for beginners.
Discover the opportunities of the KangaMoon presale today.
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This article first appeared at crypto.news
