Bonk, KangaMoon, and Shiba Inu surge as memecoins dominate the market

Bonk, KangaMoon, and Shiba Inu surge as meme coins capture the crypto market’s attention with remarkable value growth and promising futures.

Meme coins are becoming increasingly dominant in the meme coin market. Current patterns show that Bonk (BONK), KangaMoon (KANG), and Shiba Inu (SHIB) are increasing in value and igniting the interest of global traders. While BONK and SHIB are among the meme coin titans, KANG is a rookie now in Stage 5 of its presale that may become the next $1 crypto in 2024. 

Bonk price sees a 70% jump

Recently, Bonk (BONK) has been riding a bullish wave. According to CoinMarketCap data, the price of BONK soared from $0.000015 to $0.000025 in the past seven days, nearly a 70% jump in that short period. During that time, the Bonk market cap surged from $982m to $1.67b. 

From a technical analysis perspective, this bullish trend for this meme coin may continue. For example, the Bonk coin is now trading above its 21- and 50-day EMAs. In addition, over 23 technical indicators are showing buy signals for this meme coin. Because of this, experts in the crypto field have made a bullish Bonk price prediction—hitting $0.000039 within Q2 of 2024. 

KangaMoon becomes one of the top memecoins to invest in

KangaMoon (KANG) is gaining popularity in the meme coin market as it has achieved a 290% ROI for early buyers. This presale has raised over $5.9m, with an estimated $6m target before April 2024 ends. Additionally, KangaMoon partnered with RiotSharks to introduce raids and a $1k monthly reward pool, which increased excitement among the people.

Unlike 99% of meme coins, KangaMoon has actual utility and is not hype-driven. This meme coin will be used as a primary gaming currency for KangaMoon’s upcoming Play-to-Earn (P2E) game. This will allow gamers to buy items within the game and boost their character’s abilities using KANG tokens.

What sets Kangamoon apart is that it strongly believes in community involvement. For instance, the most active community members can earn free KANG tokens before its official launch. This move alone shows why KangaMoon has managed to attract more than 20,000 registered users who share and like KANG’s social media posts. 

In Stage 5 of its presale, this meme coin is worth only $0.0196 – a 290% rise from its beginning price. Analysts have pointed out that KANG has ties to the P2E games market, which may hit $885m by 2028. This means it is highly resilient and its long-term growth potential is stellar. Thus, they forecast a growth to $1 once this meme coin hits Tier-1 exchanges in Q2 of 2024.  

Shiba Inu retains position as one of the top memecoins

Shiba Inu (SHIB) is another meme coin on an upward trajectory. CoinMarketCap data shows that the Shiba Inu price increased from $0.000022 to $0.000025 in the past week alone. This meme coin’s market cap also grew from $13.44b to $14.79b in that period. This jump can be attributed to the Lucie tweet, which revealed what’s coming for SHIB in 2024/25.

The technical analysis for the Shiba Inu coin also shows bullish signals. For example, 21 technical indicators are in the buy zone for this meme coin. Thus, market analysts foresee a rise to $0.000039 within Q2 of 2024 in their Shiba Inu price predictions. 

Bonk vs. KangaMoon vs. Shiba Inu 

KangaMoon, compared to Bonk and Shiba Inu, has a much lower market cap of just $19.6m. This means it could grow in value quickly without needing much new funds. As a result, KANG is the most dominant force in the meme coin market. Interested investors can sign up for its presale now and get a 10% bonus. 

To learn more about this project, visit the KangaMoon presale website or join the community.