Dogwifhat shocks holders by crashing 60%; KangaMoon nears $5m in presale attracting whales

Dogwifhat’s unexpected 60% crash surprises holders, while KangaMoon’s presale nears $5 million, attracting significant attention from investors and whales alike. 

Recently, the new Solana meme coin, Dogwifhat, suffered an approximately 60% crash from its historic high price. 

Yet, the token still maintains a spot among the top three largest meme coins by market cap. Trying to keep up with its over 1500% yearly rise, the WIF token appears to be on the verge of a possible rebound with a recent 22% sharp increase. 

On the other hand, KangaMoon (KANG) has continued to draw significant whale attention with new presale milestones. Coveted to raise over $6M before the end of April, KangaMoon is set to lead the meme coin market.  

Dogwifhat (WIF) dropped by 60% but is already pacing up again

The rise of dog-themed cryptocurrencies in the meme coin market demonstrates how trends on the internet can affect the world of finance. One notable example is Dogwifhat, a digital token that has caught the attention of many traders and investors due to its unique theme. On Thursday, Coinbase global exchange revealed in a post on X social media that they are adding perpetual futures linked to Dogwifhat— this signals another catalyst that will bring more attention to $WIF. 

On the 31st of March, the price of WIF reached an ATH of $4.83. However, it began a decline that lasted till April as it went as low as $2.13. This drop was an approximately 60% decrease in valuation due to volatility. However, WIF was still gaining as much trading activity. In the past week, the Dogwifhat token has been priced between $2.14 and $3.43.

Dogwifhat is also currently among the top three largest meme coins by market cap. Still gaining in the past month with a 20.10% rise, Dogwifhat is trying to navigate through its 21% weekly decline as the token maintains an increased rate of trading activity. Dogwifhat token is ultimately a strong contender for riding the bullish wave this year.

KangaMoon: The new meme coin gem 

Investors have recently taken notice of KangaMoon due to its distinctive features and appealing sub-$1 pricing. The project, currently in its fifth presale stage, has achieved significant milestones that have garnered attention from potential investors and the wider crypto community. 

In its 5th stage presale, KangaMoon has raised up to $5 million in presale funding, with expectations to surpass $6 million by month-end. Consequently, KangaMoon has risen in prominence among top meme coins to buy in 2024, with its token value appreciating from an initial $0.005 to $0.0196, delivering impressive returns of up to 290% for early adopters.

Beyond financial incentives, KangaMoon is constructing a community-driven ecosystem called “Kangaverse.” By integrating elements of Social-Fi and GameFi’s Play-to-Earn (P2E) mechanics, KangaMoon aims to engage users in activities like battle-themed contests and speculative betting. Participants can also create and trade custom in-game characters on a dedicated marketplace alongside the KANG token and other valuable in-game collectibles.

Industry experts and investors eyeing top meme coins in 2024 are optimistic about KangaMoon’s future potential, anticipating a substantial price surge of up to a 1000% increase after it launches. This anticipated growth is expected to attract further interest, particularly upon listing on reputable exchanges and decentralized platforms. 

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