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Floki, Dogecoin, and KangaMoon meme coins poised for meteoric rise

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Floki, Dogecoin, and KangaMoon meme coins poised for meteoric rise

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As the crypto market is undergoing recovery from its recent volatility, KANG, Floki, and DOGE are the three meme coins that seem to have stood out, offering a better investment option.

In an unpredictable crypto market, meme coins have attracted the eyes of traders everywhere. Meme coins like Floki (FLOKI), Dogecoin (DOGE), and KangaMoon (KANG) have stood out as the top meme coins to invest in. While Floki and Dogecoin are established cryptos, KangaMoon, a stage 5 presale star, is set to join the list of new meme tokens that stand out in 2024.

Floki (FLOKI): The unlikely contender amid market volatility

Floki, a meme-inspired crypto named after a famous puppy and Viking, defies expectations by creating a serious wave within the crypto market. Despite its whimsical origin, Floki has been demonstrating significant resilience, with the price of FLOKI having surged by 311% over the past year.

However, the price of the Floki coin underwent a massive correction from March to April. This meme coin is slowly rebounding, having witnessed a breakout from its symmetrical triangle pattern. According to Crypto Trade Insight, the FLOKI price managed to break free from its descending channel within the daily chart, indicating an incoming bullish sentiment. 

Dogecoin growth prospects not reflecting in the numbers

Despite Dogecoin’s possibility of being accepted as a payment option on X and being included as a payment option by Tesla, this meme coin’s predicted price recovery is still not solid. According to Sam Mti, Dogecoin is below its resistance level. Urging investors to wait until the meme coin flips.

However, according to data by IntoTheBlock, there has been a notable rally in the profitability of DOGE addresses, with at least 5.21 million addresses currently recording profits. If Dogecoin continues with such an uptick amid the meme coin market volatility, then it’s on a better trajectory to join the list of meme coin titans of 2024.

KangaMoon (KANG): A top under $1 meme token

Despite Floki and Dogecoin being meme coin titans, KangaMoon is gaining traction quickly. With the KangaMoon presale having raised more than $6.5M, representing a 90% sale, this new crypto is now targeting the $8M mark by the end of May, highlighting the high-level attention that the meme coin is getting.

Unlike most of the cryptos within the meme coin market, which are hype-driven, KangaMoon stands out by offering actual utility. This means that KANG will serve as the main in-game currency within KangaMoon’s upcoming P2E games. Moreover, with the crypto, users will have an opportunity to buy in-game items and also upgrade their characters.

With KangaMoon’s desire to give back to its community, users can earn the KANG tokens even before its official launch. All they need to do is become active members through posting and retweeting KangaMoon’s social media posts.

Additionally, KangaMoon’s recent partnership with RaidSharksBot is set to enhance the platform’s engagement, as the token records an impressive surge of 290%. This meme coin ties to the flourishing play-to-earn games market, which is set to reach $885M by 2028, putting it in a better position to become the best meme coin to invest in 2024.

Will KangaMoon outdo the likes of Floki and Dogecoin?

Compared to Floki and Dogecoin, KangaMoon stands out because it has a lower market cap. This means that it needs fewer funds to push its price up. Owing to this, KangaMoon emerges as one of the top meme coins to watch out for.

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

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.