New memecoin gains traction amid AI crypto boom

While Render and Near Protocol are currently trending, KangaMoon has a better chance of attracting investors.

Lately, the crypto market has seen the growth of AI tokens with Render and Near Protocol some of the tokens that have gained recognition. However, despite this dominance, they may still lag behind KangaMoon (KANG) in terms of courting attraction. The new memecoin has created a lot of excitement among admirers, going as far as giving a notable return on investment to boost their earnings. Let’s explore KangaMoon and discover why it is one of the trending memecoins.

KangaMoon set to be the face of memecoins in 2024

As Render and Near Protocol are spearheading the AI tokens charge, KangaMoon could be the next token to boom, having earned the status as one of the best new memecoins to invest in 2024. KangaMoon is a new utility-based meme coin that solves the common problem associated with memecoins which is lack of utility. To solve this, KangaMoon integrates both SocialFi and GameFI, enabling users to enjoy the best of both worlds.

By participating in the platform’s several gameplays and social tasks, users are eligible to get rewards from the 250 million tokens to be distributed as in-game rewards. With an encompassing ecosystem, KangaMoon is a connection point for memecoin lovers and investors. With these amazing features, a lot of users and investors have registered their interest in this new memecoin.

Currently, KangaMoon community members are close to 30,000 with holders of its native token moving near 10,000. Additionally, the platform has generated over $6.8 million in presale, making it one of the memecoins to ever attain the feat. Daily, investors are monitoring the trajectory of KangaMoon and are captivated by its jumping ROI which is now at a 400% increase. 

The platform has given an indication of its listings with BitMart, the first centralized exchange to publicly announce the plan to list KANG. At present, KANG is available at $0.025. As we move forward towards the bull run, market forecasters predict that KangaMoon could reach 1000% in ROI.

Render token battles $11.3 resistance level

Render is one of the AI tokens that have begun to pump in the past few weeks. Last month alone, the Render token pumped by 24% as investors renewed their optimism. A similar trend is also noticed in the Render market cap which is now set to go above $4 billion.

However, the battle area for Render is the next resistance level, which is at $11.3. Analysts expect that a market correction could happen in the next few days which may slow down the progress of the Render price. After this hiatus, analysts expect Render coin to beat the resistance trap and then rally thereafter.

Near Protocol price on the cusp of hitting $10

As the AI tokens continue to get traction, Near Protocol has gone on an exponential growth. Over the past 30 days, Near Protocol coin has grown by more than 50% with the token crossing $1 billion in trading volume, based on market data. In the same vein, the Near Protocol market cap is set to grow above $9 billion, indicating the dominance of the bulls.

Near Protocol stopgap at the $0.65 demand zone is a further indication of the prevalence of the bulls. With the token on the cusp of stabilizing at the support zone of $8.5, the next few weeks could see the Near Protocol price cross the $10 threshold. 

For more information about KangaMoon, visit the official website or join the Telegram community.