Wednesday, 17 April 2024

Crypto News

can it keep up with the memecoins frenzy as the likes of Kangamoon rise

can it keep up with the memecoins frenzy as the likes of Kangamoon rise

  • Memecoin (MEME) price surges fueled by meme craze.
  • MEME is projected to reclaim its ATH by the start of April.
  • KangaMoon’s $KANG presale raises $675,995.01; offering a 10% bonus.

In the dynamic world of cryptocurrencies, two names have been making waves: Memecoin (MEME) and KangaMoon (KANG). MEME, with its recent bullish trend, has garnered attention, while KANG’s ongoing presale is creating a buzz in the crypto community.

Let’s delve into the details of MEME’s recent price movements, explore its future predictions, and understand the excitement surrounding KangaMoon’s $KANG presale.

Memecoin (MEME): riding the meme wave

In recent days, Memecoin (MEME) has experienced a bullish trend, with its 50-day moving average sloping upward. The current price of MEME stands at $0.04372, reflecting a substantial 93.39% increase over the past month.

This price surge can be attributed to the ongoing hype surrounding memecoins including Shiba Inu, Floki, and Dogecoin, where these playful digital assets are gaining immense popularity.

The meme coin fever is undeniably a major factor contributing to MEME’s recent price ascent, as investors flock to join the meme-driven crypto movement.

Memecoin (MEME) price prediction

Looking ahead, price predictions for MEME suggest a continued positive trajectory. The 50-day moving average, positioned below the current MEME price, serves as a potential support level in this bullish trend.

The Relative Strength Index (RSI) hovering within the 30-70 neutral zone indicates a balanced trend, suggesting MEME’s price could maintain this state for a while.

Based on current analysis, a 5% increase is anticipated by the end of this week, projecting a value of $0.045. As we peer into the crystal ball of future predictions, the forecast for the end of March 2024, hints at a sustained uptrend, reclaiming its all-time high of $0.05706 by April 2024.

KangaMoon: unlocking the Play-to-Earn experience

On a parallel track, KangaMoon has stepped into the limelight with its innovative $KANG presale. The presale event, currently in progress, has seen significant traction, reflecting the enthusiasm of the crypto community.

With a total supply of 1 billion $KANG tokens, the presale allocation stands at 600 million tokens.

The presale features a unique social-fi model, inviting participants to engage in weekly, monthly, and…

Click Here to Read the Full Original Article at CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison…