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Dogwifhat is down 20%, but can it make a comeback? Meanwhile, the price of Ethereum-based memecoin KangaMoon has increased by 290%.
Dogwifhat (WIF) holders are now feeling uncertain about the future after a 20% price drop. Meanwhile, Ethereum-based memecoin KangaMoon (KANG) has shown tremendous strength. The Phase 5 presale star has surged 290% since the start. Moreover, many analysts suggest that KANG could even become the next $1 meme coin by 2024.
Dogwifhat price increase will be strong
Dogwifhat has been through some turbulence. According to CoinMarketCap data, Dogwifhat’s price has fallen nearly 20% over the past seven days, from $3.33 to $2.27. In that time, the memecoin’s market cap has also fallen from $3.32B to $2.93B. However, cryptocurrency analyst Flow Horse remains bullish, predicting that WIF’s next rally will be strong.
The technical analysis of Dogwifhat coin also supports this prediction. For example, there are now 15 technical indicators in the buy zone for Dogwifhat. Experts in the crypto space take note of all these factors when making a Dogwifhat price prediction. Therefore, they predict that WIF could jump again to $3.39 in the second quarter of 2024.
A promising meme coin for investment
On the other hand, the price of KangaMoon, an Ethereum-based meme coin, has increased by 290%. This rising presale craze has already garnered over $5 million and will reach $7 million before it ends in April 2024. With so much money already raised, once KANG launches, it may rival meme coin giants like Shiba Inu or Dogecoin.
Unlike most meme coins (such as Dogwifhat), KangaMoon brings something new - utility. To clarify, KangaMoon will launch a Play-to-Earn (P2E) game in which KANG will serve as the main in-game currency. Players will be able to use this meme coin to purchase in-game items and upgrade their characters.
Additionally, KangaMoon also stands out because it rewards the most active community members with free KANG tokens before the official launch. This development places a strong emphasis on community engagement. As a result, KangaMoon has seen a significant increase in community activity, with more than 20,000 members currently liking, sharing, and reposting social media posts.
In the 5th phase of pre-sale, this innovative meme coin was valued at just $0.0196, having started at $0.005, a 290% increase. With strong links to the P2E gaming industry expected to grow to $885 million by 2028, experts predict that KANG will see significant gains. They predict that once a Tier 1 CEX lists this meme token in Q2 2024, its price will rise to $1.
Can KangaMoon surpass Dogwifhat?
KangaMoon may soon surpass Dogwifhat as it has a market cap of $19.6 million. This means that KANG would only need another $19.6 million to double its current price.
With this advantage, KangaMoon could become one of the memecoin giants. If interested in this meme coin, please register for the presale using the link below and receive a 10% bonus on every purchase.