As memecoins continue to rise, the Shiba Inu (SHIB) Shibarium network completed a hard fork. On the other hand, traders from the Pepe (PEPE) community began to pay attention to a new memecoin – KangaMoon (KANG). Many analysts suggest that this Phase 5 presale star may evolve into the next 100x Meme Token in 2024. Let’s see why.

Shiba Inu price may rise after Shibaium hard fork

Shiba Inu (SHIB) has recently made waves in the memecoin space. Notably, Shiba Inu’s L2 solution, Shibarium, announced that it has completed a new hard fork. This hard fork will make transactions “lightning fast” and “reliable” in gas fees. According to the Shiba Inu team, this hard fork is necessary to mine its hidden features.

This development could spark a rally for the memecoin. Over the past year, the Shiba Inu price has surged 130%, while its market cap remains at $13.40B. Moreover, over 16 technical indicators are flashing buy signals for Shiba Inucoin. Hence, experts have made a bullish Shiba Inu price prediction – $0.000035 before the end of the second quarter of 2024.

Pepe trading volume continues to rise

Meanwhile, Pepe is another meme coin showing bullish signs. The meme coin is now ranked ninth among the top 10 cryptocurrencies by trading volume, leaving XRP in the dust. Pepe’s trading volume increased by over $1.4B, while XRP’s volume is $1B.

Not only that, the price of Pepe has surged 640% in the past year alone, with its market cap remaining at $3.20B. Pepe coin is also trading above its 50-day and 100-day moving averages. Therefore, market analysts expect Pepe price to rise to $0.000011 by the second quarter of 2024. However, many traders seek huge growth potential in the memecoin space.

KangaMoon (KANG): One of the Best New MemeCoins

Amid the memecoin craze, KangaMoon (KANG) has made headlines for its presale performance. It has generated over $6 million in revenue and is expected to reach $7 million by May 31, 2024. In addition, there are now over 20,000 community members and 6,000 memecoin holders.

The idea behind KangaMoon is to tap into the Play-to-Earn (P2E) gaming industry, which is expected to be worth $885 million by 2028. The team hopes to create their own P2E game where KANG is used to purchase items and upgrade players’ characters. This development will bring actual utility to KANG, which is a huge advantage over 99% of hype-driven meme coins.

The biggest difference between KangaMoon and other projects is its SocialFi element. In other words, KangaMoon gives away free KANG based on how active users are in social media channels like X or Telegram before launch. As a result, countless users rush to like and share KangaMoon’s social media posts.

During the fifth phase of presale, each KANG was priced at $0.0196, a massive increase (up about 290%) from the initial $0.005 valuation. However, this could be just the beginning as some experts believe it could surge 100x once it is listed on a Tier 1 CEX in Q2 2024. This makes KANG the best memecoin to invest in for huge gains.

Can KangaMoon surpass Shiba Inu and Peppa?

With a market cap of just $19.6 million, KangaMoon requires less new capital to boost its price. This advantage could allow it to challenge meme coin giants Shiba Inu or Pepe. If you’re interested in this one-of-a-kind meme coin, sign up for the presale now and get a 10% bonus.