At the time of the bull run, there is usually the proliferation of projects promising good returns. However, it is upon investors to scrutinize each project before deciding on which one to invest in. One meme coin that has great potential is KangaMoon (KANG). The project has even surpassed top meme coins such as Bonk and Pepe in popularity. By continuing on this upward trajectory, analysts predict that KangaMoon will soon move ahead of Bonk and Pepe.
KangaMoon (KANG) Set To Topple Bonk and Pepe As Bullish Momentum Continues
While Bonk and Pepe have had their share of bullish momentum, KangaMoon’s potential may see it surpass both tokens. With the meme coin frenzy spreading around the market, Investors have discovered KangaMoon as one of the top meme coins to invest in ahead of the bull run. The platform integrates play-to-earn gaming with the SocialFi model, enabling the creation of the meme coin ecosystem.
Gamers can use the platform to compete for prizes in the weekly, monthly, and quarterly challenges. Also, spectators can earn rewards from KangaMoon through gameplay predictions. Furthermore, holders can earn free tokens by completing simple social tasks such as commenting on posts and sharing tweets to promote the project.
KangaMoon’s ROI for early investors has increased to 290% with the token now selling for $0.0196 in the 5th stage of the presale. KangaMoon has raised over $4M in presale and registered 20k participants with 5800 investors holding the token. The platform is eyeing the $200B NFT market and the gains that could be gotten from the sector could be staggering.
For every purchase, investors can trigger a 10% bonus which will be available till the end of the presale. With a few weeks left for the project to launch by the second quarter of 2024, KangaMoon has been tipped to surpass Bonk and Pepe in profit. As a result, analysts believe that if KangaMoon can sustain this momentum, the token can trade at $1 by the end of the year.
Bonk (BONK) Faces Bearish Battle
Bonk (BONK) made a rollercoaster ride to the crypto market in 2022, quickly gaining a reputation as one of the top meme coins. The Bonk token also kick-started the year in a bullish mood, setting a new all-time high record of $0.00002196 on March 4, 2024. However, Bonk has begun to decline after losing 29% in the past month, based on data from CoinMarketCap.
Even though Bonk’s market cap is well above $1.5B, it also experienced a pullback of 10% in the past week. Unless the bulls stage a comeback, analysts expect KangaMoon to topple the token sooner than expected.
Pepe (PEPE) Declines By 12% In One Week
Pepe (PEPE) made an explosive start to its crypto journey, quickly racing by 12,000% in the past year as many investors earned huge profits. Although the Pepe token gained traction during the recent meme coin frenzy, even setting a new all-time high record, the bear pressure is still visible on the price chart.
Also, Pepe’s trading volume has reduced by 33% in the past day with the market cap now below $3B. With these bearish struggles, Pepe may be toppled by KangaMoon – the new crypto project that is revolutionizing the meme market.
