An Ethereum-based memecoin, KangaMoon, has experienced a significant price growth of 290%. This surge comes in the wake of a 20% decline in the price of Dogwifhat (WIF), leaving holders uncertain about the future. Analysts have noted several technical indicators in the buy zone for Dogwifhat, leading them to predict a potential jump to $3.39 within Q2 of 2024. KangaMoon, heralded as a presale star, has raised over $5M and is expected to reach $7M before the end of April 2024.
The memecoin has garnered attention for its potential to become the next $1 meme coin by 2024. With a focus on utility, KangaMoon plans to launch a Play-to-Earn (P2E) game where KANG will serve as the main in-game currency. This unique feature sets it apart from other meme coins, and it has already attracted a highly engaged community, with over 20,000 members actively participating in social media activities. Priced at $0.0196 during Stage 5 of its presale, KangaMoon is anticipated to make significant gains with its ties to the growing P2E gaming industry.
Experts foresee a rise to $1 once a Tier-1 CEX lists the meme coin in Q2 of 2024. With a current market cap of $19.6M, KangaMoon stands poised to potentially rival other large meme coin players. However, it’s essential for users to conduct their own research before taking any actions related to the information provided.
