The DeFi market is evolving, and it appears that the environment surrounding it may follow suit based on recent developments. Pepe (PEPE) appears to be hinting at a potential change by slowly increasing in value.
Meanwhile, a significant amount of money is about to be raised in Stage 1 of the presale for KangaMoon (KANG), which many experts predict may soar by 100 times in 2024. Finally, there’s a chance that Dogecoin (DOGE) prices will spike. Below, we’ll go into more detail about this.
The Price of Pepe Is Rising
Pepe (PEPE) has had some significant increase recently. The price of the Pepe currency went from $0.00000092 to $0.000001016 in just the last week, according to data from CoinMarketCap. Its market value has increased from $389 million to $427 million in that time.
Additionally, this meme coin is trading above its 21-day EMA, indicating a bullish mood. Owing to all of these factors, cryptocurrency specialists have also predicted a bullish price for Pepe. In March 2024, they predict a spike to $0.00000111.
KangaMoon (KANG): Outstanding Crypto ICO Results
Not to be outdone, KangaMoon (KANG) has also been in the news lately, having raised around $100K in total. Considering that the presale is presently in Stage 1, this milestone is significant. It demonstrates the degree of interest that investors over the world are paying this cutting-edge meme coin.
Not simply another meme currency, KangaMoon incorporates unexpected qualities. Its unique blend of social-fi components and play-to-earn gameplay will set it apart from many other meme currency offerings. Players will be able to control characters in this P2E game. After that, they will use these characters to compete in tournaments and fights to win prizes.
Monthly, quarterly, and weekly challenges can be completed to earn rewards for holders of the community-driven meme coin KANG. Users receive additional tokens or in-game products by completing these challenges, which they may then trade on the KangaMoon marketplace. This explains why a huge number of people are attending the KANG cryptocurrency ICO event.
At the moment, one KANG token is only worth $0.005. Market analysts, however, predict that once a Tier-1 CEX offers this meme coin in Q2 of 2024, there might be a potential 100x surge. Given its connections to the P2E NFT sector, which Yahoo Finance estimated to be worth $3292M in 2022, this price forecast might come true.
Ali Martinez, analyst Using a Dogecoin Price Forecast
However, cryptocurrency analyst Ali Martinez made some remarks regarding Dogecoin (DOGE). In line with his tweet, the Dogecoin four-hour chart’s Bollinger Bands indicate the tightest squeeze since October 2023. Therefore, there might be some price volatility for this meme coin shortly.
In just the last week, Dogecoin’s price has risen from $0.079 to $0.081. During that time, its market capitalization surged from $11.32 billion to $11.65 billion. Experts are still optimistic, though, as Dogecoin is now trading above its 21 and 50-day EMAs. They predict a spike to $0.10 in the second quarter of 2024.
Can Dogecoin and Pepe Be Beat by KangaMoon?
Despite just having a $5 million market capitalization, KangaMoon can overtake Dogecoin and Pepe. First, less fresh money is needed to drive up its price. Secondly, KANG is not as hype-driven as its competitors because it serves the KangaMoon P2E game. In light of this, KANG might be the ideal cryptocurrency to buy for long-term profits.