Memecoins surge led by Shiba Inu, KangaMoon, and Bonk
Release: 2024/03/15 01:49 Reading: 424
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Meme coins are rising again, with Shiba Inu, KangaMoon, and Bonk leading the surge. Amid increasing investor interest, experts hint at possible new highs in 2024.
After a short consolidation, meme coins are surging once again. Shiba Inu, KangaMoon, and Bonk have led the way with significant price rises over the last week. This has triggered an influx of new meme coin investors, and some experts believe that all three projects could hit all-time highs in 2024.
Bonk experiences second price rally
Bonk suffered a price dip on March 3, before entering another bull run. Since this decrease, Bonk has increased in value by 40.76%, and Bonk is now trading at $0.00003231. This recent increase has taken Bonk’s monthly returns to 217.73%, and now investors are buying more Bonk tokens than ever.
Over the last 24 hours, Bonk’s daily trading volume has increased by 29% to $823.45 million, making Bonk one of the world’s most traded meme coins. However, some experts are asking whether this growth is sustainable.
Given that Bonk lacks utility and real-world applications, experts believe it could crash once the current bullish market trend slows.
You might also like: Bonk’s price jump outperforms Pepe in notable AI crypto presale
Can Shiba Inu overtake Dogecoin in 2024?
The Shiba Inu ecosystem experienced exponential growth over the last year. The meme coin launched several new projects, including a dedicated Shiba Inu magazine and Shibarium, Shiba Inu’s Layer-2 platform.
Now, Shiba Inu’s price is catching up to its utility. Over the last two weeks, SHIB has soared by over 250%, with a 166% increase over the last seven days. This has taken Shiba Inu’s price to $0.00003519, and its market cap is $20.74 billion.
Shiba Inu’s recent price rally has triggered a significant increase in SHIB activity. According to IntoTheBlock, the number of active addresses linked to Shiba Inu has doubled since the start of March, reaching 21,000 wallets.
In addition to its price increase, Shiba Inu token burning has also increased by over 30,000%. Experts believe that this significant increase has helped to support SHIB’s recent price rally.
As the meme coin continues to grow its ecosystem, experts believe that Shiba Inu could dethrone Dogecoin due to its growing utility and ecosystem.
You might also like: BEFE’s momentum hints at $1 before Shiba Inu
KangaMoon’s experiences big presale attention
KangaMoon (KANG) has made headlines over the past month. Its presale has now approached over $920k in funds raised, set to hit $1,000,000 in days, which marks another significant milestone for the project.
This shows that KangaMoon is gaining widespread global attention, which is attracting hundreds of new investors to the project every day.
KangaMoon offers greater utility than other meme coins. It combines P2E gaming opportunities with social-fi elements to stand out in a highly competitive market.
As part of its game, investors will be able to control and battle characters, as well as place bets on who they believe will win events.
The project’s social-fi features will let users earn rewards by completing weekly, monthly, and quarterly challenges. These rewards will include in-game items and $KANG tokens, helping investors build their portfolios.
KANG tokens are currently selling at $0.01125, and recently hit a new all-time high. Experts speculate that $KANG could see a 100x pump once listed on tier one exchanges and as a result many investors are choosing KangaMoon over traditional meme coin options.
Read more: KangaMoon eyes competition with Dogecoin and Pepe as it surges 125%
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Recent news
More>- Top 5 Crypto That Have Surpassed Their ATH In Recent Days! 11-26
- Best Wallet Soars Past $1M In Private Sale As Public Presale Starts Today For Web3 Wallet Built For 2024 Bull Run 11-26
- Massive PEPE Whale Sells 130 Billion Tokens: Price Faces Downward Pressure 11-25
- Pump.fun bot nets $6.8M profit with memecoin sniping success 11-25
- Singapore Gulf Bank Plans $50 Million for Stablecoin Payments 11-25
- From Meme to Millions: These 3 Altcoins Are Set to Outperform Shiba Inu With 5,000% Gains! 11-25
- DOGE and SOL Lead Crypto’s Bullish Trend With Record Gains 11-25
- PEPE Faces Crucial Resistance Amid Price Stagnation 11-25
- Solana Memecoin Bullish Pepe to Skyrocket 18,000% Before Exchange Listing, As Bonk and SHIB Drop 11-25
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com