The meme coin market has experienced a dramatic turnaround, as several memes have climbed up the crypto ladder and surpassed other altcoins. According to CoinMarketCap, the meme coin market capital has now passed the $50 billion threshold and is now targeting $65 billion.
Dogecoin is one of three meme coins that have seen a price increase in recent months. KangaMoonPepe is a good example.
Dogecoin (DOGE), a cryptocurrency, is on the Rise as Whale Accumulation Continues
Dogecoin, the largest meme currency by market capital, experienced a massive increase in price after a few weeks of stagnation. This bullish movement in price comes as Bitcoin nears its all-time highest of $69k.
Data from CoinMarketCap Dogecoins market capitalization soared to $24 billion. The massive rally has pushed the meme currency to the top 10 crypto currencies on the market. Dogecoin prices have also increased by over 70% in the last seven days.
Price movement for the meme coin has been a swell. It went from a minimum of $0.09473 all the way up to $0.2041. In the last week, whale activity has increased following Dogecoin’s price rise. Whale Alert highlighted a notable whale activity, namely a 197 million Dogecoin transaction on Robinhood.
Pepe (PEPE), the new record holder, has reached a new high.
Pepe, the meme coin featuring a frog, has also been a hit. Data from CoinMarketCap Pepe’s coin price increased by 194.6% over the last week, making it the most popular meme coin on the market.
The Pepe token has risen from a low value of $0.000002243, to a high of $0.000008518. This indicates that the Pepe has regained its bullish momentum.
Pepe, which had been trading outside of the top 100 for several weeks, has now made its way into the top 50. Pepe may be able to cancel one zero over the next weeks with this bullish momentum.
KangaMoon’s (KANG), as it enters the third stage of its pre-sale, has seen a 125% increase.
KangaMoon (KANG) Has also seen a price rally, as it has joined the top meme currencies. The price of KangaMoon KANG tokens has risen 125% in the past few months since its presale began. It is now at stage 3 and priced at $0.01125.
A near-euphoric rally occurred in the past few days. This resulted to a windfall amount of $863,624.222 from investors who are interested in the project. Analysts believe that KangaMoon could reach a $1 million milestone in this trend, as investors are increasing every day.
KangaMoon has attracted investors’ attention with its future platform. As such, we want to update and inform you about the current trials and process the platform is going through. It is important to create a strong, cohesive community. This will be possible if the platform has a variety of fun games and activities.
Participants will be rewarded by the platform with free tokens for those who like or comment on its social media channels. It is part of its goal to reward traders and investors who are active in promoting the project on social media.
KangaMoon will put these tokens and in-game assets into the NFT market.
The conclusion of the article is:
The recent rally within the meme coin industry showed that there is a lot of potential for the space and a great deal of investor interest. The market cap for meme coins such as Dogecoin and KangaMoon is expected to reach $100 billion within the next few weeks. This will be especially true with Bitcoin’s impending halving.
Find out about the exciting opportunities of the KangaMoon pre-sale today!
Website: https://Kangamoon.com/
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“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: blockchainreporter.net