Amid the current market recovery, DWF Labs has made headlines with a major deposit into Gate. According to Odaily, DWF Labs has deposited a staggering 5 million tokens worth $725,000 and now holds around 14.67 million tokens. This marks the ongoing transactions and activity in the crypto market.
Moreover, it highlights the potential for massive returns in the digital asset realm. Meanwhile, the meme coin market has been booming, with several coins adding significant value. The recent increases suggest heightened investor confidence and open interest, leading to further growth and expansion. This article will explore the top five meme coins with 100x profits in June.
With its GameFi’s play-to-earn and SocialFi elements and presale performance, KangaMoon has drawn attention in the broader market amid the current meme coin mania. At its core, KangaMoon introduces a platform that allows users to engage in fun-filled challenges and tournaments and as a result, stands a chance to win rewards.
Remarkably, its native token will serve as a reward incentive and in-game currency. Gamers and traders will use KANG tokens to access exclusive games, create and upgrade Kangaverse characters, and buy in-game items on the marketplace. Beyond the ecosystem, KangaMoon's robust presale performance has also heightened the buying frenzy.
For context, KangaMoon has raised over $7.4 million in presale revenue and now targets the $9 million mark. Additionally, it has recorded 400% ROI in price value, with over 32,000 users and around 10,000 holders. With the expectation of accessing the NFT Gaming Play-To-Earn industry, which is projected to generate $8856.95 million by 2028, experts hint at massive gains in KANG value, cementing its position among the best cryptos to invest in.
Moreover, with CoinMarketCap and CoinGecko listing, analysts see the price of KANG jumping to $0.5 from its current price of $0.025, making it a promising meme coin to buy now. With heightened investor interest, plus a smaller market capitalization, inflating the price of KANG would be less expensive. Many experts see KANG climbing above $1 after getting listed on BitMart Exchange.
Another meme coin making waves on the market is Dogecoin. The dog-themed meme coin has witnessed significant recovery after Elon Musk’s tribute to Kabosu, moving towards the $0.17 mark. The Dogecoin price surge has attracted open interest and heightened market activities in the ecosystem, making it among the best meme coins to buy now.
Looking at its technical indicators, Dogecoin's price is trading above the 50 EMA, signalling a positive sentiment. Moreover, its relative indicator is also gearing towards an upswing, suggesting further upside potential in the short term. Additionally, Dogecoin has seen heightened trading volumes, reflecting increased buying pressures.
On the other hand, Ethereum has witnessed stability, recording minor gains on charts, whereas Shiba Inu still struggles to break out from its current price range. Many analysts see Dogecoin as among the best cryptos to invest in now.
In a reshuffling move, the frog-themed meme coin Pepe has reached a market capitalization of $7.08 billion, surpassing Uniswap’s. The bullish development has pushed Pepe coin's market capitalization ranking to the 19th position, according to CoinMarketCap data. Remarkably, the shift in its position underscores the growing visibility and acceptance of the meme coin in the broader crypto market.
The bullish news has also triggered a significant price surge over the last few days. Pepe coin is trading above its 100—and 200-day EMAs, suggesting that the bulls control the market. Therefore, experts have made positive Pepe coin price predictions, suggesting that the frog-themed meme coin is gearing up for more gains in the coming weeks. Thus, Pepe is among the best cryptos to buy now.
However, Pepe coin could potentially exhaust its bull runs and foster a 40% price correction. The bearish divergence is similar to the 40% crash in January, which was followed by a notable divergence between its increasing price and decreasing relative strength index trends.
Another meme coin to watch in 2024 is Floki. The meme coin has witnessed robust market performance over the last few days. The Floki price surge is attributed to several factors, including Coinbase listing, network development, and overall bull market trends. Several bullish Floki news have enhanced the liquidity of the meme coin.
Recently, the Floki network announced that it is launching a Telegram trading bot that will allow its holders to trade any crypto on the BNB Chain network. After becoming the hottest meme coin in Binance, Floki is now the number one trending token on OKX. The meme coin is the best crypto investment as it continues to break records and set new standards.
Its technical indicators signal that the Floki coin is gearing up for more growth. Thus, many experts are bullish about Floki, making it among the best cryptocurrencies for 2024.
Another dog-themed meme coin to watch on the market is Dogwifhat. The Solana-based meme coin has defied the odds and recorded a bullish week in an uncertain market. The recent price surge is attributed to overall bull market trends triggered by Ethereum's price resurgence. Dogwifhat's upward trajectory is developing in a triangle pattern formation.
This pattern usually bolsters prolonged recovery trends. As Ethereum continues to record new highs, the Dogwifhat meme coin is signalling the potential for a higher rebound. The meme coin has been trading across the sideways channels for months, echoing the converging trend lines of this pattern.
The two trendlines are like resistance levels that support the narrowing space in the triangle, which could potentially lead to a decisive breakout. In this view, the Dogwifhat coin is among the best coins to invest in 2024.
As the crypto market recovers after months of price correction, meme coins have taken center stage, recording massive gains in their value and with 100x growth potential in June. While all the above meme coins are among the best cryptos to invest in now, KangaMoon has the most potential to turn 100x profits.
Remarkably, the KANG token has a low market capitalization, which, when added to fewer funds, can trigger a double-fold increase in its value. Thus, the best cryptocurrency for 100x profits in June. Remember to conduct extensive research before accumulating any crypto asset on the market.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.