Dogecoin (DOGE) was the original meme coin that took the Web3 space by storm, but based on the latest on-chart metrics, it has been lagging behind the competition, as it lacks utility. Shiba Inu (SHIB) saw a major level of hype, especially as it announced that Shiba Swap came to Shibarium, but despite this, it has failed to pick up the required momentum to reach new heights. In the meantime, KangaMoon (KANG) has been dominating the charts, as it's up 400%, in anticipation of its BitMart exchange listing.
Dogecoin (DOGE) initially saw bullish momentum, but as of recently has lagged behind much of the competition in the memecoin space. The Dogecoin price is up 113.2% year-to-date (YTD), but is 79% under its all-time high value, which indicates it is no longer the main leader in the meme coin space.
As a result, sentiment is mixed on the future of the Dogecoin crypto, as its RSI and MACD data are in neutral territory. With no real utility behind it, it can swing in either direction, moving ahead, yet according to the Dogecoin price prediction, it can reach $0.1775 by the end of Q4 2024.
Shiba Inu (SHIB) is up 183.4% year-to-date (YTD) and displayed bullish performance during the start of 2024. In fact, the Shiba Inu crypto’s utility could soon increase, as ShibaSwap is now live on top of Shibarium, which enables anyone to create a new liquidity pool on Shibarium LPs.
Despite this, the Shiba Inu price did not see a significant increase, as it's up just 11% in the past month, indicating that it’s lagging behind. If it manages to regain bullish momentum and establish itself as a major player in the meme coin space again, according to the Shiba Inu price prediction, it can end 2024 at $0.000037.
KangaMoon (KANG) transcends the traditional meme coin stigma by establishing a robust ecosystem with valuable token utility. This innovative approach has fueled a 400% price surge and has appealed to a dedicated community of over 20,000 strong users. KangaMoon distinguishes itself through a seamless integration of Play-to-Earn (P2E) mechanics.
Within its immersive world, players actively engage in battles and tournaments, earning valuable KANG tokens and even NFTs upon winning. This engaging gameplay loop creates sustainable demand for KANG and establishes its role as the project’s core utility token. Moreover, it fosters a thriving online presence with a pioneering Social-Fi mode, positioning it as one of the best meme coins to buy now.
By incentivizing social media engagement with free KANG token rewards, users are empowered to be active community members. This establishes a relationship that organically fuels the project’s growth, as it now has a passionate and vocal online presence. The project has raised over $6.8 million and will soon pass the $8 million mark, as BitMart announced that it would list KANG. Moreover, it's up from $0.005 to $0.025 during the presale. Analysts predict a further 5,000% increase upon launch and future exchange listings
While both Dogecoin and Shiba Inu did initially see major upswings in their value, they are now lagging behind the competition. KangaMoon provides a compelling proposition for anyone seeking to diversify, as it has a focus on utility, community engagement and explosive growth potential, making KANG one of the best meme coins to buy now.
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