Binance, one of the largest centralized exchanges (CEXs) is giving a lot of attention to meme coins with the launch of a new game called Word of the Day (WOTD), which specifically targets that niche of Web3. According to the platform, this educational, world-guessing game will let users expand their crypto vocabulary while remaining updated on the latest market trends.
In addition, the meme coin market cap has risen 4.2% following the announcement and is up to $67 billion. Now, traders are attempting to diversify their holdings with meme coins in order to ride out this bullish wave, and out of the many available, have begun to accumulate KangaMoon (KANG), dogwifhat (WIF), Pepe (PEPE), Shiba Inu (SHIB) and Floki (FLOKI). Today, we will go over the price performance of each one of these meme coins to see which one can climb the most.
Here, we will take an individual look at each one of the top meme coins to buy following Binance’s launch of a new WOTD game. By the end, we will determine which is the best meme coin to invest in.
KangaMoon (KANG) has begun rapidly ascending within the meme coin landscape as it has captivated investor attention with a 400% price surge, fueled by a unique synergy between the virtual reach of Social-Fi and the rewarding engagement of Play-to-Earn (P2E) mechanics.
Unlike many of its counterparts, the KANG memecoin offers major utility, as players in its ecosystem have the opportunity to acquire tokens through in-game battles and tournaments, as well as through active participation in social media activities. This unique blend of functionalities fosters a dynamic and compelling social media experience, which fosters organic community growth. KANG emerges as one of the best new meme coins due to all of these aspects and its major utility.
The project has reached major success even during its blockchain ICO as it has already attracted a significant user base, exceeding 32,000, and it has secured a staggering $7.2 million in funding, with projections anticipating that it can surpass $8 million by the end of the month. This momentum is also further solidified by KANG’s price appreciation, where it has climbed from $0.005 to $0.025.
Industry analysts project that the crypto can experience a potential 100x increase in value following its official launch and subsequent listings on major cryptocurrency exchanges. Notably, the BitMart centralized exchange (CEX) has already confirmed a listing for the token, further bolstering legitimacy and accessibility. In addition, it has now launched on prominent tracking platforms like CoinMarketCap and CoinGecko which underscores its transparency and facilitates investor due diligence. All of these aspects make KANG the best meme coin to invest in.
dogwifhat (WIF) is a well-known memecoin that initially took the Web3 space by storm following its initial price surge. During the past week, the dogwifhat price has gone up 23% and could soon break major future price barriers.
Based on the weekly chart performance, the dogwifhat crypto has gone above the major $3 resistance point and found support at $3.30. With this increase, it has cemented itself as the go-to memecoin for diversification, but its climb is not over, as according to the dogwifhat price prediction, the crypto can end Q4 of 2024 at $0.2471.
Pepe (PEPE) has also grown massively during the past week, as the on-chart metrics are green across all of the time-frames. Just within a single week, the Pepe price surged by 78%, making it a major point of appeal for traders looking to jump into the memecoin space.
Yet, the Pepe crypto still needs to surpass a major price point to reach new heights, as the RSI and MACD data are neutral. According to the Pepe price prediction, once it surpasses a major price barrier, it can reach $0.0025 by Q4 2024.
Shiba Inu (SHIB) has been in the news as ShibaSwap launched on top of Shibarium. This is a Layer-2 scaling solution for Ethereum, and due to the integration, the Shiba Inu crypto could see far higher utility.
The Shiba Inu price is up 10% in the past week, as it moved above the $0.000026 range. If it manages to regain momentum, it could reach further gains and initiate the next bullish run, as according to the Shiba Inu price prediction, it can end Q4 of 2024 at $0.000036.
Floki (FLOKI) first became the hottest meme coin on top of the Binance exchange and then became the #1 trending token on top of the OKX exchange, where it surpassed Ethereum (ETH), Pepe (PEPE), and Bonk (BONK).
According to the on-chart metrics, the Floki price has witnessed a 40% price increase in the past week. With the meme coin currently trending on the charts, it could experience far more gains, as Floki crypto appeal has been at its highest level recently. According to the Floki price prediction, it can end Q4 of 2024 at $0.000210.
It's clear that the meme coin really is in full effect, especially as Binance launched the new WOTD game. However, while dogwifhat, Pepe, Shiba Inu and Floki have all witnessed significant gains, KangaMoon has emerged as the best new meme coins to buy.
With its unique Play-to-Earn (P2E) ecosystem and Social-Fi elements, it provides real utility in the memecoin space and as a result can dominate the charts in 2024 and beyond.
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