During bearish market sentiment, we often hear the mantra— "Buy the dip, avoid the meme coins." Rightfully, investors usually gravitate to altcoins that would garner long-term investment returns than those that last from a few months to just a few days.
However, blue-chip Meme coins such as Dogecoin, KangaMoon, Shiba Inu, Pepe, and Dogwifhat have craved a significant niche for themselves. They boast incredible market caps and famous exchange listings. Experts believe these meme coins could soar in the next bull cycle.
KangaMoon (KANG) is emerging as a top contender that could become a well-established meme project in the meme coin market. Its vibrant community concept has garnered significant attention in the crypto market, with investors trooping in its presale in thousands. Remarkably, KangaMoon has already raised over $6 million in revenue funding and is now targeting the $8 million milestone in May.
Unlike other meme coins that rely on hype, KangaMoon's native token has actual utility. It will serve as an in-game currency on the Kangaverse ecosystem. Impressively, users will be able to access exclusive games, create and upgrade characters, and buy in-game items in the marketplace. Meanwhile, KANG holders can earn free tokens when they join to promote KangaMoon on social media.
Strategically set to enter the P2E gaming industry, projected to continue to increase in value, KangaMoon is set for success as it would open up this market for its investors. Additionally, KangaMoon plans on getting listed on Tier-1 CEX in Q2. With this bullish KangaMoon news, experts see the value of KANG climbing above $0.5, potentially surging 100x by the end of 2024.
Currently, in its presale stage five, the KANG token is invitingly priced at $0.0196. This marks a staggering over 290% ROI in price value from its initial offering of $0.005. Savvy investors are, therefore, camping at the KangaMoon presale to make the most of this opportunity. Thus, now is the best time to join the KangaMoon community.
Amid the current dip, Pepe Crypto has stabilized in the past few days, cementing its position as a top meme coin to buy. Remarkably, the price of Pepe has recorded a 10.47% increase on its intra-day trading charts, according to CoinMarketCap data.
The recent surge is attributed to the bulls gaining control over the market. Pepe technical indicators are flashing green, indicating buying pressures are gaining traction around the price of Pepe. Moreover, Pepe's moving average convergence divergence showcases weakened bearish trends.
Should the current market stats for the price of Pepe remain the same, the meme coin could continue its upward momentum. Various experts have made bullish Pepe price predictions, suggesting its value could reach $0.000021 by May 2024.
The Dogecoin (DOGE) price has been bearish for the past few weeks. It recently underwent a major dip amid a broader crypto market crash. While this leading meme coin was trading at over $0.22 at the beginning of April, the DOGE price has since tanked significantly, leading to an upside price prediction for DOGE.
According to CoinMarketCap, Dogecoin's price is trading at around $0.128, a significant dip of around 16.87%. The price of Dogecoin also recorded a 39.29% decline over the past 30 days, reflecting the volatile nature of the broader crypto market. Moreover, the lack of investor interest in Dogecoin is also a warning sign, as Open Interest, a vital metric for the meme coin, seems to be giving bearish signals.
Shiba Inu's price dropped within the past 24 hours to trade at $0.0000222, according to CoinMarketCap. While the Shiba Inu price recorded a significant surge over the past month to trade above its long consolidation phase, the bears have taken control of the SHIB price at the upper trendline of the pennant and are applying dipping pressure towards the lower trendline.
Moreover, the price of Shiba Inu has also been trading below the 50 SMA as the bulls attempt to remain afloat above its 200 SMA to maintain general momentum. Additionally, the Shiba Inu coin RSI indicates a reversal from its midline level 50, trending downwards to the 30 oversold level. If the Shiba Inu price manages to rebound, then the RSI might reverse to the upside, reaching an overbought territory while signaling intense buying pressure.
Dogwifhat has become one of the most successful meme coins of 2024. Having set a record for being in profit for some days, where the Dogwifhat price surged to reach its all-time high of $4.85 a month ago, this meme coin has seen better days ever since its release into the crypto market.
Like any other crypto, Dogwifhat coin has also been showing a slow turn due to the recent market dip. However, based on the previous performance of the WIF price, expectations are still high. Something that has been backed by Dogwifhat price prediction, which indicates that the coin will undergo a surge in the coming days. With around $2.62, which signifies a 10% surge, Dogwifhat is undoubtedly one of the best meme coins to invest in 2024.
As the crypto market continues to dip in most of the cryptos, the meme coin market is starting to record an impressive surge, with these top meme coins to invest in having significant market performance. KangaMoon, on the other hand, being a new meme token and shows its potential and eagerness to join the list of the top meme coins that stand out in 2024.
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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.