A lucky memecoin investor has raked in a whopping $2.7M profit in three days. This trader, called wallet "0x303" invested $535,000 to accumulate 6 billion $MAGA coins according to Lookonchain on May 27 on the X platform.
Investors are hoping to replicate such a feat with other coins in the meme coin market. Here are 5 top meme coins that could offer such returns in June – KangaMoon, Book of Meme, Ordi, Shiba Inu, and Dogwifhat. These meme coins are popular and experts see them as the next meme coins to watch out for in June.
KangaMoon (KANG) is a new meme coin project that has gained traction in the meme coin market. The KangaMoon ecosystem has raked in $7,423,578.504 in presale, with over 10,000 users buying the token. Early investors have also generated 400% returns as the price moved from $0.0050 to $0.025. With over 32,000 community members, KangaMoon boasts a robust ecosystem. As such, analysts picked it as one of the meme coins to watch in June.
For context, KangaMoon is a revolutionary platform that is building a vibrant community for meme lovers. The platform will integrate play-to-earn and the social-fi model to give users an immersive gaming experience. The security is guaranteed as the smart contract has been audited. With these two key features, users can engage in gaming adventures and win prizes and rewards.
To boost engagement, KangaMoon partnered with the Telegram bot RaidSharksbot a few weeks ago. Active participants in the thrilling raid stand a chance of winning a $1000 monthly reward. The team also launched the Kangameme contest, which rewards users with $50 weekly. There is also the referral program, which users can use to earn the KANG token.
Meanwhile, KangaMoon has secured the BitMart listing, with the CEX exchange set to list KANG soon. According to the team, more CEX exchanges will follow soon. At the same time, the two popular crypto data aggregator websites, CoinMarketCap and CoinGecko, have listed KANG. With the massive adoption of the token, analysts project 10x rallies in June. As such, KANG is likely going to emerge as the best meme coin of 2024.
Book of Meme (BOME) is more than just any coin in the meme coin market. It is an excellent project which was designed to appeal to memecoin enthusiasts. The Book of Meme project aims to launch an immutable storage for all memes in the world. Also, the Book of Meme has several innovative principles which guide how the ecosystem is run.
The main native currency is $BOME, which can be used in several blockchains such as Arweave and Solana. Book of Meme is committed to the act of decentralization and wants to ensure all memes are free from control.
Meanwhile, the BOME market activity has been impressive in the past few weeks. According to CoinMarketCap stats, Book of Meme's price has grown by over 1,400% in the past year. The token has surged by 43% in the past week as the crypto market tilts towards the bull.
With the surging momentum, BOME will likely set support above $0.015 in June, a move that could see the Book of Meme price retest the $0.02 mark. All BOME key market indicators, such as the relative strength index (RSI) and exponential moving average (EMA), point towards a bull rally. As such, it is one of the meme coins to watch in June.
Ordi is a BRC-20 coin which has gained massive attention in the meme coin market. It was launched in March 2023 and was integrated into the Bitcoin blockchain. As the first BRC-20 token, the Ordinal protocol is used to embed data directly onto satoshis. Ordinals can also be used for digital collectibles. They could represent unique and rare items that can't be duplicated.
In terms of market performance, Ordi is one of the top meme coins that stunned the market in Q1. From less than $20 in December 2023, Ordi's price rose to an all-time high of $96.17 in March. However, Ordi was not able to break through the $100 mark. But with the upcoming altcoin season coupled with the Ethereum ETF approval, Ordi might overcome the key resistance level in June.
The latest data from CoinMarketCap shows that the Ordi trading volume is on a massive rally. This increasing market activity could drive the price above $70 in the coming days. Meanwhile, the Ordi market sentiment is bullish. As such, most analyst's Ordi price predictions are in the range of $100 for June.
Shiba Inu (SHIB) is a top meme coin which was launched by Ryoshi. Similar to Dogecoin and some meme coins, Shiba Inu is based on a dog meme. It is called a "Dogecoin killer" by many meme coin enthusiasts. The community members are called "ShibArmy" and are in charge of development.
One of the core features of Shiba Inu is the deflationary mechanism. In the past few weeks, the rate of SHIB token burn has skyrocketed and analysts believe that will trigger a rally soon. Data from Shibburn shows that the token burn rate surged by over 600% in the past week. This burning process decreases the circulating supply and boosts the price.
Also, the Shiba Inu ecosystem has seen increased activity in its Shibarium network. The Shibariumscan reports over a 60% jump in transaction volume as the interest in the token keeps rising. Based on CoinMarketCap data, Shiba Inu price soared 201% in the past 12 months, and 5% in the past 30 days. With the growing interest in Shiba Inu, experts see the Shiba Inu market cap reaching $20B within June. Shiba Inu market sentiment is bullish, and investors believe the price could hit $0.000050 in June.
Dogwifhat (WIF) is one of the latecomers to the meme coin space. It was launched in November 2023 but has already seen remarkable success many months later. Thanks to its vibrant community, it has risen to become one of the top meme coins across the market.
Even without a definite functional use, the Dogwifhat coin has been performing well in recent weeks. According to market stats, Dogwifhat's price has gained 21% in the past month and 20% in the past week. Popular crypto analyst Captain Faibik believes that Dogwifhat's price has broken out of a symmetrical triangle after 80 days of consolidation. As such, a solid 80 – 90% bullish rally is on the way.
Meanwhile, Dogwifhat's trading volume and market cap are surging. This increasing market activity could see the coin establish support in the $3.50 mark in the coming days. Having already reached $4.85 ATH earlier in the year, analysts believe that the next rally could push the price to $5 in June and $10 before the end of Q3. As such, Dogwifhat is one of the meme coin titans to keep an eye on in the coming weeks.
With the meme coin market witnessing massive adoption, the above meme coins will likely witness more adoption in the coming weeks. As such, now might be the best time to invest in them. With the KangaMoons listing coming up, the KANG token could become 2024's hottest meme coin in June. As such, we recommend you check these meme coins now.
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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.