For meme coin enthusiasts, it has truly been an exciting moment in the past few weeks as the meme coin market witnessed a huge rise. At the height of the frenzy is Shiba Inu (SHIB) which has seen huge progress. In the past few weeks, Shiba Inu has gained huge traction with its trading volume skyrocketing exponentially. Notwithstanding, KangaMoon (KANG) has followed the progress, raising over $2.8M since the start of the presale. With the token set to launch in the 2nd quarter of the year, let's have a look at why it is gaining so much attention.
With Shiba Inu showing bullish momentum, KangaMoon is not left out of the meme coin frenzy, showing an incredible leap to become one of the best meme coins to invest in the market. KangaMoon, an exciting new addition to the meme coin market, incorporates the SocialFi model into its P2E gaming thereby creating a community of enthusiasts where intense gaming activities take place.
When launched, KangaMoon will show players how to turn their gaming skills into a profit-making adventure. Notably, players get to compete with fellows in weekly, monthly, and quarterly challenges and then earn significant rewards by emerging victorious. Not only that, KangaMoon gives spectators the privilege of deciding the outcome of games through betting and predictions and in return earn rewards.
Along with the meme market that has received a boost in recent times, KangaMoon has shot to the moon, attracting investor inflow from different projects. At present, KangaMoon has raised more than $2.8M in presale and could generate $3M before the end of the month. Early investors have gotten over 180% ROI. With KangaMoon, users can engage in epic challenges and earn free KANG tokens.
Meanwhile, KangaMoon allows holders to earn while still at presale by participating in community activities such as commenting on posts and sharing tweets that aim at promoting the project. KangaMoon native token KANG is sold for just $0.014. An additional 10% bonus is also given to token buyers. With the NFT market hitting $200B in 2024, KangaMoon is rated as one of the best meme coins to invest in for profit.
With the meme coin frenzy spreading across the market, the Shiba Inu token is showing huge potential with an impressive 180% rise in the past month based on market stats. Although Shiba Inu's trading volume experienced a loss of 16% in the day-to-day trading volume, its market cap is still standing strongly at $15B. Behind the Shiba Inu latest surge is the consistent token burn practice of the Shiba Inu ecosystem.
With more than 98% of the Shiba Inu total supply in circulation, the token burn is used to ensure price stability. Data from Shibburn shows that a large number of Shiba Inu tokens have been removed from circulation in recent days, and the token is looking to break its all-time high record and set a new record in the coming weeks. With stronger community support, Shiba Inu is expected to return 10x profits in Q4 of 2024.
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