The crypto market is facing a slight dip, with well-known crypto giants, including Bitcoin facing a price dip. However, amid all this, the US Supreme Court has ruled in favor of Dogecoin in a case that involved Coinbase and Dogecoin, leading to a surge in the price of DOGE which joins top meme coins like Pepe (PEPE), Bonk (BONK), Dogwifhat (WIF) and KangaMoon (KANG) as the best crypto investment of 2024.
However, Shiba Inu, which has been experiencing a price correction failed to make the cut owing to high competition from new meme tokens including KangaMoon which was recently listed by CoinMarketCap and Coingecko while awaiting its listing on BitMart.
KangaMoon (KANG) has been causing a buzz within the meme coin market, recording an impressive 400% ROI for its early investors. This unique coin has also managed to raise over $7 million while aiming for the $8 million mark by the end of May. Its recent partnership with RaidSharkBot has made it possible for the project to enhance its community engagement experience while offering a $1,000 monthly reward pool.
KangaMoon stands out in that it offers more use cases than most of the hyped meme coins. The KANG token serves as the in-game currency for its upcoming P2E games. This will allow users to purchase items while upgrading their characters. Additionally, KANG holders will also have exclusive access to some of the challenges for a chance to earn extra KANG tokens and other rewards.
Focusing on giving back to its community, KangaMoon will provide free KANG tokens to its most active members even before it launches. This move has already seen more than 32,000 registered members share and like KangaMoon’s social media posts, increasing the coin's position as the best meme coin to invest in.
KangaMoon is currently trading at $0.025, which represents a 400% price surge. However, with its recent listing on CoinMarketCap and Coingecko, analysts foresee a 100x surge within 2024, making KangaMoon one of the new meme tokens with a high return potential in 2024.
A Glassnode analyst shared an ultra-bullish price prediction for Dogecoin suggesting that the meme coin will undergo a 13x surge. This comes when Dogecoin is tracking a huge cup and handle pattern indicating a bullish formation. Historically, this Dogecoin pattern normally precedes consolidation before an ensuing breakout.
Dogecoin, one of the top meme coins, has been taking support from the 50 and 200-day exponential moving averages, indicating a medium to long-term surge. Moreover, with the US Supreme Court ruling in favor of Dogecoin against its case with Coinbase, this might play a significant role in DOGE’s ability to reach new highs in 2024.
The Pepe price recorded a rally of 35% in just a week. This comes after Pepe coin hit a new all-time high of $0.00001470 amid rising expectations of an early approval of the spot Ethereum ETFs. Pepe’s recent rally has seen the frog-themed token join the top 20 cryptos by market cap. With the Pepe price trading with a bullish bias within the one-day frame, having broken out above its ascending parallel channel, the coin's upside potential remains alive provided the Relative Strength Index remains above its mean level of 50.
Moreover, Pepe’s Moving Average Convergence Divergence is above the signal line, something that is seen as a bullish sign in technical analysis. Additionally, the MACD line holds above Pepe’s signal line, signaling an upside momentum favor, making this meme coin the best crypto investment option in May.
The recent performance of Bonk has outperformed some of the major meme coins including the likes of Shiba Inu. In the past 30 days, Bonk has recorded a massive 80% upside momentum, with Shiba Inu recording a 3% dip within the same period. According to the coin’s technical analysis, BONK seems bullish and might be heading towards an all-time high.
However, before this meme coin can hit its all-time high, it seems to be experiencing some strong resistance near the $0.000037 mark. If the price of Bonk surges past this resistance level, there is a high chance that the crypto might surge, reaching the $0.000047 mark.
According to Lookonchain data, a Dogwifhat whale has suddenly accumulated a larger amount of WIF tokens, spending around $606,000 to buy around 228,000 WIF meme coins. While purchasing the Dogwifhat coins, the whale created a new wallet and made a 1.83 million USDC withdrawal from Coinbase to buy the WIF tokens.
Moreover, Dogwifhat price continues to maintain an ascending trend, despite facing bearish challenges with the latest upswing raising the coin levels above the trend. The WIF price is believed to have initiated a fresh ascending momentum that might see it reach new highs of $5 soon. Dogwifhat price has also been trading within a decisive triangle having reached the apex of its consolidation. Additionally, the MACD is also close to initiating a bullish crossover while entering the positive range as the RSI continues to hover within the average range suggesting an influx in buying volume.
With the meme coin market set to undergo an impressive surge, these five cryptos are considered the best crypto investment for 2024 offering a higher ROI. Moreover, KangaMoon has also stood out as one of the top meme coins to invest in owing to its outstanding presale performance.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
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