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Jeo Boden (BODEN) price skyrocketed after the former US president, Donald Trump, mocked the meme coin, responding to a fan about the token. Amid these developments, these humor-infused theme projects are quickly becoming staples for cryptocurrency portfolios.
Due to their ability to foster community engagement and capacity to address real-world issues, the demand for meme coins has surged exponentially. With their impressive market performance, the following meme coins have the potential to offer explosive future returns.
KangaMoon (KANG) draws attention in the broader crypto market thanks to its unique fusion of SocialFi and the play-to-earn model. At its core, the meme coin project will launch a gaming ecosystem where meme lovers and gamers interact to participate in fun-filled challenges and tournaments. And as a result, they get to earn while having fun.
The KANG token will actually be useful on the platform. Users will be able to use the native token to access exclusive games, create and upgrade their characters, and buy in-game items in the marketplace. What’s more interesting is that KANG holders have a chance to earn more tokens when they join the community to promote the meme coin online.
Remarkably, KangaMoon can potentially disrupt the meme coin market, mainly because of its current presale market statistics. For context, KangaMoon has already raised over $6.7 million in funding and is targeting the $9 million mark by the end of May. Moreover, early backers of the KANG token have recorded 400% ROI, with potential for further gains.
Currently in its presale bonus stage, the KANG token is priced at $0.025. KangaMoon has an ambitious roadmap that could potentially trigger more price surges. For one, the meme project will tap into the flourishing global play-to-earn NFT industry, which had a market size valued at $3292.72 million in 2022 and is expected to increase in value at a CAGR of 17.93% to reach $8856.95 million by 2028.
Additionally, the meme project is set to get listed at the Tier-CEX, which is expected to pump the value of KANG to $0.5. Thus, experts see KangaMoon as the next 100x meme coin of 2024.
Next on the list is the leading meme coin by market capitalization; Dogecoin is gearing up for a repeat of the bullish golden cross. This is attributed to the recent bullish partnership with Tesla, which has enabled DOGE to become a form of payment for Tesla products. Even though Tesla didn’t officially announce the news, Dogecoin enthusiasts quickly noticed the change, triggering the price of DOGE.
Moreover, Elon Musk has been securing payment licenses for his social media platform X. This move signals Musk's intention to provide DOGE payments on the platform. So far, the X platform holds around 25 licenses, indicating that it is closer to Musk's dream of DOGE payments on the social media platform.
The price of Dogecoin has demonstrated remarkable performance. Looking at its technical analysis, the DOGE price is gearing up for further price pumping, increasing its demand on the market. Thus, Dogecoin is among the best meme coins to buy now.
Another meme coin that has captured the broader market with its impressive performance is Shiba Inu. The self-proclaimed Dogecoin killer is yet again heating up the market after recording a 200% burn rate. The bullish news coincides with SHIB’s volatile price action in the same period.
The meme coin’s burn tracker outlined the burn rate surge of 210.27%, incinerating more than 24 million tokens from the ecosystem. The burn rate has fuelled the usual rides of market optimism. However, amid further investigation, the burn rate is said to have been triggered by massive dead wallet transactions.
With the current momentum, Shiba Inu has been experiencing increased market activities, sparking conversation regarding the future price movements of SHIB. Many analysts are bullish about the Shiba Inu coin, suggesting that the meme coin is gearing for further gains. Thus, Shiba Inu could potentially become the best meme coin to invest in 2024.
As the second largest meme coin on the Solana blockchain by market capitalization, Dogwifhat has been on a positive trajectory, making remarkable milestones. Recently, Dogwifhat's price has grown significantly over the past few months, extending its value ahead of Bonk, the largest meme coin based on the Solana blockchain by market cap.
The recent increment can be attributed to various factors, including overall investor confidence. Large investors have continued to pile in more capital inflows into the derivatives markets. These traders are buying the Dogwifhat dip, hoping the meme coin will regain its upward momentum.
With fresh capital inflows, experts hint at the price of Dogwifhat snapping out from the current downtrend. Thus, they have made bullish predictions concerning the meme coin, suggesting it’s among the best meme coins to buy in 2024.
Self-proclaimed Shiba Inu and Dogecoin rival Floki has been making headlines for its robust market performance and controversial developments. Recently, the meme coin's official social media X account warned its users against unverified sources of information about the Floki coin.
The post reiterated that all Flokish insights, updates, and discussions are only from the team that developed the Floki crypto. And that this information can only be obtained through its official channels. Amid all these developments, a whale investor has bought many Floki coins, further sparking speculations on the market.
Whale activity on the Floki ecosystem caused a price jump despite the bearish market outlook. The unexpected surge has fuelled a glimmer of optimism, with traders anticipating further substantial gains. With this view, experts see the Floki coin among the best coins to buy in 2024.
In the ever-evolving crypto market, meme coins are staples for investors wishing to diversify their portfolios. The above meme coins have the potential to be the game changers of the year. However, KangaMoon offers an extra edge to investors due to its utility token and play-to-earn concept, which bring a different experience to the meme coin market.
While trying to find the best crypto investment, savvy investors must research before buying any crypto.
Discover the exciting opportunities for the KangaMoon (KANG) presale today!
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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.
