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Meme coins have been a major part of the crypto scene ever since Dogecoin (DOGE) proved to be a major success upon release. But today, competitors like Shiba Inu (SHIB) and Kangamoon (KANG) are also making waves and bulls are regaining control.
The Dogecoin (DOGE) cryptocurrency is ready for a price breakout from its primary resistance. As more buyers get involved in the process of trading and pushing the Dogecoin price to the moon, the accumulation rate is expanding.
Moreover, investors in the Dogecoin crypto are eyeing its moving averages. The Dogecoin price is now trading at the 20-EMA and is reaching the 50, 100, and 200-day moving averages.
The DOGE crypto finally gained a strong upward trend and is trying to sustain the primary resistance level of $0.061. According to the Dogecoin price prediction, however, it can surge to $0.098 by the end of 2023.
There is currently a bullish sentiment among investors surrounding the future value of Shiba Inu (SHIB). The cryptocurrency has a concentration of 77% among large holders, and their moves can significantly influence the value of the Shiba Inu crypto.
In addition, during the past week, the Shiba Inu ecosystem experienced transactions greater than $100,000, amounting to $98.4 million. This is another indication that big whales are actively translating.
Shibarium also reached 1.25 million addresses, and the Shiba Inu ecosystem is expanding. Based on the Shiba Inu price prediction, it can climb to $0.00001078 by the end of the year.
The Kangamoon project is the next groundbreaking meme coin that is building a robust community of meme coin lovers and gaming enthusiasts by blending memes with P2E. Moreover, it will connect gamers globally by introducing P2E elements through which anyone can monetize their gaming experience.
Players take up the role of a Kangamoon character, which is a kangaroo that is passionate about boxing. Moreover, they can build their characters with specific skills and engage with other players internationally in tournaments.
They can even play different quests to get rewards. They can earn virtual currencies and sell any of the valuables they've collected in-game.
During the early presale period, the starting price for its native token, KANG is $0.005. However, the P2E NFT games market in 2023 is expected to expand at a CAGR of 21.3%, based on Business Research Insights reports.
As a result, there is massive interest in the market, and if Kangamoon grabs a portion of this market, analysts project that it will climb by 22x by the completion of the presale.
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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.
