Shiba Inu’s price is up 15.8% over the last week following Bitcoin’s surge. This rally has triggered an uptrend in Shiba Inu’s daily trading volume and created hype around the Shiba Inu ecosystem. But does the meme coin have a new competitor?
Over the last 2 months, KangaMoon has been gaining significant momentum. After recently hitting a new all-time high, experts predict that KangaMoon could become one of the best meme coins of 2024.
Shiba Inu Trading Volume Surges 102%
In the last 24 hours, Shiba Inu’s daily trading volume has increased by 102%. SHIB’s volume is now $956 billion, the highest it has been in 2024. This surge follows a Bitcoin rally, during which Bitcoin hit an annual high. Now, experts are asking how much longer Shiba Inu can continue to rally.
At the time of writing, SHIB was trading at $0.00001098, its highest price since December 2023. This has created hype throughout the Shiba Inu community, who now predicts that SHIB could hit an all-time high later this year.
However, not all experts agree with this perspective. Before this rally, Shiba Inu experienced moderate gains in 2024 and was outperformed by many of the market’s top meme coins. Furthermore, SHIB tokens have increased by just 20.75% over the last month, suggesting that even during a bullish market, Shiba Inu is offering mediocre growth at best.
As a result, some investors are choosing alternative meme coins, with KangaMoon being a popular option. Having already offered higher returns than Shiba Inu over the last month, this exciting new project is expected to soar.
Could This Meme Coin Outperform Shiba Inu?
Although Shiba Inu is currently bullish, experts believe the meme coin could crash once Bitcoin’s growth slows. This new meme coin, however, is expected to offer strong returns regardless of market trends.
KangaMoon has already surged in value by 50% since its presale started. Now, having attracted over 3,000 investors, experts believe KangaMoon will become one of the best meme coins of the year.
This innovative project stands apart from other meme coins with its combination of social-fi and P2E features. As well as a P2E game, KangaMoon will reward its users for their social activity. This incentive is designed to help KangaMoon build the market’s most lucrative community, in which users can network, build new friendships, and meet like-minded individuals.
KangaMoon is currently in stage 2 of its presale. During its presale, investors will be able to maximize their returns by helping to promote the KangaMoon presale. By doing so, they will be rewarded with additional $KANG tokens.
$KANG tokens are currently selling for $0.0075, and are quickly selling out. Over 42% of the round two supply has sold out. Once sold, $KANG tokens will increase for a second time.
Is KangaMoon The Meme Coin to Buy In 2024?
Having already experienced a strong performance, experts are bullish about KangaMoon. With its presale currently selling out fast, bullish experts predict that $KANG could surge 100x over the next year. This has made it an extremely popular investment and $KANG is expected to become a huge hit throughout the meme coin community.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Telegram Community: https://t.me/Kangamoonofficial
Source: https://coinpedia.org/press-release/hidden-gem-meme-coin-sensation-is-gaining-traction-can-it-rival-shiba-inu/