A new meme coin called KangaMoon has entered the crypto space to battle too meme coins like Dogecoin and Shiba Inu. Despite being just in the cryptocurrency ICO stage, the project’s utility makes it a top contender to Dogecoin and Shiba Inu.
Dogecoin (DOGE) Active Addresses Reach New Peak
Dogecoin’s (DOGE) daily active and new addresses have increased, according to data from IntoTheBlock. Over the last week, the Dogecoin network witnessed a 1,094% growth in new addresses.
On January 29th, 247,240 new DOGE addresses were created, the highest ever. Also, Santiment data show a 12% increase in Active Addresses. The data revealed that the Dogecoin Active Address count reached 393,060 on January 30th.
This increase shows that Dogecoin investors are still bullish about the project. Also, it supports the thesis that there is an increase in demand for the asset.
These activities support the chances for a bullish Dogecoin price movement. Surprisingly, the DeFi token has increased 5.6% in the past week, moving from a low of $0.07653 to a peak of $0.08259.
Shiba Inu (SHIB) Can Pump Anytime, Says Analyst
Market analyst SHIB KNIGHT has revealed that Shiba Inu (SHIB) has moved past its recent decline in the 2-hour chart. In a later update, the analyst mentioned that Shiba Inu could see quick and big jumps in price.
At the moment, Shiba Inu coin has pumped 7.2% on the 7-day price chart. The DeFi token has risen from a 7-day low of $0.000008627 and peaked at $0.000009328.
The Shiba inu army can ride the wave and rise to $$0.00001 in the coming season. Moreover, the token’s burn event increased in January 2024 as the Shiba Inu team and the community burned millions of tokens.
Also, the team has announced that it will soon begin testing for its auto-burn feature. If this is successful, Shiba Inu’s total supply could drop in the coming months, positively affecting its price.
KangaMoon (KANG), the Best Cryptocurrency in the Market
KangaMoon (KANG) is a memecoin project that aims to combine the features of memecoins and NFTs onto a single platform. The goal is to bring together memecoin enthusiasts from all around the world on one platform.
Meme coins, such as Shiba Inu and Dogecoin, rely on hype but not the KangaMoon token. The token serves multiple purposes in the KangaMoon ecosystem. It is the KangaMoon ecosystem’s native token, with holders receiving discounts, rewards, and access to unique NFTs.
Thus, KangaMoon is the best cryptocurrency to buy in 2024. Also, SOLIDProof has evaluated KangaMoon’s smart contracts. This shows the platform’s commitment to the security of its users and their assets.
Experts believe KangaMoon has the potential to be a blue-chip project in the coming months. KangaMoon is currently in the early stages of its presale, with each KANG token priced at $0.005. Analysts predict that KangaMoon will skyrocket 220% during the presale period and 100x after its launch making it one of the best memecoins to buy in 2024.
Final Thoughts
Dogecoin and Shiba Inu are memecoins that saw huge price growth after their launch, even without utility. Those who missed out on them can join the KangaMoon meme coin project, which is just in the cryptocurrency ICO stage.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Source: https://coinpedia.org/press-release/battle-of-meme-coins-dogecoin-vs-shiba-inu-vs-kangamoon/