DOGE and SHIB soar to unprecedented levels as KangaMoon presents promising prospects
Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant growth in February, thanks to a surge in Bitcoin (BTC) and a market-wide rally that has driven up the value of meme coins. Both Dogecoin and Shiba Inu have reached their highest levels in a year.
Altcoin enthusiasts are hopeful that KangaMoon could also benefit from the current bullish trend. This new meme coin has already gained significant traction and is currently aiming for a 320% return during its presale.
Can DOGE surpass $0.2?
In the past week, Dogecoin’s price has surged by 90.67%. It is currently trading at $0.1812 and ranks as the seventh most traded cryptocurrency in the world. In the last 24 hours, Dogecoin’s daily trading volume has increased by 54% to $7.82 billion.
This is the highest trading volume Dogecoin has experienced since 2022, and it wouldn’t be surprising if the token reaches the $0.2 mark within the first quarter of the year. Recent trends suggest that DOGE is due for a consolidation, as it has historically crashed after significant rallies. Bearish analysts predict that Dogecoin could dip to $0.15 before experiencing further growth.
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SHIB is now the fifth most traded cryptocurrency
After a significant price surge in the past 24 hours, Shiba Inu has achieved several milestones. It is currently trading at $0.00003987 and has become the 11th-ranked cryptocurrency by market cap, just one spot behind Dogecoin.
This exponential rally has led to a massive increase in Shiba Inu’s daily trading volume, which has risen by 224.20% to $13.57 billion in the last 24 hours. As a result, Shiba Inu is now the fifth most traded cryptocurrency in the world and the most traded meme coin. Whether SHIB will surpass DOGE remains to be seen.
KangaMoon’s (KANG) second presale round sells out
KangaMoon has once again made headlines by selling out during the second stage of its presale. This round sold out in record time, indicating that investors are highly bullish about KangaMoon’s hybrid social-fi and play-to-earn (P2E) model.
This model will incentivize user interaction within the KangaMoon community. Users will be rewarded for networking and can participate in weekly, monthly, and quarterly challenges to increase their profits.
Investors will be able to generate profits from the beginning of the KangaMoon presale. Those who help promote KangaMoon will receive additional KANG tokens, in addition to any buy bonuses they earn during the presale rounds.
In the third round, investors can enjoy a 10% bonus on their KANG purchase. The tokens are currently selling for $0.01125, following a second price increase after the second stage of the presale sold out.
With its attractive social-fi opportunities and action-packed P2E game, KangaMoon has the potential to establish itself in the meme coin community.
Although KangaMoon is a newcomer to the meme coin market, it has several advantages. Firstly, the project is still in its early stages, which means it could offer significant gains to holders after its launch and exchange listing.
Secondly, KangaMoon offers great utility, setting it apart from meme coins without real use cases and giving KANG a unique selling point in a competitive market.
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