On-Chain Data Reveals Traders Are Still Heavily Accumulating This PEPE And Wif Rival

The meme coin market, currently valued at over $58.8 billion, has seen a massive inflow of new tokens. Meanwhile, on-chain data reveals that traders are heavily accumulating a new player which is still in its presale stage – KangaMoon. Despite the increase in the market cap of Pepe and the positive price analysis for Dogwifhat, KANG, these tokens’ rivals, is consistently making higher highs. Let us find out why.

Pepe Market Cap Increases Amid Price Surge

The frog-themed meme coin, Pepe, which peaked at $6.16 billion, has reached a market capitalization value of over $5.7 billion and is currently ranked 20th on CoinMarketCap. The Pepe price has also attained a new ATH of $0.00001467. The meme coin defied market expectations and surged even further despite the significant selling pressure evident due to large liquidations.

Within the last week, the Pepe price increased by 36.56% as it gained momentum. However, the market is obviously under a lot of pressure to sell given the significant liquidations, which total $8.46 million. Futures and options open interest has increased by 2.41%, but 24-hour derivatives volume has dropped by 24.64%. Meanwhile, the Pepe market cap is up by 7.45% and is currently hovering around $5.79 billion.

Dogwifhat Price Chart Analysis

The Dogwifhat price has continued to rise, and the bulls have tightened their hold on the rally ever since the token-initiated trade. Despite a few bearish obstacles, the Dogwifhat price experienced a recent upswing that lifted the levels above the trend. As a result, it is now anticipated that the Dogwifhat price will start a new upward trend and soon reach $3.35.

Moreover, the Dogwifhat price chart reveals that the meme coin has reached the peak of its consolidation and has been moving inside a clear triangle. The RSI is still circling the average range, but the MACD is about to start a bullish crossover and move into the positive range. This implies that the price might move toward the local resistance level between $3.27 and $3.56 with the arrival of additional bullish volume.

KangaMoon Is Among The Top Meme Coins

Currently, KangaMoon (KANG) is becoming well-known in the meme coin market. Its ongoing presale has raised more than $7 million to date, and estimates indicate that it will surpass $7.5 million in the next two weeks. Furthermore, KangaMoon has made itself known by creating a sizable community with over 32,000 registered users.

KangaMoon is a source of excitement for traders worldwide as it seeks to dominate the Play-to-Earn (P2E) gaming market. To do this, it will start a P2E game where you can participate in in-game activities to win KANG. It’s also essential to hold the KANG token because it gives you access to weekly, monthly, and quarterly challenges that offer extra rewards and in-game items.

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Interestingly, before its official launch, KangaMoon is giving away free KANG tokens to its most engaged community members. As a result, a great number of traders are swarming KangaMoon’s social media channels in an attempt to spread the word about it and win this promising meme coin. KANG is now only $0.025 during the Bonus Stage of this project’s presale, 400% more expensive than it was at the beginning of the presale.

BitMart, a tier-1 CEX, recently revealed that KangaMoon will be listed soon on the exchange. Analysts are still optimistic because of this fact and its connections to the P2E gaming market. Interestingly, both CoinMarketCap and CoinGecko have already listed KangaMoon. In Q2 of 2024, analysts predict that KANG will rise to $0.5, making it secure its position among the top meme coins.

Can KANG Outperform Other Memecoins?

KangaMoon can raise its price with less cash inflow because of its significantly smaller market capitalization. Because of this characteristic, KANG might do better than other memecoins in terms of percentage price growth, even as analysts predict an exponential rise in the coin’s value after it is listed in Q2 of 2024, positioning KANG as one of the top meme coins.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

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