two other memecoins follow its trajectory

Memecoin adoption skyrockets, market cap hits $64B Pepe price rises 900%, eyes Floki and KangaMoon for potential highs.

In the past few months, memcoin adoption has skyrocketed, pushing the memcoin market cap to a record high of $64 billion in the past few days. Among the meme coins that have seen huge rises is Pepe, which has grown by more than 900% in the past 12 months. As the price of Pepe rises, analysts are looking at other top meme coins that could lead to huge spikes like Pepe. After the recent token burn, Floki (FLOKI) is one of the tokens that tends to repeat the rally. Also, KangaMoon (KANG) will be listing soon, which is expected to drive huge gains.

KangaMoon price is set to rise after Bitmart's announcement

With the Kang The pre-sale is now in the reward phase, the BitMart CEX exchange has made a big announcement. The famous CEX announced the upcoming KANG lineup. This has led to a massive rush to accumulate the token. So far, over 10,000 people have purchased the preview with over 32,000 community members. The team raised $7,443,834,229 in pre-sale, which will likely reach $8 million this week.

The price of KANG, KangaMoon's native token, has been rising in the past few weeks, going from $0.0050 to $0.025. In essence, early buyers received returns of up to 400%. As one of the leading memecoins in the market, analysts expect the price to reach $0.5 in the third quarter and $1 before the end of 2024. As such, KANG is on track to become a leading cryptocurrency in the future.

For context, the KangaMoon ecosystem is a combination of the GameFi and SocialFi models. Through the Play to Win feature, users will connect with players globally and engage them in battles to test their skills. The SocialFi model also allows users to participate in weekly, monthly and quarterly challenges and win prizes. Users who win matches are rewarded with virtual currency and rare in-game items.

As a community for meme enthusiasts, the KangaMoon team has set 25% of the total token supply, representing 250 million in-game reward tokens. As such, users are rewarded with KANG tokens when they participate in KangaMoon social media activities such as the ongoing Kangameme contest. Overall, with its goal of opening up a $1 billion NFT market, KANG will likely dominate the memecoin market soon.

Pepe price hits new high as bear market returns

Pepe price has hit a new price record in the past few days as the memecoin market is witnessing a massive surge. According to market data from CoinMarketCapPepe price broke through the $0.000050 resistance zone in the past few days, setting a new ATH of $0.000017 in the process.

However, the return of the downward movement pushed the price of Pepe lower. Meanwhile, major market indicators such as PEPPi trading volume are bullish. As such, there may be a recovery and perhaps a rally on the horizon. While some analysts expect a price correction, the Pepe Fear and Greed indicator stands at Greed (74), indicating that Pepep is in the buy zone.

Could Floki's recent token burn trigger a rally?

After the decisive vote, which saw Floki DAO burn more than 15 billion tokens, analysts believe a rally is imminent for the coin. Market data It shows that the price of Floki has risen by 64% in the past month. However, the continued decline in the market has pushed the price lower, with a slight gain of 14% in the past week.

Meanwhile, Floki's trading volume and market capitalization are bearish with most major market indicators not showing positive signs. Even then, some analysts believe Floki is one of the meme coins to watch out for in the coming weeks. With the recent launch of the Floki trading bot and the launch of Floki's permanent trading features at Coinbase, Floki is poised to increase its adoption, making it a prime investment in memcoin.

To learn more, visit Official website of Gangamon Or follow the project via cable.