Dogecoin (DOGE) and Shiba Inu (SHIB) saw a substantial increase in value during the month of February. The rise in Bitcoin (BTC) prices sparked this surge, leading to a market-wide rally that boosted the value of meme coins. Both Dogecoin and Shiba Inu have reached their highest levels of the year.
Crypto enthusiasts are now eyeing KangaMoon as the next potential beneficiary of this bullish trend. The new meme coin has already gained significant attention and is currently aiming for a remarkable 320% return during its ongoing presale.
The question on everyone’s mind is whether Dogecoin can surpass the $0.2 mark. In the past week alone, Dogecoin’s price has surged by an impressive 90.67%. Currently trading at $0.1812, Dogecoin holds the title of the seventh most traded cryptocurrency worldwide. Over the last 24 hours, its trading volume has surged by 54% to reach $7.82 billion.
This surge in trading volume is the highest Dogecoin has seen since 2022, leading many to speculate that the token may soon hit the $0.2 milestone in the first quarter of the year. However, some analysts warn of a potential consolidation period for Dogecoin, as the token has historically experienced significant drops following major rallies.
On the other hand, Shiba Inu has also experienced a remarkable surge in price, making it the 5th most traded cryptocurrency globally. Currently priced at $0.00003987, SHIB has climbed to the 11th position in terms of market capitalization, just behind Dogecoin. In the past 24 hours, Shiba Inu’s trading volume has surged by a staggering 224.20% to $13.57 billion, solidifying its position as the world’s most traded meme coin.
Meanwhile, KangaMoon has been making waves in the meme coin market, with its second presale round selling out quickly. Investors are showing strong confidence in KangaMoon’s unique social-fi and play-to-earn model, which incentivizes user engagement within the community. The project offers various challenges and rewards for users to interact and boost their profits.
With a 10% bonus available in the third presale round, KangaMoon tokens are currently priced at $0.01125, following a second price increase after the successful sale of stage 2. The project’s social-fi features and exciting play-to-earn game have positioned KangaMoon as a promising contender in the meme coin space.
Despite being a newcomer, KangaMoon has several advantages, including untapped potential for early growth and a strong utility value. These factors differentiate KangaMoon from other meme coins and give it a competitive edge in the market.
For more information, visit the KangaMoon website or join the Telegram community for updates. As the crypto market surpasses $2.5 trillion amid the surge of meme coins, the future looks bright for projects like KangaMoon.