Dogecoin (DOGE) and Shiba Inu (SHIB) experienced significant growth in February. A Bitcoin (BTC) surge triggered this growth, and a market-wide rally has driven up the value of meme coins. Dogecoin and Shiba Inu have hit annual highs.
Altcoin enthusiasts are optimistic that KangaMoon could also ride the current bull wave. The new meme coin has already gained significant traction and is now chasing 320% returns during its ongoing presale.
Can DOGE surpass $0.2?
Over the last seven days, Dogecoin’s price has surged by 90.67%. Presently, Dogecoin is trading at $0.1812 and is the world’s seventh most traded cryptocurrency. In the last 24 hours, Dogecoin’s daily trading volume increased by 54% to $7.82 billion.
This is the highest trading volume Dogecoin has experienced since 2022, and it won’t be a surprise if the token hits the $0.2 mark within Q1. Recent Dogecoin trends suggest that DOGE is due for a consolidation.
Dogecoin has crashed after large rallies. Consequently, bearish analysts predict that Dogecoin could dip to $0.15 before experiencing additional growth.
SHIB is now the 5th most-traded cryptocurrency
Following a significant price surge over the last 24 hours, Shiba Inu has hit several milestones. Currently trading at $0.00003987, SHIB has become the 11th-ranked cryptocurrency by market cap, just one spot behind Dogecoin.
This exponential rally has triggered a massive surge in Shiba Inu’s daily trading volume. In the last 24 hours, SHIB’s daily trading volume increased by 224.20% to $13.57 billion.
This makes Shiba Inu the world’s 5th most traded cryptocurrency, and the world’s most traded meme coin. Whether SHIB has all it takes to dethrone DOGE remains to be seen.
KangaMoon’s (KANG) second presale round sells out
KangaMoon is making headlines once again after selling out during stage two of its presale. This round sold out in record time, suggesting that investors are extremely bullish about KangaMoon’s hybrid social-fi and P2E model.
This model will incentivize user interaction throughout the KangaMoon community. For example, users will be rewarded for networking and can complete weekly, monthly, and quarterly challenges to boost their profits.
Users will be able to generate profits from the onset of the KangaMoon presale. Investors who help to promote KangaMoon will be granted additional $KANG tokens, on top of any buy bonuses they earn during presale rounds.
In round three, investors can get a 10% bonus on their KANG purchase. Tokens are presently selling for $0.01125, having experienced a second price increase after stage 2 of the KangaMoon presale sold out.
With several lucrative social-fi opportunities, as well as an action-packed P2E game, KangaMoon has the potential to hold its own in the meme coin community.
Although KangaMoon is a new entry to the meme coin market, it has several advantages. Firstly, the project is yet to experience early growth. This means it could offer holders outsized gains after its launch and exchange listing.
Secondly, KangaMoon showcases fantastic utility. This sets it apart from meme coins without real use cases and gives KANG a unique selling point in a competitive market.
