PEPE is declining, but if whales are to be believed, the frog meme-inspired cryptocurrency will soon hit its all-time high (ATH) again. On the other hand, KangaMoon has emerged as a ray of hope in the memecoin market, attracting significant attention from traders. The token’s presale journey has been nothing short of sensational, raising over $4.9M and positioning itself as a promising investment opportunity.
PEPE Whales Activity
Large holders of PEPE “Whales”, control a significant portion of all coins in circulation, so their actions greatly influence the dynamics of the market, forcing other investors to follow their example. Now whales are willing to replenish their wallets with new tokens, and their activity benefits PEPE. In the last ten days alone, large holders have bought more than 4 trillion PEPE worth over $20 million.
Memecoins tend to be extremely volatile. Therefore, if large investors are ready to pour millions of dollars into them, we can assume that they are gearing up for rising prices.
Retail investors are also in no hurry to sell coins, which confirms the bullish sentiment. When small investors control a significant portion of the supply, the market is considered bearish. This is due to the fact that they tend to sell coins within a month of purchase, thereby causing downward price dynamics.
PEPE Price Forecast
At the time of writing, PEPE is trading in the $0.0000051 area and is moving within a bullish trend. This bullish reversal pattern is characterized by a narrowing price range and lower highs and lows that indicate the likelihood of an upward breakout.
Considering the behavior of investors, we can assume that if the upper boundary of the wedge breaks out around $0.00000633, the price could rise by 60%. As a result, memecoin will not only overcome the $0.00001000 mark, but will also set new all-time highs.
Engagement and Rewards with KangaMoon
KangaMoon offers users a dynamic platform to participate in weekly, monthly, and quarterly competitions, earning rewards and prizes along the way. Moreover, holders can earn free KANG tokens by actively engaging in community activities, fostering a vibrant and interactive ecosystem around the project.
During stage 5 of the presale, KangaMoon’s price surged from $0.005 to $0.0196, showcasing rapid growth and a massive 290% ROI for early investors. Analysts are optimistic, projecting a potential 1000% increase by the end of the ICO campaign. With over 20k participants and 6000 holders, KangaMoon’s acceptance in the market is on a steady rise.
Future Prospects and Bullish Momentum
The KangaMoon token is currently on a bullish trend and it is one of the tokens that offers a good investment opportunity in the memecoin market. The analysts predict that this moment is the beginning of a bright future as a result of the hype of the NFT market which is currently worth over $200B. The bullish momentum might continue and KangaMoon might reach $0.5 in Q2.
This could be a good thing for investors who are looking for a high-potential investment in the crypto world which is evolving. Its unique blend of SocialFi and play-to-earn features has catapulted KangaMoon to the forefront of the best memecoins to invest in.
