The Dogecoin price has reached its highest level since December 2021. The positive price dynamics are also highlighted by bullish EMA signals and an increase in the number of addresses holding more than 10 million DOGE, which indicates high investor confidence. On the other hand, KangaMoon (KANG) is stepping up as one of the big players in the memecoin game for scoring hefty profits this year. With presale funds cruising past $3 million, there’s a chance they could shoot past $4 million by the end of Stage 4.
Whales continue to accumulate Dogecoin
The DOGE market has seen a noticeable increase in the number of large investors. The number of addresses storing from 10 million to 100 million coins increased from 520 to 551 in less than two weeks. At the same time, the DOGE price jumped from $0.14 to $0.20.
This enthusiasm from the whales indicates high confidence among large investors in the future of Dogecoin and is often seen as a harbinger of broader market growth. Whales have enough influence to significantly reduce supply, and this could be the catalyst for a sharp rise in prices.
Even after the recent pump, the RSI is still not alarming
Even after the recent DOGE rally, the Relative Strength Index (RSI) is still showing bullish sentiment. It has dropped slightly from 80 to 79, but still remains above the typical overbought threshold of 70. Strong buying pressure hints at potential gains for DOGE.
Dogecoin forecast: can the price reach $0.36 in April
On the 4-hour chart on March 22, a “golden cross” formed. The short-term exponential moving average (EMA) lines crossed upward from the long-term EMA. This crossover, where all EMA lines are now below the current price, is considered a bullish signal.
EMA lines give more weight to recent price data, making them more sensitive to price changes than simple moving averages. The fact that the short-term EMAs are above the long-term ones and yet below the current price indicates strong buying pressure and positive momentum for Dogecoin.
KangaMoon (KANG) and the Play-to-Earn Market
The KangaMoon (KANG) project aims to enter the lucrative Play-to-Earn market, alongside the booming $55 billion meme coin sector. While this venture holds the promise of substantial revenue, it also presents an enticing opportunity for early investors eyeing the potential of this burgeoning meme coin.
Analysts forecast a surge for the native KANG token, expected to reach $0.5 from its current price of $0.014 upon listing on tier-1 exchange platforms in Q2 of this year. Moreover, the integration of KANG as the primary in-game currency within the KangaMoon ecosystem has attracted significant attention, particularly as the coin enters Stage 4 of its presale, boasting a remarkable 180% surge for early investors.
Crossed $3 Million in a Quick Presale: The Community-Driven Approach Fuels KangaMoon Growth
KangaMoon’s recent 180% price increase from its initial offering has added excitement to its battle-themed metaverse and betting opportunities. The project’s presale strategy prioritizes community involvement, rewarding active members with free KANG tokens for engagement across social media platforms.
With its community-driven approach, KangaMoon aims to establish itself as the leading meme coin community in the market. Presently, KangaMoon emerges as one of the top contenders for substantial gains in the meme coin arena this year, as its presale funds surpass $3 million and potentially exceed $4 million by the conclusion of the ongoing Stage 4 presale.
