The largest memecoin on Solana, Dogwifhat (WIF), has surpassed PEPE in market cap, but is still behind DOGE and SHIB. Meanwhile, the new upcoming memecoin KangaMoon (KANG) is on fire. Over half of their presale tokens have already been snapped up.
Dogwifhat (WIF) lags behind memecoins on Ethereum
WIF has established itself as the leading memecoin in the Solana blockchain ecosystem : its market capitalization is twice that of its closest competitor, BONK. In 2024 alone, the price of the coin skyrocketed by more than 2000% from a modest $0.17 to $3.75. Dogwifhat (WIF) left behind such well-known memecoins as FLOKI and PEPE, which grew by 558% and 455%.
Although WIF’s market capitalization is still five times smaller than that of market veteran SHIB, the dynamic development of the Solana ecosystem suggests that the asset price could rise even higher.
Dogwifhat (WIF) RSI Hints at Continued Growth
The weekly Relative Strength Index (RSI) has moved slightly lower over the past couple of days. This suggests that although the WIF rate is rising, its momentum is not too overheated yet, leaving room for the rally to continue.
The latest instance of a daily fall in Dogwifhat (WIF) 7-day RSI was followed by a significant price surge of over 100%. If the scenario repeats, memecoin will again update its historical maximum.
Over 50% of KangaMoon (KANG) presale tokens are gone
The KangaMoon (KANG) memecoin has shined in its ongoing presale swiftly establishing itself as a one of the high potential upcomers in the memecoin market. Amidst the dynamic market of cryptocurrency, three prominent cryptocurrencies have recently garnered significant attention: KangaMoon, Bitcoin, and Binance Coin. KangaMoon, in particular, has sold over 50%, swiftly establishing itself as a leading contender in the memecoin market. This surge is attributed to its unique functionality as the primary in-game currency for the upcoming play-to-earn game within the KangaMoon ecosystem, setting it apart from other memecoins.
🚀 Stage 4 Alert!
The presale is OVER 50% SOLD OUT!!!! & moving at lightning speed!💥
Don’t miss out on the chance to snag $KANG tokens at the LOWEST price ever!
Plus, there’s a 10% deposit bonus waiting for you! 🌟
Join Now: https://t.co/RcKTP0tbQy#Memes #KnockoutMeme pic.twitter.com/xqgziZ1HPU
— Kangamoon (@Kangamoon_P2E) March 29, 2024
Analysts are watching KangaMoon (KANG)
Analysts believe that KangaMoon (KANG) can reach a new ATH if the trend persists, marking it as the top memecoin to buy in 2024. KangaMoon has all chances to be the standout memecoin of 2024. In 2023, Pepe led the memecoin market growth and KANG is designed to replicate the feat, potentially rising by 1000% before the end of the year.
With KangaMoon, a new community of memecoin lovers is created where intense gameplay activities thrive. Players get to compete with one another on a weekly, monthly, and quarterly basis, earning multiple rewards by winning gaming tournaments and competitions. There is room for spectators to also speculate on match outcomes and win amazing prizes. With its presale at stage 4, KangaMoon native token KANG can be purchased at $0.014.
