The second-largest memecoin by market capitalization, Shiba Inu (SHIB), is facing serious competition from the rising dogwifhat (WIF). At the sametime, KangaMoon (KANG), a new memecoin in the presale stage, is now riding the bull market as-well, as it surged 180% in value already, and could spike far more significantly in the future. Today, we will go over all three memecoins to see how far they can rise, and will see which is the best crypto to invest in.
Traders switch from Shiba Inu to WIF
Since the beginning of March, Shiba Inu’s price performance has been disappointing. However, competition from the rapidly growing dogwifhat has added to the existing problems. However, its an overnight sensation, Solana’s Memecoin is currently the third largest memecoin. Even though WIF has a market capitalization of just $4 billion, the altcoin’s daily trading volume exceeds $900 million. SHIB’s trading volume, which is valued at $15 billion, is only $69 million ahead of it. This suggests that the potential that Shiba Inu, it’s fading away.
In addition, a significant portion of the SHIB supply is at risk of becoming unprofitable: more than 77.44 trillion tokens, valued at over $2.52 billion, purchased at prices between $0.00003100 and $0.00002500, are close to losing profitability.
Shiba Inu (SHIB) Price Forecast
Shiba Inu price is close to falling below $0.00002584. Moreover, this level has repeatedly acted as support, which makes its loss quite significant. Considering the above factors, the most likely scenario would be a decline to $0.00002268.
However, given the importance of the $0.00002584 support line, SHIB may try to return to $0.00002853. If this level turns into support, the likelihood of a bearish scenario will fade away and memecoin will once again head towards $0.00003000.
KangaMoon (KANG) Rides the Memecoin Bullish Wave
KangaMoon (KANG) can experience a remarkable level of growth even despite it being a newer project in the industry as it has also been riding the crypto bull market before the upcoming BTC halving event. Meanwhile, the unique aspects behind KangaMoon that have enabled it to stand out from other projects include its Social-Fi features, community-driven approach and Social-Fi elements.
On top of it, anyone can create a KangaMoon character to begin engaging with the various gameplay elements. This way, they can fight in tournaments or even complete challenges to get rewards in the form of KANG tokens or rare NFTs.
Moreover, during its crypto ICO, the project has already raised over $3,700,000 and could soon break above $4,300,000 according to projections, and this could happen in the next two weeks. Moreover, its value has spiked from $0.005 to $0.014, and at launch, analysts are projecting a 4,000% price increase.
Kangamoon Ecosystem & Marketplace Integration
The integration of a marketplace within the Kangamoon ecosystem further enhances the Play To Earn experience. Players will be able to buy and sell in-game items, characters, and rare digital collectibles, creating a vibrant economy within the game. However, this opens up endless possibilities for players to monetize their gaming achievements and build their virtual wealth.
As the Kangamoon project progresses, it’s important to keep in mind that the information provided in this whitepaper is subject to change. The team behind Kangamoon is constantly working to improve and innovate, ensuring that the community has the best possible experience.
