Dogwifhat (WIF) price is showing early signs of recovery despite the ongoing correction in the broader market. Using on-chain indicators and technical analysis, we figure out what to expect from the most popular memecoin in the Solana ecosystem in the coming days. On the other hand, KangaMoon (KANG), a notable participant in the meme coin industry, has been remarkable by already achieving a $4 million milestone in its ongoing presale.
This accomplishment has raised much concern among investors, including some who believe that KANG may be the next meme coin that will achieve a 100x rise in value by 2024, potentially happening ahead of Pepe (PEPE) and Bonk (BONK).
Dogwifhat looks promising
From March 23 to April 3, the number of daily unique WIF trades jumped 127.83% to 74,500. While this impressive growth is noteworthy, the metric’s current readings are still far from the peak of 161,000 recorded on March 5, indicating great potential for growth.
The average directional index has fallen from 53.38 to 28.21 over the past few days. ADX measures the strength of a trend without regard to its direction: values below 20 indicate a weak trend, and above 50 an extremely strong one. Current indicator readings indicate that the uptrend is still significant, although not as strong as before.
Dogwifhat (WIF) Price Prediction: New Highs
The golden cross that appeared on the chart on March 25th potentially foreshadows Dogwifhat long-term uptrend. This event occurs when the short-term EMA crosses above the long-term EMA, signaling a transition from bearish to bullish sentiment.
If growth continues, WIF could reach its all-time high of $4.82 and reach $5, thereby confirming continued investor interest in memecoins.
KangaMoon (KANG): Positioned to Join the Memecoin Giants
In contrast to the majority of memecoins, KangaMoon (KANG) has an added essence of utility as it will be used as an in-game currency for the upcoming Play-to-Earn game. Having such a distinctive trait grants the KANG token a great possibility of being used by gamers for purchasing in-game items or upgrading their characters.
Additionally, the service stands out from the crowd because of its community-oriented strategy. A community of active members is incentivized with KANG tokens to be given out before the official launch, leading to a community of over 20,000 members who are actively engaging with KANG on social media.
KangaMoon Presale & P2E Gaming
The final presale stage is now underway for KangaMoon, and it is priced at $0.0196, which is an impressive 291% increase from the initial offering price of $0.005. The ICO has raised in excess of $4,090,871.039 to date, with the end of April 2024 forecasted to see a further increase of total funds to $5 million. Market analysts are projecting a 100x price climb for KANG by the second quarter of 2024, especially once the coin is listed on a Tier-1 CEX.
The P2E gaming market, with estimated revenues of more than $885 million in 2028 (as reported by Yahoo Finance), offers an attractive investment prospect. Using KangaMoon to build a bridge between cryptocurrency and gaming, early investors will get a decent return, even with the smallest portion of the market growth.
