The dogwifhat (WIF) memecoin rate is catching up thanks to a tweet from billionaire and lover of digital and real dogs Elon Musk. Meanwhile. KangaMoon (KANG) is currently dominating headlines in the memecoin market.
Elon Musk Tweet and dogwifhat (WIF) Reaction
On St. Patrick’s Day, celebrated on March 17, Elon Musk posted on X (formerly Twitter) a photo of his pets – three dogs. They were all wearing hats. Against the backdrop of this turn of events, the price of the digital “dog in the hat” immediately soared by 32%.
— Elon Musk (@elonmusk) March 17, 2024
The dog’s secret is in the hat
According to CoinGecko , at the time of writing, the price of the dogwifhat token is $2.83. After Elon Musk tweet, the price of WIF rose to $3.26, but then corrected. However, last week, although memcoin rose in price by 36%, it still showed not very impressive dynamics most of the time. Several times the coin rate dropped below $2.
Over the month, the price of WIF has strengthened by 695%. Therefore, Memcoin is currently considered one of the most successful coins on the market. WIF’s capitalization is estimated at $876 million, which makes it the fourth top asset by this indicator. Only Dogecoin ( DOGE ), Shiba Inu ( SHIB ) and Pepe ( PEPE ) are ahead of the “dog in the hat”.
Previously, the dogwifhat community raised enough funds to place the project logo on one of the most famous buildings in Las Vegas.
KangaMoon (KANG) dominating headlines in the memecoin market
KangaMoon (KANG) is currently dominating headlines in the memecoin market. This Stage 3 presale star has already provided early buyers with a 125% return on investment (ROI). Market analysts have even hinted at its potential to reach $1 in 2024, which could position it above other prominent memecoins such as PepeFork (PORK) and Doge Killer (LEASH). Let’s explore why.
KangaMoon (KANG) is a distinctive coin capturing investors’ attention. The primary factor that attracts them is its innovative utility. Unlike 99% of memecoins, KANG will possess tangible utility, serving as the in-game currency for KangaMoon’s upcoming play-to-earn (P2E) game. With KANG, you can purchase upgrades for your characters and in-game items.
KangaMoon: Presale Success and Potential for Memecoin Dominance
KangaMoon has already raised over $1M in its presale, and it is anticipated to reach at least $2M by the conclusion of March. Its Community Engagement Campaign Season 1 provides another opportunity to earn tokens simply by sharing or liking posts on social media. With this community-oriented focus, KangaMoon could secure the most active meme communities.
At the moment of writing, KangaMoon is in Stage 3 of its presale. One KANG is priced at only $0.01125 – marking a 125% increase from its initial price of $0.005. Analysts forecast that KangaMoon could eventually skyrocket to $1 when it lists on a Tier-1 CEX in Q2 2024. This positions KANG as one of the premier memecoins in 2024. Furthermore, it holds connections to the P2E NFT games market that Yahoo Finance states will reach $885M by 2028. Considering all these factors, KANG could emerge as the top memecoin to invest in. Register below to secure a 10% bonus on each purchase.
