The meme coin space has dominated the cryptocurrency market over the past month, enjoying double and triple-digit price gains. Some of the best meme coins on the market that have shown strength are Shiba Inu, KangaMoon, and Dogwifhat. Let’s take a look at the price movement and what’s happening in the ecosystem.
Shiba Inu (SHIB) Launches Name Service V1.1, SHIB Soars to Top 12
In a recent tweet, Shiba Inu announced the launch of the Shib Name Service (SNS), early access to the long-awaited Shib name token. The project has already frozen the transfer of the current token name to allow for a snapshot that will be used to airdrop new Shib names.
Meanwhile, Shiba Inu Coin is one of the better performing meme coins in the market, joining the top 12 cryptocurrencies by market capitalization. The price of the meme coin surged 255.0%, reaching a weekly high of $0.00004566 from a low of $0.00001048, according to data from CoinMarketCap.
During this period, Shiba Inu’s market capitalization and trading volume soared, reaching a market capitalization of $23 billion. The price surge attracted several investors to the platform, with more than 85% of SHIB holders benefiting.
Dogwifhat (WIF) price soars after being listed on Binance
Binance, a leading global cryptocurrency exchange, has announced plans to add Dogwifhat (WIF), a meme coin built on the Solana blockchain, to its trading roster. WIF trading is scheduled to launch on March 5, 2024 and will introduce four new trading pairs: WIF/USDT, WIF/FDUSD, WIF/BTC, and WIF/TRY.
The move to list WIF on Binance is expected to improve the visibility and liquidity of the token, attracting more investors and traders to the coin. Interestingly, Dogwifhat is currently one of the best performing meme coins on the market.
According to CoinMarketCap, the price of dogwifhat rose 142.0% last week and 522.1% last month. It recently surged from a monthly low of $0.1718 to a high of $1.96.
KangaMoon (KANG), one of the best meme coins to invest in
A newcomer to the meme coin space, KangaMoon (KANG) stands out as a top investment opportunity in the sector. Analysts expect KangaMoon could replicate the profits seen with Shiba Inu, predicting a return on investment (ROI) of 220% in the pre-sales phase.
Differentiating itself from Shiba Inu and dogwifhat, KangaMoon incorporates Social-Fi elements and Play-to-Entertainment (P2E) gaming. It allows players to create characters and earn rewards through competitive gameplay.
Winners will not only earn additional tokens, but also valuable in-game assets that can be traded on KangaMoon’s future marketplace, adding to the economic appeal of the platform.
These features position KangaMoon as one of the best meme coins you can buy right now, as it blends a meme coin with real-world utility. The current price of KANG token is $0.01125 with a three-level surge, so it is the best time to buy KANG token before the price rises.
Closing Thoughts
Shiba Inu, KangaMoon, and Dogwifhat have become some of the best meme coins to buy given their recent upward price movements. Investors looking to benefit from a massive rally in meme coins can consider it for profit in 2024.
Meanwhile, KangaMoon stood out on the list due to its connections to the play-to-earn (P2P) NFT gaming sector. According to Yahoo Finance, the market size of the global Play-to-Earn NFT games segment will grow by 17.93% to reach $8856.95 million by 2028. This means that there is a large market for KangaMoon to benefit from, making it one of the best meme coins. Invest.
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