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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U. Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After its significant rally in 2021, many crypto investors believed Dogecoin would hit $1. However, Dogecoin faced a significant crash during the recent bear market, during which new projects like Shiba Inu took the spotlight.
Meanwhile, KangaMoon (KANG) pre-sale just entered a new phase.
Supporters of KangaMoon (KANG) can take part in pre-sale and buy tokens here.
Having decreased in value by 0.25% over the last year, investors are asking whether or not Dogecoin is falling behind. Dogecoin has experienced little ecosystem growth and has lost the support of celebrity enthusiasts like Elon Musk.
This has created a bearish sentiment throughout the Dogecoin ecosystem, and Dogecoin social activity is falling to all-time lows.
That said, a recent whale transaction of 250 million Dogecoin has reignited Dogecoin activity. This whale transaction moved 250 million Dogecoin from Robinhood to an anonymous wallet. Since it was made, Dogecoin’s daily trading volume has surged by 50%, though its price has decreased by 0.96%.
As Dogecoin loses its momentum, Shiba Inu continues to grow. Over the last year, Shiba Inu has implemented several new developments, including Shibarium, which has helped the Shiba Inu ecosystem soar.
While its growth initially slowed in 2024, Shiba Inu is once again thriving. Over the last week, Shiba Inu inflows increased by 2,595% from 275.2 billion SHIB to 2.31 trillion SHIB. This staggering increase shows that investors are extremely bullish about Shiba Inu.
As its ecosystem expands further, experts predict that Shiba Inu could become one of the best-performing meme coins of 2024. Given its price of just $0.00000952, the project is affordable and has high potential.
KangaMoon (KANG) is a new meme coin that quickly raised over $130,000 during its presale. This milestone is a big achievement for the project and displays that its unique social-fi approach could be popular among investors worldwide.
Unlike other meme coins, which focus on market hype for attention, KangaMoon combines play-to-earn gaming and social-fi to create a unique new ecosystem. Within this ecosystem, investors will have a range of earning opportunities, many of which come from engaging with other players in the KangaMoon ecosystem.
In the KangaMoon P2E game, players will be able to control, battle, and customize characters. By winning battles, they can earn rewards that can later be sold via the KangaMoon marketplace.
KangaMoon is in stage one of its presale. Its utility token, KANG, is selling for $0.005. Investors can buy tokens to build their portfolios and can earn bonus tokens by promoting KangaMoon on social media and helping to spread the message of the project.