Meme Coins Skyrocket – Shiba Inu, Dogwifhat, And KangaMoon Lead the Charge

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The meme coin space has dominated the cryptocurrency market in the last month as they enjoy double and triple-digit price gains. A few of the top meme coins in the market that have experienced bullish price actions are Shiba Inu, KangaMoon, and Dogwifhat. Let us look at their price action, and happenings in their ecosystems.

Shiba Inu (SHIB) Releases V1.1 of Name Service, SHIB Surges To Top 12

In a recent tweet, Shiba Inu announced the launch of Shib Name Service (SNS), the long-awaited early access to Shib name tokens. The project has already frozen the transfer of current token names to allow a Snapshot that will be used to airdrop the new Shib names.

Meanwhile, the Shiba Inu coin is one of the performing meme coins in the market, as it joined the top 12 cryptos by market cap. Data from CoinMarketCap showed that the price of the meme coin skyrocketed 255.0% to reach a weekly high of $0.00004566 from a low of $0.00001048.

During this period, Shiba Inu’s market cap and trading volume have skyrocketed with the market cap rising as high as $23 billion. The price surge has attracted several investors to the platform, with over 85% of SHIB holders in profit.

Dogwifhat (WIF) Price Skyrockets As It Is Listed on Binance 

Binance, the leading global crypto exchange, has revealed its plans to include Dogwifhat (WIF), a meme coin built on the Solana blockchain, in its trading roster. The trading of WIF is scheduled to commence on March 5, 2024, introducing four fresh trading pairs: WIF/USDT, WIF/FDUSD, WIF/BTC, and WIF/TRY. 

This move to list WIF on Binance is anticipated to enhance the token’s visibility and liquidity, likely drawing additional investors and traders to the coin. Interestingly, Dogwifhat is one of the best-performing meme coins in the market right now.

According to CoinMarketCap, the price of dogwifhat has increased 142.0% in the past week and 522.1% in the past month. It recently surged from a monthly low of $0.1718 to a peak of $1.96.

KangaMoon (KANG), One of the Top Meme Coins To Invest In

KangaMoon (KANG), a newcomer in the meme coin space, stands out as the premier investment opportunity in this segment. Analysts predict that KangaMoon could replicate the gains seen with Shiba Inu, forecasting a 220% return on investment (ROI) during the presale phase.

Setting itself apart from Shiba Inu and dogwifhat, KangaMoon merges Social-Fi elements and play-to-earn (P2E) gaming. This allows players to create characters and earn rewards through competitive gameplay. 

Winners not only gain extra tokens but also valuable in-game assets, which can be traded on KangaMoon’s forthcoming marketplace, adding to the platform’s economic appeal.

These features position KangaMoon as one of the best meme coins to buy right now as it mixes meme coins with real utility. With the current price of KANG tokens at $0.01125 as it surged into stage 3, this is the best time to buy the KANG token before its price increases.

Closing Thoughts

Shiba Inu, KangaMoon, and Dogwifhat have become the best meme coins to buy, given their latest upward price movements. Investors looking to benefit from the massive rally of meme coins can consider them for gains in 2024.

Meanwhile, KangaMoon stands out from the list due to its connection to the play-to-earn NFT Games sector. Per Yahoo Finance, the market size of the global Play-to-Earn NFT Games sector will increase by 17.93% to reach $8856.95 million by 2028. This means KangaMoon has a huge market size to benefit from, making it one of the top meme coins to invest in.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Telegram Community: https://t.me/Kangamoonofficial

Disclaimer and Risk Warning

This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.

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