Dogecoin, Bonk, and KangaMoon have seen strong gains during the market’s recent bull run. This has created excitement throughout the meme coin community, and meme coin trading activity has hit two-year highs.
Going into March, experts believe Dogecoin, Bonk, and KangaMoon are the top meme coins to buy. All three are expected to make additional gains, and as a result, are on the buy list of many investors.
Dogecoin Growth Slows After 115% Rally
After a slow performance in January, Dogecoin quickly became one of the market’s top-performing meme coins in February. Its value increased by 115%, and Dogecoin’s trading activity soared.
Though its growth has slowed with a 7.42% price decline in the last 24 hours, investors remain bullish about Dogecoin. The meme coins’ daily trading volume has gradually increased, with an overnight rise of 2.19%.
Presently, Dogecoin is the 8th most traded cryptocurrency globally, with a daily trading volume of $8.05 billion. DOGE is trading at $0.1677, and experts believe DOGE could increase to $0.2 if the bullish market sentiment continues.
Bonk Crashes 8% In 24 Hours
Like Dogecoin, Bonk has also experienced price declines in the last 24 hours. Bonk is down by 8.97%, though, unlike Dogecoin, the Bonk community is selling their tokens. Bonk’s daily trading volume has crashed by 44% overnight, suggesting that Bonk investors are capitalizing on the meme coins’ recent growth by selling their tokens.
Given the meme coin’s lack of utility, Bonk could suffer additional price declines over the next month as investors lose confidence in the project’s growth. Following this trading decline, Bonk has fallen outside of the top 10 cryptocurrencies by daily trading volume and is now ranked number 23.
KangaMoon’s (KANG) Presale Continues To Soar
While Bonk and Dogecoin show signs of consolidation, KangaMoon continues to soar. This new meme coin recently sold out in the second stage of its presale, after which its utility token, $KANG, hit a new all-time high of $0.01125.
KangaMoon is outperforming traditional meme coins due to its great utility and unique social-fi features. Unlike most meme coins, KangaMoon offers an entire ecosystem for its users to enjoy. Over the next year, KangaMoon aims to become one of the best communities in the DeFi ecosystem.
To do this, the project will combine social-fi features and P2E gaming. These features will actively reward KangaMoon users for their social interactions while giving them the opportunity to win rewards through weekly, monthly, and quarterly challenges.
This concept has proven to be a big hit. KangaMoon quickly sold out during its first two presale rounds, and round 3 is looking to be its most popular to date. Investors who purchase $KANG tokens during the third round can capitalize on a 10% buy bonus. Since experts believe $KANG will increase by 220% during its presale, this bonus could make a significant difference to investors’ portfolio growth.
Is KangaMoon The New Dogecoin Killer?
Having already gained momentum during its presale, KangaMoon could be the next big meme coin to challenge Dogecoin. It already offers greater utility than most competitors, naturally giving KangaMoon a huge advantage in the market. With this in mind, KangaMoon is expected to become an extremely lucrative and profitable meme coin.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
