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The crypto market was recently shaken after analyst Altcoin Sherpa made a bold Solana (SOL) price prediction. Meanwhile, KangaMoon (KANG) and Dogecoin (DOGE) are soaring in the meme coin space. In fact, numerous analysts claim that KANG, which is now in Stage 5 of its presale, could become the next 100x meme coin in 2024. Today, we find out why.
Altcoin Sherpa: The Solana Price Could Surge to $500
Solana (SOL) has been showing some volatility in the market. CoinMarketCap data shows that the price of SOL fell from $154 to $133 on the one-week chart. In that time, the Solana market cap also moved between $68B and $59B. However, crypto analyst Altcoin Sherpa remains bullish. In his new tweet, he predicts SOL's growth to $500 this year.
From a technical analysis standpoint, this prediction could come true. For example, the Solana coin trades above its 100 and 200-day EMAs. As a result, experts have made a bullish Solana price prediction – reaching $177 before the end of Q2 2024.
KangaMoon (KANG): Among the Best Meme Coins To Buy
As Solana steals all attention, other cryptos are still making headlines. KangaMoon (KANG) is one coin that has shone with its stellar presale performance. Notably, this meme coin has already raised over $6M and will reach $7M before May 2024 ends. There are now over 6K KANG holders and 20K registered community members.
Evidently, global traders are interested in this meme coin since it will bring something new – utility. KANG will be the main in-game currency for KangaMoon's upcoming P2E game. With this meme coin, you can buy in-game items as well as upgrade characters. This utility immediately separates KANG from 99% of other meme coins, which are hype-driven only.
Another aspect that makes KangaMoon different is its community-driven focus. For instance, KangaMoon rewards its most active community members with free KANG tokens before its launch. Thus, 20K members rush to like/share/comment on KangaMoon's social media posts and earn this meme coin for free.
Early buyers of KANG have already experienced a 290% ROI as KANG costs $0.0196 in Stage 5 of its presale. But remember that KangaMoon has ties to the P2E gaming market, which may reach $885M by 2028. This means that KANG's long-term growth potential is outstanding. Experts foresee a 100x jump once this meme coin gets a Tier-1 CEX listing in Q2 of 2024.
Analyst Kevin Makes a Bullish Dogecoin Price Prediction
Meanwhile, Dogecoin (DOGE) is another meme coin that is seeing some bullish signs. For example, the Dogecoin volume has jumped 26% in the past week alone. In that period, the price of DOGE fluctuated between $0.15 and $0.13. Based on the historical performance, analyst Kevin predicts that this meme coin may soar to $3.80.
The technical analysis for the Dogecoin crypto also shows bullish signals. For example, DOGE is trading above its 100 and 200-day EMAs. Thus, experts foresee a rise to $0.21 for Dogecoin within Q2 of 2024.
Solana vs. KangaMoon vs. Dogecoin – Which One Rises First?
In the battle between Solana, KangaMoon, and Dogecoin, the spotlight shines on KangaMoon. This is because KANG boasts a low market cap of $19.6M, hinting at its potential for explosive growth with fewer new funds needed for its price to skyrocket. If you want this meme coin, sign up for its presale and get a 10% bonus.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards.
Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks.
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View source version on newsdirect.com: https://newsdirect.com/news/analysts-bold-sol-forecast-grabs-headlines-kang-and-doge-reign-supreme-in-the-meme-coin-space-106457477
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COMTEX_452218326/2655/2024-05-11T06:42:30
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Infobeat Today journalist was involved in the writing and production of this article.