Bonk meme coin has returned to the top 100 cryptocurrencies after a recent price rally in the past week. Meanwhile, Dogecoin has fallen out of the top 10 cryptos by market cap.
In other news, a new meme coin, KangaMoon, is making headlines as it raised over $133,164.293 in its crypto ICO. Also, it has sold out 53.3% of the tokens for stage 1, with just 46.7% left before its price increases to $0.0075.
Bonk (BONK) Soars Back To Top 100
Bonk (BONK), the third largest meme coin, has seen a massive rally in the past week after a long period of downward month. The altcoin rallied to an all-time high of $0.00003419 on December 15 before falling under bearish pressure.
However, the memecoin has regained its bullish momentum and is now up on the charts. According to CoinMarketCap, Bonk price has increased from a 7-day low of $0.00000989 to a peak of $0.00001397.
This represents an increase of 16.5%. While Bonk is still bearish on the monthly chart, its yearly chart is green, with an increase of 1218.9%. Interestingly, this price jump catapulted Bonk back to the top 100 crypto by market cap.
While this bullish momentum has reignited hope among its investors, the memecoin does not still have utility. This lack of utility makes its future price movement uncertain.
Dogecoin (DOGE) Overtaken By Chainlink
Dogecoin (DOGE), the largest meme coin by market cap, has fallen out of the top 10 cryptos after a long bearish period. Data from CoinMarketCap showed that Chainlink has overtaken Dogecoin as its marker cap edged close to $12 billion.
Nevertheless, Dogecoin remains among the top 15 crypto by market cap. Dogecoin’s poor price movement is to blame for the recent fallout. A look at the Dogecoin price chart shows that the altcoin is trading in the $0.07792 – $0.08289 price range with just a 1.0% increase in the last week.
Looking at the wider timeframes, the Dogecoin price is down 0.5% and 5.9% on the monthly and yearly price charts. Still, the Dogecoin community has refused to give up hope. They are bullish on a potential rally to $0.10000.
KangaMoon (KANG) Presale Buzz Continues Growing
In recent months, investors have come to realize that while meme coins have sporadic price growth, only those with utility can maintain that bullish price. As a result, investors have been running to KangaMoon (KANG) since the beginning of its presale. This DeFi project is set to change the image of meme coins by adding real utility within its framework.
The project will build a community-oriented platform that weaves in Social-Fi components. This platform will allow participants to compete for rewards and in-game assets, promoting greater interaction and healthy competition among members.
In addition, there will be a unique benefit for holders of its native token, KANG. KANG holders can amass tokens through various contests held weekly, monthly, and quarterly.
KANG, the platform’s primary currency, will facilitate transactions and other functionalities. The DeFi project has successfully raised over $120K in its initial presale phase, showing robust demand. At the moment, KANG is currently valued at just $0.005. This project is tapping into the P2E gaming market, worth $885M in 2023 by Research Reports World, showing significant potential.
With such a strong foundation, analysts are bullish on the project. Phase one of the presale is selling fast, and KangaMoon’s price could soar to $0.0075 soon. So, get in now to be one of the early investors who will see massive ROI.
KangaMoon sets itself apart from meme coins like Bonk and Dogecoin by promising real utility. It will allow holders to earn tokens and reap rewards.
Also, the project has ambitious plans for the future, including launching a gaming platform, an NFT marketplace, and a metaverse project, expanding its ecosystem beyond just a meme coin. However, you must join KangaMoon’s ongoing crypto ICO to enjoy these features.
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