Crypto Analyst Predicts Bullish Future for Shiba Inu; KangaMoon and Dogecoin to Lead Meme Coin Market

·
February 5, 2024
·
3 min read

In the current DeFi market, meme coins are showing tremendous potential. Even crypto analyst Ali Martinez remains bullish for Shiba Inu (SHIB) - a top meme coin. However, attention also turns to KangaMoon (KANG) and Dogecoin (DOGE). While you may be familiar with DOGE, KANG is a Stage 1 presale that may evolve into the next 100x meme coin in 2024. Find out why.

Ali Martinez: The Shiba Inu Price to Hit $0.011

Crypto analyst Ali Martinez recently made a bullish Shiba Inu (SHIB) price prediction. According to his new tweet, the TD Sequential indicator for the Shiba Inu coin shows a buy signal. With this development, Martinez forecasts a potential price of $0.010 or even $0.011 soon.

According to CoinGecko data, the Shiba Inu price has increased from $0.00000877 to $0.00000907 in the past week alone. Its market cap increased from $5.21B to $5.34B during that time. The technical analysis for the Shiba Inu coin paints a bullish picture as its Fear & Greed index rating shows a 61 (Greed).

As a result, market analysts predict that this meme coin may trade at the $0.00000985 level before February 2024 ends.

Advertisement

KangaMoon (KANG): A One-of-a-Kind Community-Driven Meme Coin

Meanwhile, KangaMoon (KANG) has also gained traction with its crypto ICO event. This new DeFi project will integrate Social-Fi and Play-to-Earn (P2E) elements to create a rewarding experience for all.

KangaMoon is committed to building a solid community that shares a love for memes. This community may engage in various battles and tournaments, earning cryptocurrency and other prizes as rewards. Not only that, those who do not participate can bet on other fighters and win prizes.

The social-fi model motivates KANG token holders with weekly, monthly, and quarterly challenges. In return for participation, users can unlock extra tokens and in-game items. Additionally, these in-game items can be sold or traded on the KangaMoon marketplace - a great way to monetize your game time.

Currently, KANG is in Stage 1 of its presale, costing just $0.005. However, once the presale advances, this price will skyrocket. In fact, with ties to the P2E NFT Game market, which Yahoo Finance valued at $329M in 2022, its long-term growth potential is stellar. Therefore, market analysts predict that this meme coin may surge by 100x in Q2 of 2024 as it hits exchanges.

Dogecoin (DOGE): A Record-Breaking 247,240 New Addresses

Dogecoin (DOGE) has also made some headlines recently. For instance, Ali Martinez pointed out that the number of Dogecoin addresses has increased by 1,100% in the past week. In fact, 247,240 addresses were made on January 29 alone - a record-breaking number. This is great Dogecoin news, as it could help this meme coin surge in value.

Be the smartest in the room

Join 30,000 subscribers who receive Techpoint Digest, a fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

The Dogecoin crypto value has grown from $0.078 to $0.079 in the past week alone. In that period, its market cap has moved between $11.26B and $11.29B. Experts predict a pump to $0.081 for DOGE in February 2024.

Why KangaMoon May Outshine Shiba Inu and Dogecoin

What separates KangaMoon from Dogecoin and Shiba Inu isn’t just its market cap, which currently sits at $5M. This indicates that it could rocket up in price with lower fresh capital inflows. Unlike SHIB and DOGE, KANG has utility. The meme coin’s main use is to upgrade characters in the KangaMoon game, which gives it real value instead of just hype.

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

Website: https://Kangamoon.com/

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

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email [email protected]

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].
This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].
Subscribe To Techpoint Digest
Join thousands of subscribers to receive our fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
This is A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day! 
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].

Other Stories

43b, Emina Cres, Allen, Ikeja.

 Techpremier Media Limited. All rights reserved
magnifier