Top Analyst Namtoshi Sees Echoes of 2021 in DOGE While KANG and SHIB Break New Records

April 21, 2024
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3 min read

This is a Crypto 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 business@techpoint.africa

While the crypto market is generally unsettling, 'Namtoshi', a top analyst, has made a bold statement that the recent bull run of DOGE is quite similar to 2021's historic rally. Regardless of the turbulence, the meme coins’ inherent bullish condition uniquely resembles the manic pace that had last catapulted it previously. Despite this resurgence, there are two other aspects of this landscape – KangaMoon (KANG) and Shiba Inu (SHIB) – which have also gained a lot of attention as they achieve new milestones and cementing their place among the top crypto to invest in the ecosystem.

Shiba Inu (SHIB) Weathers Dip, Eyes Long-Term Growth

Over the last month, the price of Shiba Inu (SHIB) has undergone a slight downward trend as it now stands at a weekly range of $0.00002846 - $0.00002245. Nevertheless, the striking 99.46% year-to-date increase proves that the token will be a dominant force and key player in the meme coins sector. 

However, the performance of SHIB in the long run may depend on a combination of external factors in the general market. For instance, if this halving event has a bullish outcome for Bitcoin, it could lead to a substantial increase in the value of SHIB. Furthermore, positive announcements within the Shibarium ecosystem such as Shibarium's slipping rate and a jaw-dropping 48,800% surge in burning activity, are also attracting the attention of investors. 

Dogecoin (DOGE): Déjà Vu Bull Run or Shifting Tides?

In a provocative analogy, top analyst “Namtoshi" on in a recent X post draws connections between the current DOGE bull run and the one experienced in 2021. This particular observation is very interesting considering that the markets are jittery with the issues of inflation (CPI). Specifically, Namtoshi notes that Dogecoin’s underlying bullish trend remains robust leading to a probable climb to $1.87 in the near term.

Yet, further studies show a twist on the initial assessment. Even though the Dogecoin community got to witness records of 6.3 million addresses that hold DOGE tokens over the past month, other network activity metrics show more mixed pictures. Last week the price of DOGE saw a slight decline in activity with a 21.12% fall in new addresses being created and a decrease of 8% in active addresses.

KangaMoon (KANG): A Social-Fi Contender Enters the P2E Arena

KangaMoon (KANG) is a new project shaking things up in the meme coin sector. It blends the hot trends of Social-Fi and GameFi’s Play-to-Earn (P2E) within a community-driven ecosystem dubbed “Kangaverse”. This combination has the potential to ignite significant price growth and value accumulation for the native KANG token.

Currently in its presale phase, KangaMoon has already witnessed a staggering 290% price increase, jumping from an initial offering price of $0.005 to $0.0196. The platform has also recorded over nearly $5 million in funding milestones, with the potential to surpass $7 million by the end of the month. 

Evidently, this strong community backing is a positive indicator of future growth. To further seal its position among the best crypto in the market, KangaMoon’s unique ecosystem offers various gameplays where players can take control of a KangaMoon character, engage themselves in battle contests, and participate in tournaments. Alongside those that choose to engage in speculative betting, victors in these challenges get to earn valuable rewards. 

Given its unique model, analysts are bullish on KangaMoon's potential, even projecting a 10x price increase upon launch. While such predictions should always be taken with caution, KangaMoon's innovative features and engaged community certainly position it as a top crypto to invest in the P2E and Social-Fi space.

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 business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

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