Although the FLOKI market capitalization has experienced an increase in recent times alongside its trading volume, the BONK price chart continues to display a bearish trend which is causing fear to grip the minds of investors as holders of both FLOKI and BONK move to KANG, a surging memecoin, in order to recoup their losses. Let’s find out why.
FLOKI Trading Volume Surges Substantially
While there has been a remarkable 84.15% growth in FLOKI trading volume over the past 24 hours, the coin is now a part of the Meme Coin Leaders Index on Bitpanda, one of the biggest and most well-run multi-asset exchanges in Europe! A week ago, FLOKI was included to the MarketVector Memecoin Index by VanEck, a significant asset manager that oversees assets valued at over $100 billion.
This series of events emphasizes how prominently FLOKI is acknowledged by influential figures in the cryptocurrency and mainstream industries as one of the top meme coins. On the other hand, FLOKI market capitalization is presently $1.73 billion and its price has risen by over 13% over the past 30 days.
BONK Price Trend Looks Bearish
Based on technical analysis, the price of BONK is facing potential bearish trends, which is impacting meme coin sentiment in the midst of ongoing price declines. Over the past 7 days, the BONK price has dropped by over 4% as seen on the BONK price chart.
However, the market cap of BONK has risen by 6.36% to reach $1.55 billion while the BONK trading volume has increased by over 110% to reach $196.37 million over the past 24 hours. Holders of this meme coin anticipate a remarkable bullish move as they maintain optimism.
KangaMoon (KANG) Remains One Of The Top Meme Coins
In contrast to most memecoins, which only appear as digital assets, the surging KANG that is attracting the attention of other crypto holders can be used as money in the upcoming play-to-earn (P2E) game KangaMoon. The latest gaming trend offers players a diverse array of activities, including combat with other players, spectating battles, and placing bets on outcomes.
This creates a social-fi-infused interactive and dynamic gaming experience. KangaMoon holders also get special benefits, like being able to take part in tasks every week, month, or three months that give them extra tokens and in-game items. These things have real value because they can be bought and sold on the KangaMoon marketplace.
This lets users make money off of their game assets. KangaMoon is priced at $0.025 right now, which is a big 400% rise from its first offering. It is in the bonus stage of its presale. But the meme coin value is expected to go up even more when a Tier-1 centralized exchange (CEX) offers it in the second quarter of 2024. Experts predict a possible 100X growth.
Can KangaMoon Outshine FLOKI and BONK?
With a low market capitalization, KangaMoon requires less fresh funding to raise its price. This benefit might allow it to compete with FLOKI and BONK, two top meme coins, with the potential to outshine them.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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Disclaimer: The information provided in this article is intended for informational purposes only and should not be construed as financial advice. Any decisions made based on the content of this article are solely the responsibility of the reader. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
