Shiba

Dogecoin

Uniswap

Shiba Inu

<img src="https://cdn.thebittimes.com/images/2024/07/03/8460a598a067c4d2e17cd7d9e50d6203.webp" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;">
Memecoins were the center of attraction in the first half of this year, producing several of the biggest gainers in the crypto market. While new meme coins shone, the market leaders, Shiba Inu (SHIB) and Dogecoin (DOGE) recorded minimal gains.
With the crypto market picking up momentum, analysts have identified KangaMoon, a new SocialFi memecoin leading the market in gains, <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">KangaMoon</a>, to dominate the second quarter ahead of Shiba Inu and Dogecoin.&nbsp;
<h2 dir="ltr" id="span-shiba-inu-shib-burn-rate-rises-aims-for-new-target-span">Shiba Inu (SHIB) Burn Rate Rises, Aims for New Target</h2>
Shiba Inu (SHIB) has continued to trend in the market after recording a spectacular increase in the burn rate. From the last month, June, the tracker Shibburn has <a href="https://www.shibburn.com/" target="_blank" rel="noopener noreferrer nofollow">reported</a> that over 918 million SHIB tokens have been burnt. Investors holding the Shiba Inu coin have been given a new lease of life following the increase in the burning rate of the meme coin’s value.
The price of Shiba Inu increased by more than 60% in the first half of the year, but has remained under the $0.00001800 support level for weeks. SHIB’s RSI has been resting at 34, with Santiment <a href="https://x.com/santimentfeed/status/1806842963563311384" target="_blank" rel="noopener noreferrer nofollow">reporting</a> that the Shiba Inu price is undervalued, suggesting that the meme coin may push for a new price target at $0.00003000 this second half.
<h2 dir="ltr" id="span-potential-rally-to-take-dogecoin-doge-above-0-20-span">Potential Rally To Take Dogecoin (DOGE) Above $0.20</h2>
The price action of Dogecoin (DOGE) had been under very bearish pressure for the past few days which had been already a change from the beginning of the year. Nevertheless, bulls are still in control of the token as the trend is somewhat positive up to the end of the quarter.
Dogecoin bulls are struggling to hang on above the key resistance turned support level at $0.1274. Thus, if DOGE is to continue supporting this level, the price of Dogecoin may remain bullish throughout the year 2024. The weekly chart shows that the Dogecoin price can explode and possibly rise to levels above $0.2.
<h2 dir="ltr" id="span-new-memecoin-kangamoon-to-lead-the-market-in-gains-span">New Memecoin, KangaMoon, To Lead the Market in Gains</h2>
While most of the meme coin market has been trading sideways, the price of KangaMoon has more than doubled in the first week of its listing. KangaMoon has also more than delivered on its promises to early investors who joined the presale. From an original price of $0.01, the meme coin now trades at $0.0980, an increase of 9.8x.&nbsp;
KangaMoon has been the focus of many investors since presale because of its integration of Social-Fi features and a Play-to-Earn (P2E) ecosystem. KangaMoon’s SocialFi element incentivizes user based on their engagement and platform activity. The most active community members are rewarded with KANG tokens, creating a sense of community and promoting brand awareness.
Highlighting the belief in the project, KangaMoon raised over $8 million and on boarded over 32,000 unique users, as many experts believe it could become the 100x memecoin of the second half as excitement builds towards the launch of its P2E game.&nbsp;
While KANG is currently priced at $0.0980, many top market experts believe it could peak above $1 before the year ends. This creates a great buying opportunity for investors. KangaMoon is already available on Uniswap and BitMart, and investors can track its progress on CoinGecko and CoinMarketCap.
<h2 dir="ltr" id="span-conclusion-span">Conclusion</h2>
While Shiba Inu and Dogecoin are market leaders and will undoubtedly see gains this second half, KangaMoon is clearly the best meme coin for every investor to buy now. KangaMoon’s unique application of SocialFi could make it the next big thing in the meme coin space.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">https://Kangamoon.com/</a>
Join Our Telegram Community: <a href="https://t.me/kangamoonofficial" target="_blank" rel="noopener noreferrer nofollow">https://t.me/Kangamoonofficial</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/new-memecoin-poised-to-dominate-the-second-half-as-shiba-inu-shib-and-dogecoin-doge-remain-flat-tbt95408.html">https://thebittimes.com/new-memecoin-poised-to-dominate-the-second-half-as-shiba-inu-shib-and-dogecoin-doge-remain-flat-tbt95408.html</a>

New Memecoin Poised To Dominate the Second Half As Shiba Inu (SHIB) and Dogecoin (DOGE) Remain Flat

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