Pepe Price Prediction, Pepe Soaring But Traders Are Rushing To Buy This Altcoin Before It Sells Out
The post Pepe Price Prediction, Pepe Soaring But Traders Are Rushing To Buy This Altcoin Before It Sells Out appeared first on Coinpedia Fintech News
Pepe (PEPE), the Frog-themed meme coin, is everywhere these days, experiencing a meteoric rise and setting new ATHs. Analysts have predicted that the rise of Pepe could continue after a 10% retracement. However, despite the positive outlook of the meme coin, KangaMoon (KANG), a new altcoin, has attracted more traders and investors.
Pepe (PEPE) Faces Potential 10% Retracement Before New ATH
So far in 2024, Pepe (PEPE) has been the star of the meme coin space, rallying by more than 10x, setting several all-time highs in the process. Following its 112% price increase over the last 30 days, Pepe coin has set a new ATH of $0.00001750. However, the meme coin could face a potential price decline.
Crypto Patel shared on CoinMarketCap that Pepe has broken below a descending triangle pattern. This fall could lead to the meme coin losing 10% of its value over the next few weeks. However, the technical indicators are still strong, and the Pepe Coin price could continue its increase after the retracement.
The MACD also asserts PEPE’s price increase with green histogram bars located above the zero line. This indicates that there is a basic bullish support in the price surge of the meme coin. Although Pepe could record another 25% price increase, traders and investors in the meme coin space have been moving to the new sensation, KangaMoon.
Investors Are Turning To KangaMoon (KANG) As Launch Nears
While Pepe steals the spotlight with its new ATH, there has been a massive rise in investors buying KangaMoon (KANG). This new DeFi project has raised over $7.3 million from investors over the past few weeks as its launch approaches.
KangaMoon has become one of the most beloved meme coins in recent times because of its utility-based approach. Unlike other projects in the meme coin market, which have been created and driven with just hype, KangaMoon has utility value. The project has built a metaverse platform called “Kangaverse” with exciting crypto games.
In the Kangaverse, players will be able to fight, go on missions competitions, and complete tasks to earn free KANG tokens. Furthermore, owners of KANG are entitled to participate in weekly, monthly, and quarterly competitions that provide extra tokens and other helpful in-game things.
Even those who aren’t into crypto games can wager on battles and challenge results to win KANG tokens. Everyone now has an equal chance to acquire KANG tokens as a result. Another feature that solidifies KANG as the best crypto investment in the meme coin space is its Social-Fi system. This community-centric model was designed by KangaMoon to reward its members based on how active they are.
KangaMoon’s growing popularity has been crowned with its KANG token listing on CoinGecko and CoinMarketCap. Also, BitMart, a leading crypto exchange has announced support for KANG will come very soon. With the growing momentum and potential to transform the meme coin space, market experts are optimistic that KANG can surge by more than 50x in the 2024 bull season.
Why Investors Are More Interested in KangaMoon Now
Although Pepe has been one of the most bullish meme coins, setting multiple all-time highs this year, investors are betting on KangaMoon for the long run. KANG is considered a better investment because while PEPE faces a potential retracement, the popularity of the new DeFi project means a major price increase is around the corner.
In addition, its utility and the new Social-Fi protocol KangaMoon is introducing to the market give KANK more long-term potential than the meme coin. Lastly, the forecasts of a rally from $0.025 to $1.25 this year make KANG the best crypto investment for those looking to capitalize on this bull cycle.
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