KangaMoon ($KANG) presale approaches $2.2M as “more established” memes gain traction

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Written on Mar 19, 2024

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Memecoins have suffered significant losses in the latest broad market correction.
Analysts trust more established themed assets will lead the upcoming rebound.
Community-driven KangaMoon remains among the hottest tokens of 2024.

Top memecoins have kick-started downtrends after significant surges this month. Dogecoin (DOGE) dropped 10% over the past day, whereas BOME led the bloodbath with a 50% dip.

Nevertheless, the new project KangaMoon ($KANG) attracts players due to its multiple earning opportunities. It has raised close to $2.2 million early into its presale, underscoring investor trust in its long-term potential.

Memecoins plunge on a broader market sell-off

Themed cryptocurrencies have declined substantially amid the latest market dip. Dogecoin and Shiba Inu’s (SHIB) sudden slumps confirm traders avoiding more volatile assets as uncertainty and turbulence grip.

That reflects the old trend where investors join risky assets during favorable conditions and shift to lower-risk options such as Bitcoin or fiat when things worsen.

Nevertheless, broad market sentiment indicates potential reversals in the coming week. For instance, MicroStrategy continued to add to its Bitcoin treasury, hinting at solid rebounds after the latest dip.

MicroStrategy Completes $603.75 Million Offering of Convertible Notes at 0.875% Coupon and 40% Conversion Premium $MSTR https://t.co/ugFqRTTcCo
— Michael Saylor⚡️ (@saylor) March 19, 2024

More established memes to lead the next rally

While market participants look for dip-buying opportunities amid the bearish stance, @DamiDeFi forecasts quick bounce-backs for AI-centered and more established meme assets.

The plan never changed.

On red days ????, we buy the dip.

DCA into any coins you have a strong conviction in and in a few months you'll smile.

I would take a look at the larger AI and more established memes as they would bounce back the quickest.

See you on the 7 fig mark ????.
— Dami-Defi (@DamiDefi) March 19, 2024

However, DOGE and SHIB might endure near-term consolidations before upside continuation, considering massive price surges in recent weeks.

Thus, the top meme cryptos could incur heightened volatility in the short term.

Nonetheless, opportunities seem endless in the digital coins’ space. KangaMoon is a new project emerging as among the top ICOs in 2024, raising around $2.2 million during stage 4 of its presale.

Why KangaMoon is beyond a meme

This Ethereum-based memecoin has attracted the attention of crypto investors as it plans to revolutionize the themed cryptocurrency industry with massive utility.

Unlike most memes with trading and tipping as the only use cases, KangaMoon plans to build a play-to-earn gaming ecosystem with social-fi features for enhanced experience and user incentives.

Players join the game with a Kangaroo character. Participants earn $KANG coins and unique non-fungible tokens by battling other gamers, completing quests, and joining community events.

KangaMoon has gained attention quickly due to its unique approach of combining meme culture with intuitive gaming experiences.

Further, the project addresses the increasing demand for memecoins with real-world use cases.

The alt trades at $0.014 and experts trust KangaMoon has all it takes for the alt to 35x in 2024.

You can find more information about the $KANG presale here.

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