Shiba Inu (SHIB) has carved out a niche for itself in the meme coin market. Its robust ecosystem makes it one of the meme coins titans to ever grace the market. However, things are beginning to change with many projects coming on board. The new Shiba Inu killer is KangaMoon (KANG) which has dominated the market this year. As the meme coin races to listing soon, let's see how far the price can go.
Shiba Inu Ecosystem - A Key Figure in Reviving SHIB
Shiba Inu is one of the oldest meme coins in the market. While the token has had a huge amount of success, climbing to its all-time high record of $0.00008885 in 2021, the recent months have been unfavorable to Shiba Inu. In over a year, Shiba Inu's price has only surged by 165%, a low figure compared to the likes of Pepe. However, the Shiba Inu ecosystem could be a key figure in the resurgence of the token.
From Shibarium to Shibaswap, Shiba Inu coin has one of the robust communities many projects can only dream of. Just recently, the Shibarium layer 2 completed its hard fork, aiming to ensure faster transactions and lower gas fees. In the same vein, Shibaswap is also trying to grow the total value locked (TVL) and add more liquidity to ensure the long-term existence of the Shiba Inu token. With the ecosystem's constant practices of token burn, market analysts foresee Shiba Inu's price to reach $0.000070 this year.
KangaMoon Paired Among the Top Meme Coins
While there is a growing potential with Shiba Inu, KangaMoon's impending growth may likely surpass that of SHIB. In only a few months of existence, KangaMoon has shot to prominence, boasting community members and active holders exceeding 25,000 and 6,000 respectively. This has also led to the project raising $6.6 million in its ongoing presale.
There are many reasons buyers are gravitating toward this project. First, the platform has unique identities that make it stand out from its peers. By introducing GameFI and SocialFi concepts together in a single project, KangaMoon is opening up the door of prosperity to traders. While users earn through playing games and competing in gaming duels on the platform, the SocialFimodel re-introduces the idea of social media engagement.
Just by completing simple social tasks, people are rewarded with free tokens which guarantees a profit when sold. Another reason for embracing KangaMoon is its return on investment, which has continued to limp. Currently, the ROI return has shot up to 400% after the price increased to $0.025. Furthermore, market experts believe this ROI is just the tip of the iceberg and predict that KANG may later give an ROI of 1000%, making it one of the best meme coins to buy now.
The token is moving closer to the final phase which is listing on exchanges. However, before the listing, buyers can get a 10% bonus on every purchase. With the new meme coin keen on the P2E gaming market, which is expected to reach $8856.95 million in 2028, KangaMoon is one of the top meme coins to invest in with a potential surge to $1 by the end of 2024.
What is the Fate of KangaMoon With Shiba Inu Likely Resurgence?
While Shiba Inu has a robust community that can turn its fortune around, KangaMoon may provide a better investment. With Shiba Inu's market cap already in billions, KangaMoon is just starting life, making it one of the top meme coins with huge growth potential.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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