The demand for Ethereum based meme coins is surging as Ethereums popularity hits annual highs. Projects like Pepe and Dogwifhat (WIF) have rallied over the last week, during which many investors have doubled down on their meme coin portfolio.
At the same time, a new memecoin is showcasing major potential. Its token value has already increased by 125% and stage three of its presale has raised over $600,000.
Could Ethereum Pass $4,000?
Over the last week, demand for Ethereum rocketed. Amid market rumors of additional price increases, Ethereum’s open interest increased from $11.4 billion to $11.8 billion in just four days. This exponential increase supports the bullish sentiment around Ethereum, and some experts believe the altcoin could pass $4,000 during the Bitcoin halving.
According to CoinMarketCap, Ethereum is currently trading at $3,507. Its value increased by 14.8% over the last week, and Etherem’s daily trading volume has passed $18.2 billion. In the last 24 hours Ethereum’s price increased by 2.78%, suggesting that Ethereum could hit a 3 yearhigh if it continues to rally.
Pepe Surges 400% In 7 Days
Pepe has been one of the market's best performing memecoins. Over the last week its price increased by 406.26%, taking Pepe to highs of $0.000007583. The meme coin is now trading at just 7% below its former all-time high. As a result, Pepe’s daily trading volume has soared to $3.24 billion, making Pepe the world's 3rd most traded meme coin.
According to bullish investors, Pepe could hit a new all-time high over the next week if Bitcoin continues to rally. However, if Bitcoin’s growth slows, bearish analysts believe that Pepe could crash.
Dogwifhat Hits An All-Time High
Over the last 24 hours Dogwifhat hit a new all-time high of $1.92. This surge was triggered by market trends, and has taken Dogwifhat’s monthly returns to 644%. Dogwifhat’s daily trading volume is also on the rise.
In the last 24 hours, Dogwifhat’s volume increased by 2.93% to $374 million, placing the meme coin amongst the worlds top 50 most traded cryptocurrencies. Much like Pepe, Dogwifhat could continue to increase if Bitcoin remains bullish.
That said, some experts believe that Dogwifhat could have peaked, and therefore, investors should approach with caution.
KangaMoon (KANG) Stage 2 is Sold Out
As the meme coin market soars, KangaMoon is building momentum. This exciting meme coin is standing out with its great utility and social-fi model. The project differentiates itself from other meme coins through social-fi features. These will create opportunities for investors to win rewards through social engagement.
As part of this ecosystem, users will also be able to take part in a P2E game, and complete challenges for $KANG tokens and other rewards. During its presale, KangaMoon will incentivize users to share the project by rewarding them with $KANG tokens.
Tokens can currently be purchased for $0.01125 during stage 3 of the KangaMoon presale, and investors can enjoy a 10% buy bonus.
Experts Are Bullish About KangaMoon
KangaMoon offers a refreshing approach to meme coins. It's fantastic utility, combined with high potential returns has made KangaMoon a lucrative investment opportunity. As a result, itsexpected to soar in 2024.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
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