With the cryptocurrency market going up and down, many traders are asking if the meme season is losing steam. Then again, among the uncertainty, several meme coins have bucked all trends. Today, we will cover the 5 top meme coins, KangaMoon (KANG), Pepe (PEPE), Dogecoin (DOGE), Shiba Inu (SHIB) and Bonk (BONK), which are showing resilience.
- KangaMoon (KANG)
KangaMoon (KANG) is a meme coin that has gained popularity due to its outstanding presale performance and lively community. It has proved to be strong in the face of market turbulence, rising by 290% from its presale start, thus showing that it can grow substantially. Not only that, but it has raised over $6M so far, with projections of hitting $7M before May 2024 ends.
Unlike 99% of meme coins, KANG stands out as it has actual utility. KANG will be the main in-game currency for KangaMoon’s upcoming P2E game. With this meme coin, you can buy in-game items and upgrade your characters. Moreover, holding KANG gets you exclusive access to weekly, monthly, or quarterly challenges for extra rewards and tokens.
But what really makes KangaMoon unique is its focus on giving back to its community. In other words, before its launch, KangaMoon is giving its most active users the KANG token for free. As a result, over 20,000 registered users are flooding KangaMoon’s social media accounts with likes and comments to get this meme coin.
One KANG costs just $0.0196 since it is in Stage 5 of its presale. Those who bought it early on are enjoying a 290% ROI. Since it has ties to the P2E gaming market, which may rise to $885M by 2028, its long-term growth potential is excellent. In fact, experts foresee a rise to $1 once a Tier-1 CEX lists KANG in Q2 of 2024, making it the best meme coin to invest in.
- Pepe (PEPE)
Pepe (PEPE) is another meme coin that has become a household name in the crypto community. It is based on the famous Pepe the Frog meme and boasts a strong following. PEPE’s performance indicates unyielding demand for meme coins even during bearish market conditions.
Over the past week alone, the Pepe price increased from $0.0000068 to $0.0000070. During that time, the Pepe market cap soared from $2.90B to $3.19B. Additionally, over 19 technical indicators are showing buy signals for this meme coin. Thus, prominent market analysts have made a bullish Pepe price prediction claiming it may reach $0.000011 within Q2 of 2024.
- Dogecoin (DOGE)
Dogecoin (DOGE) is the original meme coin, launched in 2013. It has faced challenges and doubts but has remained strong since then. This meme coin’s value has been propelled by its energetic community and widespread use. Even among other meme coin titans, DOGE surprises people with its success when the market dips.
The Dogecoin price movement rose from $0.078 to $0.13 in the past year, and its market cap surged from $11.10B to $19.40B during that period. Moreover, the Dogecoin crypto is trading above its 100—and 200-day EMAs. For this reason, experts in the crypto field foresee a rise to $0.21 before the end of Q2 2024.
- Shiba Inu (SHIB)
Shiba Inu (SHIB) has become a force to be reckoned with in the meme coin space, taking cues from the Dogecoin community. The cryptocurrency is now one of the top meme coins in market cap, supported by its ecosystem. SHIB’s growth trajectory remains intact despite sharp price swings.
Regarding the price of Shiba Inu, it has jumped from $0.0000099 to $0.000022 over the past 12 months. The Shiba Inu market cap also surged from $5.88B to $13.25B in that time. As a result, market analysts foresee a jump to $0.000035 within Q2 of 2024 in their Shiba Inu price predictions. This makes SHIB one of the best meme coins to buy now.
- Bonk (BONK)
Last, we must mention Bonk (BONK). With its good performance, BONK has gained a following and drawn the attention of traders looking for different meme coins. While faced with market difficulties, this meme coin stands out as its value increased from $0.000020 to $0.000023 on the 1-week chart. The Bonk market cap surged from $1.33B to $1.50B in that period.
The technical analysis for this meme coin also shows green signals. For example, the Bonk crypto trades above its 21- and 50-day EMAs. In addition, 18 technical indicators are flashing green for BONK. Experts note all these factors when making their Bonk price predictions. Thus, they predict a potential growth of $0.000038 for Bonk within Q2 of 2024.
