While more memecoins are continually developed, expanding the meme coin market which is currently valued at about $54.48 billion, the SocialFi meme coin KangaMoon is dominating headlines because of the recent announcement by BitMart that KANG will be listed soon.
Despite the increase in Ondo trading volume and positive analysis evident on the THORChain price chart, KangaMoon outpaces these coins. Let’s find out why.
Ondo Price Analysis
The Ondo price is currently trading at $0.86 per token, having risen by over 10% within the last 7 days and over 6% within the last 30 days. Moreover, the 24-hour Ondo trading volume rose significantly by over 50% to reach $204.8 million.
Meanwhile, a bullish pennant breakout in Ondo is verified on the D1 timeframe. Holders of the coin anticipate a rally in the coming days as Ondo continues to give signs of bullish momentum.
THORChain Price Analysis
Following a roughly week-long period of adverse price activity, during which the valuation dropped by 17.65%, there was a notable increase in the buying-over-selling pressure on the THORChain price, indicating a bullish reversal for the coin. After gaining almost 10% this week, the THORChain token is testing its significant resistance level of $6.6, the result of which is unknown.
A strong reversal in the price movement is further highlighted by the Relative Strength Index (RSI) beyond the mid-point, which shows a notable gain in the THORChain price chart. Additionally, the averages in the D1 time frame display a bullish curve, indicating that the price will continue to rise shortly. The bulls may reclaim the upper barrier level of $8.25 if the market pushes the price over its resistance level of $6.6.
KangaMoon (KANG) Is One Of The Best New Meme Coins To Invest In
In the meme coin market, KangaMoon (KANG) is making waves with its unique approach. KangaMoon places a higher priority on creativity and usability than other memecoins. KangaMoon is not just a hype coin; it’s the in-game currency for a play-to-earn (P2E) game.
Additionally, KangaMoon owners are eligible for exclusive benefits including token bonuses and in-game items, as well as weekly, monthly, and quarterly competitions. The value of the token increases even further when these items are exchanged on the KangaMoon ecosystem.
At the bonus stage of their presale, KangaMoon tokens are now being sold for $0.025 apiece. With analysts predicting a potential 1,000% gain in value upon listing, this is the perfect time to join KangaMoon as the BitMart exchange just announced that KANG will be listed soon. Through the purchase of KANG tokens and social media promotion, investors can start earning KANG tokens.
Can KangaMoon Overtake Ondo and THORChain?
With a $19.6 million market capitalization, which is much less than its competitors, KangaMoon needs less new money to increase its pricing. It could be able to compete with Ondo and THORChain thanks to this advantage. The current presale for KANG, one of the best meme coins to invest in, is something you won’t want to miss.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
