In the current crypto market dip, plenty of opportunities exist to experience profits. Meme coins are all the talk in the crypto town at the moment. Today, we will talk about the five most promising ones: KangaMoon (KANG), Dogecoin (DOGE), Pepe (PEPE), Shiba Inu (SHIB) and Bonk (BONK). Let’s see what makes them the best meme coins to buy now.
Best Meme Coins To Buy During the Market Downturn
- KangaMoon (KANG): A one-of-a-kind meme coin with actual utility.
- Dogecoin (DOGE): The first-ever meme coin.
- Pepe (PEPE): A meme coin showing resilience among volatility.
- Shiba Inu (SHIB): One of the meme coin titans.
- Bonk (BONK): A meme coin quickly gaining traction.
A Closer Look at the Best Meme Coins
- KangaMoon (KANG)
KangaMoon (KANG) has become a hot topic with its stellar presale performance in the meme coin space. This presale sensation has already provided early buyers a 290% ROI amidst this market dip. Also, it has already obtained over $6M in funding and is on track to hit $7M before May 2024 ends.
Unlike 99% of meme coins, KANG will stand out as it has actual utility. It will be the main in-game currency for KangaMoon’s upcoming Play-to-Earn (P2E) game. With this meme coin, you can buy in-game items and upgrade your characters. KangaMoon will also provide all KANG holders exclusive challenges for extra tokens/rewards.
Another exciting aspect of KangaMoon is that it has a “giving-back” to its community focus. For example, KangaMoon now provides free KANG tokens to its most active community members. For this reason, over 20,000 registered community members are now liking and sharing KangaMoon’s social media posts.
One KANG is worth just $0.0196 since it is in Stage 5 of its presale. However, experts point out that it has ties to the P2E gaming market, which is projected to reach $885M by 2028. With such connections, its long-term growth potential is outstanding. Thus, they forecast a 100x surge once a Tier-1 CEX lists this meme coin in Q2 of 2024.
- Dogecoin (DOGE)
Dogecoin (DOGE) has taken the second place as one of the best meme coins to buy during this market dip. Over the last year alone, the Dogecoin price pumped from $0.079 to $0.14 – a 75% jump. During that period, the Dogecoin market cap increased from $11.10B to $20.36B.
At the moment, the Dogecoin crypto trades above its 100- and 200-day EMAs. Furthermore, 12 technical indicators are flashing green. Because of this, experts have made a bullish Dogecoin price prediction. They forecast a rise to $0.21 for Dogecoin before the end of Q2 2024.
- Pepe (PEPE)
Next, we have to mention Pepe (PEPE). This meme coin has consistently shown its stability over time, which makes it good when the market is volatile. In terms of the price of PEPE, it has soared from $0.0000064 to $0.0000069 over the past week alone. This meme coin’s market cap surged from $2.71B to $2.93B in that time.
Currently, the Pepe coin is also trading above its 21- and 50-day EMAs. Additionally, 19 technical indicators flash green for Pepe. As a result, prominent market analysts foresee a rise to $0.000022 within Q2 of 2024. This makes Pepe one of the next meme coins to jump.
- Shiba Inu (SHIB)
In the second-to-last place, Shiba Inu (SHIB) is another member of the meme coin titans. After Dogecoin’s triumph, Shiba Inu became a strong contender among other meme coins. Over the past 12 months, the Shiba Inu price increased from $0.000010 to $0.000023. Simultaneously, the Shiba Inu market cap soared from $5.96B to $13.80B.
From a technical analysis viewpoint, this trend for the Shiba Inu coin may continue. For example, SHIB is trading above its 100—and 200-day EMAs. Experts take note of all these factors when making their Shiba Inu price predictions. They forecast a potential increase to $0.000039 before Q2 of 2024 ends.
- Bonk (BONK)
Last, we will also discuss Bonk (BONK), a meme coin trading in the green as the market goes red. According to CoinMarketCap data, the price of BONK soared from $0.000020 to $0.000024 on the one-week chart. The Bonk market cap jumped from $1.35B to $1.57B during that period.
When looking at the technical analysis for this meme coin, its future looks bright. Notably, Bonk is trading above its 21 and 50-day EMAs. Moreover, over 22 technical indicators are in the buy zone for the Bonk coin. Thus, market analysts predict Bonk’s value will grow to $0.000038 before the end of Q2 2024.
What Are Meme Coins?
Meme coins are born from internet memes and funny ideas, which bring a light-hearted flavor to the cryptocurrency market. They are often hype-driven and very volatile. However, often, some stand out. An excellent representation would be KangaMoon, where they have made it entertaining and innovative.
What Meme Coin Will Pump Soon?
2024 will produce numerous meme coins; however, it is difficult to anticipate which one will pump. KangaMoon stands out among them all by bringing actual utility to the meme coin space. Plus, it has a low market cap of $19.6M, which means it will need far less new funds for its price to skyrocket.
Final Thoughts on the Best Meme Coins To Invest In
When the market dips, veteran traders view it as a chance to make money on underpriced cryptos. To put yourself in a good position to experience returns once everything goes up again, add these five meme coins to your wallet right now. If you are interested in KangaMoon, one of the best new meme coins, sign up for its presale using the links below and get a 10% bonus.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Telegram Community: https://t.me/Kangamoonofficial
