Dogecoin and Shiba Inu Struggle For Momentum as Holders Switch to New Memecoin

Two of the top meme coins in Dogecoin (DOGE) and Shiba Inu (SHIB) have struggled to sustain a bullish rally in the past weeks on the market. Following this development, the token holders have sought alternative crypto investments to mitigate the declining momentum of Dogecoin and Shiba Inu.

In searching for alternatives, KangaMoon (KANG) stands out as one of the best-performing meme coins while showcasing massive growth potential. As a result, holders of the two top meme coins are switching to KangaMoon to position for future gains. Below are more details.

Dogecoin Holders Fear an Extended Price Decline

The status of Dogecoin (DOGE) as the most valuable meme coin by market capitalization remains. However, the recent trajectory of Dogecoin’s price has put holders on alert for an impending significant decline. For context, Dogecoin has lost about 4% within the last week. 

Meanwhile, Dogecoin’s price has maintained a positive trajectory of 8% growth within the last month. Nonetheless, holders fear that the recent dip in price value could be the start of an extended bear trend. As such, a significant number of the token’s investors have switched to the emerging KangaMoon meme coin.

Shiba Inu (SHIB) Rebounds, Set to Rally

The price of Shiba Inu (SHIB) overcame its slight retracement to set its price value on the path of a bullish rally. However, Shiba Inu’s price within the last week shows only a slight 2% gain as holders migrate to KangaMoon, which experts forecast a 10x rally in June. 

However, with the rising moment of Shiba Inu’s trading volume and market cap, the token will likely trigger an extended bullish sentiment, making it a top meme coin to invest in. In the past week, data from Shibburn shows that the SHIB burn rate has surged by over 60%, with the Shiba Inu transaction volume spiking by 169%. This shows increased market activity. As such, the SHIB price could increase by 100% in June. 

KangaMoon (KANG) – The New Potential Blue-chip Meme Coin

Following the fluctuating price levels of meme coins like Dogecoin and Shiba Inu, KangaMoon (KANG) has stepped up as one of the best-performing meme coins even while still in presale. For context, KangaMoon has raised over $7.3 million in sales. Notably, the token has gained 400% so far in its presale, with an additional projection of 450% uptrend before launch.

All these stats give insight into how exponential the potential of the meme coin has become. With its listing on CoinMarketCap and CoinGecko, KangaMoon has even begun its groundwork toward launching. As such, investors who want to benefit from both the pre-launch and post-launch price rallies should start investing in the KangaMoon token now at the price of only $0.025.

Meanwhile, the KangaMoon platform provides a thriving ecosystem to make income from the play-to-earn gaming adventure. As such, players who reach certain milestones will be rewarded with digital collectibles, including the KANG token. 

Also, the KangaMoon platform doubles as a thriving meme community designed to facilitate interaction and engagement between meme enthusiasts on the platform. Overall, KangaMoon represents a seamless synergy of GameFi and SocialFi structures and an opportunity to invest in KANG, which is seen as one of the best meme coins in the market. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

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