The Road to a $1 Price, Who Will Get There First?

The post The Road to a $1 Price, Who Will Get There First? appeared first on Coinpedia Fintech News

The meme coin market is already seeing a lot of positive excitement indicating that the bull run is close. As a result, many meme coins are bracing up to be at the top of the impending meme coin boom. Some of the tokens that are making the loudest noise currently are KangaMoon, XRP, Dogecoin, and Shiba Inu. However, which of these top meme coins will reach the $1 benchmark first? Let’s find out the analyst’s projections.

Can KangaMoon Price Shoot Up to $1 Soon?

In the battle to reach $1, KangaMoon (KANG) is projected to outshine Shiba Inu, XRP, and Dogecoin in 2024. Its stake in the NFT market, which will be valued at $8885 million in 2028, has made it one of the top meme coins with a great chance of shooting up to $1 soon. Unlike the other meme coins, KangaMoon boasts real utility in GameFI and SocialFi, all combined to create an interactive platform.

Another key reason KangaMoon’s price can shoot up is the return on investment, which is now at 400%. This alone proves that the token has proved a better investment than its competitors. Furthermore, KangaMoon has a very low market cap, which gives it an edge as one of the top meme coins to invest in. By jumping from $0.005 to $0.025 within a few months, the token has an unrivalled potential to be the first to reach $1 in the meme coin market.

KangaMoon also has a burgeoning staking option, allowing investors who have locked up their assets to earn more. Although the KangaMoon community, which has over 25k members and nearly 10k holders, may be less than others in this list, the platform’s several benefits and rewards may see it attract plenty of admirers. With a potential jump in ROI of up to 1000% after BitMart listing soon, KangaMoon has a better chance of hitting $1 sooner than others, making it one of the top meme coins to invest in 2024.

How Far Can Ripple Price Go?

Due to its robust ecosystem, XRP also has a chance of reaching $1 soon. Although the token has had to contend with severe bearish pressure in the past few weeks, the XRP network provisions of speed and scalability at low cost make it an option for many investors.

With the XRP market cap setting eyes on $30 billion, the token has a larger presence, making it more established and less risky. Even at that, XRP price may still struggle to catch up with KangaMoon which has gone up by 400% barely a few months after starting presale.

How Soon Can Dogecoin Reach $1

Backed by Elon Musk, Dogecoin has massive traction that makes it appealing to investors. However, the Dogecoin token is at a far distance from the $1 threshold, making it unlikely to upstage KangaMoon. Although the Dogecoin market cap of over $21 billion ranked it the 9th largest crypto, the meme coin has failed to spark in recent times.

The Dogecoin market sentiment is tilting towards the positive trends, but the token faces a battle to cross the next resistance hurdle of $0.2. While there is every chance that the Dogecoin price may reach $1, the current prediction shows it may not be soon.

Shiba Inu Far Behind $1, Can it Spring a Surprise

Shiba Inu token has the least chance of shooting up to $1. Since its launch in 2020, Shiba Inu’s highest value was $0.00008845, attained in 2021. Looking closely at this figure, Shiba Inu is far behind the target value of $1. 

While there could be surprises, Shiba Inu price may need to do 100x before nearing the threshold. With Shiba Inu’s market cap already above $14 billion, this target might look impossible. As such, the token may only have to look on as KangaMoon hits $1.

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

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