Why Crypto Will Continue To Live On, Memecoin KANG Step Into Bullish Territory Surpassing Bonk and Chainlink

The post Why Crypto Will Continue To Live On, Memecoin KANG Step Into Bullish Territory Surpassing Bonk and Chainlink appeared first on Coinpedia Fintech News

Amid the high crypto market volatility, more projects are springing up daily with the general crypto market booming. The meme market has continued to boom with top meme coins witnessing massive adoption by traders. The Solana-based meme coin Bonk (BONK) has witnessed massive rallies in the past few weeks. Meanwhile, the new entry, KangaMoon (KANG), is already taking the market by storm, with experts projecting that it will surpass Bonk’s records in the coming months. Some analysts have picked KANG as one of the best meme coins to buy now. More details below. 

KangaMoon Reimagines the Meme Coin As It Steps Into Bullish Territory

KangaMoon (KANG) is taking the meme market by storm with its unique blend of play-to-earn excitement, community-driven decision-making, and a vision for a sprawling P2E arcade. This isn’t your average “buy, hope, and pray” meme coin because KangaMoon fosters a “we’re in this together” community vibe. Token holders can earn more tokens when they join to promote the project on social media.

This innovative approach breeds loyalty and shared ownership, propelling KangaMoon beyond the fleeting trends of the meme coin world. KangaMoon is working to become the meme coin king, toppling top meme coins like Dogwifhat, Bonk and Floki.

The KangaMoon stage 4 of the presale is underway, with the token sold for just $0.014. There is also a 10% bonus given to buyers now. Notably, the team has raised over $2.8M in the ongoing presale with a target of $3M before month’s end. Analysts are predicting a potential 50x surge in the coming weeks as the team prepares to list the token in a major Tier 1 CEX exchange in Q2. 

Also, just two days ago, KangaMoon announced their account verification on X and further strengthened their social media presence and assurance to their participants. Also, there is an ongoing competition tagged Community Engagement Campaign Season 1, where 50 random winners stand a chance to win $500 in KANG tokens. These are some of the things you stand to enjoy as an active community participant. 

Meme Magic Fades as Bonk (BONK) Price Plummets

The Solana-based meme coin Bonk, is facing a harsh reality check. After a week of intense seller activity, the Bonk price has plummeted by a staggering 29% based on market stats. This decline coincides with a significant drop in futures open interest, which has reached a 30-day low, indicating a potential fading of investor interest.

Technical indicators are adding fuel to the bearish fire. Bonk Aroon Down Line suggests a strong downtrend, while the Chaikin Money Flow and Relative Strength Index (RSI) points towards diminishing market strength and demand. With these signals in play, some experts are predicting a continuation of Bonk’s downward spiral movement. 

Soaring Revenue, Stalled Price: Can Chainlink (LINK) Bridge the Gap?

Chainlink presents a curious case study as its Cross Chain Interoperability Protocol (CCIP) is experiencing explosive growth, with revenue surging 180% in the past two months. This robust adoption paints a picture of a thriving DeFi project.

However, on the other hand, Chainlink’s price performance on the weekly and monthly charts tells a different story. It’s currently stuck in a holding pattern, dipping by a slight 3% in the monthly chart and 9% in the weekly chart. The Chainlink price has been hovering between $17.66 and $21.60 in the past 30 days. Also, Chainlink remains firmly above its key support levels, the 50-Day SMA and the 200-Day SMA. If bulls can hold the line at the 50-day average, a trend reversal in the coming weeks could be on the horizon. 

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

Website: https://KangaMoon.com/

Join Telegram Community: https://t.me/KangaMoonofficial