Analyst's SHIB Prediction Makes Headlines; KANG and DOGE maintain dominance

Amid a resurgence in meme coin prices, crypto analyst Xanrox predicts a new peak for Shiba Inu, while Dogecoin and newcomer KangaMoon show strong performances.

Amid the recent price rally, cryptocurrency analyst Xanrox has made headlines with his bold Shiba Inu price predictions, suggesting that SHIB could hit a new all-time high. On the other hand, meme coins like KangaMoon (KANG) and Dogecoin (DOGE) have attracted attention this past week with their dominant performance. For example, DOGE value has increased by 5% recently, while many experts consider KANG as the next meme coin that will reach $0.5 in 2024.

Shiba Inu Price Remains Resistant on Charts

Recently, the Shiba Inu price has shown resilience on the charts, recovering from lows and posting steady gains. After falling to $0.000024 on March 20, 2024, the price of Shiba Inu has seen a steady rise and is now trading at $0.000027. The steady rise highlights the resilience of the SHIB coin to overcome challenges and strive to reach higher levels.

Xanrox prediction opens a strategic roadmap for investors. Use Fibonacci retracement and Elliott wave theory to identify $0.00002250 as an entry point to take advantage of market patterns including the formation of the bull flag to anticipate a rally. While his prediction sparks optimism, smart investors know the nature of the cryptocurrency markets. As SHIB price continues to reach resistance and key levels, investors should be cautious and balance gains with market changes.

The long-awaited DOGE day is approaching

The meme-inspired cryptocurrency has once again taken the meme coin market by storm, capturing attention with its long-awaited DOGE day set for April 20, 2024. The enthusiasm in the cryptocurrency market has been reflected in the Dogecoin price charts, recording an increase. of around 5% in the last seven days to trade at $0.1932.

The rise in Dogecoin price has boosted its market capitalization to $27.8 billion, solidifying its position as the eighth^th largest coin in CoinMarketCap. Additionally, the Dogecoin cryptocurrency has seen a 16% bounce in its 24-hour trading volume to $2.58 billion, reflecting increased interest in the coin. With this view, analysts have made bullish predictions on the price of Dogecoin, suggesting that DOGE could reach $1 by the end of 2024.

KangaMoon will experience great growth

Kanga Luna (Kang) continues to experience a notable level of growth with its latest pre-sale stage, which has resulted in massive bullish sentiment. KangaMoon price managed to rise from just $0.005 to $0.0196 during its last trading session, marking a 290% increase, having raised over $4.7 million. Analysts also project that KangaMoon's pre-sales activities could reach $6 million by the end of April 2024.

Key catalysts for KangaMoon's growth include its unique approach to SocialFi elements, along with P2E features. Through this approach, each user has the opportunity to create their own unique KangaMoon characters, participate in matches and earn rewards. Those who do not wish to participate in such matches can place bets and have a chance of winning.

With such activities, players will be rewarded with KANG and nft tokens, which can be sold on dedicated marketplaces. Due to KangaMoon's huge growth potential, the platform has managed to register more than 6,000 token holders and more than 20,000 registered members. Analysts predict that such a growth rate could see KangaMoon reach a 5,000% price increase once launched, positioning it among the best meme coins of 2024.

Conclusion

While the Shiba Inu and Dogecoin cryptocurrencies are in a better position than KangaMoon, this new meme coin has an advantage over the others with its low market capitalization. This means that KangaMoon's price could rise even further as it only needs fewer investors to increase its price faster.

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