Bonk, Pepe and KangaMoon outshine Ethereum on ETF approval day

Pepe, Bonk and Kangamoon are outshining eth despite ETF approval. Kangamoon raises $7 million in pre-sales.

After months of intense scrutiny for potential approval, the ethereum ETF has now been approved by the US Securities and Exchange Commission (SEC). However, the effect of the approval has not been felt on ethereum's price, as leading memecoins such as Bonk, Pepe, and KangaMoon eclipsed the token in the past day.

KangaMoon Token Surges Amid CMC Listing

Although the ethereum ETF has become a reality, the Ether token is still behind Bonk, Pepe and Kanga Luna since approval in terms of bullish momentum. In particular, KangaMoon has appreciated by a whopping 400%, projecting it as one of the promising memecoins to invest in. With the token listed on CoinMarketCap, more investors are now entering the pre-sale.

Powered by its huge community of over 32,000 users and active holders of over 10,000, KangaMoon has raised around $7 million in pre-sales. Many analysts project it to be one of the most promising memecoins to buy. As one of the trending memecoins of 2024, KangaMoon's native token, KANG is on track to topple Solana-based memecoins like Bonk and Dogwifhat.

In particular, KangaMoon's unique vision combines two critical elements of GameFi and SocialFi that allow users to participate in activities in the ecosystem and win prizes. With this, users can earn money by playing to win and also by participating in KangaMoon social media campaigns such as the current Kangameme context.

As part of the measures to multiply investors' profits, there is the option of staking assets for a certain period. In exchange, users get up to double the amount wagered. As the pre-sale is coming to an end, KangaMoon has confirmed its listing on BitMart and other CEX exchanges will follow at a later date. As an ethereum-compatible token, the approval of the Ether ETF can also bring the best of KangaMoon.

ethereum Price Falls Despite ETF Approval

The ethereum ETF was approved on May 23, 2024, but its success did not raise the price of eth. While the token is up 16% in the last month and got too close to the $4k threshold, it has not skyrocketed since the approval news, with eth falling 3% in the last day.

However, ethereum's market capitalization and trading volume serve as a consolation as both reach new highs. As a result, analysts believe that the current decline is temporary and that ethereum will soon recover. With ethereum Price Prediction Over $4k, Investors May Consider Holding Their eth Assets

Bonk Price Rises Amid ETF Signing

In contrast to ethereum's lack of traction, Bonk has been moving steadily over the past week, rising 40% according to market statistics. This is a continuation of the year-long price increase, which currently stands at over 9000%. However, a big concern is Bonk's market capitalization, which has continued to decline.

While Bonk may have a low market cap, its business prospects look excellent. With several of the key market indices showing green signs, the token is likely to continue its monthly projection. With the Bonk token remaining close to its record ATH, the token could set a new all-time high this year.

Pepe token leads, eclipses ethereum rise

Pepe Coin also leads on different charts, increasing almost 1000% in one year. He has continued down that path with a 90% monthly increase. The token also has an improved lead in the last day, gaining a new all-time high of $0.00001535.

If we look closer, Pepe is very optimistic in many market indices. With Pepe's market cap set to reach $6 billion in the near term, the token is pumping massively and is among the best memecoins to buy ahead of altcoin season.

Conclusion

With Pepe, Bonk, and KangaMoon's rises over the past day eclipsing that of ethereum even despite the approval of their ETF, the tokens are poised for major progress in the next bull run. However, they may not be able to match ethereum's rally in the coming weeks if the ETF turns out to add more profits to Ether.

For more information, visit the Kangamoon website or join your telegram community.