Dogecoin and Bonk struggle to keep up as holders switch to new memecoin

Pepe, Floki rise while Dogecoin and Bonk lag behind. Investors look to KangaMoon for market leadership.

Some big names in the meme coin market, such as Pepe and Floki, have soared in recent weeks. However, memecoin titans Dogecoin (DOGE) and Bonk (BONK) have not been able to keep up with the growing momentum. As a result, many investors are switching to the new memecoin, KangaMoon (KANG), which has shown potential to lead the market for the rest of the year.

Dogecoin overtaken by Pepe and Floki, risks further rejection

While Dogecoin remains the most recognizable name in the memecoin space, it has been overtaken by the likes of Pepe and Floki in recent weeks. In the last 60 days, Dogecoin's price has plummeted 25%, while memecoin titans have posted double-digit gains.

It could be even worse for DOGE investors, as pseudonymous market analyst Credible has pointed out. x.com/CredibleCrypto/status/1795129505637642269″ target=”_blank” rel=””>aware an advert. According to Credible, the next big move in bitcoin could well cause the value of Dogecoin to fall. Another analyst has come to similar conclusions as the first and according to Ali Martinez, the main level of interest in DOGE is at $0.1700, which is a key resistance level.

Bonk's momentum slows and he loses fifth place

After its strong start to the year, Bonk (BONK) price has been sluggish over the past three months compared to other major memecoins. Bonk's declining momentum can be seen in the meme coin's declining trading volume.

With the rise of the major memecoins, Bonk has lost its position as the fifth largest memecoin. Bonk now has a market cap of $2.4 billion and a price of $0.000035. As BONK fails to keep up with the growing memecoin market, many investors have turned to the most promising new coin, KangaMoon.

KangaMoon, the new memecoin that attracts attention

Unlike BONK and DOGE, Kanga Luna has been one of the top memecoins to invest in in recent months. While KANG's price has risen 400% this year to its current price of $0.025, KangaMoon has attracted a lot of attention in the memecoin space for its unique new ecosystem.

KangaMoon is doing things differently than conventional memecoins, merging P2E, nft, metaverse, and GameFi into its ecosystem. The goal is to create a vibrant community like other major memecoins, but give them the opportunity to earn passive income. Users can participate in daily, weekly and monthly contests to win KANG and other exciting prizes.

To boost community engagement, KangaMoon has created a new protocol known as Social-Fi. With this, KangaMoon rewards its users based on their participation and activity level on the platform. With the opportunities, KangaMoon has already onboarded more than 32,000 users. The growing recognition has also led to KANG being listed on top aggregator platforms, CoinGecko and CoinMarketCap.

BitMart, the leading centralized exchange, has also announced that it will list the KANG token very soon. The pre-sale has raised over $7.5 million, which shows how much confidence the memecoin community has in the KangaMoon initiative. As a result, crypto experts have predicted that the price of KANG could rise from $0.025 to reach a high of $1 in 2024, making it one of the top memecoins to invest in now.

In conclusion

After dominating the memecoin market for different periods, Dogecoin and Bonk have seen their momentum drop in recent months. This drop coincides with the growing interest in KangaMoon. KANG has become one of the top memecoins to watch due to the unique ecosystem it brings to the table that other established memecoin titans lack.

For more information, visit the Kangamoon official website or follow the project through Telegram.