Ethereum Memecoins Expected To Skyrocket After Trading $6.4bn in February! Who Will Reign Supreme In March?

Explore the booming world of Ethereum-based memecoins, including Pepe, KangaMoon, and the resurgence of Shiba Inu’s market potential.

Shiba inu jealous of Pepe's jumps through green waters.
Created by Kornelija Poderskytė from DailyCoin

Ethereum-based memecoins are gaining unprecedented traction, with February trading volumes surpassing $6.4 billion as people become millionaires overnight. Now in March, three new memecoins are predicted to skyrocket as they gain viral momentum online. Let’s find out which altcoins are on the list.

Pepe (PEPE): A Frog’s Leap into Memecoin Stardom

Dogs may have been all the rage in 2021, but Pepe proves that frogs can also make a splash in the memecoin world. With a $3.79b market cap at the time of writing, Pepe is the third-largest memecoin, and its popularity shows no signs of waning.

Named after the infamous Pepe the Frog meme, this ERC-20 token has made a name for itself by appearing in nearly every comment section and Twitter thread imaginable. Whether Pepe is on his computer or dressed up as a wizard, there’s no denying that this frog has captured the hearts and wallets of many investors.

The Pepe price has grown from $0.000001100 on February 24th to a recent peak of $0.0000098000. While the price has since corrected to $0.0000091700, consolidation after a period of intense growth is to be expected before the next leg up.

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The psychological $0.000010000 zone may prove difficult to overcome, but with the memecoin market starting to heat up, it may be a matter of time before we see this token surpass its previous all-time high.

Earning with KangaMoon (KANG): A Presale Opportunity

KangaMoon is a memecoin with a difference. While the likes of Pepe and Shiba Inu rely on the hype of online communities to drive up their value, KangaMoon offers play-to-earn and social-fi features to offer high utility to its holders.

The KangaMoon game allows players to build characters with unique abilities to compete in fun-filled activities and competitions. Whether users participate directly in battles and tournaments or spectate and bet on outcomes, there are multiple ways to win big.

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KANG is the in-game currency used to reward competition winners and to purchase special items and NFTs from the KangaMoon marketplace. Holders of KANG will be able to stake their tokens to earn additional rewards and access exclusive features within the game.

KANG tokens can now be bought for just $0.014 in the fourth presale stage. The price will keep increasing with each presale stage, so those who get in early stand to make the most gains should KangaMoon become the next big meme token.

Analysts note that the meme market is worth more than $62b, with more than half of that added in the past two months alone. Capturing even a small fraction of this market could mean a billion-dollar valuation for Kangamoon and early investors reaping 35x or more returns on their token buys.

Could Shiba Inu (SHIB) Reach a $80B Market Cap?

Shiba Inu took a leaf out of Dogecoin’s book and captured the imagination of millions with its adorable canine mascot. Dubbed the “Dogecoin killer,” Shiba Inu rallied to a $40b market cap in less than one year during the FOMO-driven bull market of 2021.

While the price corrected in 2022 and 2023, renewed interest in Shiba Inu was seen at the start of 2024 as memecoins captured traders’ attention again. The Shiba Inu price is up by more than 400% in the last three weeks alone!

Pepe relies on funny and relatable memes to drive its popularity, but Shiba Inu’s recent success comes from its expanding ecosystem that includes a decentralized exchange, layer-2 scaling solution, NFT marketplace, and more.

It’s also worth noting that Shiba Inu burns A LOT of tokens. In fact, the project has burned 14,467,663,088 tokens in the last week! This burn mechanism reduces circulating supply and increases scarcity, potentially contributing to Shiba Inu’s price growth.

Technical analysis of the Shiba Inu chart shows resistance in the $0.000040000 area, with strong support at $0.000020000 should the market correct. Some analysts predict that Shiba Inu could mimic Dogecoin’s 2021 run and reach a $80b market cap peak if market conditions remain favorable.

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

Website: https://KangaMoon.com/

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