MAGA is a meme coin inspired by Donald Trump. Much like most meme coins, MAGA fluctuates based on market trends. With the 2024 election coming later this year, some experts believe MAGA could experience significant returns.
That said, MAGA lacks real utility. KangaMoon could offer greater opportunities. This innovative project has already sold out during the 2nd presale round and could become one of the top 3 top performing meme coins of 2024.
Can MAGA Surge During The 2024 Election?
MAGA (TRUMP) is a meme token built on the Ethereum blockchain. Initially launched in August 2023, MAGA has experienced significant growth in less than six months. Its value has increased from $0.007792 to an all-time high of $11.56 on March 4 2024.
According to CoinMarketCap data, MAGA is currently trading at $8.97, and its value has increased by 54078% since its initial launch. This increase has put MAGA in the top 250 ranked cryptocurrencies in the world.
However, MAGA’s daily trading volume suggests that MAGA is yet to gain mainstream traction. At the time of writing, MAGA had a daily trading volume of just $25 million, its price had decreased by 15.25% over the last 24 hours.
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Given that the crypto market is currently experiencing a bull run, these statistics suggest that MAGA is failing to gain traction as investors choose more lucrative options with greater utility.
KangaMoon Offers Greater Utility Than Most Meme Coins
KangaMoon is the new meme coin with disruptive potential. The project has already experienced two price increases during its presale, and has amassed a large audience of like-minded meme coin enthusiasts. Now entering stage 3 of its presale, experts believe KangaMoon could see another price increase in March.
KangaMoon differentiates itself from other meme coins with its social-fi features. These features give the meme coin great utility, and provide users with a myriad of opportunities to generate an income. For example, users can complete weekly, monthly, and quarterly challenges to earn $KANG tokens.
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Investors will be able to generate $KANG tokens during the KangaMoon presale. They can do so by helping to promote the project on social media. Investors will be rewarded for their efforts, allowing them to generate profits before KangaMoon launches.
Within its ecosystem KangaMoon will also offer a P2E game. As part of this game, users will be able to compete for rewards and place bets to maximize returns. Rewards can be sold via the KangaMoon marketplace or used in-game.
KangaMoon recently sold out the second stage of its presale, and KANG has increased to a new all-time high of $0.01125. Investors who buy tokens during stage 3 will be able to capitalize on a 10% buy bonus.
KangaMoon Or MAGA?
Although MAGA has offered strong early returns, the meme coin lacks utility. The project is built purely on market trends, and as a result, will likely crash after the 2024 election. With this in mind, KangaMoon is a significantly more stable and high-potential token when it comes to long-term growth and development.
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