With the crypto bull market almost upon us, investors have been looking for the cryptos to invest in. Three cryptos that are topping the list of top investors are the meme coins, Dogecoin and KangaMoon, and the altcoin, Toncoin.
In the last few days, Dogecoin (DOGE) has seen three significant whale activities. Three whale transactions totaling 276.06 million DOGE were recorded by Whale Alert, suggesting that investors were buying and selling.
This activity indicates that whale investors have differing opinions about Dogecoin. Although the cause of the enormous transactions is yet unknown, many people think that the most recent rise may be to blame. The trading site Robinhood provided 222.07 million DOGE to two unidentified wallets.
However, the other wallet made money by selling 53.99 million DOGE on Coinbase. These whale trades take place amid the meme coin market's explosive growth. Dogecoin's price has surged 45.5%, according to data from CoinMarketCap, from a weekly low of $0.08342 to a peak of $0.1334.
Binance Futures has announced the launch of the Toncoin (TON) Perpetual Contract with up to 50x leverage. Interestingly, the news of the listing has sent altcoin 35.8% on the weekly price chart. Toncoin skyrocketed to a weekly high of $2.86 from a low of $2.05.
The Toncoin network has received positive sentiment lately after an announcement from the messaging giant Telegram. According to Telegram, it plans to launch an ad revenue-sharing system where owners of communities get 50% of revenue from ads posted in their communities.
The ad revenue-sharing news has brought positive momentum to the Toncoin ecosystem, with analysts forecasting that the altcoin will see gains of 10x in 2024.
KangaMoon (KANG) is also working on its revenue-sharing model to allow investors to receive free KANG tokens. Although the project is in its presale stage, investors can earn free tokens by sharing the project's posts on social media platforms.
This is part of the platform's plan to reward active participants even in the presale stage, and it has attracted lots of investors. Notably, KangaMoon is poised to become the next top meme coin to invest in as it merges social engagement and meme culture into one platform.
Currently, KangaMoon has entered the second stage of its presale and is worth $0.0075. Those who invested in the first stage have already seen a 50% ROI with the potential for more gains going forward.
As the 2024 bull cycle develops, analysts have predicted more gains of 35x for KangaMoon after its listing on top exchanges in Q2 2024. This potential makes KangaMoon one of the top meme coins to invest in.
KangaMoon is a new meme coin that has the potential to rival top meme coins like Dogecoin and Shiba Inu. Its connection to the play-to-earn NFT Games market, which will grow 17.93% to $8.85 billion by 2028, is a major catalyst for growth.
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