As more crypto voters are showing interest in the upcoming US elections, enthusiasts maintain optimism that the outcome of the presidential elections will favour the crypto market. Meanwhile, some top altcoins to accumulate, which are anticipated to surge exponentially following the US elections, include Ripple, Shiba Inu, Pepe, Polygon and the new promising meme coin KangaMoon.
KangaMoon dominates the meme coin space
At the moment, KangaMoon (KANG) is beginning to gain traction in the meme coin space. In addition, sales from the ongoing presale have already exceeded $7.7 million, and estimates indicate that they will surpass $8 million in the next two weeks. Furthermore, KangaMoon has become well-known for creating a sizable community with over 32,000 registered users.
KangaMoon is a source of excitement for traders worldwide because it intends to dominate the Play-to-Earn (P2E) gaming market. To do this, it will start a P2E game where you can play and win KANG through in-game activities. Additionally, since it enables you to take part in weekly, monthly, and quarterly challenges that give you access to extra rewards and in-game items, having the KANG token is essential.
It's noteworthy that before its official launch, KangaMoon is giving away free KANG tokens to its most engaged community members. Traders are swarming KangaMoon's social media channels in an attempt to get the word out about it and win this promising meme coin. KANG is currently only $0.025 in the bonus stage of its presale-400% more expensive than it was at the beginning of the project's presale.
It was recently announced by BitMart, a tier-1 CEX, that KangaMoon will list on the exchange soon. Analysts remain optimistic about this and how it relates to the P2E gaming market. It's worth noting that CoinMarketCap and CoinGecko already listed KangaMoon. Analysts predict that in the second quarter of 2024, KANG will rise to $0.5, securing its position as one of the best meme coins to buy now.
Ripple price chart analysis
In recent years, Ripple (XRP) has had difficulty achieving a significant rally. The Ripple price has increased a little over the past month by 1.73%, but it has also suffered a slight setback, down 0.72% over the past week. With a minor decline, this declining trend has persisted to the present, when the Ripple price is hovering around $0.52. While Ripple faces regulatory obstacles in addition to market volatility, this continuous price volatility keeps investors on edge.
A bull run in 2017 marked the start of what would turn out to be a protracted accumulation phase for Ripple. Many believed that this stage would come to an end in the bull market that followed in 2021. However, the 2020 lawsuit brought by the SEC against Ripple harmed the token's price trajectory as evident on the Ripple price chart. Because of this, Ripple deviated from other cryptocurrencies that saw notable gains in the same time frame.
Shiba Inu market cap surges
Shiba Inu has surpassed Cardano and entered the top 10 cryptocurrencies by market capitalisation thanks to the current bullish run of meme coins. The Shiba Inu market cap has increased by over 15% during the last three days. But as cryptocurrency analyst Valeriya points out a strong buy signal for the Shiba Inu coin, it appears that this move is far from over.
It also offers tactical spot purchase guidance supported by a breakthrough in the trend line. This points to the fact that the token's value may be rising. Meanwhile, the Shiba Inu coin has surged by over 17% within the past 30 days.
Pepe price surges
The Pepe price has notably increased by over 110% within the last 30 days, trading at $0.00001472. Pepe is currently one of the most popular meme coins on CoinMarketCap, which can be attributed to the interest in the Ethereum blockchain-based token following the historic approval of spot ETH exchange-traded funds (ETFs). The ETH ETF approvals have created a lot of hype, and in less than a week, Pepe's open interest has increased by almost $34 million.
Analyst and trader Crypto Rover predicts that the Pepe market cap will increase by up to 6X Meanwhile, the Pepe market cap is currently $6.18 billion. Once the Pepe price broke out of the ascending parallel channel, it began to trade with a bullish bias. Nevertheless, the meme coin might be due for a correction before the next leg up, following a string of higher highs on the one-day timeframe for the PEPE/USD trading pair.
Polygon price chart analysis
With big promises, Polygon (MATIC) joined the cryptocurrency space. By providing a layer-2 solution, it attempted to address Ethereum's scalability problems and enable faster and less expensive transactions. Despite these aspirational objectives, the Polygon price has decreased from its peak. As of May 29, the Polygon price is trading at $0.72, a nearly 76% decrease from its December 2021 peak of $2.92.
Given the recent bullish trends in the larger cryptocurrency market, where many of the top cryptocurrencies have shown significant gains, this decline becomes noteworthy. In the meantime, Polygon recently underwent the Napoli upgrade, which improved its performance and scalability. Nevertheless, this hasn't yet resulted in favourable price movement, as Polygon has seen bearish trends, as evident on the Polygon price chart, and significant investor sell-offs.
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What is the potential rise of KANG?
KangaMoon is one of the most promising meme coins, and many investors are already interested in it. Furthermore, inflating the price of the token is less expensive because of KangaMoon's current low market capitalisation of only $25 million. Because of this, analysts predict that KANG's price will rise above $1 once it is listed on BitMart, making it one of the best meme coins to buy now.
Discover the exciting opportunities of the KangaMoon (KANG) Presale today!
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