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Cryptocurrency News Articles
KangaMoon, Tron, Maker, Bonk, and Pepe Emerge as High Performers in the Crypto Market
Jul 25, 2024 at 02:22 pm
Investors are keenly watching KangaMoon, Tron, Maker, Bonk, and Pepe to see which of these memecoins will emerge as high performers.
Investors are keeping a close eye on KangaMoon, Tron, Maker, Bonk, and Pepe among the memecoins in the market, as they are expected to perform well in the coming weeks.
As we can see from the latest price movements, many cryptocurrencies are showing signs of recovery from the recent market downturn. Some memecoins, in particular, have managed to maintain their bullish momentum throughout this period.
According to the latest data from CoinMarketCap, KangaMoon (KANG), Tron (TRX), Maker (MKR), Bonk (BONK), and Pepe (PEPE) are among the top gainers on Monday, April 24.
Let's take a closer look at each of these memecoins and see what the technical analysis has to say about their future price movements.
KangaMoon price analysis: KANG eyes 10-20x rally before Q4
Among the memecoins that performed strongly during the recent market sell-off and are now preparing to launch their ecosystem in the near future, KangaMoon (KANG) stands out.
After rallying over 100x from its bottom during the recent market downturn, KANG is now positioned to deliver another 10-20x rally before the end of Q4 this year. Additionally, the memecoin is available on MEXC, BitMart, and Uniswap.
As evident from our previous KangaMoon price analysis, the memecoin is gearing up for a new bullish wave, presenting an ideal opportunity for investors seeking high returns from memecoins in 2023.
Tron price analysis: TRX soars to monthly peak of $0.14
After consolidating in a narrow range for an extended period, Tron (TRX) has finally shown signs of recovery in the past month. The altcoin soared to a monthly peak of $0.14 from a low of $0.115. While TRX has suffered some losses in the past few weeks, it remains among the leading coins in the market now.
According to the latest price information from CoinMarketCap, TRX is trading in the green region on the weekly and monthly timeframes. Notably, Tron price is trading above the 50-day and 200-day SMAs, which is a positive indication.
As TRX price is expected to soar to $0.139568 in the coming weeks, investors and traders can anticipate further gains from this cryptocurrency.
Maker price analysis: Defi coin soars, $4000 next?
In the past week, there has been a general bullish trend on the defi market, and therefore the price of Maker (MKR) has risen. The coin climbed from a weekly low of $2,250.28 to a peak of $3,010.63 before facing some correction.
Despite the price correction, the Maker token is still bullish on the weekly and monthly timeframes, with profits of 31.5% and 26.8%, respectively. Mammontrading says the value of the cryptocurrency could soar to $4,074 in the coming weeks.
Bonk price analysis: Bonk YTD gains skyrocket
With a YTD gain of 7063.6%, Bonk (BONK) is among the top performers in the market now. Apart from the yearly gain, this memecoin is also bullish on the lower timeframes. Data from CoinMarketCap shows the value of Bonk has increased on the weekly and monthly charts.
TubbingsW is bullish about Bonk. They expect the Bonk price to skyrocket past $0.000030 soon. The prediction from Coincodex also says the price of Bonk could cross $0.000030 to $0.00003461 in the next few weeks.
Pepe price analysis: Pepe price surpasses 50 and 200-day SMAs
One of the top memecoins in the crypto market, Pepe (PEPE) is showing gains on the price chart. Data from CoinMarketCap reveals the price of Pepe has increased by 33.0% and 1.3% on the weekly and monthly timeframes, respectively.
Due to the recent price increase, the price of Pepe coin is now located above the 50-day and 200-day SMAs which indicates that bulls are dominating. Coincodex is bullish about the memecoin and how far it can go in the next trading sessions. They forecast the price of Pepe coin could soar to $0.00001568 in the short term and $0.00004047 in the long run.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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