Bitcoin’s halving event has generated a lot of buzz, but according to crypto trader Rekt Capital, the true impact of the event has yet to be reflected in the market. Rekt Capital suggests that Bitcoin typically experiences a parabolic surge around 150 days after the halving event. Meanwhile, experts in the crypto industry have identified the top meme coins to invest in during the upcoming bull market. They believe that KangaMoon will surpass Shiba Inu, while Pepe is expected to dominate the market in 2024.
KangaMoon (KANG) is poised to outperform other meme coins in the market, despite Pepe’s recent success. Analysts have chosen KangaMoon as the frontrunner for the 2024 bull run. The coin, which is considered a top crypto investment, has already seen a 400% increase and is projected to reach new yearly highs of around $1 and $2. Most experts are optimistic about KangaMoon due to its unique presence in the meme coin market.
Unlike other meme coins that rely on hype, KangaMoon is focused on building a utility-filled ecosystem. The Kangaverse ecosystem includes player-to-environment (P2E) games where users can create avatars and compete against each other. The platform will also host various competitions and events to enhance user engagement and provide opportunities to win KANG tokens.
KangaMoon has also introduced SocialFi, an organic protocol that rewards users based on their contribution, engagement, and activity on social media platforms. The most active users will receive KANG tokens as rewards. As a new player in the meme coin space, KangaMoon has already gained significant attention and raised over $7.7 million in presale. It has also been listed on CoinMarketCap and CoinGecko. BitMart has announced its support for KangaMoon, further adding to the excitement surrounding this top meme coin.
Rekt Capital believes that the effects of the Bitcoin halving event have not yet been fully priced into the market. Historical data suggests that BTC goes through a consolidation phase for approximately 150 days after each halving. This indicates that, despite Bitcoin reaching new all-time highs, there is still potential for further price appreciation. Rekt Capital expects a breakout phase to follow the consolidation, which could last for several months. While BTC remains a top cryptocurrency to invest in, Rekt Capital is cautious about predicting a price above $400K in this bull cycle.
In the meme coin market, Pepe has emerged as a strong performer in 2024. Its price has surged by 1,000% and set multiple all-time highs. Analysts predict that Pepe’s market cap could rise from $6 billion to over $15 billion, surpassing its major competitor, Shiba Inu. Crypto Kaleo also shares this sentiment, highlighting Pepe’s significant upside potential in the current bull market.
In conclusion, based on historical trends, Bitcoin is expected to experience a major bull run in the coming months, which could also impact other cryptocurrencies in the market. As KangaMoon and Pepe are considered the top meme coins to invest in, KangaMoon’s unique ecosystem positions it as an excellent choice within the meme coin market.
For more information about the KangaMoon (KANG) presale, visit their website at https://kangamoon.com/ or join their community on Telegram at https://t.me/kangamoonofficial.
Tags: BTC, PEPE