The post DOGE Sees Significant Uptick in Network Activity, Analysts Predict XRP and KangaMoon (KANG) Price Breakout appeared first on Coinpedia Fintech News
Dogecoin (DOGE), the most popular meme coin, looks to have recovered from its recent downturn with a surge in network activity. Over the last week, Dogecoin has seen a more than 1,100% increase in new addresses. As a result, a leading cryptocurrency analyst has made a highly bullish prediction for the altcoin.
Other altcoins that have piqued the interest of cryptocurrency analysts include Ripple (XRP) and KangaMoon (KANG). Both altcoins are likely to stage a breakout rise in the coming weeks. Continue reading to discover how high these coins can go in the coming weeks.
Dogecoin (DOGE) Network Activity Surges, Rally Expected Soon
According to recent IntoTheBlock data, Dogecoin (DOGE) has been one of the most active networks. Ali Martinez shared that DOGE had recorded a “remarkable surge in growth” over the past week with new addresses.
The number of new DOGE addresses had surged by approximately 1,100%, as per the data provided. Based on this record-breaking performance, Martinez has predicted that Dogecoin could experience a significant uptrend. From its current range at $0.07800, the memecoin would look to top $0.10.
Another development that suggests a potential uptrend comes from a SpaceX update. SpaceX has decided to accept Dogecoin as payment for the rescheduling of the much-anticipated DOGE-1 Mission to the Moon. Ecstatic about this development, the DOGE community is anticipating a price surge in the coming weeks.
Ripple (XRP) Retests Key Level, Analysts Project Massive Rally
Ripple (XRP) has been another altcoin that has been quiet for most of 2024. Battling increased bearish pressure, the Ripple coin has dropped by 12% over the past month. While this has seen its price drop to the key support level of $0.5000, analysts have spotted a bullish trend.
As a result of this price drop, the Ripple coin has retested a 10-year support level, as reported by JD. Based on the forecasts from JD, XRP could embark on a staggering 39x price surge as a result.
If this prediction happens, then XRP could set a new ATH above $19. While this prediction seems far-fetched, the popular data provider, Santiment, is also bullish about the Ripple coin. With this, we expect Ripple to gain significantly over the next few weeks.
KangaMoon (KANG) is Set for a Parabolic Rise in 2024
While Dogecoin and Ripple are set for significant gains, KangaMoon (KANG) is a new project many experts expect to outperform the rest of the market. There are bullish predictions about this meme coin because it is expected to unseat the likes of DOGE, BONK, and PEPE.
KangaMoon is expected to outperform these memecoins because it boasts of something others lack – utility. The KangaMoon DeFi project is building a Social-Fi community for memecoin enthusiasts. The project will encourage members of the community to participate in challenges, tasks, tournaments, and other special events.
Participating in these activities allows users to earn cash, KANG tokens, and other digital assets. KangaMoon’s tokenomics are also a significant advancement over existing memecoins. Unlike Dogecoin, which has no maximum token supply, KangaMoon has one billion tokens available at launch.
To increase KANG scarcity, the team has implemented a deflationary burn mechanism. This suggests that KANG will become increasingly scarce in the next few years. With its upgraded approach to the memecoin space, crypto experts expect KANG to exceed XRP and DOGE with a 100x price increase in 2024. The cryptocurrency is currently available for only $0.005 per coin, making it the best deal available right now.
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