Institutional Interest In Memecoins Rises As DWF Labs Invests Millions In FLOKI, These Memecoins Are Predicted To Skyrocket

Recent statistics show that institutional interest in memecoins has begun to rise even as evidenced by the recent move of DWF Labs investing millions in FLOKI. Amid this move, analysts predict that meme coin titans such as FLOKI, Pepe, and KangaMoon will skyrocket in the coming months.

KangaMoon Ranks High Among The Meme Coin Titans

Remarkably, KangaMoon has kept on its upward trend and is getting closer to a presale revenue of $8 million. A community-driven project, KangaMoon reflects a decentralized ecosystem where players unite for an engaging gaming experience. Users can win large from around 250 million tokens that are set aside as in-game benefits by regularly participating in gaming competitions and completing simple social tasks. 

More investors are coming into the project because of this highly-rated feature. The platform has over 32,000 registered users and 10,000 active holders. Interestingly, KangaMoon has become one of the best new meme coins by offering holders a huge return on investment. After being listed on CoinMarketCap and Coingecko, KANG has increased 400% as of the most recent count. 

Even though the project is getting closer to launch, there is still plenty of time to profit greatly from KANG, which is worth $0.025 in the bonus presale stage. Moreover, traders can stake their assets after purchase to increase their earnings. 

Since Bitmart is the first exchange to list the token as the presale comes to an end, KANG is among the best new meme coins to purchase for a significant profit. The price is predicted to increase as more exchanges list the token, maybe giving investors a return on investment of more than 1,000%.

FLOKI Price Hits ATH

Like most meme coin outperformers during the previous bull cycle, the FLOKI coin has fallen behind recently introduced tokens, mostly PolitiFi and releases with celebrity inspiration. But even as industry titans like Ethereum creator Vitalik Buterin voice worries about the effects of worthless memecoins on cryptocurrency, the focus is still mostly on Dogecoin, Shiba Inu, Pepe, and FLOKI.

Meanwhile, Crypto trading and investment company DWF Labs declared on Monday that it had purchased millions of the FLOKI coin valued at $12 million. The company claimed its objective is to help FLOKI’s ecosystem expand, which comprises initiatives like the credit card, a digital bank powered by FLOKI, and the impending Valhalla metaverse game. On June 5 following the DWF Labs news, the FLOKI price reached a new record high of $0.0003449. 

Pepe Trading Volume Increases

Over the past 30 days, the Pepe price has climbed by more than 67% from 0.000008537 to $0.00001435, despite falling by 3.5% within the past 7 days. Meanwhile, the 24-hour Pepe trading volume has also surged by 30% to reach $1.49 billion. 

Moreover, the nearest support for the Pepe price is at $0.000014, and the nearest resistance is at $0.0000155. At $0.000014 is the 10-day SMA and at $0.000015 is the 100-day SMA while the price is in a corrective move with an RSI of 35.60 and a MACD level of -0.00000018.

Can KangaMoon Surpass FLOKI And Pepe?

KangaMoon enters the meme coin market with a game-changing concept combining SocialFi and GameFi. Moreover, it is attracting a lot of investors’ attention in the presale stage and analysts predict an exponential price increase after listing. Pumping the price of the meme coin is less expensive because of its small market cap. The recovery seen in the meme coin market suggests that the bulls are back further supporting KANG’s potential to skyrocket. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

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