With European Union Nations Set To Enforce Cryptocurrency Regulations, What’s Next For The Meme Coin Market?
With the cryptocurrency market growing at an alarming rate, many countries in the world have adopted cryptocurrencies as a medium of exchange. However, most of the time, this comes with regulations that might affect the cryptocurrency market.
Presently, several European nations are preparing to enforce the Markets in Crypto Asset (MICA) law, a crypto regulation that would see to the supervision and licensing of crypto service providers. Once this law is implemented, crypto exchanges, wallet providers, and other crypto firms would be able to operate freely throughout the European Union provided they secure a license.
However, this might cause a ripple effect throughout the cryptocurrency industry, including the rapidly-growing meme coin market. With top meme coins like Dogecoin and Shiba Inu springing up, the meme coin market has risen to prominence, paving the way for more innovative memecoin projects. One such token is KangaMoon (KANG), a relatively new cryptocurrency that has won many hearts with its unique P2E features and reward system.
KangaMoon (KANG) Prepares To Dominate Meme Coin Market With Its P2E Features
Deviating from the conventional memecoin culture, KangaMoon (KANG) has emerged as a huge contender in the meme coin market. With its Play-to-Earn features, KangaMoon creates a thriving ecosystem dubbed “Kangaverse” where users and traders can enjoy an immersive gaming experience and earn while at it.
Notably, KangaMoon merges the unique features of SocialFi and GameFi’s play-to-earn, thereby enabling users to earn on its platform by participating in battle-themed contests, speculative betting, periodic challenges and special giveaways. Aside from this, users who engage the project’s posts on social media have the opportunity to earn free KANG tokens, which can be traded alongside other valuable in-game items on a dedicated marketplace.
Meanwhile, KangaMoon’s network has raised over $6.5M as of the fifth presale stage, and is aiming to hit the $7M funding milestone before the campaign comes to a close. In an attempt to boost participation and community engagement, KangaMoon recently announced a partnership with the RaidSharkBot, an engagement bot with a proven history of accelerating community engagement within the crypto space.
Furthermore, the native KANG token has risen from its initial price of $0.005 to $0.025 in the current presale stage, and has already rewarded early buyers with up to 400% in profits. With an anticipated listing on top-tier exchanges, now is the best time to dive into the meme coin market and join the KangaMoon community.
Floki (FLOKI) Attracts Traders After 375% Yearly Increase
With the advent of the bull run, Floki (FLOKI) experienced a huge surge in the last year with a 365% margin. This moment garnered the interest of crypto traders and enthusiasts, with many vying for a place on its network. Since then, interest in Floki has risen to an all-time high, pushing up the value of the token.
Currently trading at a weekly price range between $0.000144 and $0.000186, Floki boasts a market cap of about $1.4B. The token has also seen an incredible rise in its trading volume, highlighting the massive adoption and purchase of the token.
Bonk’s (BONK) Community-driven Platform Attracts Attention
One of the foremost meme tokens on the Solana blockchain, Bonk (BONK) has surprised crypto traders and enthusiasts after witnessing a 400% surge in the last year. Since then, Bonk has been a mainstay cryptocurrency in the meme coin market, securing major listings on popular exchanges like Coinbase.
Through its community-driven platform, traders and users have flocked to the Bonk network looking to participate in its amazing features and benefits. However, despite its resilience amidst the bear market, the BONK token suffered a decline of about 16% in the last month and 17% in the last seven days.
Regardless, the optimism surrounding Bonk price trajectory hasn’t waned, with market analysts touting its current position to be temporary. Ranked among the top five largest meme tokens by market cap, analysts have predicted Bonk to witness an upcoming surge in the coming days. Furthermore, with the upcoming EU MiCA law implementation, the Bonk’s value is said to head in a positive direction.
Dogwifhat (WIF) Maintains Position As Top Choice Meme Coin
Built on the Solana blockchain, Dogwifhat (WIF) has surpassed expectations, rising to immense heights shortly after its release. In the last year, the dog-based meme has soared over 1300%, demonstrating its dominance in the meme coin market. However, since the advent of the bear market, Dogwifhat has seen a downward trajectory, plunging by 45% in the last month and about 30% in the last seven days.
Despite this noticeable setback, the meme coin has shown resilience after a recent surge in its trading volume, highlighting the heightened adoption of the token. Moreso, while WIF token remains one of the top-performing meme tokens on the Solana blockchain, market analysts are predicting a massive resurgence, come the bull market. Currently trading at a weekly price range between $2.29 and $3.29, Dogwifhat boasts a market cap of over $2.3B, making it one of the top meme coins to buy.
Pepe (PEPE) Shows Signs Of Recovery After Boost In Trading Volume
Coined from the popular Pepe the Frog meme, Pepe (PEPE) has gone on to be an iconic player in the meme coin market. Leveraging on its vast and thriving community, Pepe has gone up the meme coin ranks with immense speed, surpassing expectations.
With its strategic collaborations alongside its innovative features and use case, Pepe has been poised for immense growth in the years to come. Currently trading at a weekly price range between $0.00000601 and $0.00000746, Pepe’s success story started with a huge 410% price surge in the last year.
However, with the bearish tendencies surrounding the cryptocurrency market, the token has plunged 22% in the last month and about 16% in the last seven days. Despite this, the token has seen an impressive rise in its trading volume, suggesting a significant adoption and purchase of the PEPE token. While it continues to demonstrate resilience amidst the hurdles in the market, crypto observers have analyzed the token and touted it for growth in the coming years.
How Do The New Cryptocurrency Regulations Affect KangaMoon’s (KANG) Growth?
While the EU nations prepare to implement the MiCA regulations, KangaMoon has done nothing but excel, recording milestones since the start of its presale phase. With the regulations in place, this might add a boost to KangaMoon’s already-accelerated trajectory, solidifying its name as one of the top meme tokens to buy in the meme coin market.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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