HomeMeme CoinDogecoin's US Supreme Court ruling: will Shiba Inu?

Dogecoin’s US Supreme Court ruling: will Shiba Inu?

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Famous crypto giants, like Bitcoin, are seeing their prices fall, causing a little slump in the market. However, following the US Supreme Court’s decision in favour of Dogecoin’s US Supreme Court in a lawsuit involving Coinbase and Dogecoin, the value of DOGE has skyrocketed. DOGE is now ranked among the best 2024 meme coins, alongside Pepe (PEPE), Bonk (BONK), Dogwifhat (WIF), and KangaMoon (KANG)…

Nevertheless, new meme tokens like KangaMoon—which has been published on CoinMarketCap and Coingecko and is awaiting listing on BitMart—provided stiff competition, causing Shiba Inu—which has been going through a price correction—to fall short.

KangaMoon (KANG): Fresh Listing on CoinMarketCap and CoinGecko Increases Price 100x

An early investor in KangaMoon (KANG) saw a return on investment (ROI) of 400%, which caused quite a stir in the meme currency market. Additionally, this one-of-a-kind coin has raised over $7 million, to reach $8 million by May’s end. The initiative now offers a $1,000 monthly reward pool and an improved community involvement experience thanks to its new relationship with RaidSharkBot.

KangaMoon (KANG): Fresh Listing on CoinMarketCap and CoinGecko Increases Price 100x

Unlike other much-touted meme coins, KangaMoon has many practical applications. Its forthcoming P2E games will use the KANG token as their in-game currency. Users will be able to buy things and level up their characters simultaneously. In addition, specific tasks will be available only to KANG holders, giving them an extra shot at earning rewards and more KANG tokens.

Even before it debuts, KangaMoon will reward its most active members with free KANG tokens to give back to the community. With this change, KangaMoon’s social media posts have gained over 32,000 likes and shares, solidifying the currency’s status as the top meme coin to invest in.

The current price of KangaMoon is $0.025, which is a 400% increase from its previous value. One of the new meme tokens with a high return potential in 2024 is KangaMoon, which has recently been listed on CoinMarketCap and Coingecko. Analysts predict a 100x spike within that year.

Glassnode Analyst Predicts a 13-Factor Increase in the Dogecoin (DOGE) Price.

An extremely bullish Dogecoin price prediction was made public by a Glassnode analyst, who predicted a 13x surge for the meme coin. The market is going positively when Dogecoin’s US Supreme Court follows a large cup and handle pattern. According to historical data, this Dogecoin pattern usually comes before consolidation and then a breakout.

Dogecoin, a leading meme coin, has been finding support at the 50- and 200-day exponential moving averages. Suggesting a potential spike in the near to medium term. In addition, DOGE’s capacity to achieve new heights in 2024 might be significantly influenced by the US Supreme Court’s decision in favour of Dogecoin vs its lawsuit with Coinbase.

Pepe (PEPE) Price Soars by 35% in Week

In a week, the price of pipe surged 35%. Pepe currency has reached a new all-time high of $0.00001470, driven by growing anticipation of the spot Ethereum ETFs being approved early. Thanks to its rise, the frog-themed coin Pepe has recently joined the top 20 cryptocurrencies by market cap.  Since the price trades bullishly within the one-day window and has broken out above, its ascending parallel channel, Pepe’s upside potential should be sustained if the Relative Strength Index remains above 50.

Technical analysts view Pepe’s Moving Average Convergence Divergence as a bullish indicator since it is above the signal line. The MACD line is also above Pepe’s signal line, which means that momentum is going in the right direction. This meme coin is the top cryptocurrency to invest in for May.

Bonk (BONK) Outperforms Top Meme Coins, Including Shiba Inu

Bonk (BONK) Outperforms Top Meme Coins, Including Shiba Inu

As of late, Bonk’s performance has surpassed that of some significant meme currencies, such as Shiba Inu. While Shiba Inu saw a 3% decline in the previous 30 days, Bonk saw an enormous 80% increase. The technical analysis of the coin suggests that BONK is heading toward a new all-time high and is thus bullish.

Nevertheless, there appears to be significant resistance near the $0.000037 line that this meme coin must overcome before reaching its all-time high. The cryptocurrency can potentially jump to the $0.000047 level if the price of Bonk surges past this resistance level.

Dogwifhat (WIF) Investor Buys Large Amounts of WIF tokens

Data from Lookonchain indicates that a Dogwifhat whale has purchased 228,000 WIF meme coins. Adding to their already substantial WIF token collection, for around $606,000. The whale opened a new wallet and withdrew 1.83 million USDC from Coinbase. To buy the WIF tokens while buying Dogwifhat coins.

In addition, Dogwifhat’s price has continued its upward trend despite negative obstacles. The most recent surge has brought the coin levels above the trend. There is speculation that the WIF price has begun a fresh rising trend, which might soon result in new $5 highs.
The price of dogfights has also been consolidating and trading within a triangle, and it has now reached its peak. Further evidence of increased buying activity is the MACD’s impending bullish crossing into the positive area and the RSI’s persistence within the average range.

Conclusion

The meme coin market is expected to have a remarkable upswing; these five cryptocurrencies are regarded. As the top picks for 2024 crypto investments, promising a better return on investment. Also, thanks to its stellar presale success, KangaMoon has distinguished itself. It is one of the best meme currencies to use to put your money.

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Ali Raza
Ali Raza has been writing about blockchain and cryptocurrencies for over Three years and is now the editor-in-chief of Latestcoinsnews. After a meteoric rise in late 2016, Ali Raza's enthusiasm for Bitcoin and other cryptocurrencies skyrocketed. He can't sleep with one eye on the market because he's so fascinated by the technical and economic ramifications of cryptocurrency.

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