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Dogecoin and Pepe have seen monumental gains of over 200% over the last month. Supported by Bitcoin’s rally, the meme coins have soared and their trading activity has drastically increased.

However, Dogecoin and Pepe have met resistance over the last week. As a result, some investors are choosing KangaMoon instead. Here’s why.

Dogecoin Faces 9% Daily Crash

Over the past month, Dogecoin’s price has increased by 92%. This took Dogecoin to new annual highs, with DOGE trading at around $0.17. However, with Bitcoin crashing over the last week, some experts believe that Dogecoin could have peaked.

Over the last 24 hours, Dogecoin’s price has decreased by 9.17%, and DOGE is now trading at $0.152. This decline has caused Dogecoin’s daily trading volume to crash by 53.8% overnight, and Dogecoin now has a daily trading volume of $3.61 billion.

Should Dogecoin follow its historic trends, DOGE will likely face further declines over the next week. As a result, investors are now diversifying with other meme coins.

Pepe Surges 600% in 30 days

Pepe has been among the best-performing meme coins over the last 30 days. Its price increased by 628%, and Pepe hit an all-time high on March 5. This significant increase triggered a rise in Pepe trading activity, and Pepe was ranked among the world’s top 10 most traded cryptocurrencies for several consecutive days.

However, like Dogecoin, Pepe is also crashing. Its price is down 10% over the last 24 hours, and Pepe’s daily trading volume has fallen by 15%. This decline suggests that Pepe has lost its bullish momentum, and consequently, many investors are holding back before purchasing additional Pepe tokens.

KangaMoon (KANG) Passes $600k Milestone

As Dogecoin and Pepe lose momentum, KangaMoon continues to soar. The project made headlines over the last week for its strong price performance. Now, KangaMoon has hit another milestone of raising $951,247.873. Kan

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Author: Crypto Daily

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