The post New “Shiba Inu Killer” Memecoin Grows 400%, Can It Hit $1 When They List appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) has carved out a niche for itself in the meme coin market. Its robust ecosystem makes it one of the meme coins titans to ever grace the market. However, things are beginning to change with many projects coming on board. The new Shiba Inu killer is KangaMoon (KANG) which has dominated the market this year. As the meme coin races to listing soon, let’s see how far the price can go. Shiba Inu Ecosystem – A Key Figure in Reviving SHIB Shiba Inu is one of the oldest meme coins in the market. While the token has had a huge amount of success, climbing to its all-time high record of $0.00008885 in 2021, the recent months have been unfavorable to Shiba Inu. In over a year, Shiba Inu’s price has only surged by 165%, a low figure compared to the likes of Pepe. However, the Shiba Inu ecosystem could be a key figure in the resurgence of the token. From Shibarium to Shibaswap, Shiba Inu coin has one of the robust communities many projects can only dream of. Just recently, the Shibarium layer 2 completed its hard fork, aiming to ensure faster transactions and lower gas fees.  In the same vein, Shibaswap is also trying to grow the total value locked (TVL) and add more liquidity to ensure the long-term existence of the Shiba Inu token. With the ecosystem’s constant practices of token burn, market analysts foresee Shiba Inu’s price to reach $0.000070 this year. KangaMoon Paired Among the Top Meme Coins While there is a growing potential with Shiba Inu, KangaMoon’s impending growth may likely surpass that of SHIB. In only a few months of existence, KangaMoon has shot to prominence, boasting community members and active holders exceeding 25,000 and 6,000 respectively. This has also led…

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Filed under: News - @ May 16, 2024 9:22 am