Bitcoin Halving Still Not Priced in - Pepe and a New Red-Hot Meme Coin To Dethrone Shiba Inu

The hype about the Bitcoin halving may be behind us now, but crypto trader Rekt Captial has said that the effects of the events haven’t yet been priced in. According to Rekt Capital, BTC goes on a parabolic run 150 days after halving events.

Meanwhile, top analysts have identified the best meme coins to buy as we look towards another bull market. Hsaka has said that the red-hot Pepe will overtake Shiba Inu. Also, KangaMoon has been tipped to lead the 2024 bull market in gains.

Bitcoin (BTC) Halving Still To Be Priced In – Rekt Capital

Five weeks after the Bitcoin halving event, the popular pseudonymous crypto analyst Rekt Capital has shared key information. According to Rekt Capital, historical data suggests that the price of Bitcoin consolidates for 150 days after every halving. This means that, although BTC has set a new ATH, the effects of the halving remain to be priced in. 

He further explained that the breakout phase happens after this consolidation and typically lasts for several months. With Bitcoin currently in a re-accumulation phase, a price breakout is around the corner. While he still ranks Bitcoin as a top cryptocurrency to buy, Rekt Capital doesn’t see BTC break above $400k this bull cycle.

Pepe (PEPE) To Overtake Shiba Inu This Bull Market

In 2024, Pepe (PEPE) has been the standout performer among meme coins. The price of Pepe coin has increased by more than 1,000%, setting multiple all-time highs in 2024. The pseudonymous analyst Hsaka has predicted that the red-hot frog-themed memecoin will continue to soar in market cap en route to dethroning its rival Shiba Inu.

Based on the prediction of Hsaka, the market cap of Pepe coin could rise from approximately $7 to over $15 billion to dethrone Shiba Inu. However, he is not the only analyst who sees Pepe as a top cryptocurrency to buy. Crypto Kaleo has also said that Pepe has a lot of upside potential this bull market.

KangaMoon (KANG) To Outperform the Meme Coin Market in 2024

Although Pepe has been the star of the meme coin market over the last few months, analysts have picked KangaMoon (KANG) to lead the 2024 bull run. KANG, a coin that is already up by 400% in 2024, has been forecasted to rally from $0.025 to set a yearly high between $1 and $2. Analysts are this bullish about KangaMoon because of the new feel it is bringing to the meme coin space.

Unlike Pepe, which has hype as its primary fuel, KangaMoon is building an ecosystem filled with utility. The KangaMoon ecosystem featured play-to-earn games where players will assemble their champion avatars to compete against others. There are several competitions and events, all creating a chance for players to win KANG tokens. 

KangaMoon has also employed an organic protocol called Social-Fi to increase activity in its ecosystem. Social-Fi was designed to reward KangaMoon user based on their contribution, activity, and engagement with the project across social media platforms. The most active users will receive the biggest rewards in KANG tokens.

As a project doing something new in the meme coin space, KangaMoon has pulled in a lot of attention, raising over $7.2 million in presale. Its native token KANG, has also been listed on CoinGecko and CoinMarketCap. Ahead of its highly anticipated launch, the leading exchange, BitMart, has announced support for KANG, adding more excitement to the project.

In Conclusion

Based on historical trends, Bitcoin could go on a major bull run over the next few months, hinting at new ATHs for the rest of the crypto market. Also, while Pepe and KANG are the best meme coins to buy, the ecosystem that KangaMoon is building makes it a better choice along with its potential higher target for this bull market.

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

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