The next big meme cryptocurrency is about to emerge as the price of Pepe Coin remains stagnant, the new battle and gaming platform Kombat memes sees influx of buyers as ICO approaches $2 million.
The $MK token is selling quickly. So far, US$1.94 million has been raised. There are only two days left before the token’s price increases by 4.39%, from US$0.205 to US$0.214.
Potential buyers of $MK should note that there is a strong chance that the current available (lowest) price could sell out before the 48-hour window closes, so there is no time to waste.
Additionally, once the $2 million fundraising goal is reached, the Meme Kombat team will draw 10,000 USDT, providing even more incentive to become one of the first token holders. To participate in the airdrop draw, you must make a presale contribution of at least $100.
Don’t forget that we are going to be giving away 10,000 USDT when we hit $2 million raised in presale🤩
— Meme Kombat (@Meme_Kombat) November 20, 2023
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In this article, we will discuss:
Pepe Coin’s best days are behind it, but Meme Kombat has a lot to offer
Pepe Coin certainly turned heads by capitalizing on the green frog’s virality, but it did nothing to develop a feature set for the coin.
Pepe’s price rose in late October as part of the general price recovery seen in cryptocurrency markets. Since then, the price has formed an elongated flag ahead of what could be the next move higher.
However, with new meme cryptocurrencies like GROK and DORK competing for traders’ attention, there are good reasons to allocate funds in the presale market to support rising meme cryptocurrencies with real utility like Meme Kombat.
Pepe Coin’s price is down 6.7% at the time of writing at $0.000001127, but still maintains a substantial market capitalization of $466 million.
To recover its all-time high of $0.000003459, Pepe’s price will need to increase by 200%. Such progress is within the possibilities. However, a 200% gain falls short of the 21,000% increase from Pepe’s launch in mid-April to the high recorded on May 7.
There are two points to note about Pepe’s price. First, the coin’s initial gains were not sustained and second, most of the gains occurred in the first three weeks after its listing.
In other words, the good times are over for Pepe. An alternative like Kombat memeswhich is not yet trading on the public markets, offers a much greater earning opportunity than a late investment in Pepe.
Furthermore, with regards to price sustainability, such an outcome is more likely to be achieved if a meme cryptocurrency can offer differentiated utility and, as a result, a vector to generate revenue and profits. Meme Kombat does this.
Meme Kombat has a use case that could make it the queen of meme cryptocurrencies
Meme cryptocurrencies continue to attract traders looking for sizable alpha returns, but the space has evolved beyond just chasing short-term price movements.
Increasingly, market participants are looking for coins that have a use case that can scale and deliver profits. Meme Kombat is exactly that kind of currency.
Meme Kombat is building an Arena in which meme characters will battle and users will be able to place bets on the outcomes, capturing in one fell swoop the value creation potential of two fast-growing sectors in the crypto space – gaming and betting.
GameFi has a market capitalization of $12 billion, according to crypto data site CoinGecko. Meanwhile, staking tokens are valued at $734 million and growing. Consequently, Meme Kombat is attacking a rich and booming market.
And let’s not forget the value proposition of meme cryptocurrencies themselves, which currently have a value of $18.2 billion with a daily trading volume of $1.5 billion.
Adding all this up, we have an industry that, even before the actual start of the crypto bull market, is valued at US$30 billion.
What’s so exciting about Meme Kombat’s market fit is the way its meme character battle and betting business model is able to appeal to the already existing communities generated by leading meme cryptocurrencies.
All of these communities will be interested in how their favorite meme cryptocurrency fares in the Arena Kombat memes. Many will want to participate in the fun and profits to be gained from involvement in the ecosystem.
Meme Kombat Season 1 will be available after pre-orders are sold out and the project is launched. There are 11 meme characters you can battle in Season 1: Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge, and Wojak. Season 2 characters will be released shortly before the end of Season 1.
Meme Kombat dynamic staking currently generates 514% – $MK price to 10x?
And there’s no need to wait for the platform to go live before putting your money to work with Meme Kombat. If you invest in the ICO today, you can immediately stake your tokens for an annual yield, which is currently at 514%.
When the battle and betting system is activated, stakers will be able to bet while earning APY at the same time.
YouTube cryptocurrency analysts are impressed with what they see from Meme Kombat, with one pre-sale expert projecting returns of 10x for early investors In the project.
$MK dynamic staking combines on-chain and off-chain transactions, so users pay network fees only when staking and unstaking their $MK, while claiming rewards occurs off-chain, fee-free.
All staking interactions are recorded in real-time, and the staking system will be integrated with on-chain game contracts, allowing platform users to play games with staked tokens.
Currently, $MK 7.68 million has been staked and total rewards of $MK 881,128 have been accumulated for the 2,250 stakers. The number of stakers has grown to around 400 in the last three days as interest in the coin increases.
The majority, representing 63% of all tokens sold, were staked, testifying to the popularity of the passive income offered by Meme Kombat.
It’s no surprise, then, that cryptocurrency analysts at YouTube are eyeing Meme Kombat as the potential for 10x returns for its early investors.
The total supply of $MK tokens is 120,000,000. Thirty percent of the supply is allocated to staking and battle rewards, 10% to community rewards, and 10% to decentralized exchange liquidity. Fifty percent of the total token supply is for sale in the ICO.
To learn more and stay up to date with Meme Kombat, follow the project on X (formerly Twitter) and join your group on Telegram.
Those interested in Kombat memes can purchase the token with the added confidence of knowing that their smart contract has been fully audited in terms of security, and no significant problems were detected.
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The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.