By Next Pepe Coin is Here as Meme Kombat Raises $1.94m From Traders For New GameFi ICO – $10,000 Giveaway at $2m Milestone
Tuesday, November 21st, 2023 – The next big meme coin is almost upon us as Pepe coin price stalls and the new Meme Kombat battling and gaming platform sees an influx of buyers as the ICO closes in on $2 million.
$MK token is selling fast. So far $1.94 million has been raised, There are just two days to go before the token price increases by 4.39%, from $0.205 to $0.214.
Prospective $MK buyers should note that there is a strong chance that the current lowest price available could sell out before the 48-hour window closes, so there is no time to lose.
What’s more, when the raise milestone of $2 million is hit, the team at Meme Kombat will be giving away 10,000 USDT, so there is even more incentive to be among the early token holders. To be eligible for the airdrop giveaway you need to make a contribution to the presale $100 or more.
Don’t forget that we are going to be giving away 10,000 USDT when we hit $2 million raised in presale🤩
The time is drawing near, so get those >$100 buys in fighters!$MK pic.twitter.com/CRrn8lrZ0I
— Meme Kombat (@Meme_Kombat) November 20, 2023
Pepe coin’s best days are behind it, but Meme Kombat has it all to play for
Pepe meme coin has undoubtedly made a splash by leveraging the virality of the green frog, but it has done nothing to develop a feature set for the coin.
The price of Pepe shot up in late October as part of the general recovery in prices seen across crypto markets. Since then, the price has formed an elongated flag before what could be the next move higher.
However, with new meme coins such as GROK and DORK vying for the attention of traders, there are good reasons to allocate funds into the presale market to back up-and-coming meme coins with actual utility, such as Meme Kombat.
Pepe coin price is down 6.7% at the time of writing at $0.000001127 but still commands a substantial market capitalization of $466 million.
In order to reclaim its all-time high of $0.000003459, the Pepe price will need to increase by 200%. Such an advance is well within the bounds of possibility. However, a 200% gain pales when compared to the 21,000% increase from the time of Pepe’s launch in mid-April to its high printed on May 7.
There are two things to note about the price of Pepe. First, the early gains for the coin have not been sustained and, secondly, most of the gains came in the three weeks immediately after its listing.
In other words, the good times have been and gone for Pepe. An alternative such as Meme Kombat, which is yet to trade on public markets, provides an opportunity for far greater upside than a late-to-the-party investment in Pepe.
Also, as far as the sustainability of price is concerned, such an outcome is more likely to be achieved if a meme coin can offer differentiating utility and, as a result, a vector for generating revenues and profit. Meme Kombat does that.
Meme Kombat has a use case that can make it the king of meme coins
Meme coins continue to act as a magnet for traders seeking to pocket sizeable alpha returns, but the space has matured beyond just chasing short-term price movements.
Increasingly, market participants are on the hunt for coins that have a use case that could scale and deliver profits. Meme Kombat is just such a coin.
Meme Kombat is building an Arena in which meme characters will battle and users bet on the outcomes, and in one leap, capturing the value-creating potential of two fast-growing sectors in crypto outside of meme coins – namely, gaming and betting.
GameFi has a market cap of $12 billion, according to crypto data site CoinGecko. Meanwhile, gambling tokens are valued at $734 million and growing. Consequently, Meme Kombat is attacking a rich and expanding total addressable market.
And let’s not forget about the value proposition of meme coins themselves, which are currently valued at $18.2 billion, with a daily trading volume of $1.5 billion.
Add that all up and we have an industry that, even before the crypto bull market really gets going, is valued at $30 billion.
What is so exciting about the Meme Kombat market fit is the way in which its battling meme characters and betting business model is able to ensnare the already existing communities spawned by top meme coins.
All of those communities will have an interest in how their favored meme coin fares in the Meme Kombat Arena. Many will want to partake of the fun and profits to be had from involvement in the ecosystem.
Meme Kombat’s Season 1 will be available after the presale is sold out and the project launched. There are 11 meme characters you can battle with Season 1: Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak. Season 2 meme characters will be out just before Season 1 wraps up.
Meme Kombat dynamic staking currently earns 514% – $MK price to 10x?
And there is 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 token to earn an annual percentage yield that is currently sitting at 514%.
When the battling and betting system is turned on, stakers will be able to bet while earning APY at the same time.
Crypto YouTube analysts are impressed with what they see from Meme Kombat, with one presale specialist positing 10x returns for early investors into the project.
$MK dynamic staking combines on-chain and off-chain transactions, so users only pay network fees when they stake and unstake their $MK while claiming rewards takes place off-chain, incurring no fees.
All staking interactions are logged in real-time, plus the staking system will be integrated with the on-chain game contracts, to enable platform users to play the games with staked tokens.
At present, 7.68 million $MK has been staked and total rewards of $MK 881,128 $MK have been accrued for the 2,250 stakers. The number of stakers has grown by about 400 in the past three days as interest in the coin takes off.
A majority comprising 63% of all sold tokens have been staked in a testament to the popularity of the passive income offered by Meme Kombat.
It is little wonder then that YouTube crypto analysts are eyeing Meme Kombat for 10x potential returns for its early investors.
$MK total token supply is 120,000,000. Thirty percent of supply is allocated for staking and battle rewards, 10% for community rewards, and 10% for decentralized exchange liquidity. Fifty percent of the total token supply is on sale in the ICO.
To find out more and to stay up to date with Meme Kombat, follow the project on X (formerly Twitter) and join its Telegram group.
Those interested in Meme Kombat can buy the token with the added confidence of knowing that its smart contract has been fully security audited and no major issues were detected.
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