With the Bitcoin price skyrocketing to hit the $44k mark earlier this month, crypto investors are now willing to engage in higher degree of risk-taking, leading to explosive breakouts in the meme coin market. Leading meme tokens Dogecoin and Shiba Inu have already shown bullish strength, both appreciating 21% and 6% over the past month. However, considering their high market capitalization, they are set to offer limited returns in this crypto bull run.
Instead, smart money traders are searching for newer tokens with explosive price potential that could offer 10 – 20x returns. In particular, they are on the lookout for meme tokens that offer exciting utility, considering that they have generated much higher returns over their utility-less counterparts in recent months.
One such new cryptocurrency is Meme Kombat – a meme coin with Play-to-earn, staking and GambleFi attributes. Ever since the project was announced, $MK has witnessed high demand in its presale, raising $3 million in just over two months.
Meme Kombat – Best New Meme Coin To Buy?
The Meme Kombat project is set to deliver the thrilling experience of a life-like war between popular meme coins. The project will act as a virtual battle arena with 11 characters – each acting as a mascot for popular meme tokens such as Doge, Shiba, Pepe, Floki, Sponge, etc.
These characters will be brought to life through AI-based dynamic visualization and engage in exciting battles, the outcome of which will be unpredictable and decided through random sequencing on-chain.
Users of the Meme Kombat platform will be more than mere spectators – they can bet on the outcome of the battles and win big against other players. The platform offers a variety of gaming modes to choose from such as player vs player, player vs game and direct betting. Due to the transparency and immutability of blockchain technology, all bets, outcomes and rewards will be processed fairly, ensuring trust in the system.
This “meme coin war” allows Meme Kombat to capitalize on the popularity of a number of meme tokens. Fans of Dogecoin and Shiba Inu can battle it out to decide which is the best meme coin, while Pepe and Floki backers can battle for the spot of best new meme crypto.
Analysts believe that this approach could help $MK gain an edge over other meme coins such as Pepe that attempt to leverage the popularity of only one fictional character. Owing to Meme Kombat’s unique value proposition, crypto analyst Joe Parys has included it into his list of best meme coins to invest in for 2024.
Earn Lucrative Staking Rewards With Meme Kombat
The meme coin space has undergone significant change over the past year. Gone are the days when a utility-less token would see remarkable success just on the basis of hype. Instead, most new meme coins are now offering attractive staking rewards to gain an edge over their competitors.
Some tokens that have already been launched such as Floki have also announced their own staking program.
In line with this trend, Meme Kombat has its own comprehensive stake-to-earn utility, which allows its investors to earn passive income, irrespective of the broader market outlook or the token’s price.
The Meme Kombat staking pool is currently offering an APY of 292%, significantly higher than the industry standard 5 – 7%. However, this percentage will continue to drop as an increasingly higher number of tokens are staked. Therefore, investors looking to purchase $MK and earn the maximum staking rewards have no time to lose.
Investors can track the latest APY percentage on Meme Kombat’s staking dashboard.
Is Meme Kombat A Secure Investment?
The Meme Kombat project has taken strong steps to quell any hesitancy regarding investing in $MK.
The identity of all key team members behind the project has been released, including its founder Matt Whiteman. This level of transparency is unusual in the meme coin space, considering that even top tokens such as Shiba Inu and Pepe have anonymous teams.
However, anonymous teams carry high risk of scams and rug pulls, as seen in the case of Pepe when its developers sold $15.8 million worth of their holdings. On the other hand, Meme Kombat’s transparent approach leads to trust in the mind of investors, especially since Whiteman’s LinkedIn profile has also been made public.
Furthermore, the $MK smart contract has been audited by Coinsult, which did not reveal any centralization risk or vulnerabilities.
Moreover, Meme Kombat’s staking program also reduces the risk of pump and dump price action action as it incentivizes investors to hold their tokens for longer periods. To further enforce this, there is a mandatory 10-day lock-in period on all staked tokens.
Why $MK Could 10x After Launch?
Due to Meme Kombat’s exciting utility, along with its adherence to transparency and security, analysts such as Michael Wrubel and Crypto Tony are bullish on its price potential.
Crypto whales have also been quick to buy $MK early in its ICO. For instance, the admin of the Crypto Whale Pumps group on Telegram, which has over 25k subscribers, made a sizable investment into Meme Kombat. Another whale recently purchased $100k worth of $MK.
Due to the early interest shown by smart-money traders and crypto whales, trader Jacob Bury predicts a 10x surge in the price of Meme Kombat after its launch. However, interested buyers looking to gain the maximum advantage need to act quickly, considering that the token’s price is increasing upon the completion of every presale stage. Meme Kombat is currently priced at $0.235 but will surge to $0.246 tomorrow on Thursday, representing an increase of approximately 5%.
