The leading meme coins on the market, Dogecoin, and Shiba Inu, have been growing steadily in the past few weeks. The rumors about DOGE coins becoming a viable payment option on Elon Musk’s social network X have sparked interest in the token. In contrast, the release of the Shibarium network resulted in significant gains for SHIB token holders.
However, while the world’s most popular meme coins are showing bullish signs, the most optimistic gains can’t compare with the potential of Meme Kombat, the newest meme coin on the block. Stay with us as we dig deeper into meme coin markets, introducing the latest addition with the highest growth potential.
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Emerging Meme Coin With Huge Growth Potential
The meme coin market is expanding, so investing in an emerging cryptocurrency will likely result in high ROI once the platform goes live. Numerous meme coins were released in 2023, resulting in over 2,000% gains for all early investors. Tokens such as $PEPE, $SPONGE, and $Copium are just some of the meme coins that made their token holders significant returns, and the latest platform, Meme Kombat, is the next investment option destined to outperform DOGE and SHIB. Let’s look closer as we explore the newest high-potential meme coin on the market that already raised over $1.6 million in presale.
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Meme Kombat – Meme Coin With Excellent Utilization And High Staking Rewards
Meme Kombat is an exciting meme coin that offers excellent tokenization, high token utility, and multiple reward mechanisms, including staking. It’s a battle arena platform where users choose one of 11 popular online meme characters and fight them against each other in AI-powered arena battles.
The platform combines cryptocurrency technologies with online casino and gaming features, providing users with exciting battles and multiple token-earning opportunities. Players can earn native $MK tokens by winning battles, betting on battle outcomes, completing challenges, and staking their tokens. Moreover, if you invest in $MK tokens right now, you can stake your coins during the presale event to earn an impressive APY of over 830%.
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The platform has 120 million tokens, half available during the ongoing presale. 30% of the remaining 6 million tokens will be given out through staking and other rewards, while the remaining 20% will be divided between DEX liquidity pools and community rewards. With an excellent token system and thousands of investors backing the platform, Meme Kombat will likely result in 10x gains or higher once it goes live in Q1 of 2024.
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Presale Event Raised Over $1.6 In Weeks
The official $MK token presale launched in late October, raising over $1.6 million in about two weeks. It’s easily the most popular presale in November, and over 80% of all available tokens have been sold and staked already. The tokens will become more expensive during every stage, so invest right now to get the highest returns in the future. You can also stake your tokens when you exchange your ETH or USDT to get even more $MK on day one.
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Dogecoin Entering a Bullish Market
Dogecoin entered a rally in mid-October, following the growth of the entire cryptocurrency sector. DOGE coins gained value faster than expected on October 22nd at around $0.060. It took only three days for the token to reach the price of $0.0742 and another two weeks to surpass even $0.080.
However, although DOGE gained over 31% during the past few weeks, its growth is slowing. The sudden increase in demand has resulted in the most significant gains for the world’s leading meme coin, but it’s still down by over 12.5% compared to last year. Dogecoin currently has a market cap of $10.93 billion and is ranked 9th cryptocurrency. The bullish phase struggles to surpass the $0.080 resistance level, as the 24-hour trading volume is down by over 33%.
Dogecoin broke the $0.07874 barrier on November 10th, showing a similar performance in August this year. The latest decrease in trading volume could be just a price correction phase, but if DOGE stays below $0.080 for another day or two, it could fall below the $0.078 price point. Even if it hits the most optimistic price predictions of $0.09956 by the end of the year, you are looking at around 12% in ROI at best.
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Shiba Inu Not As Strong As Dogecoin
As the meme coin markets expand, Shiba Inu follows the trend as the world’s 2nd ranked token in the niche. However, unlike Dogecoin, which shows clear signs of a bullish phase, the sentiment surrounding Shiba Inu is mixed. While the crypto shows signs of a bull run, its sudden expansion could pull back and result in a bearish phase.
SHIB tokens are moving upwards in the long run, but in the short term, they hover between $0.0000088 and $0.0000090. If we look at SHIB token prices one month back, the platform has gained around 30%, reaching a high of $0.0000095 from $0.0000068, where they were in late October. The resistance point of $0.000009 has proven too strong for SHIB, and even when it was breached, the price of tokens would quickly fall below this level. However, if the token stays above this price, the bullish trend could continue, allowing the token to reach prices as high as $0.0000110. The success largely depends on the newly-released Shibarium network, which does not show the results everyone hoped to see. Without enough support, Shiba Inu’s growth could quickly turn into a downtrend, resulting in losses for all token holders.
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Final Words
The sudden gains of DOGE and SHIB tokens allowed holders to get over 30% ROI in the past three weeks. However, if you missed your chance to invest in these tokens before the ongoing bull run, doing so now will not result in significant gains and could even lead to losses. However, if you invest in Meme Kombat during the presale, you can only get higher returns once the platform goes live in Q1 of 2024. So, take a chance and stack up on $MK tokens, likely resulting in 10x gains or higher for all early investors.
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The post Dogecoin and Shiba Inu Prices Pumping But New Meme Coin Raises Over 1.6 Million! appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/dogecoin-and-shiba-inu-prices-pumping-but-new-meme-coin-raises-over-1-6-million/