Not so long ago, Pepe Crypto shook the world with its incredible growth, posting gains we haven’t seen in a long time. Stories of traders turning a couple of hundred dollars into millions amazed the crypto market as Pepe churned out a new batch of crypto millionaires. Today, however, PEPE is a mere shell of its former glory, slowly languishing as new meme coin claims the throne of the biggest crypto sensation.
Meme Kombat (MK) is a rising star threatening to outperform not just PEPE, but tokens like Dogecoin and Shiba Inu as well. Investors backing the project bet that its value will go to the Moon once it starts appearing on the crypto exchanges.
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Pepe Crypto Price Crash Continues with Market Decline
The launch of Pepe Coin on April 15th, 2023 went largely unnoticed by the crypto market at large. For most, it was just another meme coin in a sea of similar tokens, especially since the information on the team behind it was scarce. Despite that, PEPE managed to shake the crypto world when it surged 7,000% in a span of just 17 days. Its market cap reached $1 billion on April 27th, completely throwing off all market speculations and starting a frenzy among traders and investors.
Pepe Coin dominated Google search trends in April and May, reaching a score of 100. On May 5th, Pepe traded at $0.000004354, with a market cap of $1.87 billion, something much older and better-established tokens could only dream of. Even people who usually don’t dabble in cryptocurrencies started taking interest in this new crypto project. The popular frog meme was the talk of the world, and then it all came crashing down.
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As is the case with many hyped meme coins, Pepe started its downward spiral almost immediately after hitting an all-time high of $0.000004937, plummeting more than 60% in a matter of weeks. The crash sparked cries about foul play and rug pull, as a lot of casual investors were left holding the bag.
Pepe Coin price crash sets the scene perfectly for the new meme coin wonder Meme Kombat. The promising new token is blazing through its presale, raising $450,000 in mere weeks and preparing for the upcoming exchange listings. Experts agree that once that happens its price will skyrocket, making a bundle for early investors. Today we are exploring reasons why a new meme coin is set for explosive gains in 2023.
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Meme Kombat – a Meme Coin with Utility
Most, if not all meme coins, have absolutely no utility and rely solely on hype to drive their price. Meme Kombat’s native token MK takes a drastically different approach. While the community is creating a massive buzz around the project, the developers also count on MK’s utility to do its fair share of heavy lifting.
Since all transactions within the Meme Kombat ecosystem will be powered by MK, it can be expected that the popularity of the platform will have a massive effect on MK’s price. And since it is easy to see that Meme Kombat will be a huge hit among its users, we can expect MK to be the next king of meme coins
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Promising Presale with Community-Oriented Tokenomics
With $450,000 raised so far, the Meme Kombat presale is off to a great start. It raised its first $100k in less than 24 hours after the presale kicked off, proving to all doubters that there is a strong interest from the investors for its novel approach.
But investors are not the only ones keeping close tabs on Meme Kombat. A strong community is arising around the project, largely thanks to the way its tokenomics are set up. A full half of MK’s total supply, or 60,000,000 tokens, is allocated for presale. Sold at a preferential rate of just $0.1667 per token, this initial supply will create a base of committed supporters who are invested in the project’s success right from the get-go. In the long term, this is the best chance for the success of any crypto project.
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Profitable Staking Feature
Meme Kombat offers a staking feature with 112% APY, much higher than the industry standard. Staking has been growing in popularity recently and the developers have decided to ride on that wave by creating an ultimate staking option for their users.
Unlike most other tokens with a similar feature, Meme Kombat allows holders to automatically stake their tokens even while the presale still lasts. This is an unusual move that will help early investors generate profit before the token appears on crypto exchanges.
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Engaging Gameplay
The core of Meme Kombat is meme fights. In Season 1, there will be 11 memes (Floki, Pepe, Pepe 2, Shiba, Sponge, Wojack, Doge, Baby Doge, Milady, Kishu, and Mong) vying for the champion’s title. All memes are based on popular meme coins, as you have probably guessed based on their names.
A lot of effort was spent on creating the art and visual identity of the app, providing players with appealing graphics. Each meme is carefully crafted by talented artists to enhance the users’ experience.
In Season 2, coming next year, there will be new memes added to the pool of fighters, allowing players greater choice and more opportunities.
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Betting Option for Meme Aficionados
Betting on the outcome of meme fights is a significant part of Meme Kombat’s allure. All players will have a chance to place various bets on their favorite memes and earn a bunch of MK tokens. The platform offers various betting types, including Player vs Player (PvP), Player vs Game (PvGame), direct betting, and side action betting. Each of these comes with various features, allowing players to choose the one best suited for their abilities and preferences.
Diverse betting options will ensure that the game will attract a wide player base and offer them a chance to participate in the gameplay.
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Conclusion
With Pepe Coin in sharp decline, the market is on the lookout for the next big meme coin. Meme Kombat fits the bill perfectly, with its engaging gameplay, community-oriented tokenomics, and exciting staking and betting features. As its presale is rapidly drawing to an end, the only issue is whether there will be enough time for all interested parties to jump on the bandwagon before its price explodes.
The post Pepe Crypto Price Crash Continues with Market Decline, is it Dead? – 5 Reasons a New Meme Coin is Set for Explosive Gains appeared first on Analytics Insight.
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