Meme coins have been making huge waves for a while now. When PEPE’s price pumped sky high, the investors who invested the fastest profited significantly from its popularity.
Now that its price is increasing again, people are starting to wonder if the price pump from May this year will repeat. On the other hand, APE also pumped significantly during the last 24 hours, bringing a mix of doubts, fear, and excitement.
Like that is now enough, Meme Kombat raised more than $100k within days. Since it blends meme coins such as Pepe, Dogecoin, Floki, and others, it seems that it will easily blow away PEPE and APE altogether. Let’s dig deeper into the reasons why!
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$MK Will Knock PEPE and APE Down
It has been clear for a while now that memes have enormous appeal because of the humor they bring to the table, but the earning potential surrounding them is certainly no joke. The Meme Kombat platform was created with the goal of enabling investors to join automated battles of the most famous meme characters. The battles are possible due to the Al technology that is certainly finding its place in the crypto market, and it is not going any time soon.
Not only that, but the users will be able to bet on the player they believe will win. This will surely bring more fun into the whole process. But fun is not the only thing that the users will get because the time spent here won’t be lost in any way. The feature the investors will love and appreciate most is staking. This will bring substantial APY (Annual Percentage Yield), and it will surely be a welcomed reward for the long-term engagement of the Meme Kombat community members.
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When compared to PEPE, which does not have any utility, it is clear why $MK is the clear winner in this battle of meme coins. PEPE coin had its moment, and it is not likely that this wave of popularity will be sustained in the long run due to the lack of utility. When choosing between having a good laugh or earning while having fun, it is obvious that investors will surely prefer the latter.
Meanwhile, the price of APE increased by 12.54% during the last seven days and 10.85% during the last 24 hours, so it is obvious that the currents are changing. However, looking at its price, which has been going down since February this year, it is hard to believe something will drastically change now. Besides, the utility of APE is limited to the APE ecosystem, which can certainly be a deciding factor in this situation.
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Automatic Staking of $MK Tokens Promises Bright Future Ahead
When it comes to the crypto market, it is clear that there is no time to waste because things are changing quickly. One more great thing about Meme Kombat is that every time the investors buy $MK tokens, the tokens will be automatically staked. The annual percentage yield rewards generated this way will be immediately visible on the staking page as soon as it goes live. The exact time is still not known, but it should be live in a few weeks since the beginning of the presale, which means it will be there in no time.
The users are free to choose the amount of tokens they wish to stake and the amount they want to use for betting. In addition, it is important to know that 30% of the complete Meme Kombat token supply will be used to give rewards to the investors, which is certainly one big chunk.
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The interest for staked tokens will be generated over time, which means that the loyalty of the community members will be generously rewarded. The staking mechanism will definitely contribute to the stability of the entire Meme Kombat ecosystem, therefore giving investors peace of mind that their investments will pay off big time.
When the presale ends, the users will get a chance to stake their tokens once again and then, after the presale ends, claim their rewards. There will be twelve million tokens in total. The hard cap is set at $10 million, which is highly likely going to be raised faster than anyone expects, making it essential for the investors to secure their portion in time.
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RIP PEPE and APE?
The popularity of Pepe was largely based on the funny cartoon character Pepe the Frog. With plenty of memes depicting it, making the crypto with its name was a smart move, there is no doubt about it. However, it is clear that the chances of seeing Pepe again repeating that kind of success are extremely slim.
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When looking at the past of ApeCoin, there was a moment in April 2022 when this crypto hit $23.65, which was certainly surprising. Standing now at $1.26, the difference in its value is huge, which means that investing in it now is not likely to bring any significant gains.
So, why risk it? Becoming an early investor always gives the biggest chance of high returns, and Meme Kombat is surely on its way to the stars, so grab your tokens in time!
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Conclusion
Looking at the history of the biggest cryptos on the market, it seems there is a time when they shine bright and later fall behind the new cryptos in the spotlight. Despite some signs of price increases for PEPE and APE, it is highly unlikely that this trend will continue and make some significant splash. On the other hand, $MK is in full swing, generating massive attention as we speak. So, don’t waste a second and reserve your spot in the Meme Kombat Arena!
The post Pepe & Ape Pump as Meme Coins Thrive, But What’s the Best One to Buy Now? appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/pepe-ape-pump-as-meme-coins-thrive-but-whats-the-best-one-to-buy-now/