The cryptocurrency market has been in recovery mode throughout 2023 and has finally resulted in significant gains since late October. The fourth quarter is traditionally the time of the year when crypto markets explode. With Bitcoin’s halving event just around the corner, investors are looking for the next high-return potential platform to invest in.
Dogecoin and Shiba Inu are the leading investment options in meme coin markets, but they may not be the choice that offers the highest return potential. A new platform, Meme Kombat, has hit a $1.6 million milestone in presale, showing massive growth potential. So, let’s see what’s happening with the meme coin markets and why you won’t like to miss investing in emerging platforms like Meme Kombat.
Dogecoin Showing Bullish Indicators
Meme coin markets have evolved exceptionally quickly in the past few weeks. The leading token – DOGE, has gained over 33.42% in the past two weeks, showing strong bullish signs and increased potential for future growth. The price of DOGE tokens has been rising steadily, surpassing the first support point of $0.07174 faster than expected. Moreover, it plowed right through the 10-day moving average of $0.07166, and considering that it held its ground, it kept growing to $0.07729, increasing gains for all token holders.
The platform has a stable market cap of around $11 billion, but the daily trade volume is dropping, which could signal a bearish phase. However, as rumors that the social network X (formerly Twitter) will be accepting DOGE tokens as payment soon spreads, the token is likely to keep growing in late 2023 and early 2024. That said, Dogecoin won’t become the next $1 meme coin soon, but it could keep rising to $0.1 in the next few months.
Shiba Inu Looking More Uncertain That Dogecoin
Like Dogecoin, Shiba Inu has been in a slow but steady price increase phase in the past three weeks. The world’s 2nd largest crypto by market cap has been showing signs of a bullish phase, but the gains are not as impressive as everyone expected. Moreover, SHIB tokens have been losing their spot among the top 20 cryptos on the market, barely holding onto the 19th place with a $5.2 billion market cap. The crypto did gain over 30% in the past month, but the daily trade dropped by 42.6%, while the market cap shrank by almost 2%.
Therefore, the indicators surrounding SHIB tokens are not as clear as they are for DOGE. Shiba Inu token holders were (and still are) hoping that the release of Shibarium, Shiba Inu’s metaverse project, will result in significant gains soon. However, due to Shibarium’s underwhelming performance, SHIB tokens will likely land at the $0.00009782 price level in the next week or two. That could happen only if the token breaks through the strongest resistance point at $0.000009, which could result in an increase to $0.0000113. SHIB holders are holding on to their tokens, waiting for a miracle, but if the token enters a downtrend, a massive sell-off could occur, resulting in a bearish phase.
Emerging Meme Coin That Raised Over $1.6 Million In Presale
While DOGE and SHIB are gaining ground in the meme coin markets as the industry leaders, an emerging platform called Meme Kombat raised over $1.6 million in a matter of weeks. It’s a unique meme coin built around AI-powered arena battles, and it’s likely the next token in the niche to result in 10x gains or higher. The meme-inspired gaming token offers excellent tokenomics, multiple reward systems, and high APY, so it’s easy to understand why so many investors are excited about its release.
Meme Kombat Overview
Meme Kombat is a new meme coin platform with a unique battle arena. Namely, it allows users to select some of their favorite online meme characters and fight them against other players in the arena. The platform combines elements of three growing industries, gaming, cryptocurrencies, and online casinos, into an exciting experience with high rewards.
At launch, players can choose one of 11 starting meme characters and put them against each other in AI-driven arena fights. These characters include Pepe the Frog, Doge, Patrickstar, and others. You can also stake your $MK tokens to earn high APY, currently over 820%.
Meme Kombat’s tokenomics are designed according to the best industry practices, ensuring excellent liquidity and long-term rewards. Of the 12 million $MK tokens, 6 million are available during the ongoing presale event. Another 30% is reserved for staking and battle rewards, 10% will be used for DEX liquidity, and another 10% will be given out through community rewards.
Presale Event With Token-Staking Features
The official $MK token event launched in late October, raising over $1.6 million in just a few weeks. The token’s price will keep increasing every seven days during the presale, so the sooner you invest, the higher the returns you will get in the future. The event has attracted thousands of investors, and over 1300 have staked their tokens immediately. The current APY for staking $MK tokens is 821%, but the percentage decreases as the number of stakers increases.
Meme Kombat is gearing up for some of the highest gains in the meme coin markets we’ve seen in months, and with enough backing, it could become the biggest gainer in the niche. Early investors will likely get much higher returns than they would with DOGE and SHIB, so don’t miss your chance to jump on the $MK train early.
Wrapping Up
The latest numbers show that both DOGE and SHIB are in a bullish phase, but Dogecoin is showing stronger signs of future growth. However, both tokens are slowing down, and even if they hit the most optimistic gains, you are looking at a maximum of 10% in returns.
Investing in emerging cryptocurrencies such as Meme Kombat is always a better option, as you can buy $MK tokens at the lowest price possible, allowing you to get the highest returns once the platform goes live. So, take a chance, invest in Meme Kombat early, and watch your investment skyrocket as soon as $MK reaches the first DEX listings in Q1 of 2024.
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