Dogecoin and FLOKI Price Pump – Investors Also Turn to This New Meme Coin for High Upside Potential
Release: 2023/10/27 20:00 Reading: 529
The post Dogecoin and FLOKI Price Pump – Investors Also Turn to This New Meme Coin for High Upside Potential appeared first on Coinpedia Fintech News
The meme coin sector has seen immense interest and major price movements in the last few days. Old favourites like Dogecoin (DOGE), Floki Inu (FLOKI) and Pepe (PEPE) have posted huge double-digit rallies, while new meme crypto project Meme Kombat (MK) also looks primed to capitalize on surging demand for meme tokens.
Dogecoin Price Breaks Out After Consolidation
After months of consolidation, Dogecoin has finally broken above the $0.06 resistance level and rallied over 18% in the last 7 days. It is now consolidating above $0.07.
Trends are mixed but improving for DOGE. On the positive side, price has regained the key $0.06 level and rallied to the $0.07 resistance area, which aligns with its 200-day moving average. In the near-term DOGE is very overbought (RSI >75), so some profit taking could occur.
However, DOGE needs to break and stay above the 200-day moving average ($0.07) to confirm an uptrend. Momentum is bullish, with the MACD line above the signal line and RSI above 55.
Popular crypto analysts have also turned positive on Doge’s near-term potential. As Rekt Capital noted, a weekly close above Doge’s channel resistance could signal an official breakout is underway. With FOMO setting in as Doge challenges this level, upside seems probable if momentum sustains. The stage may be set for Doge to revisit recent highs above $0.10.
Floki Inu Price Pumps Over 100% on Token Launch
Floki Inu has emerged as one of the best-performing coins over the last week, skyrocketing over 108% to trade near $0.000038. A major catalyst fueling this parabolic surge has been Floki’s announcement of an upcoming crypto and asset tokenization platform called TokenFi.
Tokenization is projected to become a $16 trillion industry by 2030 according to BlackRock. By launching TokenFi, Floki Inu is positioning itself at the forefront of this exploding market. News of the new token sparked an immediate 18% jump in Floki’s price.
Additional details outlined a $500,000 fully diluted market cap for TokenFi coins. Measures like a 20% tax on trades in the first hour and a 1% wallet size limit aim to ensure a smooth launch.
With tokenization projected for monumental growth, TokenFi’s launch demonstrates Floki’s potential for long-term success beyond hype. This fundamental advancement supports Floki’s premium as a viable crypto. Still, profit-taking seems due after a liquidation wick sparked a rally over major resistance to overbought levels.
Traders may want to lock in some gains or wait for a dip to enter.
Meme Kombat – New Meme Coin With High Potential
Newcomer Meme Kombat (MK) could also capitalize on surging interest in the meme coin space after raising close to $800,000 in its presale in just over a month. $MK price is increasing in just 6 days.
The central concept of Meme Kombat gamifies investing by allowing users to bet on battles between their favourite memes using the $MK token through various gameplay modes.
Having been fully doxxed and led by an experienced team, Meme Kombat avoids concerns around anonymity. The project also passed an audit, ensuring safe and secure operations.
Meme Kombat distinguishes itself from low-utility meme clones through its enticing gaming mechanics. As the first meme coin project to incorporate tokenized betting and battles as its core utility, Meme Kombat taps into the lucrative blockchain gaming industry.
Furthermore, Meme Kombat’s presale is still in progress, giving early investors a rare opportunity to get in near the ground floor of what could emerge as a highly lucrative project.
With only a minimal market cap achieved so far and milestones like platform launch and inaugural gaming season right around the corner, the new meme coin could be poised for explosive growth following its presale and listing on exchanges.
Its combination of fun betting themes, strong fundamentals and premier timing make Meme Kombat an attractive betting position for savvy traders seeking the next big meme coin gainers.
$MK was recently reviewed by some of the top crypto influencers, including No Bs Crypto as a potential $PEPE killer.
Also see our recent Pepe price prediction post from this week.
The Best Meme Coin to Buy Now?
Renewed interest in meme coins is fueling significant surges for top projects like Dogecoin and Floki Inu in recent weeks. But rookie meme coin Meme Kombat may have the most significant upside potential yet to be realized.
By launching amid a hype cycle with low circulating supply and imminent product releases, Meme Kombat is ideally positioned to emerge as the biggest gainer from speculators searching for the next 1000x meme token. With its presale progressing fast at memekombat.io, now may be the opportune time for investors to get in early before Meme Kombat takes off in the months ahead.
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