Could This New Meme Coin be the Next Pepe After Raising Almost $2 Million on Presale?
Release: 2023/11/19 06:15 Reading: 552
The post Could This New Meme Coin be the Next Pepe After Raising Almost $2 Million on Presale? appeared first on Coinpedia Fintech News
Meme coins are expected to be among the top-performing tokens of the next crypto bull market. However, meme token enthusiasts are faced with an important question – which crypto will explode during the next bull run?
Experts are in consensus that the Pepe meme coin is one of the best crypto to invest in, considering its bullish strength since its launch. In fact, traders such as @Pauly0x, who has close to 150k followers on X, believe that Pepe will flip Dogecoin and Shiba Inu to become the largest meme coin by market cap.
However, a new token – Meme Kombat – is also gaining traction and could emerge as a potential alternative to Pepe. The token has already raised close to $2 million in its ICO in just over a month, signifying the robust demand for it.
What Is Meme Kombat And What Makes It Special?
Unlike other utility-less meme tokens, Meme Kombat is an amalgamation of in-demand crypto trends such as Web3 gaming, staking and gambleFi.
Meme Kombat’s play-to-earn platform will feature 11 characters, each of which will represent a popular meme coin such as Doge, Shiba, Pepe, Floki, Sponge, etc. Players can pick their favourite character and win big in a battle of meme coins.
The characters will engage in AI-simulated battles, the result of which will be determined on-chain using random sequencing. Due to this unpredictability, players can wager on the outcome of the game and enjoy diverse betting opportunities such as Player vs Player, Player vs Game, direct betting and side-action betting.
This battle of meme coins allows Meme Kombat to tap into the popularity of all the aforementioned tokens, which could turn out to be a winning strategy. For instance, tokens such as HarryPotterObamaSonic10Inu, which capitalize on several popular fictional characters, have seen remarkable success in the meme coin space.
Season 1 of Meme Kombat will start immediately after the launch of its $MK native token.
Why Meme Kombat’s Staking Utility Has Smart Money Traders Excited
Meme Kombat holders can start to earn staking rewards from the presale itself, currently at an APY of 572%. While this percentage is expected to decrease as more investors stake their tokens, it will still be significantly higher than the industry standard of 5 – 7%.
This allows token holders to earn passive income, irrespective of $MK’s price or the broader market outlook. Furthermore, investors are incentivized to hold their tokens for a longer period, which also prevents any pump-and-dump price action.
There is also a mandatory 10-day lock-in period for the staked tokens, which promotes more network stability while also rewarding the long-term holders. This 10-day period will reset every time a user stakes more tokens, claims their rewards or withdraws their staked holdings.
The users always have the option to allocate a portion of their staked tokens specifically towards betting, allowing for a seamless balance between risks and rewards.
Meme Kombat’s staking feature could end up being a game changer, considering the high demand for the utility. Indeed, even established meme coins such as Floki and Shiba Inu recently saw explosive bull rallies after the launch of their respective staking programs.
Consequently, smart money traders such as Crypto Tony, who has over 350k followers on X, are bullish on $MK. Crypto YouTubers such as Michael Wrubel and Jacob Bury are also backing the token, with Bury predicting a 10x bull rally after its launch.
The admin of the Crypto Whale Pumps channel on Telegram – which has over 25k subscribers – has also made a sizable investment into Meme Kombat. He is a crypto whale himself and has a knack for picking money-making gems early.
Meme Kombat’s Commitment To Transparency and Security
While Meme Kombat is looking to become the next Pepe, it has also learned from the mistakes of the frog-based token. Back in August of this year, Pepe investors were rugged by members of the developer team, who sold $15.8 million worth of their holdings.
While Pepe has since become more decentralized, this incident highlights the risks of an anonymous developer team. To combat this, Meme Kombat has revealed the identity of all key players behind the project, including its founder Matt Whiteman.
This level of transparency is uncommon in the meme coin space and fosters trust in investors.
Furthermore, the Meme Kombat smart contract has been audited by Coinsult, which revealed no major vulnerabilities or centralization risks. The owner of the contract cannot engage in any unethical activity such as blacklisting addresses, minting new coins or pausing the contract.
Meme Kombat Presale
As previously mentioned, $MK is currently in its presale. Due to its unique value proposition, the token has raised close to $2 million.
Consequently, interested buyers have no time to lose, especially since the token’s price is set to surge from $0.205 to $0.214 in just over 5 days. Moreover, the staking APY will continue to decrease in value as an increasing number of investors stake their tokens.
Buyers can purchase Meme Kombat in the presale by swapping ETH, BNB or USDT tokens.
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