Release: 2024/03/04 22:34 Reading: 505
Meme coins are exploding and there is only one day to go before much-talked-about iGaming platform Meme Kombat ($MK) lists on top crypto exchanges. $MK token launches on Tuesday 5th March at 18:00 UTC.
The meme coin sector is up 16% in the past 24 hours, having put on $8 billion in market cap value since yesterday. Meme coins are collectively now valued at $56 billion, according to CoinGecko data.
Drilling down into the token price action, Dogecoin is up 19% over the past 24 hours to $0.164 while Pepe is 37% higher. In the past seven days alone the Pepe price has climbed 400%, such is the scale of the return on investment (ROI) potential available to be scooped up in the meme coin category.
In Meme Kombat, meme characters will join battle in an arena where players will be able to wager on the outcomes. There is nothing else like Meme Kombat on the market, which explains why investors backed the ICO presale to the tune of $10 million.
As part of the team’s commitment to being a project for all meme coin lovers and many more besides, crypto watchers are still able to buy the token over-the-counter direct on the Meme Kombat website.
The $MK presale officially sold out its presale on February 20, but the team has kept the buy spigot open for late arrivals.
Meme Kombat token can be purchased for $0.279 using Ethereum, Tether (USDT) and BNB simply by connecting a crypto wallet.
According to leaks from the Meme Kombat team, the run rate for the oversales has not slowed since the hard cap target of $10 million was reached.
YouTube crypto trader influencer ClayBro (118k subscribers) expects Meme Kombat to 3x at launch, but that could turn out to be a conservative call. 10x is possible, and given the ATHs achieved by meme coins of a lesser breed, 100x price gains are a realistic proposition.
Crypto bellwether Bitcoin is roaring to a new all-time high (ATH) above $69k (currently priced at $65.5k), while many meme coins are way off their own ATHs, often by 50% or more. That means there is huge upside potential in meme coins, especially for newcomers like Meme Kombat, which is much more than just a pretty face.
Meme Kombat has utility in a way that the vast majority of meme coins do not. As the crypto bull cycle kicks into higher gear, savvy investors will be on the hunt for projects that can offer an underlying revenue stream based on a growing customer base.
The smart money is looking out for projects that are selling more than just a viral meme, where investors’ money is held hostage to the whims of, by definition, subjective trends.
Having said that, Meme Kombat packs a punch when it comes to viral chops too. The quality of its art, as shown by its social media posts, encapsulates the irreverent humor and engaging artwork to attract new community members.
Aside from the strong market fit use case of the project, another factor supporting buying pressure is the staking feature.
All buyers of the token are able to immediately stake their holding to earn 89% APY. To date more than 13,500 have staked, accounting for 75% (44 million) of sold tokens.
Token holders have received more than 10 million $MK tokens in rewards by depositing their holding in the staking smart contract.
iGaming is one of the most likely crypto sectors to gain mass acceptance. Crypto users are already flocking to all sorts of gaming venues. The intersection of gaming, wagering, and meme coins is embodied in $MK in the way that it unites the three hottest sectors in crypto. Meme Kombat in a unique and enviable position.
New week ahead of us and one of the most important in Meme Kombat's roadmap going forward⚔️ pic.twitter.com/t3N3xlyLO2
— Meme Kombat (@Meme_Kombat) March 3, 2024
Meme Kombat’s platform will launch with 11-characters in Season 1. The full roster of characters you can battle with in Season 1 are: Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak. Whether you are a Pepe fan or a Dogecoin OG, there is something for everyone at Meme Kombat.
It has often been said that the best ideas are the simplest, and bringing all the top meme characters to the table in the Meme Kombat Battle Arena is a masterstroke because it will have appeal right across the meme coin space and beyond.
Players are not required to have a token holding in any of the meme characters – it is $MK that is the access token of the platform for unlocking all the good stuff.
Season 2 meme characters will be announced just before Season 1 finishes. Beyond the battling, there are ambitious plans that will include new game modes and partnerships.
For instance, there could be actual tie-ups with meme coin projects where special bonuses and the like for specific tokens attract bonuses and rewards or unlock exclusive levels inside the arena. The possibilities for developing innovative gameplay and partnership offerings are boundless.
As we've said before: Conditions are perfect! Bitcoin is pumping and we're getting in at the perfect time?
— Meme Kombat (@Meme_Kombat) March 1, 2024
Are you as excited as @BuryCrypto is? pic.twitter.com/i84IesKRMU
Meme Kombat has a total token supply of 120,000,000, of which thirty percent is allocated to staking and battle rewards, 10% to community rewards, and 10% for decentralized exchange liquidity. Fifty percent of the total token supply was on sale in the ICO.
Stay in touch with Meme Kombat developments by joining the communities on X/Twitter and Telegram.
As altcoin season takes off make sure to have some money on the table for $MK. The best way to do that is to buy before the exchange listings start tomorrow, so you are in pole position for what could be 10x or even 100x ROI.
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