Pepe & Shib Dominate Meme Coin Scene Yet New Cryptos Pose a Strong Competition!
Release: 2023/12/06 19:34 Reading: 722
We’re seeing a big surge in the meme crypto market right now, with coins like Pepe and Shiba Inu leading the trend.
To be precise, Pepe is up by over 40% and Shiba Inu nearly 20%. Yet, there are a few cryptos that pose strong competition to overtake them as meme coin leaders – Meme Kombat ($MK) and Wall Street Memes ($WSM).
Some investors even predict that these two tokens could bring up to 100x gains before the year comes to an end! Keep reading if you want to find out what the hype is all about.
Pepe and Shiba Inu Record Double-Digit Surges In the Past 7 Days – It’s still Nothing Compared to What These Two Tokens are About to Bring
In this week’s altcoin rally, the meme coin Pepe (PEPE) took the lead with an impressive surge of over 40%.
Introduced in April, Pepe’s foundation lies in the Internet meme culture surrounding Pepe the Frog. It gained widespread attention when an investor turned $250 in PEPE tokens into a staggering $1.02 million.
Meanwhile, the Shiba Inu project has implemented a new burning mechanism to enhance its token’s value and contribute to the benefit of existing investors.
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The blockchain project disclosed in a recent update the initiation of a burning era associated with its layer-2 network, Shibarium.
Functioning like other layer-2 networks, Shibarium facilitates the transfer of value and interaction with decentralized applications (dApps).
However, what sets Shibarium apart is its roadmap, which ties the burning of SHIB tokens to the transaction activity on the network.
To simplify, more transactions on Shibarium equate to more SHIB burned and vice versa. It led Shib to a nearly 20% increase this week.
Shiba Inu and Pepe aren’t poised for any bigger returns despite a successful week. Numerous forecasters agree with that assessment.
Instead, big profits in December lie in meme tokens like Meme Kombat ($MK) and Wall Street Memes ($WSM).
Meme Kombat ($MK) Brings Dynamic Staking and Innovative Battle Arena – 100x ROI Expected Toward the End of 2023
Meme Kombat stands out as a web3-based play-to-earn (P2E) game, offering a unique blend of epic gameplay.
Users can engage in diverse betting scenarios within the platform, ranging from player-versus-player showdowns to sophisticated player-versus-computer modes. The latter utilizes traditional betting mechanics, ensuring fair outcomes for the participants.
The inaugural launch, Season 1, features 11 popular meme characters, allowing users to place bets on their favorites in thrilling battles. Following closely, Season 2 promises new characters and gameplay, with ongoing plans for additional developments and game modes.
The platform operates on the $MK token, which serves as the lifeblood for betting, staking, and other platform-related activities.
Beyond the excitement of betting, Meme Kombat attracts users with its lucrative staking mechanism, boasting an impressive 477% annual percentage yield (APY).
The substantial staking rewards played a pivotal role in the project’s early presale success, significantly outshining the market average. For comparison, Ethereum’s APY stands at a mere 4%.
Participating in the platform’s activities requires users to stake tokens, a requirement that further contributes to the advantageous supply and demand dynamics. A considerable portion of the project’s circulating supply is expected to be locked up in staking contracts, adding an intriguing dimension to its economic model.
The project has already raised $2.4M in presale and you can still get in before the remaining tokens get sold out!
Wall Street Memes ($WSM) Rises as a Top-Tier GambleFi Crypto Casino Platform of 2023 and Continues to Grow
Launched in 2023, Wall Street Memes orchestrated one of the most substantial crypto presales of the year and secured an impressive $30 million through the sale of its $WSM token.
In October, $WSM made its debut on various centralized exchanges, including renowned Tier-1 platforms such as OKX and MEXC. The token experienced a remarkable surge of over 106% post-listing on OKX.
Originally conceived as a meme coin without inherent utility, the narrative shifted with the introduction of the Wall Street Memes Casino.
This gaming platform now allows players to wager $WSM alongside a variety of other popular crypto tokens, transforming the token into a dynamic asset.
Dubbed “the new home of the degen,” the Wall Street Memes Casino is designed for crypto enthusiasts who seek to amplify their market winnings by engaging in gambling activities. Accessible to all, including those who missed the Wall Street Memes presale or do not hold $WSM, the casino offers a diverse array of gaming options.
Players can partake in live casino games or engage in live sports betting, creating a comprehensive and entertaining experience.
Adding to its appeal, the Wall Street Memes Casino eliminates the need for identity verification or Know Your Customer (KYC) checks. The only requirement for joining is a valid email address.
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Dogecoin Moon Mission Could Lead to a Price Increase
This November, Dogecoin’s ambitious DOGE-1 mission to reach the moon received a significant boost with the crucial approval granted by the National Telecommunications and Information Administration (NTIA).
This green light marks a pivotal step, with the final approval from the Federal Communications Commission (FCC) now being the remaining hurdle.
The core of Dogecoin’s mission revolves around launching the DOGE-1 satellite into lunar orbit, marking a historic event as the first satellite fully funded by Dogecoin (DOGE).
The SpaceX Falcon 9 rocket will transport DOGE-1 into space, underscoring the crypto’s foray into the cosmos.
Following this announcement, Dogecoin (DOGE) experienced a 2.5% uptick – buy investors say this is just the beginning.
Conclusion
Meme coins are experiencing some nice profits at the start of December, but which ones are going to end up as the new meme leaders going forward?
According to analysts and crypto influencers, it’s Meme Kombat ($MK) and Wall Street Memes ($WSM).
These two tokens have 100x profit potential if all goes as planned in the next few weeks… but only those who take advantage of current low prices will be able to profit.
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
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