Traders Switch To Meme Coins, Predict Weak Bitcoin Price Action - Is This New Crypto The Next Pepe Or Dogecoin
Release: 2024/02/06 22:19 Reading: 277
The Bitcoin price continues to consolidate in the $41,000 - $44,000 price range, much to the chagrin of both the bears and the bulls.
BTC is currently trading at $42,800 on Tuesday - down 3% over the past month and 12% from its local top of $48,900 that it hit in the aftermath of spot Bitcoin ETF approval.
Experts believe that this lackadaisical BTC price action could continue over the coming months, potentially even after the Bitcoin halving in April. Meanwhile, new meme coins could steal the spotlight, offering 10x - 100x returns and outperforming BTC in the short term.
Analysts Predict New Meme Coins Could Explode While Bitcoin Price Consolidates
Traditionally, the meme coin market starts to heat up when the Bitcoin price cools down. Analysts believe that this phenomenon could take place once again in the coming month.
Popular crypto trader Loma, who has close to 300k followers on X, believes that the market focus has apparently shifted from BTC to meme coins and lower liquidity CEX tokens in January, a trend which could also continue in February and March.
Another prominent crypto influencer Crypto Tony, who has close to 400x followers of his own, reveals that the market capital could be pivoting from Bitcoin to altcoins and meme coins, especially as the largest cryptocurrency faces several strong resistances.
Indeed, the Bitcoin price is currently facing strong resistance at $44,000 - a level which BTC failed to flip on Monday as well. Michael van de Poppe on MN Trading reveals that even if the bulls manage to breach this resistance, BTC would likely only see a marginal bounce to $48k.
On the other hand, new meme coins such as PepeFork ($PORK) are witnessing explosive growth. $PORK has already surged close to 500% over the past week, currently boasting a market capitalization of $250 million. The project’s founder Pauly believes that the new meme coin will hit the $1 billion mark in the coming weeks.
Similarly, analysts are bullish on another new meme coin - Meme Kombat (MK), a Play-To-Earn token that has already raised over $8.2 million in its presale.
Meme Kombat - Next Dogecoin Or Pepe?
Meme Kombat is a high-utility meme token - one that features several in-demand trends including Play-To-Earn, staking and even artificial intelligence. As mentioned, $MK has been in high demand during its ICO, raising over $8.2 million in a span of a few weeks and even capturing the attention of crypto whales.
Indeed, the admin of the Crypto Whale Pumps channel on Telegram - which has close to 30k followers - recently announced that he has made a sizable investment into $MK. Just today on Tuesday, another whale invested close to $46k into $MK.
Even the aforementioned trader Crypto Tony praised its price potential, citing its excellent tokenomics and P2E features.
Meme Kombat is launching its own Web3 game, a virtual battle arena that will showcase the “Kombat of meme coins”. The platform will feature 11 fictional characters, each representing a popular meme coin such as Doge, Shib, Pepe, Floki, etc.
The fans of the aforementioned tokens can compete against each other in a fun and exciting battle, even betting on the outcome of the game. The battles will be AI-simulated and decided on-chain using random sequencing, keeping the results fair and balanced.
Gamers can bet on their favourite character in various gaming modes such as player vs player, player vs game, direct betting or side-action betting.
Earn Dual Income With Meme Kombat’s Staking Program
The Meme Kombat project has offered a passive income opportunity even for investors not interested in betting. They can simply stake their $MK holdings - starting from the presale itself - and enjoy returns at a lucrative APY.
The Meme Kombat staking pool is currently offering an APY of 113%, which is much higher than the industry standard of 5% to 7%. With such profitable returns, it is no wonder that over 80% of all sold $MK tokens have already been staked.
The staking feature also contributes towards the price stability and network safety of Meme Kombat. It incentivizes investors to hold their tokens for a longer period, which reduces the risk of pump-and-dump price action. To further ensure this, there is also a mandatory lock-in period of 10 days on all staked holdings.
Could Meme Kombat Generate 10x Returns?
As previously mentioned, crypto influencers and analysts are bullish on Meme Kombat’s prospects due to its unique P2E and staking features. After all, high-utility meme coins are becoming the new trend, making utility-less tokens a thing of the past.
However, investors are particularly thrilled by Meme Kombat’s unique commitment to transparency. The project has revealed the identity of all its key developers, including the founder Matt Whiteman. This allows investors to hold the devs accountable in case of any mishap, reducing the risk of any scam or rug-pull.
Consequently, crypto influencers such as Michael Wrubel and Jacob Bury believe that Meme Kombat could generate 100x returns in 2024, which would make it one of the best meme tokens to buy for the coming bull market.
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com