By CryptoNews - 5 months ago - Reading Time: 7 minutes
Pepe Coin Price Climbs 25% But Doxxed Meme Kombat Altcoin Can 100x After Raising Nearly $1.5m For Unique Gaming Platform
Friday, November 10th, 2023 – The Pepe coin’s price has climbed 25% to $0.000001298 over the past seven days, but Meme Kombat ($MK) is the one to watch for 100x gains after raising $1.44 million as the altcoin season takes off.
Since bottoming on October 19 at $0.000000626, $PEPE price has been pumping. The PEPE price has doubled over the past month, surging in the latter half of October as the meme coin chalks up a market capitalization of $524 million.
However, the Meme Kombat gaming and betting ecosystem threatens to blow Pepe out of the water after yesterday introducing dynamic yield staking, currently earning stakers 1,000%-plus annual percentage yield (APY).
Although the Meme Kombat platform has not launched yet, you can buy and stake the token in presale.
New dynamic staking – Meme Kombat uniquely blends off-chain and on-chain for cheap, efficient and secure staking and gaming
$MK staking is unique because it seamlessly blends on-chain and off-chain transactions. End users only pay network fees when they stake and unstake their $MK, while all claiming of rewards inside the staking platform happens off-chain and incurs no fees.
Major Update
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
Stakers can see all their interactions with the staking platform, such as deposits and claims, logged in real-time.
This is also integrated with the on-chain game contracts, meaning you will be able to play the games with staked tokens.
With Meme Kombat, all claiming and gaming is gas-less, courtesy of its state-of-the-art hybrid off- and on-chain system. There are similar systems available from some big players in the crypto industry but their designs depend on cold wallets whereas Meme Kombat uses smart contracts.
Cold wallets are an inefficient way of trying to keep systems secure. Meme Kombat, however, has chosen a different, more efficient and secure approach, by requiring six block confirmations before a transaction can go through.
Holders of $MK can stake their previously purchased tokens direct on the website, at Memekombat.io. So far nearly 2.3 million $MK has been staked, which amounts to 26% of the tokens sold.
In less than 24 hours since the introduction of dynamic staking, more than 35,000 $MK tokens have been rewarded to stakers.
As the bull run explodes, investors are looking for more from their meme coins – $MK fits the bill
Sure, the frog meme has taken crypto markets by storm this year, but investors are now looking for something more from their meme coins, and Meme Kombat fits the bill with its platform where meme characters join battle and users bet on the outcomes. There is nothing else like Meme Kombat on the market.
As the crypto winter rapidly thaws, traders and investors are souring the market for the best risk-reward opportunities. The problem for those chasing Pepe for outsized returns is that the price explosion has already happened.
Pepe reached an all-time high of $0.000003766 on May 5 this year. To reclaim that price would require an 184% uplift on the current price. That is a reasonable price target for meme coins but it might be a stretch to expect further parabolic run-ups after that milestone is reclaimed.
As the crypto bull run ignited by the prospect of bitcoin halving and a spot bitcoin ETF approval takes wing, projects are coming under closer scrutiny. In this context, a new breed of meme coins that combines cheeky, humorous irreverent virality with actual utility value is coming to the fore.
Many buyers will be entering the meme coin sector for the first time on the lookout for the next big thing. Even better, then, if that coin can show that it is not just a cartoon character but a product offering people will want to engage with, and in so doing generate revenues and profits. Meme Kombat is that coin.
The Meme Kombat ($MK) platform as a first-of-its-kind platform for battling and wagering with meme characters will likely have wide appeal to all types of meme coin traders and investors.
It not only targets the two booming crypto sectors of GameFi and GambleFi, but it is also perfectly positioned in the high-octane meme coin segment.
$MK is currently priced at $0.189, but will be rising 10% to $0.205 in Stage 3 of the presale, which starts on November 16.
You can keep up with developments at Meme Kombat on X (formerly Twitter) and Telegram.
Web3 titans will face off. An excellent chance for @pepecoineth and @pepe2coineth followers to show up for their communities
Join us in the arena in #MemeKombat pic.twitter.com/eJiRnP8A3q
— Meme Kombat (@Meme_Kombat) October 7, 2023
The Meme Kombat presale has only six days to go before the next price increase, so prospective buyers will need to move quickly to make sure they snatch the lowest possible price. The next milestone $1.5 million also triggers a community giveaway of 5k USDT.
Although the site countdown shows six days left before the next price rise, the current stage could sell out much sooner than the time allocated.
You can get a feel for the virality of the project from the fun that the team’s artists are already having with the meme characters.
So whether you are won over by Dogecoin, Shiba Inu, Pepe or Sponge, meme coin watchers will find their character, and many others, represented in Meme Kombat
For degens focused on where to find the next 100x gem Meme Kombat has to be front and center. Put succinctly, Meme Kombat captures the latent value of arguably the top-valued sectors in crypto today – gaming and gambling.
Not only will you be able to battle with meme characters, but you will also be able to wager on the outcome of those head-to-heads. When the full innovative platform is live, token holders will be able to seamlessly stake-to-bet on the battle in the Meme Kombat Arena.
Who is ready to see some Kombat? Is there an obvious winner between @wojakcoineth and @pepe2coineth ? pic.twitter.com/6SJ6fQGN0W
— Meme Kombat (@Meme_Kombat) September 28, 2023
Meme Kombat Season 1 features the top meme coins, so there’s something for everyone
Meme Kombat’s Season 1 will be available after the presale is sold out and the project is launched.
There are 11 meme characters you can battle with in Season 1: Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak.
Players bet on the meme characters and are rewarded with $MK tokens if they back the winners.
Our sources tell us that Season 2 meme characters will be landing just before Season 1 wraps up.
Blockchain comes into its own when it comes to gaming and gambling. On the gaming side, there is verifiable randomness and for gambling, its trust and security features are also well suited to the platform’s requirements.
Although often absent from most meme coin projects, in Meme Kombat’s case a security audit of its smart contract has been conducted. Prospective buyers will be pleased to note that the audit was passed with flying colors and no major issues detected.
All told, 50% of the total token supply is being sold in the presale, 30% for staking and battler rewards, 10% for community rewards, and 10% for decentralized exchange liquidity. The total token supply of $MK is 120,000,000.
Helping buyers to make their decision is the fact that the Meme Kombat project is doxxed. Founder Matt Whiteman is chief operations officer at Netherlands-based North Technologies, an NFT trading and analytics business.
Whiteman’s footprint in the NFT space is thought to be helping Meme Kombat to garner traction in the Web3 venture sector.
Meme Kombat is causing a stir across crypto media
Interest in Meme Kombat has taken off in the crypto media world. The Meme Kombat native token $MK has received coverage on top crypto news outlets, including Cointelegraph, Coinpedia, Decrypt, Finbold, BeInCrypto, FXStreet, NewsBTC, and CryptoPotato. It is also popping up on game sites, with an article recently appearing in Game is Hard.
Crypto analyst on YouTube Joe Parys, who has 382,000 subscribers, has selected Meme Kombat as one of his ‘top 5 meme crypto coins for 2024 and beyond’.
Another YouTuber tipping $MK is well-respected crypto analyst Michael Wrubel with 310,000 subscribers. He is equally bullish on Meme Kombat’s potential to carve out a valuable niche.
Meanwhile, the folks at the Cilinix Crypto YouTube channel have put skin in the game by explaining to their audience why they bought this presale, while other YouTube crypto analysts think $MK ‘could kill Pepe’.
SHOULD YOU STILL BUY $MK? (Meme Kombat Presale Review)
Novel stake-to-bet paradigm will create growing value for $MK token holders
Meme Kombat is at the center of the intersection of gaming and gambling in the cryptocurrency industry.
By freeing up staked tokens for use as gambling chips, Meme Kombat allows network participants to earn from staking as well as the opportunity to win big in the battle arena.
Priced at $0.189, Meme Kombat token can be purchased today with ETH, BNB or USDT (ERC-20 and BEP-20 versions).
Gambling is a booming industry and today crypto is only a very small part of the whole. However, the industry is changing fast, as witnessed by the rise of online venues. Data compiled by Statista shows that the online gambling industry’s market size is $95 billion for 2023.
With its well-suited technological advantages of decentralization to deliver secure, fair and transparent gaming and betting, crypto-based gambling is growing rapidly. Meme Kombat is in the vanguard of this Web3-led transformation.
Don’t miss out on a coin that has Pepe’s price potential with the added certainties of real-world utility.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Original source: CryptoNews