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Meme coins have been and still are among the most popular cryptos on the market. They are generally known for light-hearted themes, little or no token utilization, and massive growth potential. After all, meme coins were launched as jokes to make fun of the rest of the crypto market. However, those jokes evolved into high-return potential assets that made investors rich.
Memes such as PEPE, SPONGE, COPIUM, and a few others were in the spotlight last year, as they grew by up to 5,000% extremely quickly, proving that meme coins are still viable investment options. Let's see what PEPE did to close the year as the biggest meme coin gainer, and more details about the next big meme called Meme Kombat.
Everyone knows about Dogecoin, which was (and still is) the most popular meme coin on the market, followed closely by Shiba Inu and several other altcoins. The meme all-stars were joined by Pepe Coin in 2023, which went live without any presales or fanfare. It took only a few days to become one of the leading contenders for the highest gainer, which was expected as the platform is inspired by "Pepe the Frog, " one of the world's most recognized online meme characters.
Pepe the Frog is a frequent meme on almost all forums, social media networks, and other online spaces. The character inspired countless emotes, short films, and other modern art forms, all of which had a positive effect on PEPE token's adoption. While Doge is still in the lead, PEPE's vast gains of over 5,000% made it the most popular non-dog-themed meme on the market. Even though PEPE lost over 70% of its all-time high price, it's still over 2,500% higher than the initial price.
However, while it's still a popular investment option, PEPE coin's long-term outlook depends on multiple factors. It can establish itself as one of the best long-term memes to hold on to, but only if it's backed by a dedicated community, and if it gets real-life use cases, it's currently missing.
Despite being one of the most popular memes on the market, PEPE added only about 2.27% to its value in the past week. However, its trading volume is dropping, and PEPE is now near the flatline. If we look at PEPE's price movements in the past month, the token has lost nearly 11% and is now trading at $0.000001215. Experts predict that the crypto will likely recover in the next few weeks, reaching the price of $0.000002 if the same trend continues throughout 2024. Therefore, if you missed PEPE's initial explosion, investing in the token now can help you get higher returns, but it won't turn you into a millionaire anytime soon.
Meme Kombat is the latest addition to the meme coin market, and thousands of investors are highly excited. Unlike PEPE and many other memes launched last year, Meme Kombat offers excellent utility and combines features of three growing multi-billion dollar industries – gaming, online casinos, and cryptocurrencies. It entered the presale a few months ago and has raised over $7 million. It's likely the next meme coin to explode, so let's see what it offers from up close.
Meme Kombat is powered by the MK token that works as a utility. The platform is built around exciting PvP and PvE arena battles. Once users select one of the 11 meme characters available in season one, they can put them against other players' characters in AI-governed arena battles. Some characters available in Season One are Pepe the Frog, Spongebob Squarepants, Patrick Star, and others.
You can earn MK tokens every time your character wins a match by completing challenges or betting on other matches. The fact that tall battles are entirely AI-governed means that all players have the same chance of winning. The platform is designed by a team of dedicated and experienced blockchain developers, with Matt Whitman at the helm. Therefore, it's a fully transparent meme coin backed by a known team of developers and made according to best industry practices.
The platform has 120 million MK tokens in circulation, but they are divided into multiple categories. 50% or 60 million tokens are available in presale, 30% will be given out through staking and battle rewards, 10% will be used for DEX liquidity pools, and 10% will go towards community rewards. There is no team token allocation, so you don't have to worry about potential rug pulls.
The MK token presale event is live, allowing users to invest in Meme Kombat at highly affordable prices. The event raised over $7 million, allowing users to stake the tokens they buy to get higher returns before the first DEX listing. The current APY is at 138%, but it will decrease as the number of investors grows.
Season one will launch as soon as the presale event ends, during the first quarter 2024. Users will be able to access battles, staking, and other features from day one. However, the platform has massive expansion plans, new seasons and characters, and plenty of other features, ensuring that it will become one of the hottest meme coins on the market.
If you missed your chance to invest in PEPE before the massive gains it had last year, consider investing in Meme Kombat as soon as possible, as it's the next big thing in the meme coin space. MK tokens could surpass PEPE's impressive gains upon launch, as it offers token utility, a PvP battle arena game, and plenty of other features designed to revolutionize how we think about meme coins. Invest in MK tokens today and secure your spot among the earliest investors to get the highest gains in Q2 of 2024 and beyond.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
