As the second largest meme coin Shiba Inu (SHIB) fails to keep pace with the broader cryptocurrency market’s recent rally, SHIB holders are migrating to a new meme coin called Meme Kombat (MK) to hunt potential 100x returns.
At current levels just under $0.000010, SHIBA is up around 16% from recent sub-$0.0000085 lows.
But SHIBA is still well below its late 2023 highs near $0.000012.
And the meme coin remains a far cry from its prior glory days, when it hit $0.000088 in 2021.
Bitcoin (BTC) and Ether (ETH) are meanwhile at new multi-year highs around $52,000 and $2,900 respectively.
But rather than rotate into better performing blue-chip cryptocurrencies like BTC and ETH, many meme coin degens would rather maintain exposure to riskier assets that holds 100x potential.
That’s why SHIBA holders are migrating to this new meme coin Meme Kombat.
What is Meme Kombat?
Meme Kombat ($MK) is building a one-of-a-kind platform for battling meme characters.
Given that it will feature characters to represent all major meme coin communities, the project’s appeal is wide.
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.
Whether you are won over by Dogecoin, Shiba Inu, Pepe or Sponge, meme coin watchers will find their character and more represented in Meme Kombat.
Meme Kombat also 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.
For degens focused on where to find the next 100x gem Meme Kombat has to be front and center.
To fund development and marketing efforts, Meme Kombat has been conducting a highly successful presale of its native $MK token.
Having already raised over $9.25 million, Meme Kombat is fast approaching its $10 million presale hard cap.
Can’t believe we’re saying this, but $9.2million raised!
LFG fighters pic.twitter.com/mRVesHZPeJ
— Meme Kombat (@Meme_Kombat) February 19, 2024
Whales are increasingly taking note, with one wallet piling $35,000 into the presale on Monday.
In the words of the Telegram community:
“Goliath has entered” pic.twitter.com/y5piKU8gTN
— Meme Kombat (@Meme_Kombat) February 19, 2024
The $MK presale is in its final stage.
If investors don’t scoop up the token now at its discounted presale price of $0.279, they may end up paying substantially more when the token debuts across cryptocurrency exchanges in future.
Prospective investors can rest assured because the Meme Kombat smart contract is fully security audited and no major issues have been detected.
$MK – Shiba Inu Holders Migrating to This Utility-Packed Meme Coin
The vast majority of Meme Kombat’s major meme coin rivals like Dogecoin, Shiba Inu and Pepe lack utility.
Increasingly, traders are hunting for coins that have a use case that could scale and deliver profits.
Meme Kombat is just such a coin.
The upcoming protocol encompasses the revenue-generating potential of two of the fastest-growing sectors in crypto outside of meme coins – gaming and betting.
According to crypto data site CoinGecko, GameFi has a market cap of $20.6 billion while gambling tokens are valued at $796 million and growing.
CoinGecko values the meme coins sector at an impressive $23.7 billion.
Meme Kombat is perfectly positioned to pitch into this expanding total addressable market of $45 billion.
Meme Kombat’s Season 1 will be available after the presale is sold out and the project 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.
Season 2 meme characters will be out just before Season 1 wraps up.
Meme Kombat total token supply is 120,000,000, of which thirty percent is allocated for staking and battle rewards, 10% for community rewards, and 10% for decentralized exchange liquidity. Fifty percent of the total token supply is on sale in the ICO.
$MK – A Huge Passive Income Opportunity
Not only does $MK come packed with inbuilt underlying demand given that it powers Meme Kombat’s exciting GameFi/GambleFi platform, but Shina Inu holders are also migrating to $MK thanks to its huge passive income potential.
If you invest in the ICO today, you can immediately stake your token to earn an annual percentage yield that is currently sitting at 103%.
When the battling and betting system is turned on, stakers will be able to bet and earn APY at the same time.
Three-quarters of sold $MK is now staked. Stakers must hold their tokens for a minimum of seven days after the launch of the coin.
$MK dynamic staking combines on-chain and off-chain transactions, so users only pay network fees when they stake and unstake their $MK while claiming rewards takes place off-chain, incurring no fees.
All staking interactions are logged in real-time, plus the staking system will be integrated with the game, allowing platform users to easily choose between staking tokens or using them for battles.
It’s worth bearing in mind that, with 76% of sold coins having been staked, there will be much less selling pressure when $MK launches on exchanges than is typically the case for newly listed tokens.
$MK – Can It 100x?
Given its bloated market cap of $5.77 billion, it’s tough to argue that SHIBA has 100x potential.
By comparison, at the current presale price of $0.279, $MK’s market cap is valued at just under $33.5 million.
If $MK can match Shiba Inu’s market cap, that would mean gains of at least 170x.
But is it just a pipedream to think that $MK could become a multi-billion dollar coin?
Not according to dozens of well-respected and widely followed crypto analysts, who continue to sing Meme Kombat’s praises.
ClayBro, who has 116k subscribers to his channel describes Meme Kombat as what could be the “biggest meme coin gaming token of 2024”.
Michael Wruble tells his 310k-plus subscribers that it could be the 100x gaming meme crypto.
And Jacob Crypto Bury is of like mind, predicting possible 10x returns for early investors in the project meme coin gaming project.
It’s no wonder then that Shiba Inu holders have been migrating in droves to $MK.
Don’t let Meme Kombat slip through your fingers – it could be the crypto gem of 2024.
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