Gorilla token ($GORILLA) grabs the attention of the crypto market again. The token went on a meteoric jump to $0.017 on Wednesday, recording a 45% surge on the daily chart.
But the movement has proven to be fleeting, with the token price slipping to $0.01303 within hours. The meme coin is predicted to collapse further down the chart over the next few days. With the price correction imminent, investors are seeking a greener pasture in Meme Kombat ($MK).
$GORILLA Makes Little Sense at this Point
$GORILLA is one of the hottest crypto sensations of December. The token has made its way to the trending list multiple times. At the time of this writing, it has a market cap of $9,824,602.
Without anything substantial – apart from speculations – supporting the price action, Gorilla is looking at a bleak road ahead. The token has little going on for it. And it seems to be out of steam, as new meme coins like Meme Kombat grab the attention of investors.
The key factor that makes Meme Kombat an interesting alternative to explicitly useless meme coins like Gorilla is organic demand. It’s true that Meme Kombat ($MK) makes use of its meme coin label to draw the attention of speculative investors. Despite that, it doesn’t compromise on its intrinsic value.
Meme Kombat is an AI-powered battle arena. It hosts combats between different combinations of iconic meme characters, turning the popular trends in the meme coin market into a source of organic demand.
How?
By staking their tokens, $MK holders get a chance to bet on the outcomes of these battles and stand a chance to win attractive rewards. With the altcoin season heating up, the project offers investors an excellent opportunity to ride a 10X to 50X pump.
$3.9M Raised Already; 228% Staking APY
The Meme Kombat presale has raised $3.9M out of its targeted $5M already. It is now selling for a heavily discounted price of $0.246. In the next stage of the presale, the price will undergo a small increase to $0.257.
The project has launched a staking program that will be live during the presale phase. 75% of $MK, that is 17,313,700 tokens, have been already staked. The current APY is 228% and 3,363,793 $MK tokens have already been paid out. The number of stakers stands at 4618 now.
The staking system is designed to favor early investors. So the earlier an investor joins the system, the higher the APY.
📣 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
In the last few months, the crypto market has undergone a pronounced shift to utility-rich projects. The trend is visible in the meme coin space as well. While the niche was comfortable chasing short-term price movements in the past, investors are looking for more now.
Beyond meteoric price jumps, they expect meme coins to be a source of scalable income and profits. The growing traffic to the Meme Kombat presale is a testament to the project’s appeal.
BUY MEME KOMBAT FOR THE PRESALE PRICE
Where Gaming and Betting Meet
Meme Kombat strategically taps into the two hottest trends in the crypto market – GameFi and GambleFi.
GameFi has a market cap of $18.5 billion. Although not as popular, gambling tokens are booming, with a $928 million valuation already. The staggering success of projects like Rollbit Coin (7395.56% growth in a year) shows that the industry is fertile for growth.
Placing early into the market provides significant upside potential for projects like Meme Kombat.
Meme Kombat doesn’t fit the popular description of GambleFi, which is largely confined to casino and sports betting games now. It expands the niche’s horizons with a creative theme.
Meme Kombat Season 1 will go live as soon as the presale is sold out and the token makes its way toward the first series of exchanges. In Season 1, users can bet on the outcomes of AI-powered battles between 11 characters – Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak.
More meme icons will be featured in Season 2, which will be out without much delay after Season 1 concludes. In other words, the platform plans to drive consistent organic demand for the token in its battle arena.
A few EPIC BUYS in the past few hours!$MK is hitting new heights each and every day⚔️🥊 pic.twitter.com/IRyg02GOe9
— Meme Kombat (@Meme_Kombat) December 20, 2023
Analysts Express Optimism, Little Time Left to Buy in
The price projections of $MK look optimistic. Many analysts have come forward with bullish forecasts for the meme coin. For example, Jacob Crypto Bury predicts a 10X pump for Meme Kombat. Michael Wrubel is another prominent influencer who is bullish about the project.
The security and transparency aspects of the project also look strong. The Meme Kombat smart contract is fully security audited. It’s rare to find a meme coin project that embraces transparency. The project, based in the Netherlands, is headed by Matt Whiteman. (For more details, visit the website.)
The fact that investors need not wait until the project launch to start earning from the platform adds to the token’s appeal. The staking module is now live with attractive APYs for early participants.
BUY MEME KOMBAT FOR THE PRESALE PRICE
