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Pepe is one of the worst affected by the ongoing crypto crash. The meme coin is down to its last legs as it slips down the top 100 crypto chart, after going through a 10% crash over the last seven days.
Can Pepe come back?
An analysis of the Pepe price action since it hit an all-time high in May makes it evident that Pepe is on a downward trajectory. The token, now past its prime, is not a good long-term meme coin investment like Dogecoin or Shiba Inu. Its position on the ‘Top 3 meme coins’ chart is also likely to end soon, with new competitors like Meme Kombat entering the scene.
One of the key factors that have backfired for Pepe is its lack of utility and purpose. While Pepe unabashedly flaunted its hollow makeup in the first stage, it is unable to maintain momentum now for the same reason. The lack of a strong foundation has rendered the token a fleeting sensation.
Although short-term investors can still take advantage of the Pepe price volatility, the token is expected to further slip down the charts in the coming months. The Pepe hype is unlikely to be alive for long.
A shift toward Meme Kombat is obvious
With Pepe’s downfall, a significant shift towards Meme Kombat ($MK) is becoming obvious in the meme coin market. The play-to-earn token has managed to awaken the meme coin community in a short time.
Although the popularity of Pepe is on a decline, investors are not ready to give up on meme coins. It is one of the best-performing niches this year with its volatile price actions that can climb 4000% to 7000% in a matter of days.
Meme Kombat, now in the presale stage, is predicted to ignite a similar price action on its release. The presale is on its way to the $600,000 milestone at the time of writing.
What is fueling the buzz?
Meme Kombat has paid attention to setting itself apart in the meme coin market, which is now filled with hollow tokens. They have little to support their value, apart from speculative communities. That explains Pepe’s miserable performance over the last few weeks.
Since Meme Kombat doesn’t plan on being another fleeting crypto sensation, it has integrated market-relevant use cases into its working mechanism.
The native token $MK is used for betting on the outcomes of virtual battles featuring well-known meme-themed characters within the ecosystem. They are automated and powered by artificial intelligence to feature an immersive gaming experience.
The gaming dashboard is diverse, featuring a wide range of options to cater to the preferences of players. Whether it's peer-to-peer matches, wagers against the house, or in-game event bets, players won’t run out of choices in the battle arena.
The blockchain-based foundation of the project gives it speed and efficiency, especially when it comes to determining the winners and distributing rewards. It is transparent and open for verification, leaving no room for scams or fraud.
For both active and passive users
Meme Kombat's focus on play-to-earn utility gives it long-term relevance in the meteoric meme coin market. A practical use case is essential for its longevity. It gives the asset the strength to rebound and maintain an upward trajectory, even after a crypto crash.
Meme Kombat has also paid attention to bringing both passive and active investors under its umbrella. This is made possible by integrating staking and betting within its battle arena. The mechanism ensures that there is a continuous demand for the token, contributing to its resilience.
Meme Kombat maintains a crypto staking APY of 112% at the time of writing.
Credible, secure
Being purposeless assets solely driven by fleeting hype, most meme coins respond violently to market crashes. For the same reason, few meme coin teams have dared to come out of the shadows and reveal their identity.
In a market that embraces anonymity, Meme Kombat is an exception. Possibly because it is not a typical meme coin.
The doxxed project is led by Matt Whiteman, who holds around two decades of experience in process design and improvement. The project has disclosed its physical location, which further underscores its accountability.
The security aspect has also been taken care of. Meme Kombat has taken a proactive step by undergoing an audit by Coinsult. It reduces the risks associated with potential hacks and vulnerabilities.
The next explosive meme coin?
The growing social momentum around Meme Kombat is evident from the increasing traffic to the presale and the expanding meme coin community.
The presale at memekombat.io, with each token priced at $0.1667, offers the most profitable entry point for investors. $MK tokens have the potential to climb anywhere from 1000% to 1200% from the presale price as the FOMO unwinds on its initial exchange listing.
Meme Kombat’s ambitious roadmap will sustain the price trajectory, with the launch of Season 1 soon after the presale. Season 2 will follow in December 2023 with more battle characters.
Vladislav Sopov
Dan Burgin
U.Today Editorial Team