The Pepe token is currently fighting for its life in the crypto market, and there’s already another replacement memecoin. So, Meme Kombat (MK) wants to change the perception of memecoins by providing a real-life avenue for making profits. Let’s dive in!
Pepe Token Faces Massive Price Volatility
- October was a very good month for Pepe Token as this month has the characteristics of bullish rallies. So, Pepe was among the tokens greatly benefiting from the massive broader market increase in October. But like other memecoins, there’s a massive drop in momentum. So, many of them are no longer on the increase as they make retracements.
- Pepe is among the tokens in this category, as the daily and weekly charts are currently showing weaknesses. So, experts are even predicting a much downtrend in the future. According to data from Coinmarketcap, the Pepe token is down by more than 7% in the daily charts. In the weekly charts, it is down by more than 10%. So, this is quite massive, but it looks like there’s already a new memecoin in the block.
Despite PEPE Token Downfall, New Memecoin In the Block
- While the Pepe token continues to battle with the increasing market volatility, there’s a new memecoin. Apparently, this memecoin is showing a lot of promise, and many investors are rushing to buy the token.
- A new memecoin crypto project with the name Meme Kombat (MK) is already in the scene, hoping to overtake the Pepe token. Basically, the Pepe token isn’t the only one in the picture, as Shiba Inu and Dogecoin are also among them. So, Meme Kombat combines the hilarious nature of memes with blockchain-based gaming. With this in mind, investors can bet on battles between famous mascots like DOGE and Pepe the Frog. So, the hype behind this new project made it raise as much as $1 million in the presale.
What is Meme Kombat (MK)?
- Meme Kombat is a new memecoin with the intention of changing many things within the memecoin sector. So, the major aim of this crypto project is to revolutionize the gaming industry with a state-of-the-art platform. To make things more interesting, there will be an addition of interactive betting and passive staking options on the platform. So, the major purpose of this project is to provide multiple avenues for earning incentives, particularly benefiting gaming enthusiasts.
- According to the developers of this memecoin, they want to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin. However, they also want to make a name for themselves. So, they will do this by providing long-lasting benefits and sustained engagement.
Conclusion
The Pepe token has a new battle in the market. So, after showing promises of going to new levels, this token is back to bearish trends. But this is nothing to worry about for investors as there’s a new memecoin in the market. So, Meme Kombat (MK) wants to revolutionize the memecoin sector with real utilities.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
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