The meme coin market is continuous to thrive this week, with cash like Pepe (PEPE), Dogecoin (DOGE) and Shiba Inu (SHIB) seeing value surges. Dogecoin (DOGE) has additionally risen sharply, main many buyers to take a position that these three cash might publish intra-year highs if the momentum continues. This resurgence has additionally paved the best way for brand spanking new meme cash like Meme Kombat (MK) to make a splash, with its presale elevating over $740,000 already.
Pepe Coin Worth Explodes as Meme Coin Market Booms
PEPE has seen a dramatic pump up to now week, with its value rising by over 90%.
After struggling to interrupt the 50-day Exponential Shifting Common (EMA) on the day by day chart, PEPE lastly breached it on Monday.
This breakthrough sparked a rally that noticed PEPE’s value spike to $0.00000126 earlier at the moment, reaching its highest worth since August 15.
Though the token’s value has pulled again barely, investor sentiment stays firmly bullish, with additional rises anticipated.
With the Relative Energy Index (RSI) sitting at 76, shopping for strain stays elevated, though there’s a threat that PEPE could now be in overbought territory.
Nonetheless, if market circumstances stay beneficial, there’s a rising perception that PEPE might return to the following crucial resistance zone round $0.0000015, which hasn’t been tapped since July.
Shiba Inu & Dogecoin Rally as Buyers Hope for Additional Features
Shiba Inu and Dogecoin, the world’s two largest meme cash, have additionally been caught up within the renewed hype and bullish sentiment across the meme coin sector.
SHIB noticed a large breakout final week, with its value rising from $0.0000066 to at the moment’s excessive of $0.0000082.
This 24% surge could be largely attributed to constructive crypto market forces, reasonably than something straight associated to the Shiba Inu ecosystem.
Equally, Dogecoin has rallied from $0.057 final Thursday to $0.0727 at the moment, representing a 26% surge.
Like SHIB, DOGE has additionally benefited from constructive sentiment within the crypto market – evidenced by the Crypto Fear & Greed Index hovering to a close to two-year excessive.
This resurgence of curiosity in meme cash has helped push the general meme coin market cap to over $16.8 billion, in response to CoinMarketCap information.
As speculative hype returns to the crypto sector, meme coins appear poised to proceed using the bullish wave.
New Meme Kombat Token Features Traction Throughout Viral Presale & Raises $740,000
With the meme coin area persevering with to warmth up, a brand new entrant known as Meme Kombat (MK) is producing substantial buzz throughout its presale part.
Meme Kombat is a promising meme coin on the earth of GambleFi, fusing decentralized finance (DeFi) and on-chain betting.
The platform facilities round a battle area the place customers can wager on fights between fashionable meme coin mascots like DOGE, SHIB, Wojak, and Pepe the Frog.
Winners of bets are rewarded in MK – Meme Kombat’s native ERC-20 token.
With buyers changing into more and more excited by meme cash, Meme Kombat appears to be like primed to learn from a lift in demand.
Its hybrid mannequin faucets into a number of rising niches, setting it other than the tons of of meme cash that flood the market every week with no precise use case.
Including to Meme Kombat’s attraction even additional is that MK holders can stake their tokens and earn yields of 112% per year – whereas additionally benefiting from the playing system.
This progressive dual-earning strategy is predicted to be a key driver of demand as soon as MK makes its open market debut later this 12 months.
On the time of writing, Meme Kombat has simply handed the $740,000 mark in its presale as investor curiosity mounts.
The undertaking can also be gaining viral momentum on social media channels, with Meme Kombat’s Telegram community rising to 2,600+ members.
Buyers can buy MK tokens by means of the continued presale for simply $0.1667 utilizing ETH or USDT – though this value level is just accessible for another week.