$BONK Price Crashes 30% From Top As Traders Back New Meme Coin $MK
The Solana blockchain’s largest meme coin BONK! ($BONK) is seeing an enormous pullback from earlier weekly highs.
BONK! lately hit its highest ranges of the yr above $0.0000055 per token, however the value has since pulled again over 30% to round $0.00004.
Nonetheless, that leaves $BONK up an excellent spectacular close to 2,500% from October’s lows.
The surge within the meme coin’s value comes alongside a pump in current weeks within the Solana (SOL) value amid a broader crypto market rally fuelled by optimism about institutional adoption with spot Bitcoin ETF approvals seemingly coming within the US very quickly.
Whereas BONK! is actually a sizzling prospect proper now, it’s removed from the one meme coin attracting lots of curiosity.
An up-and-coming meme coin referred to as Meme Kombat ($MK) has been producing large hype due to its distinctive worth proposition, given its token powers a enjoyable platform that sits on the intersection of GameFi and GambleFi.
The token’s presale has already raised a whopping greater than $2 million as prime merchants again the token.
What’s Meme Kombat?
Meme Kombat is a web3 platform that blends collectively the world of crypto gaming and playing with its thrilling platform had been customers are in a position to wager on the outcomes of thrilling battles between characters primarily based on a few of the crypto world’s hottest meme cash.
Given its sturdy enchantment to meme coin buyers and GameFi and GambleFi addicts, Meme Kombat is predicted to have a large enchantment.
$MK is at present priced at $0.214, however shall be rising 10% to $0.225 when the presale enters its subsequent stage in just below 6 days.
The worth of $MK is now $0.214👀
Be sure you are prepared for Kombat and have you ever $MK prepared too! pic.twitter.com/46vMGrXURU
— Meme Kombat (@Meme_Kombat) November 23, 2023
It’s price noting that whereas the positioning’s countdown reveals that there are solely just below seven days to go earlier than the following value rise, the present stage may promote out a lot before the time allotted if the $2.5 million mark is shortly hit.
In distinction to meme cash resembling Pepe, Meme Kombat allows token holders to stake-to-earn to get a passive earnings stream.
Stakers earn an annual share yield (APY) of 466%. Such a excessive return is feasible as a result of the venture has allotted 30% of token provide to staking and battle rewards.
Even higher, presale consumers can select to stake their cash instantly and begin incomes now.
There’s a staking dashboard to indicate the real-time variety of staked cash within the pool launching quickly.
📣 Main Replace 📣
The Meme Kombat Staking Dashboard is formally stay and prepared for use by you!
Take a break from Kombat and go to the staking dashboard right here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
$MK the Subsequent 100x Coin?
For degens targeted on the place to seek out the following 100x gem Meme Kombat must be entrance and heart. Put succinctly, Meme Kombat captures the latent worth of arguably the top-valued sectors in crypto at this time – gaming and playing.
Admittedly meme cash are all about virality and group engagement and have nearly made it a badge of pleasure that they don’t even have any utility.
There’s in fact worth in networks of engaged people however because the market enters the following bull cycle, one function of the maturing nature of the market is buyers turning into extra demanding in what they count on from a coin, and that features memes cash.
More and more market members need to purchase into initiatives which can be providing genuinely distinctive and doubtlessly invaluable use circumstances – there must be a worth differential.
Meme Kombat matches the invoice completely. It not solely hits on the 2 booming sectors of GameFi and GambleFi, additionally it is enjoying within the high-octane meme coin phase, the place outdated and new cash is bound to circulation in highly effective torrents as crypto winter recedes.
It doesn’t require a lot evaluation to instantly see the worth proposition in Meme Kombat and the way it stacks up when in comparison with cash like Pepe.
You may sustain with developments at Meme Kombat on X (formerly Twitter) and Telegram.
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