by –News Direct–
SuperPepe has emerged as a massively popular new meme coin, pumping 927% from Thursday through to Friday. This occurred while top meme coins have struggled, with Dogecoin breaking even and Shiba Inu and Pepe in the red.
With newer projects pumping, Meme Kombat has also surged, hitting $350K in its presale in under two weeks.
SuperPepe Continues to Surge After 927% Gains in 24 Hours
Generally, after parabolic pumps, cryptos tend to slow down as buyers become exhausted. Yet this is different for SuperPepe, which is becoming a phenomenon as it attains top gainers status across all cryptos.
This is a sign of unwavering hype, hinting investors are heavily interested and continue to pile in. Still, how long this momentum can continue remains to be seen.
For some projects like Pepe, bullish momentum pushed it to a $2 billion market cap in under a month. However, others fall flat within a couple of hours.
Currently, SuperPepe holds a $667K market cap, which is respectable but still presents lots of growth potential.
It holds a notable $232K liquidity and has facilitated a whopping $1.2 million in trading volume over the past 24 hours. Buyers are also swarming in, with 302 buyers compared to 93 sellers this last day.
However, the most interesting consideration is that the token only launched 11 hours ago. Amassing such hype in under 12 hours certainly indicates the makings of a massively popular project.
Yet, the SuperPepe Twitter is not available. This is common with new meme coins, but such a pump simultaneously in a unique incident.
Furthermore, the projects Telegram is hardly thriving either, with just 73 subscribers and one post. As such, its recent price action seems massively hype-driven, with little effort input from the team thus far.
This increases the projects likelihood of losing momentum soon, causing a price correction. Meanwhile, the new P2E staking coin Meme Kombat is on a tear, with its engaged team to thank for its explosive presale start.
Trending Meme Kombat Presale Hits $350K With 112% Staking APY and P2E Gaming
Meme Kombat is a new presale crypto enabling users to gamble on the outcome of battles between their favorite meme characters. The presale has raised over $350k since launching less than two weeks ago, luring investors with a compelling use case and lucrative staking rewards.
According to crypto analysts Michael Wrubel and Jacob Bury, its unique blend of trending crypto sub-genres like P2E, meme coins, and crypto casino present massive potential for its price to explode.
The platform empowers users to gamble in various ways, ranging from an engaging and competitive player vs. player mode to multiple player vs. game modes. In its player vs. game modes, Meme Kombat leverages traditional odds mechanics to provide realistic and engaging gambling.
Whats more, the project boasts a staking mechanism, providing a 112% annual percentage yield (APY). This encourages community participation while bolstering supply and demand dynamics by reducing the available supply.
Another factor hinting at massive potential is that the $MK token is more than just a meme coin. Users require the $MK token to wager on battles, providing utility and a potential steady stream of demand.
With this in mind, Meme Kombat looks primed to surge following its exchange launch. However, with its presale selling out fast, investors looking to secure the best price should act quickly.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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COMTEX_441600292/2655/2023-10-08T12:25:00
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.