Despite the market’s brief pullback over the past 24 hours, one crypto is continuing to push ahead, having surpassed $1.1 million in its presale.
The project is called Meme Kombat, a utility-driven meme coin enabling users to gamble on the outcome of AI-generated battles between infamous meme characters.
The quirky use case incorporates sophisticated gambling mechanisms to provide a realistic and engaging gambling experience while also enjoying the viral allure of meme coins. This presents massive bullish potential for the project, as highlighted by several top crypto analysts.
Experts Back Meme Kombat to 100x, Could This Become the Next Pepe?
The meme coin market can be challenging to navigate, but when several respected analysts all rally behind one project, it becomes evident that something special is brewing.
In this case, it is the Meme Kombat presale, with analyst Jacob Bury speculating it could 100x following its IEO. Bury is a renowned crypto gem hunter, often picking up on presales before they explode. For instance, he was one of the first to cover Wall Street Memes, which did a 3x after raising $25 million in its presale.
YouTuber Crypto Boy also called Meme Kombat a “100x presale”, noting the project’s innovative use case and the fact that it boasts a doxxed team as reasons why.
A doxxed team is a significant advantage for Meme Kombat, given that meme coins often lack transparency. One of those is Pepe, where ex-team members stole $15 million from the project’s multi-signature wallet in August, causing the token to plunge over 50% as investors lost confidence.
Moving back to analyst predictions, BigCityCrypto holds an even more bullish outlook than those mentioned above. The popular YouTuber uploaded a video titled ‘1000x gem’ for his 364k subscribers.
If correct, this would turn a $1,000 investment into an eye-watering $1 million. The YouTuber, who boasts 364K subscribers, highlights its 112% APY staking mechanism as a massively promising feature.
Meanwhile, Arabic-speaking influencer Crypto Cat has also picked up on Meme Kombat, backing it to 100x to her 116K YouTube subscribers.
Another analyst to cover Meme Kombat is TheDailyMemeCoin, predicting 100x returns and dubbing it the “best crypto to buy now.” The video also points out that Meme Komat’s token distribution puts 100% of the tokens in the hands of the community, enabling sustainable, long-term price action.
New presale i am bring some awareness too .. Legends at @Meme_Kombat who are an innovative new gaming platform designed for hardcore gamers.— Crypto Tony (@CryptoTony__) September 28, 2023
– Doxxed team ✅
– $100,000 raised already ✅
– Passive staking ✅
– AD / NFA / DYOR ✅
– Presale link : https://t.co/TWAEnq5WG0
– TG :… pic.twitter.com/r6xtdbBmeX
Lastly, prominent analyst Crypto Tony has rallied behind the presale, noting its doxxed team, early presale success, and passive staking rewards as reasons it could explode.
Meme Kombat Presale & Tokenomics
While such backing from analysts hints at a bright future, it also means that the presale is likely to sell out quickly, leaving investors with little time to buy $MK for the cheapest price.
The presale has raised over $1.1 million in just over one month. It is now in its second stage, priced at $0.189 per token, but this will rise in five days or when the total raise hits $1.5 million.
$MK is an ERC-20 token, and the presale accepts ETH and USDT, or you can pay with BNB using the Binance Smart Chain.
50% of Meme Kombat tokens have been allocated to the presale at memekombat.io, with 10% allocated to DEX liquidity, 30% to staking rewards, and 10% to community rewards.
The token is required for engaging with the platform and staking, providing two significant streams of utility-driven demand. Moreover, the project’s meme coin allure, combined with its focus on community rewards, could see it enjoy tremendous speculative and hype-driven demand, too.
However, with the presale price set to rise shortly, market participants seeking the lowest price must act quickly.