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Traders Are Saying This New Meme Coin Could 10X After Raising $8M Through ICO – CoinGape

Emerging presale Meme Kombat is backed for 10x gains by numerous prominent traders. 

The project’s ICO has gotten off to an explosive start, raising $8 million with a $10 million hard cap. This leaves limited time for those looking to buy at a fixed, discounted price before its IEO.

While in its presale, investors can purchase $MK from the project’s website using ETH or USDT. Tokens will be locked until the presale ends, and then investors can claim them on the Meme Kombat website.

Experts Forecast 10X Returns on Meme Kombat Presale

The early success of Meme Kombat’s presale raised many eyebrows among leading market experts.

In response, Jacob Bury dubbed the project “the next 10x potential crypto.”

Bury explained in a recent video, “The meme coin market is on fire right now… we are seeing a lot of meme coins pump exponentially… but there is one meme coin right now that I think is quite special.”

He then explains Meme Kombat’s unique benefits, ranging from its unprecedented use case to robust tokenomics and doxxed team.

But Bury is not the only analyst bullish on this emerging meme coin. Prominent YouTuber Mathew Perry told his 208K subscribers, “This might be your next 10x gem.”

The project has also been backed to explode in prominent media publications like CryptoPotato, Cointelegraph, and Analytics Insight.

“One of the Coolest and Most Entertaining Crypto Projects”

Another analyst bullish on Meme Kombat is Austin Hilton. The YouTuber has provided significant exposure by covering Meme Kombat multiple times on his channel with 244K subscribers.

In a recent video, Hilton said Meme Kombat is “one of the coolest and most entertaining crypto projects” he had ever seen.

The analyst references Meme Kombat’s use case, which lets users gamble on AI-generated battles between meme coin characters.

There are several game modes, and it leverages traditional odds mechanics, making for a fair and realistic gambling experience.

This creates a fun-filled, culturally relevant alternative to existing crypto-gambling projects. However, Hilton focuses on its allure to the meme coin community.

“The different meme figures fight each other… so you can stake, play, and get rewards.”

According to Hilton, incorporating meme characters provides a “really cool angle.” In another video, he explained that it could attract members of different meme coin communities to play and support their respective meme coin mascots.

Utility Meme Coin Narrative Often Sees Explosive Gains

In today’s hyper-competitive meme coin market, the best way for projects to stand out is through unique utility.

Some examples of successful utility-based narratives include: Dogecoin when Elon Musk released X payment; Shiba Inu leading up to the Shibarium release; Myro’s trading bot; and Gorilla token after its recent presale launchpad announcement.

Moving to Meme Kombat, its AI-powered, GambleFi use case provides $MK with significant utility, translating to high demand if the platform becomes popular.

Furthermore, the project offers staking, adding another utility-driven demand stream to $MK.

Combining this its viral meme coin allure forges a solid narrative. This is already gathering pace among leading market experts and early presale investors. 

Meme Kombat Staking and Tokenomics Explained

The Meme Kombat staking mechanism is live, so presale investors can stake their tokens and earn a yield immediately. It currently offers a 118% APY, but this will decrease as the staking pool grows.

According to the Meme Kombat staking dashboard, 80% of the $MK supply is already staked, and 7,095,949 $MK have been paid out in staking rewards. Based on its current price of $0.279, this equates to $1,979,769 in rewards.

50% of $MK tokens have been allocated to the presale, 10% to DEX liquidity, 30% to staking and battle rewards, and 10% to community rewards.

This puts 100% of the $MK tokens in the community’s hands, making for a decentralized token distribution, laying the way for long-term, sustainable price action.

Visit Meme Kombat Presale


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