Fantom Flourishes with a 9% Leap Today; Could Meme Kombat's Presale Be the Next Big Splash?

Fantom Flourishes with a 9% Leap Today; Could Meme Kombat’s Presale Be the Next Big Splash?

Updated: 27 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Fantom (FTM) has significantly increased by 9% from its support level of $0.17. At the time of writing (12:22 p.m. EST), FTM is trading at $0.227370, marking a 13.8% increase in the past 24 hours.

Moreover, the token’s daily trading volume is $142 million, reflecting a substantial 73% increase. Furthermore, the weekly performance shows a noteworthy 23% increase.

Fantom is demonstrating a series of price surges, as evident from the consecutive green candlesticks on the daily chart. Following an extended period of decline, FTM has now successfully breached the descending channel, indicating sustained bullish momentum.

The 50-day Simple Moving Averages further confirm this bullish momentum by providing immediate price support. However, the 200-day SMA may be a resilient barrier, potentially lowering the price.

On the other hand, the relative strength index (RSI) shows an upward trend as the price bounces back from the 30-level mark, currently trading above 70 at 74. This suggests intense buying pressure from $0.17 to $0.23.

Fantom Sonic Coming

On October 24th, the testnet for Sonic, a significant upgrade, will go live for $FTM. Sonic is set to enhance Fantom’s throughput by a factor of 4, according to reports on Twitter (X).

Wow, that's a pretty impressive rally for $FTM! The upcoming launch of FantomSonic seems to have sparked investor interest in the token. And the expected 4X increase in output is definitely an exciting prospect.

— ZLATAN (@Travis3347) October 23, 2023

Fantom’s bullish investors are committed to making up for their losses, finding support in both the RSI and the 50 Simple Moving Average. If this momentum persists, they may set their sights on breaking the $0.33 resistance.

Nonetheless, bearish traders might capitalize on the 200 SMA to recoup their losses, potentially driving the price down to the $0.17 support level.

Meme Kombat Raises Over $790K, Nears End

Meme Kombat ($MK) represents an exciting new venture that cleverly blends gaming and memes, promising a unique fusion of entertainment.

This project unites your beloved meme characters, allowing you to engage them in battles and compete for coveted spots on the leaderboard. This ingenious concept caters to gaming enthusiasts and bettors, offering a dynamic and engaging experience.

So close!

Presale is going great fighters🔥$MK pic.twitter.com/5ZORH9oFHq

— Meme Kombat (@Meme_Kombat) October 20, 2023

At the time of writing, the Meme Kombat presale has already achieved an impressive fundraising milestone, amassing a remarkable $791,000, with just about $209,000 remaining to reach its $1,000,000 target.

For investors who seize the opportunity and join in early before the presale concludes, the chance to purchase 1 $MK token at the discounted rate of $0.1667 awaits. This presents a compelling opportunity, as it is anticipated that the token’s value will surge once the project officially launches, potentially yielding significant returns.

Check out our Price Prediction for Meme Kombat here.

Stake-to-Earn, High APY 112%

Investors seeking substantial gains without the hassle of price battles have an enticing opportunity in $MK tokens. The project, which has a fully doxxed team, offers a lucrative Annual Percentage Yield (APY) of 112%, available to presale participants.

Furthermore, you can generate passive income by staking your tokens in battles, reaping rewards when your chosen player emerges victorious.

The project’s commitment to longevity is evident, with plans for Season 1 launching immediately upon its debut, followed swiftly by Season 2 in December.

These details are clearly outlined in the project’s roadmap, which also delineates the allocation of $MK tokens: 50% for the presale, 10% for liquidity on decentralized exchanges (DEXs), 30% for staking and rewards, and 10% for community rewards.

Respected experts and influencers, including YouTuber CryptoGains, have shared their bullish perspectives on the presale, predicting the potential for a 10X increase in value for early presale investors.

To get in on the action, visit the official Meme Kombat website, connect your wallet, and buy $MK tokens using ETH or USDT. Moreover, if you want to minimize gas fees, you can purchase tokens on the BSC network using BNB or USDT.