Join Our Telegram channel to stay up to date on breaking news coverage
The frog-themed meme coin Pepe (PEPE) has continued to show resilience in the market, outperforming key players like Dogecoin (DOGE) and Shiba Inu (SHIB). Although still trading in a tight range between $0.0000006 and $0.00000078 for the last three weeks, Pepe is up 3% to $0.00000069 today.
Meme Kombat Presale Raises $59k
As Pepe price consolidates in a tight range awaiting the next breakout, the newest meme coin kid on the block, Meme Kombat, is rising. Although live only for a few days, its presale is taking off with more than $59k raised.
The $MK presale is officially live!
🚶Go to our site
🤝Join our Telegram
🫶Turn on notificationsIt's time to prepare for Kombat 🥷 pic.twitter.com/SrrnD6kwjm
— Meme Kombat (@Meme_Kombat) September 21, 2023
Unlike other meme coins that launch without any tangible use cases, Meme Kombat is an innovative blockchain network designed to combine the power of memes and play-to-earn (P2E). The team believes that building on the Ethereum blockchain allows for developing a unique and engaging experience.
At the core of the P2E and gaming ecosystem is the Meme Kombat Token ($MK). The token is used to facilitate activities on the network, including serving as the currency of the Meme Kombat arena game to automate battles, wagering, and staking for users to earn passive income.
Investing in the Meme Kombat presale sets investors up for success thanks to an innovative program allowing the tokens bought to be staked automatically and earn rewards.
Meme Kombat has a place for everyone in the crypto market, including those interested in betting. This allows users to take key positions on battles whether actively playing or watching from the sidelines.
Half of the 12 million tokens making up the total supply of $MK are available for purchase during the presale. The proceeds from the presale will be used for various purposes, including raising the initial capital, building the community, and establishing the project in the market.
Staking and battle rewards account for 30% or 3.6 million tokens. Meme Kombat believes in incentivizing community participation through staking and battle rewards.
Listing on decentralized exchanges will be supported by 10% or 1.2 million $MK of the total supply, while community rewards take up the remaining 10% or 1.2 million $MK tokens.
Memecoin @Meme_Kombat $MK token strikes a presale.
Meme Kombat is a P2E game featuring battle arenas and popular internet memes.
Read more ⤵️ https://t.co/Eh4ViVxNPm
— Crypto Gambling News 🎲 (@cryptogamblingx) September 25, 2023
Participating in the presale has been simplified for both ardent and novice investors. The only requirement is to have a crypto wallet and load it up with either ETH, USDT on the Ethereum blockchain, BNB, or USDT on the Binance Smart Chain (BSC).
Pepe Price Consolidates as Breakout Beckons
Pepe price is mainly in bullish hands, supported by a positive outlook and a buy signal from the Moving Average Convergence Divergence (MACD) indicator. The call to investors and traders to buy PEPE manifested with the blue MACD line flipping above the signal line in blue.
However, it will take more than a buy signal to convince traders to hold onto their buy orders, considering the sideways trading, including the push to turn the 21-day Exponential Moving Average (EMA) (red) at $0.0000007144 from resistance to support. With such support, Pepe Bulls could launch the next attack on the range limit and push for a big breakout.
A subsequent break above the multi-month descending trendline would mean a stronger bullish comeback and the beginning of the run-up into the bull market.
However, the SuperTrend indicator’s position above Pepe’s price shows that it is premature to hope for a major trend reversal, with the volatility favoring sellers now.
Like the moving averages, the SuperTrend overlays the chart but taps the readings of the average true range (ATR) to gauge market volatility. Flipping above Pepe price is a signal to sell, while trailing the token on the chart is a call to rally behind the bulls.
Wobbling within the range implies that sideways trading will continue. In contrast, a break below the range support may invalidate the anticipated recovery and possibly trigger a sell-off to $0.0000005 or further down to $0.00000038.
Pepe Alternative – Bitcoin BSC
Investors considering a comprehensive crypto portfolio may pique interest in another relatively new crypto project, Bitcoin BSC (BTCBSC). This project has been designed to mimic the journey of Bitcoin (BTC) on the Binance Smart Chain (BSC).
Participating in this presale gives investors a rare chance to buy ‘BTC’ at $0.99 – much like going back in time to take advantage of a missed opportunity.
The project promises faster transaction speeds, lower fees, and transaction confirmation in just five seconds compared to Bitcoin’s average of 10 minutes.
BTCBSC is rolling into the market in a presale that has raised $5 million, selling each token at $0.99. Investors can buy into the presale using BNB, USDT, or Ethereum.
Related Articles
- Hong Kong To Publish List of Suspicious Crypto Platforms Following JPEX Scandal
- Bybit Suspends UK Services As New Regulations Loom
- Wall Street Memes Presale Ends in Less Than 10 Hours — Biggest Meme Coin ICO Raise in History
Join Our Telegram channel to stay up to date on breaking news coverage
