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Pepe price plunged 4% in 24 hours as the meme coin faces minor corrections from its recent rally. The token traded at $0.000001151 as of 9 a.m. EST.
Pepe (PEPE) is, however, up 14% for the week, driven by the market uptick that saw meme coins thrive on enthusiasm over possible approval for spot Bitcoin ETFs.
A frenzy of crypto-based memes like Pepe Coin have gained fresh momentum last week as Bitcoin rallied https://t.co/tO8Qz12cZ7
— Bloomberg Crypto (@crypto) October 29, 2023
Pepe Price Prediction
Pepe, despite making waves in recent months amid massive hype from whales and the crypto community at large, has an uncertain outlook as indicators point to a likely bearish trend.
Looking at 4-hour PEPE/USDT charts, the 15-day moving average has exceeded the 5-day moving average, forming a death cross. This indicates bear activity on Pepe price, which backs the prospects of a bearish future.
The Relative Strength Indicator is on a downward trajectory as it moves below the average line. The MACD also currently moves in the red zone. Both of these indicate bearishness on Pepe as bears now look to push back to the oversold region. The Bollinger Bands are close to each other, indicating low volatility levels on Pepe price.
However, as the future for Pepe price remains uncertain, Meme Kombat’s new MK meme coin could be a suitable alternative for Pepe.
MK, currently in pre-sale, holds in store the potential for massive gains in the future as investors place their trust in the token.
Meme Kombat Achieves $900K in Pre-sale Funding
The Meme Kombat (MK) project has made significant strides, with its presale fundraising reaching over $900,000. The project, which merges cryptocurrency betting, memes, and PvP combat, has captured the attention of enthusiasts and investors alike.
The $MK presale has passed $900k raised🙌
LFG fighters! We are so back! pic.twitter.com/Wb4Wi3T78c
— Meme Kombat (@Meme_Kombat) October 31, 2023
However, amid the growing hype, investors must remain cautious of scams. Despite recent scammer attacks, the MK community remains resilient and determined to navigate the challenges. The team encourages users to exercise caution, emphasizing their commitment to pushing the project to new heights.
Major attacks from scammers in the past couple days. Be wary fighters⚔️
It just means we're reaching new heights🚀 $MK pic.twitter.com/6gYxiJIGtl
— Meme Kombat (@Meme_Kombat) October 31, 2023
Meme Kombat (MK) offers a unique gaming experience, enabling players to bet on battles between meme icons like Wojak, Pepe the Frog, and DOGE, utilizing MK tokens. AI technology drives these randomized battles, ensuring an engaging and dynamic gameplay environment.
Meme Kombat’s Presale Dynamics
With a planned circulation of 10,000,000 MK tokens, the presale allocation of 500,000 tokens for $0.1667 each has generated substantial interest. The recent achievement of over $900,000 in presale proceeds underscores the project’s potential to disrupt the rapidly expanding crypto-gaming sector.
Under the leadership of Matt Whiteman, the Meme Kombat development team is dedicated to expanding the game’s scope. Plans include the introduction of new game modes, characters, and innovative strategies for rewarding MK users, fostering an engaging and evolving gaming ecosystem.
As the Meme Kombat (MK) project continues to gain momentum, the team remains focused on delivering a ground breaking gaming experience that leverages the unique allure of cryptocurrency and meme culture.
Pepe, the undisputed meme coin king of 2023, may yet be dethroned by MK, so its pre-sale is an opportunity not to be missed.
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