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The Pepe price has plunged by 10% in the last 24 hours to trade at $0.000001244 as of 8:22 a.m. EST.
This comes after Justin Sun withdrew $76.7K worth of the meme coin.
Justin Sun withdrew 127,510 $LINK($1.85M), 202,385 $STORJ($200K), 53.68B $PEPE($76.7K) and 13,904 $DYDX($43K) from #Binance 1 hour ago.https://t.co/gt2NZlnGc1 pic.twitter.com/akK7X2huVI
— Lookonchain (@lookonchain) December 16, 2023
Pepe Price Prediction
Looking at 2-hour PEPE/USDT charts, the 200-period moving average has exceeded the 50-period moving average to form a death cross. This shows selling pressure on the meme coin as bulls face resistance at $0.0000014.
The Relative Strength Index indicator is also in the oversold region, showing bear action on the token as the MACD moves in the red zone.
The Pepe price is volatile, as shown by the Bollinger Bands, which are presently diverging. These levels are, however, likely to drop in the short term due to decreasing trading activities that have seen the token’s trade volume drop by 8% in the last 24 hours.
PEPE/USDT chart | Source: TradingView
Meanwhile, as the Pepe price plunges, Meme Kombat’s MK token, currently in presale, is taking the meme coin arena by storm. The token presale has now garnered over $3.7 million in sales.
We're closing in on $4 million raised👀
Already passed $3.7 million! $MK pic.twitter.com/qRZbWYwfaK
— Meme Kombat (@Meme_Kombat) December 18, 2023
Pepe Price Prediction: Is MK The Pepe Coin Killer?
Meme Kombat is a distinctive venture, allowing users to bet on battles between meme characters. This innovative approach capitalizes on the thriving GameFi and gaming token industries by merging gaming and betting experiences.
The project aims to attract existing communities passionate about meme currencies, presenting an intriguing economic strategy that resonates with meme enthusiasts.
Meme Kombat introduces an engaging user layer by combining a betting environment with dueling meme characters. Season 1, post-presale, features 11 meme characters, including popular ones like Doge and Shiba, with plans for Season 2 underway.
Investors enjoy an impressive Annual Percentage Yield (APY) of 239%, and early participation grants access to Meme Kombat tokens before the official launch. Staking options are available, reducing short-term sell pressure as 74% of MK sold is already staked.
YouTube cryptocurrency analysts express interest in Meme Kombat due to potential profits for early investors. Jacob Burry predicts a tenfold surge, dubbing it the new Pepe with distinctive features.
Half the supply is distributed during the ICO, with staking/fight prizes allocations, decentralized exchange liquidity, and community incentives. The smart contract has passed rigorous security evaluations, providing peace of mind to prospective investors.
The project excels in humor and artwork, emphasizing the importance of a strong community. Positioned as a promising project, the ongoing presale is generating an increasing buzz in the cryptocurrency space.
Meme Kombat, with its unique blend of gaming, gambling, and meme elements, holds promise for substantial rewards, making it an attractive opportunity for early investors. So, with the Pepe price plunging, Meme Kombat’s MK could be your alternative meme coin.
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