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The Shiba Inu price has pumped by 25% over the past month to trade at $0.00001049 as of 7:00 a.m. EST.
Austin Hilton, an analyst with 242K subscribers on YouTube, sees even better times ahead. He predicts the Shiba Inu price will skyrocket almost 300% to hit $0.0000417 this month.
Shiba Inu Price Prediction: Is MK The Better Meme Coin?
But an analysis of 2-hour SHIB/USDT charts shows that the Meme Coin could still be far away from another pump. These indicators point towards a plunge in the short term.
The Relative Strength Index indicator is headed south as it enters the oversold region, showing mounting selling pressure on the token.
The MACD indicator has also maintained movement in the red zone, which shows bear dominance.
The 200-period moving average has exceeded the 50-period moving average to form a death cross. This also shows selling pressure on the token, with a continuous plunge imminent in the short term.
Shiba Inu 2-hour chart | Source: TradingView
Meanwhile, as the Shiba Inu price heads toward a plunge, Meme Kombat’s MK token is emerging as great meme coin alternative as more investors embrace the token in its presale stage. The token presale has already gathered more than $5.8 million as it races towards its $6.5 million target.
Shiba Inu Price Prediction: Is MK The Better Meme Coin?
Meme Kombat distinguishes itself through the unveiling of an AI-driven gaming battleground where renowned meme personalities such as Doge, Shiba Inu, and Pepe partake in legendary clashes. During the ongoing presale, users can employ the MK token to enter algorithmically generated bouts.
We're making our way to $6 million raised🚀
Just passed $5.8 million and going strong! pic.twitter.com/8XndpsSCuo
— Meme Kombat (@Meme_Kombat) January 3, 2024
Participants have the potential to reap rewards through long-term investments, securing a substantial annual percentage return of 161%.
While the Shiba Inu price heads towards a plunge, distinctive gameplay, enticing buy-and-hold incentives, and viral meme culture’s infectious charm are making Meme Kombat a compelling competitor in the meme coin space.
The founding team, spearheaded by seasoned cryptocurrency gaming expert Matt Whiteman, enhances the company’s prospects. Investors and players alike appreciate the team’s innovative play-to-earn gaming concept, seamlessly blending amusement with purpose.
Token Allocation
Half of the tokens are designated for presales, with the remainder allocated to ongoing network maintenance, underlining the team’s dedication to long-term sustainability.
Meme Kombat aims to diversify user holdings by fusing cutting-edge technology with popular culture, crafting an immersive gaming experience. Both casual players and substantial liquidity providers are enticed by the game’s dynamics and passive revenue opportunities.
The excitement surrounding Meme Kombat intensifies as the initiative combines practical utility with viral social interests, creating a platform poised to garner enthusiasm and investment.
Meme Kombat establishes itself as a formidable presence in the rapidly expanding gaming and web3 sectors, featuring creative memes, AI-simulated action, and betting opportunities.
Industry experts, including YouTuber Jacob Bury, foresee a potential 10x spike on launch. For those seeking explosive gains in alternative meme coins, visit Meme Kombat here.
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