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The Snek price has skyrocketed by 38% in the last 24 hours to trade at $0.001784 as of 12:15 a.m. EST as the token’s market cap surged past $10 million.
Among the top 500 crypto on @CoinMarketCap $SNEK is in the top 10 gainers for daily, weekly and monthly 🤯
➡️ #5 in 24h (+28%)
➡️ #8 in 7d (+88%)
➡️ #6 in 30d (+538%)The only other crypto wih similar performance is $BONK pic.twitter.com/DXn6PkWkkK
— Goofycrisp (@goofy_crisp) December 15, 2023
Snek Price Prediction
Looking at 1-hour SNEK/USDT charts, the Snek price is poised for a bullish short term. The Relative Strength Index indicator is northbound as it heads for the overbought region. This shows buying pressure on the Snek price, with the price expected to continue pumping.
The MACD indicator is also moving towards the green zone, showing fading bearishness on the Snek price.
The 50-period moving average has also exceeded the 200-period moving average, showing buying pressure on the meme coin. The Snek price has also broken out above its price range, asserting a bullish short-term on the Snek price.
Looking at volatility, the Bollinger Bands are diverging, showing high volatility levels on Snek. This can be attributed to increasing trading activities that have seen the token’s trading volume surge by 116% in the last 24 hours.
Meanwhile, as the Snek price pumps, the new Meme Kombat presale is garnering much attention from investors, with the presale surpassing expectations. The MK token presale has now raked in more than $3.5 million.
$MK is reaching new heights and taking the #memecoin world by a storm. Buy into the presale now! https://t.co/2x2FvsuR61
— Meme Kombat (@Meme_Kombat) December 16, 2023
Snek Price Prediction: Is MK A Better Meme Coin Bet?
Meme Kombat stands out as a unique venture, offering a platform where users can wager on battles between meme characters. This innovative approach combines gaming and betting, tapping into the lucrative markets of GameFi and gaming tokens.
Meme Kombat aims to capture the attention of existing communities and capitalize on their enthusiasm for meme coins. The project introduces a captivating business model that appeals to existing meme currency communities.
The project’s unique blend of battling meme characters and a betting ecosystem adds an exciting user dimension. Season 1, featuring 11 meme characters, including famous names like Doge and Shiba, will be available after the presale. Season 2 is already in the works, with plans to include characters like BONG.
Pre-Sale Benefits and Anticipated Returns
Investors can earn a substantial Annual Percentage Yield (APY) of 266%. Early involvement also grants the privilege of using Meme Kombat tokens before the official launch, allowing users to stake their tokens immediately and benefit from the potential APY.
With 69% of the sold MK already staked, there is a reduced risk of short-term sell pressure. Holders must retain their tokens for a minimum of seven days following the coin’s debut.
Meme Kombat has attracted the attention of YouTube crypto analysts, who are eyeing the project for its potential returns for early investors.
Described by some as the next Pepe, Meme Kombat has garnered praise for its unique features. The anticipation is high, with one presale reviewer projecting a significant ten times profits at launch.
Meme Kombat’s token distribution includes 50% of the total supply during the ICO. Community incentives, decentralized exchange liquidity, and staking/fight rewards receive 10%, 10%, and 30%, respectively.
Meme Kombat’s smart contract has undergone a comprehensive security assessment, providing confidence to potential investors.
Recognizing the importance of community strength, Meme Kombat excels in comedy and artwork and offers practical value as a unique fighting arena combining gaming, gambling, and meme currency themes.
As Meme Kombat’s presale progresses, the project continues to generate buzz and excitement within the cryptocurrency community, positioning itself as a promising venture with the potential for significant returns for early investors.
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