While THORchain Hammers Down with a 10% Leap, Meme Kombat's Presale Forges Ahead as a Tempting Prospect

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THORChain (RUNE) has experienced a resurgence in its price, with a significant 10% increase, drawing in an increasing number of buyers and traders.

The impressive performance of ThorChain (RUNE) may be attributed to the recent surge in Bitcoin, which contributed to THORChain’s highest-ever monthly trading volume of 2.4 billion.

During the third quarter of 2023, THORChain stood out as the leading performer, showcasing a 113% surge in volume. Its daily trading volume has reached $303 million, reflecting a 143% increase.

6/ DEXs see 31.2% drop in spot trading volume 💱

• Spot trading volume on top 10 DEXs totaled $105B, representing a -31.2% drop from Q2.
• @THORChain was the largest gainer in 2023 Q3, with volume climbing 113%, while @SushiSwap fell out of the top 10 in the same period. pic.twitter.com/dCYaAFubWR

— CoinGecko (@coingecko) October 24, 2023

As of 7:09 a.m. EST, RUNE is trading at $2.19, demonstrating a 13% surge over the past 24 hours.

Can RUNE Break Above Ascending Triangle?

RUNE has begun an upward trajectory, and although there’s a chance of surpassing the $2.26 level, it’s crucial to be aware that a correction at this stage could trigger a downtrend, potentially favoring the bears.

RUNE/USD Chart Analysis. Source: Tradingview.com — RUNEUSD Chart Analysis. Source: Tradingview.com

Currently, the token is trading at $ 2.20, marking a 13% increase over the past 24 hours. Additionally, its weekly performance registered a significant 37.8% rise.

The price of RUNE has shown a significant rebound as it robustly recovers from the lower trendline of the ascending triangle pattern. This rebound implies the possibility of the bullish trend persisting, offering the bulls the impetus to break through the triangle’s upper boundary, with a potential target at $3.01.

RUNE benefits from the support of both the 50-day and 200-day moving averages, enhancing its upward price momentum with values of $1.33 and $1.74, respectively. This support has spurred bullish investors, pushing the price closer to breaking above the upper boundary of the ascending triangle pattern.

Moreover, the Relative Strength Index (RSI) has rebounded from below 39 and crossed the 50 level, surging well beyond the overbought threshold of 70 to settle at 71. This indicates a notable increase in buying pressure.

The overall trend for RUNE remains bullish, evident in the alignment of the simple moving averages and the RSI. This favorable configuration drives the bulls to target a new high at $3.12.

Nonetheless, the upper boundary of the ascending triangle could create an opportunity for bearish activity, potentially causing a price decline to the $1.74 support level, which aligns with the 50-day Simple Moving Average.

Buyers may seek refuge at around $1.52 if the price drops below this level.

Investors in Meme Kombat are reaping very high Annual Percentage Yields (APY) from their staking endeavors. This underscores Meme Kombat’s status as a preferable option compared to RUNE.

Meme Kombat’s Presale Price Set to Jump – Buy Now

Meme Kombat’s presale has generated considerable interest within the meme coin community, surpassing the $600,000 threshold in funding.

With just 9 days left, investors are rushing to buy the token owing to its price rise to $0.1833 on November 2.

🔥 #MemeKombat UPDATE 🔥

Staged Presale = ON

▪️ NOW: 0.1667 USD
▪️ Nov 2nd: JUMPS to 0.1833 USD

The timer is set! Secure your $MK before the rise! ⏰ pic.twitter.com/LMreT8M2Ce

— Meme Kombat (@Meme_Kombat) October 23, 2023

The presale for Meme Kombat is swiftly closing in on its $1 million target, with only $300,000 remaining to reach this noteworthy milestone.

This accomplishment comes from a prosperous presale campaign that amassed $678,325.03. This highlights the considerable investor enthusiasm for the token presale, making it even more attractive to potential investors.

Furthermore, during the presale stage, participants can use their tokens on the MK platform to engage in contests that revolve around the world of memes, offering opportunities to secure rewards. The platform also provides a variety of betting options.

Join Mk Staking and Season 1 Kombat, Earn Rewards

Meme Kombat is a groundbreaking gaming platform created to cater to gaming enthusiasts, offering a range of rewards for both active betting and passive staking users.

The Meme Kombat’s staking-to-earn and play-to-earn programs offer an impressive annual yield (APY) of 112% to investors who stake. A significant portion of the token supply, 30%, is allocated for staking and battle rewards.

Through thick and thin, Meme Kombat will be a constant in your life💪 pic.twitter.com/HhXhVG2r0B

— Meme Kombat (@Meme_Kombat) October 23, 2023

The inaugural battle season (Season 1) will commence shortly after the platform’s launch, showcasing showdowns between 11 renowned crypto memes like DOGE, SHIB, and PEPE.

This season is the cornerstone for continuous gameplay, drawing in users, and promoting community involvement.

Meme Kombat will unveil Season 2 in December, presenting fresh battles, incentives, and avenues to solidify its position in blockchain gaming.

For comprehensive insights into Meme Kombat and the advantages of staking, Oscar Ramos, a YouTuber with 55.2k subscribers, has produced concise video reviews, passionately endorsing Meme Kombat.

In his videos, Oscar delves into the workings of Meme Kombat and elucidates the benefits individuals can reap from its staking functionality.

To participate in the Meme Kombat Tokens’ presale, you can visit the official Meme Kombat website, where you can buy $MK tokens using ETH, BNB, or USDT (ERC-20 and BEP-20).