Pepe Coin Price Surge vs Meme Kombat: Who Leads?
Pepe (PEPE) holders have had a fantastic week, with the token’s price increasing by 93% since last week.
Given the rapid growth of PEPE, investors and analysts are currently arguing how far the token may soar until the end of 2023.
Meanwhile, fellow meme coin Meme Kombat (MK) is continuing to attract attention during its presale period — and is expected to see a price increase once it makes its exchange debut.
After Bouncing off Support, the Value of Pepe has Risen to a Two-month High
The price of Pepe Coin is presently hanging at $0.0000012, its highest level since August 16. On October 19, PEPE jumped from support to roughly $0.000000625 and then exploded. PEPE has finished in the green in five of the previous six days after rejecting that level, and it has comfortably exceeded its 50-day Exponential Moving Average (EMA).
Spot trading volumes have increased by more than 80%, reaching $494 million per day, making PEPE the world’s second most-traded meme coin. The currency has even led CoinMarketCap’s list of hot cryptocurrencies, surpassing market titans like Bitcoin, Chainlink, and Solana.
Most investors were shocked by PEPE’s ability to recover from its recent setbacks, given that the coin’s price had been in a downward trend since early July. Some analysts even pronounced PEPE to be “dead,” yet this extraordinary turnaround demonstrates that tremendous demand for the coin still exists.
PEPE Facing Uphill Battle to Maintain Massive Price Boom
Given the nature of PEPE’s unexpected ascent, investors are now wondering how far the token may go. Technically, the next big resistance zone is at $0.00000145, meaning a 19% increase from today’s price.
If PEPE can close above that zone with a bullish daily candle, the way back to July’s highs seems apparent. Furthermore, PEPE’s developers recently performed a large token burn to lower the circulating supply, burning 6.9 trillion tokens worth around $5.5 million.
This fire lowered overall supply by 1.6%, which might increase price pressure if demand remains steady. However, PEPE, like every meme coin, has drawbacks, such as the ephemeral nature of investor excitement and the lack of long-term usefulness.
So, while the short-term prognosis appears good, PEPE’s return to all-time highs will be difficult to sustain — but investors will enjoy it while it lasts.
Is Meme Kombat the Next Token to Float? Ahead of the DEX Listings, a Pre-sale Rides Viral hype and Raises $730,000
While Pepe currency is riding the newest meme currency hype wave, another newcomer named Meme Kombat (MK) appears to be well-positioned to capitalize on rising interest in the field. Meme Kombat combines two of crypto’s biggest trends, meme currencies, and Play-to-Earn (P2E) games, to create a one-of-a-kind experience.
Users may wager MK tokens in AI-powered bouts between popular meme coin characters, with the winners receiving big prizes. Furthermore, MK holders can contribute their tokens to the staking pool and earn 112% APY. This viral notion has drawn a lot of attention to Meme Kombat’s current presale, which has now raised more than $730,000.
Early investors may get MK tokens for $0.1667 through this presale, albeit because of the stage-based strategy, this pricing is only accessible for another seven days. Meme Kombat’s attractiveness is enhanced by the fact that the crew is completely doxxed and directed by Matt Whiteman, who has substantial expertise in the Web3 arena.
Closing Thoughts
Coinsult has also inspected Meme Kombat, confirming that the project’s smart contracts are bug-free. These factors combine to distinguish Meme Kombat from the hundreds of no-utility coins that enter the meme coin industry each week, which is why many early investors expect MK to 10x once it is launched on exchanges later this year.
