Meme Coins Still A Good Buy: PEPE Price Rises As Whales Reaccumulate, Meme Kombat Presale Hits $125,000 Mark

PEPE coin has been one of the largest and most successful meme cryptocurrencies since its creation in Q1 2023. 

However, after a huge pump in April and May, PEPE hit a roadblock starting on September 9, 2023 when several of its social media accounts were compromised. While PEPE has suffered some setbacks from a security breach, the price is now starting to recover.

In this article we look at a potential Pepe price prediction for the day ahead and continue our coverage of new meme coin Meme Kombat, which we first reviewed earlier this month.

PEPE Coin Price Recovers After Speculation Around Whale Buying

The PEPE coin Telegram channel, subreddit, X account, and other profiles were taken over in a hack earlier this month. This caused immediate panic selling as holders rushed to unload their coins. Within the first day, the PEPE price declined 22.78%, falling from $0.00000079 down to $0.00000061.

Over the next two weeks between September 9 and September 21, the $PEPE price struggled to regain its footing. The coin price continued drifting lower, hitting a bottom of $0.00000061 briefly on September 21. PEPE had shed over 35% of its value due to the exploit.

However, the trend reversed sharply on September 22 which saw PEPE coin gain 19.67% within a single day, rising from $0.00000061 to $0.00000073, sparking speculation that insider buyers were accumulating the dip. PEPE coin also started trending on crypto social media as traders noticed the sudden surge in trading volume.

In the days after the pump, PEPE coin managed to consolidate between $0.00000073 and $0.00000062. This range has provided support with PEPE avoiding any substantial corrections despite broader crypto market volatility.

Pepe coin price today, via CoinMarketCap

And today, PEPE token has seen another surge of over 10% and right now the coin is fighting with $0.0000008 resistance and is trading around this level. This is the first time PEPE price went above this resistance level since September 1st.

Pepe Price Prediction - PEPE Whale Buyer Sparks Interest

According to on-chain analytics provider LookOnChain, a whale PEPE trader seems to be behind the recent price action. This anonymous trader allegedly turned an investment of just $60 into $2.34 million earlier this year – a staggering 38,860x return. 

LookOnChain reported this whale recently spent 390 ETH (around $645,000) to buy more PEPE on September 29. Additionally, this same PEPE whale had previously purchased 1.04 trillion PEPE tokens on August 29 for 550 ETH (around $951,000). 

Many speculate the buyer has insider knowledge of the project or is intentionally pumping the price. However, it’s also possible they are simply making speculative bets using thorough technical analysis.

Regardless of the reason, this whale activity demonstrates the potential for explosive upside in meme coins. Due to their relatively low market caps, it only takes a few major buyers to ignite a rally. PEPE traders will be closely monitoring this whale address along with the current resistance zone around $0.0000008.

PEPE Token Shows Signs of Strength

After weathering an exploit and selloff, PEPE token appears to be strengthening. Its ability to bounce back thanks to renewed hype highlights the unusual power of speculation in the crypto sector. Meme coins like PEPE can gain or lose hundreds of percentage points based on rumors, influencer tweets, or technical milestones. 

As one of the most watched meme coins, the PEPE price will likely continue experiencing high volatility as traders try to profit from the swings.

New Meme Coin Meme Kombat Generates Excitement

Meme Kombat is a new gaming platform built around meme-based battles and tournaments. The project incorporates both passive staking rewards and active gameplay earnings, providing multiple ways to win.

The $MK token powers the Meme Kombat gaming ecosystem. Players can buy and stake MK to earn staking rewards along with betting on battles. These meme battles will feature PvP battles against other users as well as PvGame matches versus the platform itself. $MK holders can also earn prizes and rewards by participating across the platform, which include Pepe-themes.

According to the development team, Meme Kombat wants to make meme coins more interactive and fun. Rather than just trading static meme tokens, users can engage with a gaming platform dedicated to memes. The concept has resonated with many crypto investors who are participating in the ongoing $MK presale.

In the first few days, Meme Kombat attracted over $125,000 in presale funding. The current $MK price is $1.667, although it could increase as the presale progresses. The team aims to raise at least $1 million to cover initial development and operations.

Half of the total 10 billion MK supply is allocated to the public presale. Another 30% will fund staking rewards, the gaming prize pool, and an insurance fund to maintain token stability. The remaining 20% will support liquidity and community initiatives.

Those who participate in the presale will automatically stake their tokens, earning staking rewards. However, these rewards will only be claimable after the presale finishes and users re-stake their tokens. This mechanism encourages long-term holding rather than quick dumping.

Presale Purchases Auto-Stake with APY Rewards

As mentioned, during the Meme Kombat presale, every $MK purchase will automatically stake the purchased tokens. This auto-staking mechanism allows buyers to immediately start earning staking rewards in the form of an APY yield.

Once the Meme Kombat staking page launches, users will be able to view their staking APY earnings. To ultimately claim the staking rewards, each wallet will need to re-stake their available $MK tokens for at least one full locking period after the presale concludes.

Following the end of the presale, $MK holders can re-stake their allotment of tokens and take advantage of the accrued staking rewards. This process incentivizes longer-term holding of $MK rather than quick selling immediately after the presale.

Wagering Mechanics for PvP and PvGame Battles

Wagering and betting functionality sits at the core of the Meme Kombat gaming experience. Users will be able to bet on match outcomes and in-game events across various wagering formats.

PvP betting enables direct wagering between two Meme Kombat players. Participants can agree to put their $MK at stake in player versus player competitions. This allows betting against other platform users in a competitive format.

For PvGame betting, users can wager $MK against the platform itself rather than other players. With PvGame, earning rewards comes down to beating the game through strategic gameplay and probability analysis.

Meme Kombat will also support direct betting on the outcomes of specific meme battles or character results. Additionally, side action betting provides granular wagering on in-game occurrences like first strike, combos performed, or round duration.

Roadmap

The Meme Kombat roadmap provides details on the planned rollout of the platform and additional features:

  • The presale launch in Q3 2023 aims to bootstrap initial funding and community building for Meme Kombat. A successful presale will provide the capital needed to fund development.
  • The goal is then to launch the operational Meme Kombat gaming platform itself in late Q3 2023, likely at the end of September or October depending on presale outcomes. This initial launch will allow users to start accessing core gaming and betting features.
  • With the platform live, Season 1 of Meme Kombat gameplay can commence immediately. This first season will activate meme battles and competitions, rewarding engagement across the ecosystem.
  • By Q4 2023, the team plans to roll out Season 2 with upgrades and improvements based on lessons from Season 1. Additional features and expanded capabilities are expected for this second phase.

Future development will focus on continuous enhancements to match community interest along with expanding the platform through collaborations and increased utility. The Meme Kombat roadmap is designed to be flexible, capable of responding to user feedback and crypto trends.

Team and Marketing

The Meme Kombat team is conducting an aggressive marketing campaign to build awareness ahead of launch. They have already secured paid promotions and coverage across top crypto publications and websites including Crypto Potato, Finbold, CoinCodex, CaptainAltcoin, CryptoSlate, Cointelegraph, and more.


One of the top crypto analysts on X (Twitter), Crypto Tony, is also positive about the Meme Kombat project.

 

This broad reach provides exposure to millions of active crypto traders and investors who align well with Meme Kombat's target audience. By marketing across dozens of the most high-traffic crypto news and data sites, Meme Kombat aims to become a trending topic among committed crypto community members.

Notably, crypto YouTuber Joe Parys Crypto mentioned Meme Kombat as one of his top meme coin picks for 2024 and beyond. Joe Parys Crypto boasts over 382,000 YouTube subscribers, so his shoutout provides valuable exposure.

Between the involved team, crypto influencer marketing, and innovative platform, Meme Kombat is poised for a successful presale and launch. 

The one-of-a-kind focus on meme coin gaming provides a new way to engage with the meme coin niche and battle with Pepe the Frog and other recognizable memes - such as the Floki Inu and Shiba Inu dogs, and the Wojak character. As interest continues growing in the presale, Meme Kombat could become the next hot meme token.

Conclusion

The crypto industry thrives on hype cycles and speculation. Meme coins encapsulate these trends, with their value often fluctuating based on community engagement and rumors rather than project fundamentals.

PEPE managed to recover from an exploit thanks to renewed hype. Now Meme Kombat wants to build on that meme coin energy with a gaming ecosystem tailored specifically for memes. Its ambition has already attracted supporter interest, generating over $125,000 so far in the presale at memekombat.io.

Both projects demonstrate the meme coin sector is still going strong. Traders and crypto gamers alike will be following the price action and development of PEPE and Meme Kombat closely. 

Their ability to capture investor attention makes them hot prospects in the ever-changing crypto industry. While nothing is guaranteed, the meme hype certainly appears substantial around both PEPE and Meme Kombat.

Visit Meme Kombat Presale

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