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Shiba Inu, the second-largest meme coin on the crypto market, is primed for another explosive rally during the next crypto bull market. $SHIB was one of the best performers during the last bull run, reaching its all-time high of $0.000086 in the October of 2021, just 14 months after its launch.
Experts such as @army_shiba, who has close to 400k followers on X, believe that Shiba Inu will flip Dogecoin during the next bull cycle, thanks to its wide-range of utility.
However, smart-money traders are no longer tunnel-visioned on top tokens like Doge and Shib, believing that newer meme coins with high utility could also emerge as excellent investment opportunities. For instance, Crypto Tony, who has over 350k followers on X, believes that Meme Kombat – a new play-to-earn token – also has strong price potential and could generate significant returns after its launch.
He is also not the only one – the admin of the Crypto Whale Pumps channel on Telegram, which has over 25k subscribers – has made a sizable investment into $MK. This admin, who is a crypto whale himself, has a knack of picking out money-making gems early and he believes that Meme Kombat could be that next big opportunity.
Thanks to such financial endorsements, Meme Kombat has raised over $2.1 million in its ICO in just over a month.
Why Experts Are Bullish On Shiba Inu and How Meme Kombat Could Surprise The Crypto Market?
Shib is currently 90% below its all-time high – yet, experts remain optimistic that the token would easily surpass this mark and create a new high, thanks to the rapid innovation in the Shiba Inu ecosystem.
Shibarium – Shiba Inu’s layer-2 scaling network – was launched in August of this year, which led to a substantial increase in $SHIB’s value. However, the launch took place during bearish conditions, when the crypto market was suffering from a liquidity crunch.
Therefore, as Shibarium continues to hit milestones, $SHIB could see more strong upside moves in the coming months. As such, the layer-2 network is experiencing increasingly higher user adoption, with its daily transactions count surging by 50% yesterday. The total number of transactions on Shibarium have now surpassed 4 million.
It is also not the only cutting-edge technology that the Shib army is hype over. Last week, the ShibariumID beta went live, which led to another surge in the token’s price. ShibaSwap 2.0, Shiba Hub and an immersive metaverse are some other exciting upcoming developments.
Shiba Inu is not the only token that is launching new utilities to remove its meme coin tag. Tokens such as Floki and Bonk have also added real-world use cases and have been rewarded by a strong bull rally.
Meme Kombat has also fully embraced this trend. The project will launch a play-to-earn platform that will facilitate exciting combat between top meme coins. It will consist of 11 fictional characters – each of which will represent a popular token such as Doge, Shiba, Pepe, Floki, etc.
These characters will engage in AI-simulated battles, allowing the users to bet on the outcome of the game. They can enjoy diverse betting opportunities in various modes such as player vs player, player vs game and direct betting.
How Meme Kombat Solves The Rampant Security Risks In The Meme Coin Market?
Investors are typically hesitant of investing in new meme coins due to the fear of scams or rug pulls. Even top tokens such as Pepe coin carry these risks – for instance, back in August, $PEPE devs sold $15.8 million worth of their tokens, leading to a massive crash in its price.
To gain the trust of the community, the Meme Kombat project has revealed the identity of all team members behind the token, including its founder Matt Whiteman. This fosters trust in the minds of investors, considering that they can now hold the developers accountable for any wrongdoing.
Furthermore, Meme Kombat incentivizes investors to hold their tokens for longer periods through its staking program, which eliminates the risk of pump and dump price action. The $MK staking pool is currently offering an APY of 443%, which is significantly higher than the industry standard 5 to 7%.
To add an extra layer of protection, there will be a mandatory lock-in period of 10 days for all staked tokens, which rewards the long-term holders while preventing any price manipulation by the whales.
Finally, the token smart contract has been audited by Coinsult, which did not reveal any major vulnerability or centralization risks. For instance, the owner of the contract cannot mint new tokens, blacklist addresses or pause the contract.
Meme Kombat Presale
As previously mentioned, the Meme Kombat token is currently in its presale phase, where it has already surpassed the $2 million milestone. Interested buyers can purchase the token by swapping ETH, BNB or USDT tokens.
However, they need to act quickly as the presale is designed to reward early buyers. The price of the token is set to go up upon the completion of every stage of the presale. For instance, $MK is currently available at $0.214 – however, in just 5 days time, it will be priced at $0.225, representing an increase of 5%.
Furthermore, the staking APY will continue to decrease as more investors stake their tokens.
