Dogecoin, Shiba Inu Costs Drop as Holders Help New Meme Coin $MK

It has been 24 hours within the crimson within the meme coin market, with Dogecoin (DOGE) and Shiba Inu (SHIB) posting losses.

DOGE is down simply over 1%, whereas SHIB is down 2% as investor sentiment turns bearish.

Not all meme cash are experiencing a downturn, nevertheless – new gaming-focused token Meme Kombat (MK) continues to be supported by merchants forward of its upcoming Uniswap itemizing.

DOGE & SHIB captured inside vary because the meme coin’s momentum fizzles

Dogecoin has posted two crimson day by day closes in a row, sending the coin right down to the $0.079 degree.

DOGE has been caught round this degree for greater than every week, with consumers and sellers vying for supremacy.

The excellent news for DOGE holders is that the $0.079 degree has not damaged down since November 24 – suggesting it’s performing as a flooring for the worth.

On the draw back, nevertheless, the 50-day exponential shifting common (EMA) acts as a dynamic resistance degree, which means Dogecoin’s worth motion stays extraordinarily uneven.

Shiba Inu is experiencing an analogous situation, with the token’s worth rising 14% final week earlier than falling 7% from Tuesday’s excessive.

SHIB now seems to be declining in direction of the $0.0000087 degree, which has been tapped 3 times since early 2024.

If SHIB breaks under this significant assist zone, it might result in an additional decline in direction of the $0.0000077 degree.

With the market cap of meme cash down almost 3% previously 24 hours, it stays to be seen whether or not DOGE and SHIB can escape of their present vary.

XPayments account offers quick worth improve for DOGE

Whereas issues look bearish for the meme coin world proper now, that is in stark distinction to final week’s comparatively bullish circumstances.

This bullishness got here from the stunning creation of the “XPayments” account on X (previously often known as Twitter).

Though this account hasn’t posted but and Elon Musk hasn’t revealed what it is about, traders instantly began speculating that it might be associated to potential crypto fee performance.

There have lengthy been rumors that X would combine DOGE as a fee possibility – so the creation of XPayments naturally led to elevated curiosity on the earth’s greatest meme coin.

DOGE rose greater than 3% on the day the account was created, after which rose one other 6% within the days that adopted.

Nonetheless, this upward momentum couldn’t be sustained because the forex was again within the crimson this week.

Meme Kombat presales are on a downward pattern because the extremely anticipated launch approaches

Whereas Dogecoin and Shiba Inu have struggled in current days, not all meme cash have skilled a sell-off.

A low-cap meme coin that’s nonetheless supported by merchants is Meme Kombat (MK) – a gaming-focused mission hosted on Ethereum.

In contrast to DOGE and SHIB, Meme Kombat isn’t but accessible on the open market as it’s nonetheless within the pre-sale section.

Nonetheless, this pre-sale section is now in its ultimate levels – which means potential traders have one final probability to purchase MK earlier than it goes on the Uniswap itemizing.

MK tokens will likely be supplied in the course of the ultimate section of the presale for $0.279 and will be bought with ETH, USDT or BNB.

Notably, those that buy MK early can stake their tokens instantly and generate APYs of 119%.

When it comes to tokenomics, 50% of the whole MK provide is reserved for presale traders, whereas 10% will likely be used to offer DEX liquidity.

One other 30% is reserved for strike and battle rewards, underscoring the event group’s deal with rewarding the group.

This method means that Meme Kombat is not only one other hype-driven meme coin, however is as an alternative making an attempt to carve out a distinct segment within the gaming and DeFi areas.

Main the mission is veteran Web3 entrepreneur Matt Whiteman, who’s presently COO of North Applied sciences, an NFT buying and selling and analytics platform.

With Whiteman on the helm and continued curiosity in pre-sales, Meme Kombat seems to be nicely on its option to making an influence when it launches within the coming weeks.

Go to Meme Kombat Presale

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