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5 new memecoins to watch as cryptocurrency prices soar

5 new memecoins to watch as cryptocurrency prices soar
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Bitcoin (BTC) is almost reaching the value of US$36.000 and Ethereum (ETH) is increasingly close to US$2.000. The cryptocurrency market shows signs of returning to growth. 

Renewed investor enthusiasm around cryptocurrencies has also increased interest in memecoins. As a result, investors hope to profit from these new opportunities.  

In this article, we will list the 5 cryptocurrencies that promise to be a great investment for this year. 

1. Meme Kombat (MK)

Meme Kombat (MK) is catching investors' attention by using an innovative strategy of combining meme battles and betting on outcomes.

Meme Kombat is a platform that stands out for its battle arena of popular Internet memes. Offering various betting options, investors have the opportunity to bet on the results of battles and receive rewards.

Among the betting options are the “Bet vs Game” and “Player vs Player” modes, as well as other simplified and side bet modalities.

Furthermore, the project has a staking which can generate up to 686% APY for MK token holders. Investors and players have the opportunity to profit from the MK token by betting on matchups and using the integrated staking system.

Meme Kombat strategically distributed 12 million MK tokens to strengthen its community and ecosystem. Half of these tokens went to early investors, while 30% went to rewarding those who actively participate in staking and battles. 

10% of the tokens will be allocated for trading on decentralized exchanges (DEX), and the last 10% is reserved for extra rewards for the community, promoting more engagement and increasing the supporter base. 

When the pre-sale comes to an end, the project developers intend to start another season with 11 new meme characters. The project has already raised more than US$1,9 million. This has led to the construction of a solid base of investors around the project. 

investors can acquire the MK token for $0,205 using Ethereum (ETH), Tether (USDT) or Binance Coin (BNB). It is important to remember that the project has 10 stages, each stage lasts seven days and the value of the token increases progressively as the project reaches its stages. 

>>> Visit Meme Kombat <<

2. Wall Street Memes (WSM)

Another token that has stood out in the world of cryptocurrencies is Wall Street Memes (WSM). The project originated from the 2021 movement challenging the practices of Wall Street, which is an online community of retail investors.

Aiming to share information, analysis and memes about investments, finance and the stock market, the movement attracted a million followers on social media platforms. This project captivated many investors interested in learning and participating in discussions about finance.

Wall Street Memes Casino, integrated with Telegram, offers easy access to investors' and enthusiasts' favorite games with just one click. When using WSM Casino, you can participate in games in a simple way.

The creators of the project want to give players something special. If you deposit for the first time, you can receive up to 200% more as a bonus. If you use the WSM token, you can deposit and win 200 free spins on one game. But you need to deposit at least $30 in WSM tokens.

Read also   Bitcoin Towards US$ 56.000 and Ethereum on the Rise with the Influence of ETFs

Additionally, the project offers a staking feature, with an estimated APY of 40%, providing investors with passive income while supporting the project. 

WSM has planned a strategic token allocation for the project. Half of the WSM tokens were allocated for presale, to finance the project's growth. Another 30% will be used to reward the community and 20% has been reserved to guarantee liquidity on exchanges.

The pre-sale of the Wall Street Memes token raised more than US$22 million and, since then, it has been attracting the attention of investors, which indicates that the project is building a community engaged in this memecoin and the story it represents. 

>>> Visit Wall Street Memes <<

3. Sponge (SPONGE)

Another cryptocurrency that has entered the market and has great recognition is Sponge (SPONGE), a token created with inspiration from the character SpongeBob SquarePants. 

Although it has dropped a lot in value recently, SPONGE has recovered greatly in the last seven days, rising around 180%.

Last month, Sponge's price rose almost 300% to $0,037. These impressive gains, along with Sponge's new staking system, have renewed investor interest.

Sponge's Twitter account now has over 26.000 followers, showing the community's support. Despite still being 83% below its peak value, many believe that SPONGE could recover before the end of 2023.

The distribution of SPONGE tokens is essential for the project. A total of 61% of the total supply is in circulation in the markets, directly influencing its price and liquidity. Another 29% is locked for purposes such as development, rewards or platform security. Additionally, 10% was allocated for listings on centralized exchanges, expanding the token's accessibility. 

Interested parties can purchase SPONGE tokens on Uniswap or on various exchanges such as Gate.io and CoinW.

4. Bonk (Bonk)

Bonk (BONK) is a fun new memecoin based on blockchain Solana, the first on this network to have a dog as its theme.

Although it has no specific uses for now, Bonk has taken great advantage of Solana's growing popularity, rising sharply – 1.391% last month. Currently, BONK's trading volume is $85 million in 24 hours, showing that many people are trading the crypto.

For those looking to get involved in a Solana blockchain asset that is generating a lot of attention, BONK could be an interesting choice.

5. Rock (ROCK)

The last popular new memecoin on our list is Rock (ROCK), which declares itself completely useless and is inspired by NFTs. Without having a practical function beyond its appeal as a meme, ROCK's value largely depends on the community's enthusiasm to increase. 

ROCK has already burned more than 24 billion tokens, having a market value of US$1,8 million with a total of 86 billion tokens in circulation. Although developers joke about the coin's uselessness, its large supply and low price make it attractive to investors who like speculation.

In short, while it is risky, ROCK is another memecoin that investors may want to keep an eye on in the coming weeks.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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