Friday, November 17th, 2023 – The Dogecoin price is up 17% to $0.089 in a community-inspired surge, while new coin GROK hit a $200 million valuation before it was brought low by scam accusations and Meme Kombat raises $1.8 million, as meme coins strut their stuff.
A plan by the Dogecoin community to send a physical Dogecoin to the moon has caught the imagination of the cryptoverse, after an X post announced the rocket launch date.
Space company Astrobotic has been booked to blast the physical coin to the moon on December 23 in a clever marketing gimmick.
The Dogecoin community has paid for a capsule in the DHL MoonBox service provided by Astrobotic. A Vulcan Centaur heavy-lift rocket built by the United Launch Alliance will take the coin to the moon.
According to the X post, the physical coin moonshot was funded by the Dogecoin community way back in 2015.
🚀Dogecoin On The Moon Update🌕
Exciting news for the Dogecoin community!🌑
Astrobotic plans to send a physical Dogecoin to the moon in the DHL Moonbox via ULA’s Vulcan Centaur Rocket on 12/23/2023. Funded by our community in 2015, this mission embodies collective effort! pic.twitter.com/QESz4ikHln
— Dogecoin (@dogecoin) November 16, 2023
Meme Kombat has a much better chance of getting to the moon than Dogecoin – get lowest $MK price today.
Whether the countdown to launch day will be enough to sustain a rally as Christmas approaches is anyone’s guess. However, the play on the popular “to the moon” skit that is crypto shorthand for a hoped-for parabolic price run, is doing the trick for now.
Meme coins are all about virality and the secret sauce that catches the wave is a highly subjective phenomenon.
Nevertheless, there might be surer ways to grab the limelight by offering real utility and by targeting the communities of the various competing top meme coins – that’s what Meme Kombat does with its battling and betting platform in which meme characters compete and users wager.
$MK is currently priced at $0.205, but will be rising 4.39% to $0.214 in Stage 4 of the presale, which starts in five days’ time on November 23. However, the current stage of the presale is likely to sell out before then, so potential buyers will need to move fast to get the lowest available price.
The continuing success of Dogecoin, and others like Shiba Inu, is a testament to the staying power of meme coins but Meme Kombat may have just bottled a sure-fire route to meme coin virality.
Crypto YouTube analysts are impressed with what they see from Meme Kombat, with one presale specialist positing 10x returns for early investors into the project.
This weekend is going to be legendary💪
— Meme Kombat (@Meme_Kombat) November 17, 2023
Is GROK a Crock? Play it safe and get higher returns with utility-rich Meme Kombat
Elsewhere in meme coin land, new cryptocurrency GROK has been in the news.
GROK is named after the soon-to-be-launched Elon Musk AI chatbot. The chatbot is apparently undergoing rigorous testing and will only be available to premium users of X, formerly Twitter.
Grok AI’s unique selling point seems to be that it will be irreverent and sarcastic; a chatbot with a personality if you will.
At least a part of the chatbot’s language model training has been on Twitter big data, which may help to provide it with an edge for trending events and developments, although that comes with the concomitant danger of regurgitating misinformation and disinformation.
But none of that is a concern of the creators of the GROK meme coin. The coin flew out of the door at launch, powering to a market capitalization of $200 million within days. GROK reached an all-time high of %0.01662 and is today priced at $0.0086.
Crypto sleuth zachxbt stuck a spanner in the works when he published what he said was evidence purporting to show that the project was in fact a scam.
The X post of November 13 had an immediate impact, sending the price of GROK into a tailspin as it lost 70% of its value.
Zachxbt says an X account used by the alleged scammer had been updated numerous times as the developer cycled through the creation of multiple failed coins, including one called ANDY and another with the ticker GROKER20.
Same exact X/Twitter account has been reused for at least one other scam.
X/Twitter ID: 1690060301465714692 pic.twitter.com/iKu7zb6YeS
— ZachXBT (@zachxbt) November 13, 2023
As zachxbt observed in his X post that punctured the price run-up, there will be holders (and new buyers) that won’t care about his findings. That has indeed turned out to be the case, because far from crashing to zero the price has stabilized after its sell-off and is still trending on popular DEX trading site DEXTools, with a market cap of $64 million.
Attempts to right the ship seem to have worked for the devs behind GROK with a token burn to boost the price helping to allay fears.
Meme Kombat is a doxxed project, unlike most meme coins
Still, those traders who take due diligence seriously and are less cavalier with their capital exposure might do well to steer clear of GROK and check out a doxxed project like Meme Kombat.
It has already been mentioned that Meme Kombat is a meme coin with real utility, targeting gaming and betting, which are perhaps the two biggest growth sectors in crypto.
Also, making it attractive to traders and investors, especially in light of the shenanigans at GROK, Meme Kombat is a doxxed project, so it has a team you can trust.
Meme Kombat dynamic staking combines off-chain and on-chain for cheap efficient staking and gaming
$MK dynamic staking seamlessly blends on-chain and off-chain transactions on its unique platform. Users only pay network fees when they stake and unstake their $MK while claiming rewards takes place off-chain, incurring no fees.
Stakers can see all their interactions with the staking platform, such as deposits and claims, logged in real-time.
The staking system will also be integrated with the on-chain game contracts, meaning you will be able to play the games with staked tokens.
So far 6.51 million $MK has been staked, earning an APY of 605%. Total rewards of $MK 557,380 have been earned to date for the 1876 active stakers.
Such is the popularity of the service that 59% of all sold tokens have been staked.
Meme Kombat embraces top meme coins in bold march into the future of crypto gaming and gambling
Meme Kombat’s Season 1 will be available after the presale is sold out and the project launched. There are 11 meme characters you can battle with Season 1: Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak.
Players bet on the meme characters and are rewarded with $MK tokens if they back the winners.
It is believed that Season 2 meme characters will be out just before Season 1 wraps up.
On the gaming side blockchain technology assures there’s verifiable randomness and the trust and security of its crypto architecture is perfectly suited for gambling.
It is also good to know that Meme Kombat’s smart contract has been security audited. No major issues have been detected.
As far as the tokenomics goes, 50% of the total token supply is being sold in the presale, 30% for staking and battler rewards, 10% for community rewards, and 10% for decentralized exchange liquidity. The total token supply of $MK is 120,000,000.
Dogecoin and GROK have their upsides and downsides but with Meme Kombat it could all be cream. Say hello to the king of meme coins by making your $MK purchase today for an arena seat on the future of crypto gaming and gambling, with a meme character twist.