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New play-to-earn meme coin – Meme Kombat – launched on Tuesday after completing its highly successful ICO phase. $MK had raised over $10 million in its ICO, signaling strong demand and price potential.
According to DEXTools, after having launched at an initial price of just $0.2916, Meme Kombat surged to $0.7428 in a span of just a few hours, representing over a 150% bull rally. It quickly became one of the top trending tokens on the platform.
Despite marginal pullback, the Meme Kombat price currently stands at $0.54, up 86% in less than a day.
Notably, crypto prices crashed late on Tuesday in the aftermath of Bitcoin hitting a new all-time high, with meme coins bearing the worst losses. This also likely negatively impacted $MK’s launch day rally. However, with top meme tokens now regaining momentum, Meme Kombat could soon enter price discovery and push towards new highs.
Meme Kombat’s success highlights that new meme coins remain the most attractive buys during the ongoing bull market. Analysts believe that other new high-utility meme cryptocurrencies such as Scotty The AI could showcase even higher returns after their launch.
Meme Kombat Price Explodes
Meme Kombat is a high-utility meme coin, featuring trendy concepts such as play-to-earn, staking and even artificial intelligence.
For instance, the project is launching its own Web3 game, which will feature “the battle of meme coins”. In the first season – which starts on 11th of March – 11 meme coins mascots such as Doge, Shib, Pepe, Floki, etc. will engage in AI-simulated battles, allowing players to bet on their favorite character.
On the contrary, risk averse investors can simply stake their tokens and earn lucrative APY, currently at 83%. Considering that 70% of all purchased $MK tokens are staked, the meme coin will face much less selling pressure than other new tokens.
The project also showcased strong commitment to transparency, conducting a smart-contract audit and revealing the identity of all its developers, including its founder Matt Whiteman.
Owing to its unique value proposition, several analysts and crypto influencers such as Michael Wrubel, Crypto Tony and BombNFTs have invested in Meme Kombat and praised its price potential. Soon after its launch, a crypto whale invested 45 ETH tokens – worth over $170k at current price – into $MK.
New Meme Crypto ICO Scotty The AI
Several smart-money investors who made early buy calls on Meme Kombat are also backing Scotty The AI – another high-utility meme coin.
For instance, aforementioned crypto analyst Michael Wrubel, who has over 300k subscribers on YouTube, has recently called $SCOTTY his “#1 Meme Crypto for 2024”. Similarly, influencer Jacob Bury believes that Scotty The AI could deliver upto 10x returns after its launch.
As in the case of Meme Kombat, Scotty the AI is showing early signs of strong demand, with its presale already raising close to $3 million in its ICO, with multiple fundraising rounds still remaining.
In another similarity, $SCOTTY allows its buyers to start accruing staking rewards from the presale itself, currently at an APY of 63%. However, its unique selling point is its innovative usage of artificial intelligence to deliver many impactful and cutting-edge tools.
Scotty AI claims to be the “guardian of the crypto universe”, owing to its primary objective of creating a secure environment for all users. The project plans to utilize advanced AI algorithms for fraud detection, identifying vulnerabilities and analyzing and alerting suspicious behavior.
Additionally, it is set to launch “Chat with Scotty”, an AI chatbot that can help both experts and new investors with their trading strategies by providing all relevant market data in a humanized manner. An AI-powered DEX “Scotty Swap” will also be released, helping traders to trade $SCOTTY and other cryptocurrencies with ease.
Is $SCOTTY A Good Investment?
One of Meme Kombat’s best features is its commitment to security and transparency, which is also a priority for $SCOTTY.
Scotty the AI smart contract has already been audited by Coinsult, which revealed no security risks or vulnerabilities. The owner of the contract can also not engage in nefarious behaviors such as minting new tokens, blacklisting addresses, or pausing the contract.
The developer team behind the project has also renounced the ownership of the token.
Could $SCOTTY Generate 10x Returns?
As previously mentioned, analysts such as Jacob Bury believe that Scotty the AI could offer upto 10x returns after its launch. Another crypto influencer Conor Kenny even highlighted the possibility of 100x returns as part of the video below.
