Introducing Memecoin ($MEME) on Binance
If you’ve been keeping an eye on the crypto market, you might have heard about the latest meme crypto – Memecoin ($MEME). This new meme token has recently been listed on Binance, one of the most influential cryptocurrency exchanges. According to data from CryptoRank, $MEME coin opened trading at $0.0232 and quickly surged 25% to hit an all-time high of $0.0288. Even though it has corrected since then, $MEME is currently trading at $0.0251 – up over 30% from its lows.
Market Capitalization and Bullish Stance
With a market capitalization of over $220 million, Memecoin has proven itself to be more valuable than other popular meme cryptos like Bone ShibaSwap and HarryPotterObamaSonic10Inu. After its all-time high following the Binance listing pump, $MEME’s market capitalization reached $253 million, coming close to flipping Floki (FLOKI).
The bullish stance of the token is driven by Binance’s stamp of approval, which holds significant weight in the meme coin market. Pepe and Floki, two top Binance-listed meme coins, saw 10000% bull rallies after their launch. Investors are now looking for tokens like $MEME that have explosive price potential.
Why Investors Are Bullish On $MEME Token?
Experts believe that meme tokens such as Pepe and Floki will lead the next crypto bull market, with $MEME joining that list. It is already the 5th largest meme crypto according to CoinMarketCap and has seen a trading volume of $530 million – making it the 10th highest volume cryptocurrency today. Additionally, Memecoin is associated with the Memeland project, a Web3-focused venture studio developed by the same team behind popular platform 9GAG.
The robust demand for the token was evident in its Firesale – a private sale that raised over $8 million in just 28 hours. The Launchpool announcement by Binance allowed investors to farm $MEME by staking BNB, TUSD or FDUSD.
Meme Kombat Hits $1 Million Milestone In ICO – Next Crypto To Explode?
While Memecoin ($MEME) is a typical low-utility meme token, Meme Kombat offers something different – it combines concepts like Play2Earn, staking, gambleFi, and artificial intelligence. The Meme Kombat project has displayed strong performance in its presale, raising over $1.1 million in just over a month.
Meme Kombat’s Play2Earn platform features 11 characters representing popular meme coins such as Pepe, Floki, Doge, Shiba and Sponge. Using artificial intelligence technology, these characters engage in battles where players can wager on the outcome of the game against each other or against the house itself.
The project also boasts a stake-to-earn feature offering an APY of 112%, appealing to smart money traders like Michael Wrubel. Additionally, Meme Kombat has revealed the identity of all team members behind the token – reducing risks associated with projects featuring anonymous teams.
Hot Take: A New Wave of Meme Tokens
A new wave of meme tokens such as Memecoin ($MEME) and Meme Kombat are gaining significant attention in the crypto market due to their innovative features and potential for explosive growth. With rising trading volumes and strong demand from investors and traders alike, these meme tokens could play a key role in driving the next crypto bull market.
By
By
