Dogecoin hits $0.09, two meme cash in focus

The world’s largest meme coin, Dogecoin (DOGE), rallied to $0.09 on Dec. 4. With DOGE gaining floor, some buyers are additionally turning their consideration to rising and potent meme cash like Meme Kombat (MK) and Bonk (BONK).

Dogecoin surges to 8-month excessive

After weeks of lackluster value motion between August and October, DOGE surged by round 55% to hit $0.092 – its highest stage since April.

Day by day buying and selling volumes additionally spiked to above $1.1 billion, making DOGE the tenth most-traded cryptocurrency globally.

Dogecoin’s fast rise seems to have been pushed by the general power of the crypto market, which has seen Bitcoin (BTC) attain $42,000 and Ethereum (ETH) faucet $2,200.

Nonetheless, DOGE has pulled again by 5% from Dec. 4’s peak and is now hovering round $0.0878.

Regardless of the pullback, meme coin fans stay bullish on Dogecoin’s prospects within the remaining weeks of 2023.

Based on CoinGecko, over 81% of customers are “feeling good” about DOGE at the moment.  

From a technical perspective, merchants might be eyeing the $0.870 stage intently, provided that it beforehand acted as resistance.

DOGE might use this stage as assist to construct momentum for one more upward leg.

Meme Kombat presale raises $2.4 million

As Dogecoin captures the highlight, a brand new meme-inspired token, Meme Kombat, has emerged as a possible breakout altcoin to look at.

Meme Kombat combines components of gaming, staking, and meme tradition, that includes a battle enviornment the place meme coin mascots struggle in AI-powered matches.

Customers can wager MK, Meme Kombat’s native token, on these fights to earn extra rewards.

Meme Kombat additionally supplies staking yields set at 355% APY – with over 11.1 million MK tokens already locked.

Though not but formally launched, buyers should buy MK tokens by the challenge’s ongoing presale, which has raised $2.4 million in funding.

50% of the overall MK provide has been put aside for presale buyers, with tokens priced at simply $0.225 in the course of the present stage.

The presale laborious cap set at $10 million.

As soon as the presale concludes, Meme Kombat’s builders plan to listing MK on Uniswap for broader entry – an occasion being awaited by members of the challenge’s official Telegram channel.

Led by Matt Whiteman, Meme Kombat presale seems to be dominating crypto boards.

Solana’s meme coin Bonk rising as staking protocol launches

Bonk (BONK) is one other meme coin buyers are holding tabs on.

Launched on Solana, Bonk is a dog-themed meme coin.

Specializing in neighborhood power, BONK is on an uptrend, leaping 695% previously month.

This rise pushed day by day BONK buying and selling quantity above $157 million because it was listed on Gate.io and Bybit.

Though initially launched with no use case, BONK’s staff lately started providing single-sided staking on liquidity swimming pools so as to add utility.

Moreover, the token has attracted huge consideration on social media, with some buyers speculating that it might be the following meme coin to surge like PEPE.