$BONK’s restoration run is coming to a halt. Regardless of the large social media presence of the challenge, the meme coin has been struggling to show its price over the previous couple of days. To offer a greater perspective, $BONK has slipped down 59% because it claimed a brand new all-time excessive on Dec 15, 2023.

BONK 1-month value motion, CoinMarketCap

Two initiatives posing fierce competitors for $BONK this month are $SPONGEV2 and Meme Kombat ($MK). Right here is an evaluation of each and their potential to ignite a bull run quickly.

Can SPONGEV2 Meet Investor Expectations and Go 100X?

$SPONGE was probably the most profitable meme cash of 2023.

The challenge is coming into a brand new part in its improvement with the launch of a play-to-earn ecosystem. To mark the event, SPONGE will bridge to SPONGEV2. However previous to that, SPONGE traders have the choice to stake and bridge their tokens for engaging rewards and bonuses now.

SPONGE 1-month value motion, CoinMarketCap

Inside just a few days of the launch of the stake-to-bridge portal, tokens price $4,460,411.49 have been staked on the platform, hinting on the bull run within the pipeline. It supplies the final alternative to purchase SPONGEV2 earlier than its change launch.

In line with the web site, SPONGEV2 is predicted to make a grand launch, making its option to greater and higher exchanges quickly. With the brand new token, the crew goals to provide traders who missed out on SPONGE’s close to 100X pump one other likelihood to earn multifold returns.

Listed here are a few of the main milestones made by the primary model of the token:

A deep dive into the challenge’s white paper and roadmap reveals that SPONGEV2 has the potential to take a steep climb on its debut launch. However higher but, the token’s utility on the upcoming play-to-earn platform will underpin its long-term utility and market relevance.

If the sport lives as much as traders’ expectations, SPONGEV2 may simply develop into among the best performers of this 12 months.

Customers can be a part of the stake-to-bridge portal even when they don’t have any $SPONGE tokens of their pockets but. Right here’s the best way to go about it.

Buyers who purchase and stake $SPONGE from the official web site will get an equal quantity of V2 tokens of their pockets, along with bonus tokens.

BUY AND STAKE $SPONGE TOKENS

Meme Kombat Brings the Meme Coin Warfare to GambleFi

Meme Kombat ($MK) is a artistic new challenge within the meme coin area. Deep-rooted within the fertile GambleFi area of interest, the meme coin has good upside potential. The distinctive options pose a risk to high play-to-earn platforms within the crypto market.

The important thing pillar of the ecosystem is the Meme Kombat battle area that hosts AI-powered battles between standard meme coin icons. The battles will likely be truthful and clear, being run by AI algorithms. The blockchain basis of the challenge, as well as, provides a layer of transparency to the video games.

Customers can stake their $MK tokens to wager on the outcomes of those battles. If the meme coin battles on social media platforms are any signal, Meme Kombat is ready to host a big viewers on the discharge of its first battle season.

The rising engagement on the platform will drive the natural demand for the native meme token $MK.

Why does it matter?

One of many largest hurdles confronted by most meme cash is justifying their market relevance over time. Whereas quirky themes assist them to attract the eye of speculative traders within the preliminary stage, they fail to retain the momentum.

Speculative traders run after new initiatives. The rising competitors available in the market doesn’t assist the state of affairs. Whereas not often per week goes by the place a meme coin doesn’t make headlines, particular person meme cash have a tough time staying within the highlight.

That is the place utility comes into the image. Meme Kombat’s high-potential utility inside the thriving GambleFi area provides it relevance past an preliminary surge.

We go massive on neighborhood and @BuryCrypto acknowledges that🎉

Try his video on $MK being among the best crypto presales to interact with proper now! pic.twitter.com/DGIedfOdBz

— Meme Kombat (@Meme_Kombat) January 16, 2024

The Meme Kombat presale is nearly to race previous the $7M milestone, hinting at an early sell-out. Prime crypto analysts have been that includes the challenge on their platforms for its utility-rich ecosystem that expands the horizons of GambleFi.

BUY $MK TOKENS FOR THE PRESALE PRICE

SPONGEV2 vs. Meme Kombat – Verdict

Each SPONGEV2 and Meme Kombat present potential. Whereas SPONGEV2 is on a mission to repeat its predecessor’s close to 100X journey with a confirmed monitor file, Meme Kombat excels by way of its GambleFi utility.

It’s too early to say which challenge will emerge because the winner and take the third spot on the meme coin chart, dethroning BONK. Diversification is an effective technique to benefit from the upside potential of each initiatives.