The crypto market has undeniably entered a bullish phase as most established cryptocurrencies report gains in the past few weeks. That includes some of the most popular meme coins such as DOGE, PEPE, SHIB, and others. For example, DOGE gained over 9%  while SHIB’s 16% and PEPE’s 11% in the last month. 

However, while these meme coins report gains, others show massive potential for the future. An emerging meme coin, Meme Kombat, and a platform launched earlier this year, Wall Street Memes, are gearing up for a bull run likely to outperform the rest of the niche. So, let’s see what’s going on and why you should invest in the meme coin newcomer – Meme Kombat.

Meme Kombat – High Utility Meme Coin With Multiple Token-Earning Mechanism

Before we look at the gains made by established meme coins such as DOGE, SHIB, and PEPE, we have to introduce the newest kid on the block – Meme Kombat. While it’s a meme coin, Meme Kombat offers excellent token utilization and comes with features we don’t usually see in the niche. 

It’s a meme coin with gamefi and online casino features and multiple reward mechanisms. Users start playing the game by selecting one of 11 available online meme characters during the first season. That includes characters such as Pepe the Frog, Spongebob, Vojak, and others. Once you select your character, you can enter AI-powered arena battles with unpredictable outcomes.

If you win, you get MK in return; if you lose, you lose the tokens you staked before entering the arena. Players can also earn tokens by betting on other players’ battle outcomes and completing various in-game challenges. The entire ecosystem is powered by the MK token used as a payment method for all in-game transactions. 

The presale event raised $3 million until now, about 30% of the $10 million hard cap. MK tokens are selling quickly, and if you buy them right now, you can stake them during the event to earn a 295% APY before the IEO planned for late Q1 of 2024. Considering the event’s success, Meme Kombat could easily outperform the potential gains of DOGE, SHIB, PEPE, and other meme coins in 2024 and beyond. 

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Wall Street Memes – Launching Features that Promote Growth

Designed by the Wall St. Bulls Reddit community, Wall Street Memes had one of the most successful meme token launches in years. It raised over $30 million during the presale event, but the lack of features resulted in WSM token price drops of over 40% in the past few months.

However, the platform has since released features such as a crypto Casino and Sportsbook betting options, which are just some of the featu res going live in the near future. Other upgrades include a dashboard update and the $WSM token buybacks in real-time. The newly launched WSM crypto casino offers a 200% welcome bonus and double rewards for wagers using the WSM token, attracting thousands of players and producing 4.6% gains in the past month.

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Meme Coin Market Nearing $24 Billion

The meme coins have been among the most popular crypto investment options for over a decade. However, the markets have had some massive ups and downs and have finally entered a bullish phase across the board. The sector gained over $6.7 billion in the past 30 days, nearing a market cap of $24 billion. DOGE, SHIB, and PEPE lead the bull run, but most other memes have also seen increased gains in the past month. So, let’s see what’s going on with the leading memes from up close. 

Dogecoin Showing Bullish Signs

The meme coin rally is led by Dogecoin, which has seen gains of over 8% in the second week of December 2023. The platform finally made a breakout after 900 days of stagnation, signaling a strong shift in the overall market sentiment. DOGE tokens are currently priced at $0.0960, an increase of over 22% in the last month. Dogecoin is gaining momentum according to all critical metrics and could push through the next couple of resistance levels at $0.1005 and $0.1220. 

Almost all analysts agree that DOGE will likely stay in a bullish trend, but they do advise caution. The current target is around $0.11, but the daily RSI shows a potential retracement before any significant gains are made. It’s nearing the next resistance level, so it will likely keep growing.

 Shiba Inu Gained Over 6.5% in Weeks

Shiba Inu has also entered a bullish phase after a massive transfer of 300 billion SHIB tokens to an anonymous wallet. The transfer originated on Binance, suggesting that the whale behind the transfer is awaiting a bullish market period. Both the 10-day moving average and the 100-day moving average suggest a long-term growth trend, and SHIB tokens have pushed through multiple major resistance levels in the past month, gaining over 6.55%. 

SHIB tokens now face strong resistance levels at $0.00001057 and $0.00001263, which they have to push through to keep the momentum going. The token entered a price correction phase for a few days but is moving upward again. If the current trend continues and the whales stick to their tokens, SHIB will likely stay bullish for the next few weeks.

Pepe Gaining Over 11% In The Past Month

Unlike DOGE and SHIB tokens, which were stagnant for years, PEPE has seen some of the highest gains in the meme coin space in the past year. It’s also one of the most resilient memes with the highest growth potential you can buy before the year ends. The platform is recovering from a three-month-long downtrend, gaining over 12% in the past month. Its unique features and strong community support make it one of the best meme coins to buy today. 

Wrapping Up 

Meme coin token holders have much to be excited about, as most platforms are expected to keep growing in the upcoming period. However, while DOGE, SHIB, and PEPE are reporting gains, their growth can’t compare to the massive potential of Meme Kombat and Wall Street Memes. These two meme coins will likely result in 10x gains or higher in the next few months, so don’t miss your chance to invest early to get the highest returns in 2024.