The meme coin craze is back in full swing as Floki Inu’s sister token, TokenFi (TOKEN), experiences a massive price surge.
TOKEN now sits at the top of DEXTools’ list of hot new projects and looks poised for further growth in the coming days.
Now as meme coin prices turn green once again, many investors are looking for hidden gems that could also provide big profits, with all eyes now on Meme Kombat (MK), as it continues to attract attention in its presale.
TokenFi Value Soars 10,000% as Meme Coin Frenzy Returns
Last week, the value of TOKEN skyrocketed more than 10,000%, going from $0.000469 to $0.0494.
According to data from DEXToolsTOKEN now has a market capitalization of $23.6 million and recorded over $6 million in trading volume in the last 24 hours.
TokenFi’s impressive start also led to it being listed on CoinMarketCap and CoinGecko.
The project was launched in late October as a sister token to the well-known Floki Inu (FLOKI) meme coin and aims to make token creation easy and accessible to everyone.
Some of TokenFi’s key features include a Token Launcher for creating custom ERC-20 and BEP-20 tokens without coding and generative ai for rapid generation of nft artwork.
Additionally, the token’s partnership with FLOKI has helped it gain listings on well-known exchanges such as LBank, SuperEx, and CoinW in recent days.
Whether TOKEN’s explosive momentum continues is still a matter of debate, but for now, it remains one of the most talked about new meme coins on the market.
Investor Sentiment Towards Meme Coins Turns Bullish as Volumes Increase
TOKEN’s rise can also be attributed to a broader rally in investor sentiment across the meme coin market.
According to CoinMarketCap, global meme coin trading volume has reached more than 1.1 billion dollars in the last 24 hours.
This increase in volume has helped the meme coin market reach a valuation of $16.5 billion.
Naturally, the market is still led by Dogecoin, Shiba Inu, and Pepe, all of which have posted stellar performances recently.
However, smaller tokens like FLOKI, BONE, and BONK have also skyrocketed, showing that retail investors are becoming more open to diversifying their portfolios with meme coins.
This suggests a growing appetite for risk as they diversify into less established but potentially higher earning coins.
With thecrypto/fear-and-greed-index/” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> crypto Fear and Greed Index Now sitting at 72, it looks like this optimistic market sentiment is here to stay.
Which Meme Coins Could Be Next to Rise?
With the rise of TokenFi, investors are looking for the next meme coin that could become a rising star.
All eyes are on Meme Kombat in this regard, which just surpassed the $1 million funding milestone in its ongoing pre-sale.
Meme Kombat Pre-Sale Surpasses $1M as Traders Rush to Buy MK Tokens Ahead of Price Jump
crypto-prices-turn-bullish” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>Kombat Meme (MK) is a multipurpose meme coin that creates a unique platform to fight against meme characters.
The project’s brand is inspired by the famous Mortal Kombat franchise, combining games, betting and memes in an innovative way.
Users can wager on ai-powered meme battles with well-known mascots such as DOGE, SHIB, and Pepe the Frog.
Through this mechanism, users can earn rewards denominated in MK, Meme Kombat’s native token.
Meme Kombat also offers 112% APY staking rewards for holding MK, automatically accrued after purchase.
Given that the project has already raised over $1 million from early investors, these features seem to be resonating with the meme coin community.
Early bird investors can purchase MK through pre-sale for $0.1667, although this price will only be available until November 2.
In the next pre-sale phase, the MK token price will rise to $0.1833, a jump of 9.4%.
Given that TokenFi has seen exponential price increases recently, the growing interest in Meme Kombat’s MK token could position it well to replicate these gains.
Interested investors can learn more about Meme Kombat’s progress and roadmap by joining the Official Telegram channel.
crypto-prices-turn-bullish” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>Presale Visit Meme Kombat
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