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The meme coin craze is back in full swing as Floki Inu’s sister token, TokenFi (TOKEN), sees a massive price pump.
TOKEN is now ranked first on DEXTools’ list of hot new projects and looks primed for further growth in the coming days.
With meme coin prices turning green once more, many investors are searching for hidden gems that could also provide huge returns – with all eyes now on Meme Kombat (MK) as it continues to turn heads in its presale phase.
TokenFi’s Value Rockets 10,000% as Meme Coin Frenzy Returns
In the past week, TOKEN’s value has soared over 10,000%, going from $0.000469 to $0.0494.
According to DEXTools data, TOKEN now boasts a market cap of $23.6 million and saw over $6 million in trading volume in the past 24 hours.
TokenFi’s impressive start has also led to a listing 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 to create custom ERC-20 and BEP-20 tokens without coding and Generative AI for quick NFT artwork generation.
Additionally, the token’s association with FLOKI has helped it obtain listings on well-known exchanges like LBank, SuperEx, and CoinW in recent days.
Whether TOKEN’s explosive momentum continues is still up for 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 Surge
TOKEN’s rise can also be attributed to a broader uptick in investor sentiment throughout the meme coin market.
According to CoinMarketCap, global meme coin trading volume has reached over $1.1 billion in the past 24 hours.
This volume rise has helped the meme coin market hit a valuation of $16.5 billion.
Naturally, the market is still led by Dogecoin, Shiba Inu, and Pepe – all of which have posted stellar returns recently.
However, smaller tokens like FLOKI, BONE, and BONK have also been soaring, showcasing that retail investors are becoming more open to diversifying their portfolios with meme coins.
This suggests a growing risk appetite as they branch out into less established but potentially higher-gaining coins.
With the Crypto Fear & Greed Index now sitting at a value of 72, it seems that this optimistic market sentiment is here to stay.
Which Meme Coins Could Be Next to Surge?
With TokenFi surging, investors are searching for the next meme coin that could be a breakout star.
All eyes are on Meme Kombat in this regard, which has just passed the $1 million funding milestone in its ongoing presale.
Meme Kombat Presale Surpasses $1 Million as Traders Rush to Buy MK Tokens Before Price Jump
Meme Kombat (MK) is a multi-purpose meme coin building a unique platform for battling meme characters.
The project’s branding takes inspiration from the famous Mortal Kombat franchise, combining gaming, gambling, and memes in a groundbreaking way.
Users can wager on AI-powered meme battles featuring well-known mascots like 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 staking rewards of 112% APY for holding MK, accrued automatically after purchase.
Given that the project has already raised over $1 million from early investors, these features appear to be resonating with the meme coin community.
Early-bird investors can buy MK through the presale for $0.1667, although this price point will only be available until November 2.
The next presale phase will see the MK token price rise to $0.1833 – a 9.4% jump.
With TokenFi seeing 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.
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