Switch

Pepe

Bitcoin ETF

Bitcoin

Dogecoin

<img src="https://cdn.thebittimes.com/images/2024/02/06/1707227946.webp" width="800" height="800" alt=""> 
The Bitcoin price continues to consolidate in the $41,000 - $44,000 price range, much to the chagrin of both the bears and the bulls.&nbsp; 
BTC is currently trading at $42,800 on Tuesday - down 3% over the past month and 12% from its local top of $48,900 that it hit in the aftermath of spot Bitcoin ETF approval.&nbsp; 
<img src="https://lh7-us.googleusercontent.com/TnNlwSy3vV43UCKmQTyJ-TmtyvPSQ0KWHZuB1n3ORn0wyZjJoIHEVvRTFFE4y7eB3phSkDuq4bGJ8If3ANZaKnYSU7Hi1crPzLKwcjiMEl9qGMa6mO3765mpH2UcmL1sNbO80wIB_6as3xzfGXHbDRg" width="624" height="316" style="display: block; margin-left: auto; margin-right: auto;"> 
Experts believe that this lackadaisical BTC price action could continue over the coming months, potentially even after the Bitcoin halving in April. Meanwhile, new meme coins could steal the spotlight, offering 10x - 100x returns and outperforming BTC in the short term.&nbsp; 
<h2 dir="ltr" id="span-analysts-predict-new-meme-coins-could-explode-while-bitcoin-price-consolidates-span">Analysts Predict New Meme Coins Could Explode While Bitcoin Price Consolidates</h2> 
Traditionally, the meme coin market starts to heat up when the Bitcoin price cools down. Analysts believe that this phenomenon could take place once again in the coming month.&nbsp; 
Popular crypto trader <a href="https://x.com/LomahCrypto/status/1754373965521494399" target="_blank" rel="noopener">Loma</a>, who has close to 300k followers on X, believes that the market focus has apparently shifted from BTC to meme coins and lower liquidity CEX tokens in January, a trend which could also continue in February and March.&nbsp; 
<img src="https://lh7-us.googleusercontent.com/c4yiIiVBuFUsWIYGs68i1hOXQ646J6wPPs6tIDb_F9agAUJ-fGgj2ZTzotZbcvi-EAdY-JGFbgbu4YDmZxsQ4mz38GyIxC7jEnmEzKp8m57PDkQ6gIBlXEvxlbpgbkQWgi2EVsM-0K2TXBU2qu6F7aQ" width="624" height="301" style="display: block; margin-left: auto; margin-right: auto;"> 
Another prominent crypto influencer <a href="https://x.com/CryptoTony__/status/1740472940993347756?s=20" target="_blank" rel="noopener">Crypto Tony</a>, who has close to 400x followers of his own, reveals that the market capital could be pivoting from Bitcoin to altcoins and meme coins, especially as the largest cryptocurrency faces several strong resistances.&nbsp; 
Indeed, the Bitcoin price is currently facing strong resistance at $44,000 - a level which BTC failed to flip on Monday as well. <a href="https://x.com/CryptoMichNL/status/1753867199486611710?s=20" target="_blank" rel="noopener">Michael van de Poppe</a> on MN Trading reveals that even if the bulls manage to breach this resistance, BTC would likely only see a marginal bounce to $48k.&nbsp; 
<img src="https://lh7-us.googleusercontent.com/Tlm3vJ9m9XeUOq6q1jsdkV-wOt2-aqr1YvSX70XR41kgK-zl_joa1ZPbpgKVvhaDKFvd2_V7Y6rX09a8YOHhFb-BBICQjhA_579q_bmLuLyWQxzApwzft3702g22oaNYNbaVZq7IQWGdfLa6aoEI4jw" width="624" height="171" style="display: block; margin-left: auto; margin-right: auto;"> 
On the other hand, new meme coins such as PepeFork ($PORK) are witnessing explosive growth. $PORK has already surged close to 500% over the past week, currently boasting a market capitalization of $250 million. The project’s founder Pauly believes that the new meme coin will hit the $1 billion mark in the coming weeks.&nbsp; 
Similarly, analysts are bullish on another new meme coin - <a href="https://shrt.care/b591bffa?referrer=traders-switch-to-meme-coins-predict-weak-bitcoin-price-action---is-this-new-crypto-the-next-pepe-or-dogecoin" target="_blank" rel="noopener">Meme Kombat</a> (MK), a Play-To-Earn token that has already raised over $8.2 million in its presale.&nbsp; 
<h2 dir="ltr" id="span-meme-kombat-next-dogecoin-or-pepe-span">Meme Kombat - Next Dogecoin Or Pepe?</h2> 
Meme Kombat is a high-utility meme token - one that features several in-demand trends including Play-To-Earn, staking and even artificial intelligence. As mentioned, $MK has been in high demand during its ICO, raising over $8.2 million in a span of a few weeks and even capturing the attention of crypto whales.&nbsp; 
Indeed, the admin of the <a href="https://t.me/whalepumpgroup23/1427" target="_blank" rel="noopener">Crypto Whale Pumps</a> channel on Telegram - which has close to 30k followers - recently announced that he has made a sizable investment into $MK. Just today on Tuesday, another whale invested close to $46k into $MK. 
<img src="https://lh7-us.googleusercontent.com/Tc0rZHUnhHD5DQV_HhsWV487UhHjl_vRGMOaSDkTz49tIhjnc_JMZuspgH_dzGX5OZra8LTnNmwrQ3miYp3DSeIZUchRqK1Hb_-V10INzA9eJXA7Ujag3Hz4-uJyQ0lNmP_3HaZCWWhfK6Wt-Rsi20U" width="624" height="156" style="display: block; margin-left: auto; margin-right: auto;"> 
&nbsp; 
Even the aforementioned trader <a href="https://x.com/CryptoTony__/status/1707501272872415415?s=20" target="_blank" rel="noopener">Crypto Tony</a> praised its price potential, citing its excellent tokenomics and P2E features.&nbsp; 
Meme Kombat is launching its own Web3 game, a virtual battle arena that will showcase the “Kombat of meme coins”. The platform will feature 11 fictional characters, each representing a popular meme coin such as Doge, Shib, Pepe, Floki, etc.&nbsp; 
<img src="https://lh7-us.googleusercontent.com/lPNyq2_WimBRY0_pt2sHNcmdF4I_42nKUNwF8uSbVH2vJrS2YWy_uG0ayOv-ezWqkLxNcP4BW_I8ntdxfFYfGOmHKI2dSO0DPLaxZD4FixRGv92U4_7C1UeTD5wER2xpMMTuMVfY3PP9kKNiFV_SlWQ" width="624" height="169" style="display: block; margin-left: auto; margin-right: auto;"> 
The fans of the aforementioned tokens can compete against each other in a fun and exciting battle, even betting on the outcome of the game. The battles will be AI-simulated and decided on-chain using random sequencing, keeping the results fair and balanced.&nbsp; 
Gamers can bet on their favourite character in various gaming modes such as player vs player, player vs game, direct betting or side-action betting.&nbsp; 
<h2 dir="ltr" id="span-earn-dual-income-with-meme-kombat-s-staking-program-span">Earn Dual Income With Meme Kombat’s Staking Program</h2> 
The Meme Kombat project has offered a passive income opportunity even for investors not interested in betting. They can simply stake their $MK holdings - starting from the presale itself - and enjoy returns at a lucrative APY.&nbsp; 
The Meme Kombat staking pool is currently offering an APY of 113%, which is much higher than the industry standard of 5% to 7%. With such profitable returns, it is no wonder that over 80% of all sold $MK tokens have already been staked.&nbsp; 
The staking feature also contributes towards the price stability and network safety of&nbsp; Meme Kombat. It incentivizes investors to hold their tokens for a longer period, which reduces the risk of pump-and-dump price action. To further ensure this, there is also a mandatory lock-in period of 10 days on all staked holdings.&nbsp; 
<h2 dir="ltr" id="span-could-meme-kombat-generate-10x-returns-span">Could Meme Kombat Generate 10x Returns?</h2> 
As previously mentioned, crypto influencers and analysts are bullish on Meme Kombat’s prospects due to its unique P2E and staking features. After all, high-utility meme coins are becoming the new trend, making utility-less tokens a thing of the past.&nbsp; 
However, investors are particularly thrilled by Meme Kombat’s unique commitment to transparency. The project has revealed the identity of all its key developers, including the founder Matt Whiteman. This allows investors to hold the devs accountable in case of any mishap, reducing the risk of any scam or rug-pull.&nbsp; 
<iframe width="560" height="315" src="https://www.youtube.com/embed/woZJYkZxZUU?si=ftQG8t1F1QrvGfLx" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
Consequently, crypto influencers such as Michael Wrubel and Jacob Bury believe that Meme Kombat could generate 100x returns in 2024, which would make it one of the best meme tokens to buy for the coming bull market.&nbsp; 
<a href="https://shrt.care/b591bffa?referrer=traders-switch-to-meme-coins-predict-weak-bitcoin-price-action---is-this-new-crypto-the-next-pepe-or-dogecoin" target="_blank" rel="noopener">Visit Meme Kombat Presale</a>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/traders-switch-to-meme-coins-predict-weak-bitcoin-price-action-is-this-new-crypto-the-next-pepe-or-dogecoin-tbt79048.html">https://thebittimes.com/traders-switch-to-meme-coins-predict-weak-bitcoin-price-action-is-this-new-crypto-the-next-pepe-or-dogecoin-tbt79048.html</a>

Traders Switch To Meme Coins, Predict Weak Bitcoin Price Action - Is This New Crypto The Next Pepe Or Dogecoin

Table of Contents

TheBitTimes

Other articles published on Feb 6, 2024

WisdomTree ‘Very Close’ to Securing New York License for Crypto Services: Fox Business

Mantra Price Prediction: OM Plunges 12% As Experts Say This New Green ICO Might Outperform Bitcoi...

Smart Crypto Picks For All Who Want to Become a Millionaire Before 30's

MultiversX blockchain data now embedded in global internet data streams via Google BigQuery

ETH price may repeat $2.7K January spike as Bitcoin cools — analysis

New and Best Meme Coins To Buy Tuesday, February 6 – Meme Kombat, Crepe, GM Wagmi, Baby Shiba Inu

Join our free newsletter for daily crypto updates!