As Uptober continues to fuel dramatic on-chain moves, Big DOGE token (BDOGE) has skyrocketed +1,000 – but could it be too good to be true?
Recent weeks have seen a huge trend in explosive DEX launched tokens, with countless pump-and-dump moon-shots including APX, FTX, Thing, Jinbe and шайлушай.
Launched at just 15:00 on October 3, the sensational +1,000% upside move has seen few signs of slowing down – and rumour on X is now highlighting why.
Allegations of a token contract that blacklists buyers has sent alarm bells ringing through the on-chain community.
BDOGE Price Analysis: Is the Hype Real or is BDOGE a Scam?
As allegations of a scam erupt on X, a closer investigation reveals this might not be the case – with Big DOGE seemingly passing through most audits and honeypot detectors unchecked.
Indeed, across three audits by TokenSniffer, GoPlus, and Hapi – there has only been two red-flag a ‘max sell ratio’ detected by TokenSniffer and a ‘whitelist function’ (note: not blacklist).
Further investigation through a popular honeypot detector also found the token contract to be relatively safe – with no obvious problems flagged.
Overall then, despite the concerns of on-chain traders, rumours of a Big DOGE scam are likely to be false (Although can never be fully ruled out – highlighting the importance of doing your own due diligence).
Amid the allegations BDOGE continues to trade high in the channel, with Big DOGE currently trading at a market price of $0.009257 (representing a 24-hour change of +1,258%).
An ongoing multi-hour struggle with resistance from higher support at $0.0093 will make-or-break technical structure.
A push-high here could see BDOGE climb up to post a new ATH above $0.011, yet, downside risk is significant with the propensity to tumble back down lower support at $0.0078.
This leaves BDOGE with a risk: reward of 1.17 – a mediocre entry at the tail-end of some major gains.
But while on-chain traders are debating the legitimacy of Big DOGE, smart money have already moved onto an emerging meme coin presale betting big on crypto community divisions.
Meet Meme Kombat: Community Battles Meme Coin Surges to $267k Raised
Meet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.
So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?
The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.
Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.
With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there’s no shortage of action, and Season 2 is already on the horizon for December 2023.
The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable – every battle is a new experience, ensuring players stay engaged.
GambleFi Revolution? Meme Kombat Gamifies Staking, Rewards, and More
The project isn’t just about excitement; it’s built on a foundation of trust – Meme Kombat’s commitment to transparency is evident through initiatives like the impending security audit of their smart contract.
The findings of this audit will soon be public, a move that many projects shy away from.
The founder and project lead, Matt Whiteman, isn’t an unknown entity in the crypto space.
His experience spanning two decades in process design, combined with his position as the COO of North Technologies, adds credibility to Meme Kombat.
When so many projects hide behind the veil of anonymity, Whiteman’s open profile and the project’s physical address in Amsterdam offer an extra layer of trustworthiness.
The tokenomics of Meme Kombat is also an appealing factor for potential investors – Stake the Meme Kombat ($MK) token, priced attractively at $1.667, and dive into a rewarding ecosystem.
With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena – this dual functionality – earning while gaming – sets Meme Kombat apart.
Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.
With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.
By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.
For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss – so, don’t be left behind (stay tuned with the MK Telegram).
Embrace the future of meme-based gaming and betting with Meme Kombat.
Buy Meme Kombat Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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