Axie Infinity’s native token AXS saw intense volatility this week. After crashing from over $9 down below $8 amidst broader crypto market downturn, AXS prices consolidated around the $8.13 level. However, while Axie Infinity pioneered the play-to-earn gaming concept, a new token is set to take the crypto-gaming crown in 2024 – Meme Kombat.
For the uninitiated, Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.
AXS Price Analysis
After failing to break out from an ascending channel, AXS prices dropped below $9 before finding support around $8. We now await a second attempt to break past the $9.50 resistance level. Clearing this would resume the ongoing uptrend, with the next target at $12.50. To invalidate the bullish outlook, prices need to close below the $8.50 swing low.
Zooming out, AXS remains in a long-term uptrend across the shorter and longer timeframes, reports altFINS. However, bearish MACD divergence shows waning upside momentum. The RSI hovers at 50, reflecting the consolidation.
Source: altFINS
Strong support exists around $7.00, which had previously flipped to resistance. Below that sits the psychological $6.00 level. To the upside, the channel resistance turned support near $9.50 is the initial test. A daily close above that sets sights on $12.50 next.
AXS’s current market cap stands at around $1.1 billion, a far cry from its 2021 peak of $44 billion.
Some analysts believe the gaming industry will be one of the top-performing sectors in the next crypto bull run expected around 2024/2025. For example, influencer Michaël van de Poppe tweeted to his 670k+ followers: “Metaverse, Gaming, and AI are still going to be massive. Small caps can generate a significant return…”
So which gaming token can provide those sought-after major returns in 2024 and beyond? This is where Meme Kombat enters the picture.
Introducing Meme Kombat – The Next Big Thing in Crypto Gaming
Meme Kombat takes inspiration from the concept of Axie Infinity while forging its own path. This fledgling crypto-gaming platform has already raised over $6 million in presale, with its MK token currently selling for $0.279/token. The value is set to increase at each stage of the ongoing presale.
The game features battles between the most famous meme coin mascots. The initial roster contains 11 meme coin fighters, each with unique skills, strengths and weaknesses.
However, unlike Axie Infinity, Meme Kombat does not use NFTs. Gameplay relies solely on its native MK token.
An in-built AI manages battles and graphics. It factors in characters’ traits and certain gaming mechanics to determine match outcomes. Players simply wage on fight winners to earn MK token rewards.
To play, users purchase and stake MK tokens. A portion of staked tokens are then wagered in two game modes:
- Player Vs Player (PVP): Wage other players on match results.
- Player Vs Game (PVG): Wage against algorithmic odds.
Both modes cater to different gaming preferences. PVP enables direct competition with fellow players. PVG focuses on probability-based strategies. Players can also wage on real-time fights.
For transparency, all results are recorded on-chain. Staked tokens not used for wagers generate additional MK rewards.
During the presale, 50% of the total supply is available for purchase. 30% supports staking/gameplay, and 20% provides liquidity and community initiatives.
This forward-thinking design demonstrates the serious long-term ambitions. It’s a big reason behind the runaway presale success, cementing MK’s status as a hot gaming coin for 2024.
The Case for Meme Kombat
Meme Kombat intends to succeed where previous crypto-gaming models have struggled. Axie Infinity provided a glimpse into the play-to-earn future but ultimately succumbed to declining user activity.
Its compounded issues like high onboarding costs, pay-to-win mechanics, and unrealistic earning potential eventually eroded its lofty status.
Meme Kombat looks to avoid similar pitfalls with some standout features:
- Accessibility – No upfront NFT purchases required to play. This lowers barriers to entry compared to Axie Infinity.
- Sustainability – Multi-token economy and staking incentives support price stability and earnings longevity.
- Fair Gameplay – Matchmaking algorithms prevent pay-to-win issues. Teams get handicaps to ensure balanced fights.
- Ongoing Development – Regular new fighter releases and new features releases.
The presale statistics speak volumes about investor confidence in the project. With major exchange listings anticipated post-presale, the Meme Kombat train may just be getting started.
Conclusion
While Axie Infinity still boasts a sizable player base, its best days appear behind it. Meme Kombat now looks primed to seize the crypto-gaming crown in 2024 and beyond.
Its strong tokenomics, accessibility, and fairness set it apart from previous attempts at blockchain gaming. If the presale hype converts into post-launch success, Meme Kombat could end 2024 as the market’s top gaming token.
Early adopters still have a chance to get in on the action while 50% of tokens remain available at steadily increasing presale prices. Come 2025, MK has the potential to see significant growth based on the project’s solid foundations. The presale presents an early bird opportunity for those interested in the future of crypto gaming.
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