What is MemeFi, the viral tap-to-earn game on Telegram?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 28 2024

MEMEFI-8.22%

TOKEN-2.14%

Should l Buy MEMEFI?

Overview of MemeFi: MemeFi is a tap-to-earn game on Telegram that combines meme culture with financial incentives, allowing players to earn tokens through engaging gameplay involving boss fights and clan raids. It operates on the Sui blockchain and aims to gamify cryptocurrency adoption.
Gameplay Features: Players can join clans, participate in battles against bosses, and utilize boosters to enhance their performance. The game includes community-driven elements, incentivized competition, and a multi-token economy that supports governance and gameplay activities.

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Technical Analysis for MEMEFI

Technical Sentiment Analysis for MemeFi (MEMEFI) As of , MemeFi (MEMEFI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MEMEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MEMEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

MemeFi (MEMEFI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0000598	0.000176	0.000282	0.000398	0.000504	0.000621	0.000727
Fibonacci	0.000176	0.000261	0.000313	0.000398	0.000483	0.000536	0.000621

About MEMEFI

MemeFi has emerged as a pioneer in the Telegram mini-app space, evolving from a simple idle tap-to-earn game into a sophisticated ecosystem with interconnected gaming mechanics. With over 55 million users and 10 million on-chain wallets, MemeFi has established itself as a leader in bridging the Telegram ecosystem with blockchain technology.At its core, MemeFi blends the addictive fun of mobile gaming with seamless integration into the Sui network, offering millions an accessible gateway to explore Web3. Its meme fantasy universe has transformed the app into more than just a game—it’s a recognizable brand that resonates with its community.A strong pipeline of user engagement powers MemeFi, combining the most appealing mobile gaming mechanics with innovative monetization strategies. Beyond gaming, MemeFi has launched the MemeFi Ads platform, creating a stable revenue stream that supports a solid business model and adds value for both users and partners.By focusing on accessibility, engagement, and long-term sustainability, MemeFi continues to build a platform that delivers value to its ecosystem and growing audience.Today’s Memefi Secret Tap Daily Combo Code [November 28-29, 2024]

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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