Bitcoin trades above $37k: Will it reach the $40k psychological level soon?

Bitcoin trades above $37k: Will it reach the $40k psychological level soon?

By Hassan Maishera - min read

Key takeaways

  • Bitcoin is trading above $37k as the broader crypto market rallies higher. 

  • Memeinator has now raised more than $1.2 million as its presale attracts more investors.

Bitcoin eyes the $40k level

Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well over the last few weeks. It has added more than 7% to its value in the last seven days and the price of Bitcoin currently stands at $37,100 per coin.

The broader cryptocurrency market has also been rallying, with the total crypto market cap now at $1.4 trillion mark. If the bulls remain in control, Bitcoin could test the $40k resistance level in the short term. 

What is Memeinator?

Bitcoin and the other major cryptocurrencies have been rallying since the start of the week. With the market experiencing a rally, investors could be looking at new projects and Memeinator is one to keep an eye on. 

Memeinator is a Web3 project that is riding the meme coin wave and seeks to provide numerous utilities to users. The team focuses on eliminating worthless memes and improving content creation for users. 

Memeinator also wants to become one of the top meme coins in the cryptocurrency space. The project wants to leverage AI technology to identify worthless memes, allowing investors to know them and avoid them. 

The team pointed out that they will be working hard to ensure Memeinator reaches a $1 billion market cap in the medium term and would achieve this via massive adoption of its platform. 

The Memeinator presale is currently in its sixth stage and the team has raised more than $1.2 million. The MMTR price began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early-bird investors a whopping 132% ROI at listing.

Furthermore, the developers will launch a Memeinator game at the presale’s conclusion. The Memeinator game players will get to eliminate enemy memes to win some exciting prizes. 

Why is the Memeinator presale attracting more investors?

Memeinator continues to attract more investors thanks to its unique project proposition. The project is appealing to a wide range of audiences, from degens to crypto natives and speculators, giving it the opportunity to become a hit in the market. 

The platform will use AI to analyse and evaluate memes on the internet, identifying lower-quality memes to replace or “destroy. Memeinator is also dedicated to uplifting meme culture and quality.

Holders and network participants will be incentivized on the Memeinator network. The MMTR token has some excellent features, such as deflationary mechanisms and rewards for holders, incentivising the project for holders in the long term. 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

Click here to read more about the Memeinator presale.

Is the Memeinator a good investment? 

The Memeinator project has so far raised over $1.2 million since the presale began. The project is an exciting one for investors thanks to its use of AI technology to provide excellent value to investors in the medium and long term.

The team intends to grow the project to a billion-dollar market, and early investors would record huge profits if that happens. With the right level of adoption, Memeinator could become one of the top meme tokens in the cryptocurrency ecosystem.