DOGE eyes $0.2 following Elon Musk’s comment as Memeinator’s presale approaches $7m

DOGE eyes $0.2 following Elon Musk’s comment as Memeinator’s presale approaches $7m

By Hassan Maishera - min read
Updated 16 May 2024

Key takeaways

  • DOGE is approaching the $0.2 mark following Elon Musk’s recent speech.

  • The Memeinator presale will conclude in the next round and has raised nearly $7 million so far.

DOGE approaches $0.2

DOGE, the leading memecoin in the world, has been performing well over the last few days. The coin has added 25% to its value so far this week and could rally higher in the coming days.

At press time, the price of Dogecoin stands at $0.1858, up by 8% in the last 24 hours. The positive performance comes after Elon Musk revealed that his electric car company Telsa will enable DOGE payment in the future. 

Musk added that Bitcoin has been getting support from the rich in recent months but Dogecoin remains the coin of the people. 

What is Memeinator?

Following Musk’s comment, investors would be paying even closer attention to memecoins. One of the memecoins that could grab the attention of investors is Memeinator.

This project is unique in that it offers a use case that is currently not available to content creators. It is a Web3 project still in its presale stage, meaning its token price is relatively low. 

The project seeks to provide service to content creators who use memes. In the whitepaper, the development team laid out a series of strategies to help them turn Memeinator into one of the leading meme coins in the crypto space. 

Memeinator will launch as a meme coin to take advantage of the recent growth in trading volume and popularity of meme coins. The team wants Memeinator to reach a market cap of $1 billion, making it one of the leading meme coins in the crypto space. 

The main function of the Memeinator tool is to destroy worthless memes on the internet, allowing users to have access to only quality memes. This ensures that Memeinator provides utility to the users and incentives to the token holders. 

Memeinator presale raises over $6.5 million

The Memeinator presale is ending in the coming days or weeks. The project has raised $6.6 million so far and is currently in the 19th stage of the presale. According to the team, the presale will end in the 20th stage. 

The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0276. The price will rise to $0.0292 by the end of the presale, giving early investors a massive ROI at listing. 

Investors can purchase the MMTR token with relative ease. It can be purchased using ETH, USDT and USDC stablecoins. According to the team, the MMTR token will only be available on the BNBChain and Ethereum networks once it starts trading on crypto exchanges.

Click here to read more about the Memeinator presale.

Should you buy MMTR as the presale approaches the end? 

The Memeinator team has revealed that there is only one presale stage left. So far, it has raised $6.6 million of the required $7.1 million in the current presale stage. 

The Memeinator presale is selling fast, thanks to the unique value proposition the project offers to investors and the ongoing Bull Run. The tool will offer excellent value to investors as it will help eliminate worthless memes. MMTR will power various activities within the ecosystem. 

Most of the funds raised in the presale will be channelled towards developing the Memeinator AI technology. This technology will see Memeinator leverage AI to analyse and evaluate memes on the internet. 

In terms of tokenomics, the Memeinator team has allocated 20% of the total token supply to marketing, CEX listing and liquidity. With the right level of adoption and the ongoing Bull Run, Memeinator could become a major winner in the medium to long term.