Key takeaways
-
Shiba Inu is up by 7% in the last seven days and could be eyeing the $0.000011 level soon.
-
Memeinator’s presale is now approaching the $5 million mark.
The cryptocurrency market has been bullish this week and meme coins were not left out. SHIB, the native token of the Shiba Inu ecosystem, and Dogecoin, both recorded good gains over the last few days. Meanwhile, the Memeinator presale continues to set new milestones and is now close to the $5 million mark.
SHIB could rally towards $0.000011 soon
Shiba Inu, the second-largest meme coin by market cap, has been performing well over the last few days. It is up by more than 3% over the last 24 hours, allowing it to reach the $0.00001 level.
Over the last seven days, SHIB has added more than 7% to its value. Its positive performance comes as Bitcoin and the broader crypto market embarked on a rally in the last couple of days.
At press time, the price of Shiba Inu stands at $0.00001002. If the rally is sustained, SHIB could rally towards the $0.000011 level in the near term.
What is Memeinator?
Meme coins have been performing well in response to the broader crypto market’s rally. The positive performance is also felt within the ICO ecosystem, with the Memeinator presale now approaching an important milestone.
Before investing in the project, it is best to know what Memeinator is. Memeinator is a Web3 project that is working to make content creation better for people within the crypto space and beyond.
The team’s ultimate goal is to destroy worthless memes on the internet and promote the use of quality ones. They are developing a product that would be useful to content creators within the Web3 ecosystem and beyond.
Furthermore, the development team are also putting plans in place to ensure that Memeinator reaches at least $1 billion in market cap. This will be achieved thanks to Memeinator’s use of AI and blockchain to identify worthless memes, allowing users to know and avoid them.
So far, the Memeinator presale is in the 15th stage and has raised more than $4.7 million so far. Its native token, MMTR, began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early investors an amazing 132% ROI once it gets listed on crypto exchanges.
Upon the completion of the presale, the team will organise a Memeinator game where players will get a chance to eliminate enemy memes and win some exciting prizes.
Why is Memeinator’s presale approaching $5 million?
The Memeinator presale is close to hitting the $5 million milestone as the broader cryptocurrency market continues to rally higher. The project offers an excellent and unique value proposition to investors.
Memeinator intends to gain adoption thanks to its appealing nature to degens, crypto natives, speculators, and content creators. The tool will use AI to analyse and evaluate memes on the internet, identifying lower-quality memes to replace or “destroy. With Memeinator, content creators will have access to high-quality memes instead of the mediocre ones currently littering the internet.
The MMTR token will also offer a wide range of incentives to investors to attract them to hold and use the tokens. The first incentive is a reward for token holders. Secondly, MMTR has deflationary mechanisms which would help increase the token price as total supply decreases. Furthermore, 20% of the tokens are allocated for marketing, CEX listing and liquidity.
Click here to read more about the Memeinator presale.
Should you buy MMTR now?
MMTR could become one of the best-performing meme tokens in the upcoming bull cycle. This is thanks to Memeinator’s value proposition to investors. With the right level of adoption, MMTR’s price could surge higher in the coming months and years.
During the first stage, MMTR was sold at $0.01 per token and it now goes for $0.022. The price will increase to $0.0233 once the presale enters stage 16. The Memeinator presale has raised more than $4.7 million so far and is close to reaching the $4.9 Million target for the current stage.