Key takeaways
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The US SEC approved all eleven spot Bitcoin ETF applications earlier this week.
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Memeinator’s presale is now closing in on the $3.5 million mark.
It is a historic week for the cryptocurrency market as the US Securities and Exchange Commission (SEC) approved all eleven spot Bitcoin exchange-traded funds (ETF) applications.
With that, Memeinator’s presale continues to soar higher and is now closing in on an important milestone.
Bitcoin ETFs go live in the United States
The US SEC approved all eleven spot Bitcoin ETF applications on Wednesday. This approval opens the floodgates for institutional investors to directly participate in the cryptocurrency market through exchange-traded funds. It also provides a more regulated and accessible avenue for BTC investment.
The eleven spot Bitcoin ETFs are already trading on various exchanges and posted a $4.5 billion trading volume on the first day. However, Bitcoin’s price is yet to substantially appreciate following this latest development. At press time, the price of Bitcoin stands at $45,959 per coin.
What is Memeinator?
As Bitcoin enjoys its historic week, Memeinator’s presale continues to rally higher. Memeinator is a Web3 project that will launch as a meme token and provide utility to those that use memes.
The development team have their sights set on making sure Memeinator becomes one of the leading meme coins in the cryptocurrency space. It has a unique project perspective and is offering value to investors and content creators.
Memeinator launching as a meme coin is to take advantage of the recent growth in trading volume and popularity of meme coins.
Per the whitepaper, Memeinator will destroy worthless memes on the internet, allowing users to have access to only quality memes. What makes Memeinator an exceptional project is the fact that it provides utility to the users and incentives to the token holders.
AI technology would enable Memeinator to identify worthless memes, enabling content creators and other users to know them and steer clear of them. The development team have a $1 billion market cap target for Memeinator once it begins trading on crypto exchanges.
The Memeinator presale continues to record excellent numbers. The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0186. The price will rise to $0.0485 by the end of the presale, giving early investors a massive 264% ROI at listing.
Memeinator’s presale approaches $3.5 million
The Memeinator presale launched three months ago and so far, the project has raised more than $3.5 million from investors. Buying into this project is very easy as investors can purchase the Memeinator token (MMTR) using ETH, USDT and USDC stablecoins.
At launch, the MMTR token will only be available on the BNBChain and Ethereum networks. However, the token could launch on other blockchains as it seeks to reach a wider audience.
Interested investors can purchase the MMTR token by connecting any of the supported wallets to the Memeinator website and purchase the tokens using ETH, USDT and USDC coins.
Click here to read more about the Memeinator presale.
Why is the Memeinator presale setting new milestones?
The Memeinator presale broke past the $3 million milestone a few days ago and is now set to surpass $3.5 million in the coming hours or days. The presale is selling fast thanks to the unique value proposition the project offers to investors. The Memeinator team is working hard to ensure a better content creation process for users by eliminating worthless memes.
Its native token will power several activities within the ecosystem. Per the whitepaper, most of the funds would be used to develop the Memeinator AI technology. This will allow Memeinator to leverage AI to analyze and evaluate memes on the internet. Thus, giving the project massive adoption amongst content creators and other groups of users.
The MMTR token comes with some exciting features, including deflationary mechanisms and rewards for holders. According to their whitepaper, 20% of the tokens are allocated for marketing, CEX listing and liquidity.
Is the Memeinator still worth it?
Memeinator might be in the 12th presale stage but it could still hold massive potential for investors. It could be an excellent project for investors in the coming months and years.
The project’s use of AI and blockchain technology makes it one of the few meme coins that is leveraging two exciting technologies. If the development team execute their plans, Memeinator could become a billion-dollar cryptocurrency project in the coming months or years.