Key takeaways
The cryptocurrency market has been consolidating in recent days, with BTC still below $43k.
Memeinator’s presale has officially crossed the $2.5 million barrier as stage ten moves on smoothly.&
Bitcoin consolidates around $42k
Bitcoin and other leading altcoins have been underperforming in the last 24 hours. The poor performance comes as the market consolidates following a positive start to the week.&
At press time, the price of Bitcoin stands at $42,65, down by less than 1% in the last 24 hours. Other major altcoins are also trading in the red zone. Memecoins including Dogecoin have also been underperforming.&
What is Memeinator?
Although the broader crypto market is underperforming today, Memeinator’s presale continues to surge ahead. Memeinator is a Web3 project that is launching as a meme token.&
The project aims to help content creators generate better content. This will be achieved by changing how people change and use memes. Memeinator intends to leverage the hype around meme coins by providing users with numerous use cases.
According to their roadmap, Memeinator’s primary focus will be to target and destroy worthless memes, ensuring that there is a higher level of quality content available to users.&
It is an exciting meme coin project because it offers real-world utility to users. Memeinator will leverage AI and blockchain technology to identify worthless memes, allowing users to know and steer clear of them.
The whitepaper has detailed information on how the team intend to build Memeinator to become a billion-dollar market cap project. The whitepaper contains various strategies the team will deploy over the coming months and years.&
The Memeinator presale is currently in its tenth stage and has raised more than $2.5 million so far. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.014 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing.&
Memeinator’s presale raises over $2.5 million
The Memeinator presale continues to attract more investors and its tenth stage is close to an end. The development team has raised more than $2.5 million of the $2.8 million target it set for the current stage.&
At the moment, Memeinator’s MMTR token can only be purchased using ETH, USDT and USDC stablecoins. Furthermore, the token is available to users on the Ethereum and BNChain blockchains.&
Click here to read more about the Memeinator presale.
Why is the Memeinator project valuable?
The Memeinator presale is moving fast thanks to the influx of investors into the project. It offers real-world utility and activities on the network would be powered by its native MMTR token.&
Memeinator will offer utility to degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as its services would be available to content creators.&
With the help of AI, Memeinator users can analyze and evaluate memes across the internet. Thus, allowing them to identify lower-quality memes and replace or destroy them.&
Per the whitepaper, MMTR token holders will enjoy numerous incentives thanks to its excellent features. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, centralized exchange listing and liquidity.&
Is the Memeinator a good buy?&
It is the investor’s decision to determine projects that are worthy. However, Memeinator could be one of the leading meme coins in the near future. With the right level of adoption, Memeinator could reach its billion-dollar market cap in the coming years.&
By leveraging AI and blockchain, Memeinator will deploy two of the leading global technologies to provide solutions to content creators. Currently, its MMTR token is still in presale and could record a massive value increase once it gets listed on cryptocurrency exchanges.
The post Memeinator’s presale officially hits $2.5M: Should you invest in the project now? appeared first on CoinJournal.
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