Crypto investors were rocked recently by the BlackRock ETF fiasco that saw investors lose $84 million across several exchanges after a tweet from leading crypto news outlet Cointelegraph. After tweeting that US regulators had finally approved BlackRock’s Bitcoin exchange-traded fund (ETF) to its two million-plus followers, Cointelegraph prompted a spike in the price of Bitcoin (BTC) of more than 7% to more than $30,000. There was only one issue: the post was false.
The Blackrock ETF fiasco has unexpectedly impacted some parts of the crypto market, with brand-new meme coin Memeinator’s ICO receiving a boost from investors seeking new opportunities. Experts are now wondering whether this rise in Memeinator’s fortunes could signify a new era for meme coins.
Cointelegraph and its errant tweet
On Monday, 16th October, just after 9 a.m., leading crypto news outlet Cointelegraph tweeted that the US Securities and Exchange Commission had approved the long-anticipated BlackRock ETF. As investors flocked to send the Bitcoin price upwards, those that had shortened the price were liquidated by $84 million across several exchanges.
Within 20 minutes of the initial post going out, BlackRock clarified that the ETF was still under review by the SEC, and the price of Bitcoin plummeted. Ten minutes later, Cointelegraph deleted its initial tweet before posting an apology.
While Cointelegraph later posted a mea culpa, recognizing that “our actions have serious ramifications across the cryptocurrency community,” the damage had been done with the BlackRock ETF fiasco costing thousands of investors millions of dollars within minutes.
As the fallout of the BlackRock ETF fiasco continues, the rebel meme coin Memeinator’s relentless bid to become a top meme coin does likewise.
What is Memeinator, and how does it work?
Memeinator is a meme coin from the future sent to the past with two defined missions. Firstly, to revolutionize the meme coin landscape by banishing the weakest of the genre, which litter the market, to allow only the strongest to survive. As the memory of Pepe Coin’s impressive opening on the market six months ago remains, several zero-value imitators are flooding the market, muddying the waters for investors seeking genuine value.
Memeinator is uniting a substantial grassroots movement of crypto fans behind a single clarion call: to improve the quality of meme coin culture for present and future generations while growing itself to become the next $1 billion cryptocurrency by market cap.
To achieve this aim, Memeinator brings a unique level of innovation to its ecosystem compared to other meme coins. For example, artificial intelligence technology powers its Memescanner tool to scan the internet for low-value meme coins, turns them into character form, and dynamically feeds them into the platform’s shoot-em-up game, Meme Warfare. There, players embody Memeinator, seeking out these subpar tokens, and eliminating them.
This functionality is powered by the native MMTR token, already seen as one of the best crypto investments of 2023, even in its early presale stages. With plans to diversify its ecosystem with a new, exciting NFT project in development and token staking mechanisms available for coin holders to earn a passive yield, the sky's the limit for this exciting new meme coin prospect.
Judgment Day has passed; the MMTR ICO is open!
Don’t be fooled; Memeinator isn’t all pioneering tech, gaming prowess, and noble causes. It’s also bursting with appealing branding, taking inspiration from the well-loved Terminator movie franchise. After announcing its crypto presale on Judgment Day, 29th August, Memeinator embarked on a 29-day countdown before the 29-step presale kicked off on 27th September.
The MMTR token launched at $0.01 each and will grow between 5 and 6% with each stage before ending the ICO at $0.049. Earliest-stage investors quick enough to get involved with the presale at the first step can see a staggering 390% gain during the ICO, making it unquestionably one of the most potentially profitable presales.
And, as if ground-breaking technology, a unique use case, and inspired branding weren’t enough, Memeinator is the gift that keeps on giving with several competitions and giveaways throughout its ICO. Boosted by terrific deflationary tokenomics, 7.5% of the presale token allocation has been reserved for these competitions. The first prize is an all-expenses-paid trip into outer space with Virgin Galactic.
How high can Memeinator go?
With experts predicting a bull market in 2025 following the next Bitcoin halving event next year, Memeinator’s launch couldn’t be more perfectly timed. After hitting leading crypto exchanges at $0.049 once the ICO concludes, analysts are already exploring the likely price action of the MMTR token, with many predicting bullish behavior from the off.
Forecasts are that the coin could surpass the $0.50 mark next year. That would generate at least 10x returns for all ICO investors and take Memeinator halfway towards achieving a $1 billion market valuation. Considering the performance of pointless coins such as Pepe and Floki Inu, Memeinator’s combination of utility, deflationary tokenomics, and long-term appeal could push it to serious heights before the next bull run.
Is Memeinator ushering in a new era for meme coins?
The damage of the BlackRock ETF fiasco and Cointelegraph tweet looks to have been contained without spilling over to affect the broader crypto markets, making it excellent news for Memeinator.
It’s too early to say whether Memeinator is kicking off a new era for meme coins, as with all revolutionary movements throughout history. It is building from the ground up with its legions of disaffected meme coin fans. Thanks to its mix of trailblazing new technologies, excellent appeal, and ambitious aims, it’s no wonder so many investors are already jumping aboard the Memeinator hype train.
With MMTR currently valued at $0.0125, there’s no better time to be part of history’s next great revolution. Buy your MMTR tokens today and avoid FOMO.
Join what’s likely to be the best ICO of the year by visiting the official Memeinator website.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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