- Memeinator strengthens market outlook as presale surpasses $2.5M
- Bitcoin and Ethereum prices have surged to key levels as analysts point to bullish momentum.
- MMTR price could explode post presale, helped by a surging crypto market.
Optimism is running high within the crypto market, with most investors bullish ahead of a potential spot Bitcoin ETF approval. Amid this sentiment is the understanding that now could be the best time to position oneself for the potential bull run.
A few altcoins are emerging as serious bull market bets, and new token Memeinator is making huge waves in the presale market to suggest it could be one of the projects to watch.
Bitcoin poised as Ethereum price breaks above $2.4k
As Bitcoin retested the $43,000 price level on Thursday, Ethereum was looking to strengthen above $2,400. The outlook for the two leading cryptocurrencies by market cap has enthusiasm across the sector elevated once again, particularly ahead of a highly anticipated spot Bitcoin ETF approval.
The expectation is that the Securities and Exchange Commission (SEC) will give its not to the first spot Bitcoin ETF for the US market at least by January 10, 2024. Many analysts have opined that a positive outcome around this event could spark a mammoth upside wave for crypto.
Base predictions, including by analysts at Standard Chartered, suggests a run to highs of $120k by end of the year for BTC. For Ethereum, a return to highs seen during the previous bull cycle and $5,000 is possible. Some analysts see ETH at $10,000 during the 2024-2025 market cycle.
What does this BTC, ETH outlook mean for Memeinator (MMTR)?
Memeinator is a new meme coin project that has the potential to mirror not just the overall crypto market, but performances of some of the top meme coins to recently rip hard.
The key selling point for this project is its quest to distinguish itself from the worthless meme tokens that currently swarm the crypto market.
Most of these projects lack real utility and often fade fast after the initial hype.
Memeinator wants to wipe these puny tokens off the meme coin map, leveraging AI to power its Memescanner and Meme Warfare game. Combining the long-term value of a gamified ecosystem with staking and NFTs, the project will seek to quickly engulf useless tokens on its way to achieving a $1 billion market cap.
Memeinator presale surpasses $2.5 million
Investor confidence has seen Memeinator attract over $2.5 million from global investors in its first 10 stages – the last of which only lasted six days.
After the recent move to cut six stages from the presale, MMTR is available for $0.0166 and is expected to rise to $0.0292 in stage 20. With the token sale accelerating, joining now could translate to 65% returns on MMTR by the time the token launches on major exchanges.
Could the bullish sentiment around major cryptocurrencies catalyse gains for Memeinator post its presale?
Bonk and Pepe are among tokens to manage parabolic returns despite a lack of genuine utility. The suggestion here is that Memeinator’s likely triumph over worthless meme coins will buoy its future outlook.
As market analysts have suggested, hidden gems can be unearthed anytime in the crypto space, and MMTR looks poised to be one of them given its tokenomics and utility. However, other factors could come into play, including whether the team delivers on the roadmap milestones as highlighted on their website.
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