As the crypto market surges amid Bitcoin’s price rally, meme coins have skyrocketed to push the sector’s market cap to above $60 billion. Pepe, Bonk, dogwifhat and Floki have all exploded more than 300% this past week as average trading volumes for the top meme coins reached 3,000%.
The frenzy has also cascaded into the presale market, with top trending project Memeinator hitting $5.5 million with 85% of the presale sold out.
Meme coins rally as volume spikes 3,000%
The past few weeks have seen a resurgence in meme coins. Bitcoin’s spike towards its previous bull cycle peak has helped drive the latest bounce for PEPE, Floki, Bonk, and other meme tokens. As the ecosystem heats up, meme tokens’ trading volume have hit staggering levels.
According to market intelligence platform Santiment, rising crypto prices and crowd sentiment has seen average trading volumes for Shiba Inu, Pepe, Floki and Bonk skyrocket 3,000% this past week. The surge in volume has coincided with parabolic gains for these tokens.
There have been gains for Dogecoin, the last bull market’s meme coin champion. DOGE price is up nearly 20% in the past 24 hours and 95% this past week.
During the previous bull cycle, the meme coin rose to highs of $0.73 – with much of the momentum benefitting from hype associated with Elon Musk’s tweets.
Memeinator takes aim at meme coin dominance
While top tokens such as Dogecoin and Shiba Inu and a host of others are skyrocketing, investors keen on more than the speculative frenzy are eyeing new project Memeinator (MMTR).
Memeinator is a groundbreaking AI and gaming meme coin that aims to dominate the cryptocurrency meme world. The innovative project’s main distinguishing factor, and which sets it apart from other meme coins, is the focus on the community and utility.
Rather than rely on hype and market speculation to see traction, the Memeinator wants to build a robust ecosystem underpinned by genuine utility for its native token MMTR. More on this below.
The token’s maximum supply is 1 billion tokens, with 62.5% allocated to the presale.
Memeinator: Key milestones as presale enters final stages?
Ahead of its highly anticipated launch, the Memeinator has achieved some key milestones. Notably, 85% of the presale is sold. Also, close to 130 million have already been burned and staking is already live, offering holders a chance to earn rewards as they help secure the network.
Meanwhile, its gamification strategy is taking shape with a major partnership with Red Apple Technologies struck earlier this year. The play-to-earn (P2E) game Meme Warfare will be the flagship product, but users will also have access to unique NTFs.
Overall, AI, crypto gaming and NFTs are three massive narratives for Memeinator. The confluence of upside momentum for these sectors amid the project’s upcoming launch could coalesce into a driving force that catapults MMTR higher. Currently, the MMTR presale price is just $0.0246 in stage 17.
Early investors have allocated over $5.5 million to the presale, with only 3 stages remaining before the tokens hit major exchanges. Check the presale page for more information.
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