As cryptocurrency investors take profits after recent gains, a few coins are standing out as potentially great buy opportunities.
JasmyCoin (JASMY) skyrocketed more than 50% on Wednesday to outpace all top altcoins as Bitcoin struggled around $51k. Meanwhile, the remarkable pace of Memeinator’s presale continued as the project hit $4.86 million raised.
JasmyCoin jumps 50% as BTC struggles near $51k
JasmyCoin (JASMY) price outperformed most tokens today and continued its huge upward movement following this past week’s 140% surge.
The crypto project, which enjoys a massive following in Japan, has soared more than 50% in the past 24 hours to trade above $0.014. The project’s market cap as at the time of writing was $763 million. JasmyCoin has a total supply of 50 billion and circulating supply of 48,419,999,999 JASMY tokens.
But what’s driving the JASMY price higher?
Apart from the overall improvement in sentiment within the Japanese regulatory space, one factor likely to be helping JASMY higher is whale activity. On-chain data shows two large holders withdrew over 665 million JASMY tokens worth about $5.4 million from Coinbase.
Developments around JASMY trading on Binance (currently in innovation zone) and potential impact of Bitcoin halving on altcoins are also factors likely to help the project. The target of $1 billion market cap and price above $0.1 will be huge for bulls.
Memeinator presale 75% sold out
Memeinator’s presale has hit $4.89 million raised in stage 15, staking a claim as one of the top ICO tokens in the market today.
The gaming segment that features an AI game is a key factor – and the Red Apple Technologies partnership is already a major first milestone for Memeinator in regard to this. The utility element solidifies the overall outlook for MMTR with the staking and NFTs features. Potential dominance in the memesphere means the native MMTR token could be one of the top altcoins to buy now.
Can Memeinator be a good investment?
One of the key driving factors for MMTR price post-launch will be the massive traction the project is set to garner down the road. However, it is not the Memeinator’s growth into a dominant crypto project that makes it stand out.
Investors are attracted to it from an investment point of view. At current prices of $0.022, MMTR has seen an increase of 120% in presale value. With five stages to go to the end of the ICO, the Memeinator token will jump to $0.0292, possibly listing at a higher value when it hits exchanges.
As Bitcoin is still bullish above $50k and Ethereum’s retest of $3k suggests buyers are in charge, there may be no better time to load up on MMTR. The world’s top utility-focused token has the potential to outpace the meme coin market.
Joining the presale today may still offer better returns for investors than most of the meme coins that the Memeinator will overtake when it launches.
