The cryptocurrency market is setting up for potentially more upside momentum following a week of increased volatility. After Bitcoin, Ethereum, Solana and Avalanche posted huge gains to start the week, a new buoyancy is permeating the broader altcoin sector.
Dogecoin (DOGE), which fell out of the top 10 by market cap, is among coins eyeing a new push. The meme coin is up and could retest a key price level soon. Meanwhile, the crypto investment space is teeming with opportunity and Memeinator (MMTR) is turning out as the market’s choice.
Dogecoin (DOGE) seeks fresh bounce to $0.1
Dogecoin (DOGE) remains the top meme coin with a market cap of over $11.8 billion. Ranked 12th on CoinGecko, Dogecoin is trading green across the board, with 24-hour market activity up 22%. The meme coin is recording an average of $400 million worth of trades across exchanges on the daily time frame.
After recent rejections above the $0.1 level, Dogecoin price is once again targeting the psychological zone. According to data from Coinglass, open interest in DOGE is up more than 7% at $508 million.
With BTC hovering above $50k and likely to rally higher, the bullish momentum will cascade into altcoins. Meme coins like Bonk, Myro, Shiba Inu and Floki are likely to see greater gains, while DOGE could reclaim the $0.1 area as support.
Memeinator (MMTR) makes case for top meme coin
Memeinator is a new meme coin project that analysts say could one of the best AI-enabled crypto ecosystems in the industry. The project launched its presale last year and has accelerated in recent weeks as the final stage draws closer.
The project, which features a robust utility and tokenomics outlook, seeks to dominate the entire meme coin world. It will start by taking out subpar tokens as it targets the $1 billion market cap, before rising its strong utility and traction to challenge the top dogs Dogecoin and Shiba Inu.
Why buy Memeinator (MMTR)?
Memeinator’s token burn mechanism, staking rewards and NFT collection combines with the Meme Warfare game to offer a vibrant ecosystem with numerous passive income avenues. The focus on utility and community benefit sets the project apart from the proliferation of copycats that only eye short-term gains via hype and speculation.
Investors have taken note of this and are flocking to the MMTR presale. With the likes of Bonk, Myro and Pepe having recorded massive surges, market analysts are bullish on what Memeinator can achieve post its presale. Should MMTR launch as anticipated, the bullish environment could provide an upside catalyst that pushes Memeinator higher.
Learn about the partnership with Red Apple Technologies and what this could mean for Memeinator (MMTR). More on this and the presale is on the project’s official website.
