- Pepe has seen its price decline further amid a dwindling community.
- Memeinator is the new meme coin that could rip to the $1 billion market cap.
- Currently, the Memeinator is in stage 14 of a presale expected to end at stage 20.
Analysts remain bullish on crypto as altcoins mirror Bitcoin’s consolidation above the key $40k level. For instance, Coinbase analysts recently noted macro factors could trigger a crypto rally in the second quarter of the year.
Which meme coin could be a great opportunity ahead of this? Is it Pepe (PEPE) or Memeinator (MMTR)?
Pepe vs. Memeinator: Brief overview
Pepe is a meme coin that exploded onto the crypto scene in May 2023, giving staggering returns to early adopters amid massive meme coin speculation. But with price having declined by more than 79% since Pepe peaked, is the trend suggesting that this hyped token’s best is behind it?
Does this make Memeinator, a new meme coin offering real, long term value proposition stand out ahead of the projected Q2 rally?
Pepe outlook as price slides another 14%
Pepe (PEPE) price has declined 14% in the past week and more than 20% in the past month. The latest downside pressure on the meme coin is likely to extend the rot to levels seen in September.
While it remains one of the top meme tokens by market cap in the sector, it lacks any inherent utility. Its dwindling community means investors may be looking elsewhere.
Also notable is the resurgence for top dog-themed meme coin Dogecoin (DOGE). With recent gains pushing its market cap to $11 billion, Dogecoin is likely attracting holders dumping Pepe and other weak dog-themed clone meme tokens.
In this context, fading hype has PEPE price facing further declines and could add to the 79% dip the token’s value has seen since its peak in May 2023. With its market cap having shrunk to under $400 million, PEPE is below both Bonk and CorgiAI. If the losses continue, it could soon drop out of the top 10 meme coins by market cap rank.
Here’s why Memeinator looks poised to overtake Pepe
Memeinator, which is in presale, is emerging as the top new meme coin ahead of the bull rally.
As investors exit Pepe, one of the projects to see a major influx is Memeinator. The main driver here is the Memeinator’s mission for the meme coin space – deliver judgement to worthless meme tokens via a community-driven game.
A recent partnership with a major game developer adds to what makes Memeinator different from conventional meme coins. As the project looks to bring the gamified meme to the public, its native MMTR token is currently the hottest presale in the market.
For this blockchain and AI-enabled project, there’s also underlying real value to the ecosystem through staking and the NFT platform.
The integration of MMTR into the gaming and staking component adds a layer of long-term utility, setting Memeinator apart from the heavy speculation that dominates Dogecoin copycats. This outlook is driving interest in the MMTR presale. So far, early investors have allocated a total of over $4.1 million in stage 14.
Memeinator’s token sale will end at stage 20 and see MMTR price rise to $0.0292. The Memeinator targets the $1 billion market on launch. Currently, the token’s value is at $0.0208.
