- Decentraland (MANA): Analyst on short term outlook for MANA as sell signal appears on weekly chart.
- New meme coin Memeinator has raised over $2 million in its presale.
- MMTR could benefit from bullish meme coin market post-launch.
Decentraland (MANA)’s 12% gains in the past 30 days pales in comparison to the tenfold surge seen with today’s hottest meme coin Bonk (BONK). But could this be a good time to buy MANA? What about the new meme coin Memeinator?
Here’s an analyst’s prediction for Decentraland. You can also read about Memeinator, a new project in presale attracting investors as the crypto market eyes upside momentum.
Decentraland (MANA): Analyst on short term outlook for MANA
MANA is one of the crypto tokens that have continued to struggle for any momentum since the crash during the bear market.
According to data from CoinGecko, MANA price is currently only 31% up in the past year. While MANA/USD is up 12% this past month, it’s down 3% in the past week. Its market cap was just over $916 million at the time of writing.
The metaverse token has dropped 2.7% in the past 24 hours and could see fresh dipping as a sell signal appears on the weekly chart.
According to crypto analyst Ali, the TD Sequential indicator that has reliably pinpointed local bottoms for MANA since June has flashed a sell signal on the weekly chart. The indicator hints at a potential price correction for MANA.
If the token’s price falls below the key support of $0.40, it could seek support in the demand reload zone around $0.29-0.27.
Invalidation though could buoy bulls and bring a potential spike to $1 into play. A resurgence in the metaverse and crypto gaming space could help ignite fresh belief in Decentraland going into 2024.
MANA price reached an all-time high of $5.85 in November 2021. With prices significantly lower, a fraction of a bet on its rebound at current levels might add to a diversified portfolio.
Memeinator: What’s this AI meme coin about?
Memeinator is a new AI meme cryptocurrency targeting its entry into the market by the end of the first quarter of 2024. Currently, Memeinator’s token MMTR is in presale.
This Terminator-inspired meme coin project has its eyes on a $1 billion market cap. The mission is to locate and terminate weak and worthless dog-themed or other internent meme tokens.
A play-to-earn game, NFT collection and staking program as well as clear roadmap and marketing campaign is a confluence of factors and features likely to set this project apart from most other meme tokens.
Notably, the offering of real value to the community has the MMTR presale attracting significant interest. The recent MMTR token burn and opening of staking – over $10 million MMTR has been staked so far – are also crucial metrics hinting at the Memeinator’s future outlook.
Memeinator presale
More than $2 million has been raised in the MMTR presale so far and investors likely to have missed the Bonk (BONK) surge could see an opportunity in Memeinator. The token is priced at $0.0148 at stage 8 of the presale and will rise throughout to final presale offer of $0.049.
Post launch, landing on top exchanges could see the post-launch price of MMTR benefit from multiple tailwinds.
However, its always advisable that investors carry out their own due diligence before putting their hard-earned money into any project. For the Memeinator, anyone interested can find out more from their whitepaper or on the official presale page.
