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Home News Memeinator cements hottest meme coin tag as presale hits $1.47M

Memeinator cements hottest meme coin tag as presale hits $1.47M

Benson Toti
Benson Toti
Benson Toti
Author:
Benson Toti
Reporter
Benson reports news and analyzes markets for BanklessTimes, interviewing key figures. An investor since 2008, he joined the crypto wave in 2017, contributing to The Coin Habit, CoinJournal, Bitcoin Insider, and TechinAfrica.
November 22nd, 2023
  • Memeinator presale has hit $1.47 million as crypto and AI events dominate market headlines.
  • Social media frenzy as Memeinator's space trip giveaway attracts over 360k entries.
  • MMTR is currently priced at $0.0133 but will soon jump to $0.014 when presale moves to stage 7.

Memeinator is looking to be the coin that rules the new world of crypto meme, and its presale performance suggests just that. With over $1.47 million generated within weeks, the project’s goal of reaching a $1 billion market cap when it launches is getting some serious boost.

Given the market reaction to this week’s major events in both crypto and AI, the one question investors might want to ask is: is crypto ready for Memeinator (MMTR)?

Crypto and AI narratives – bullish despite crazy week?

Drama might not fully describe the events at artificial intelligence company OpenAI. Meanwhile, the resignation of former Binance CEO Changpeng Zhao came as a shocker to many within the crypto industry.

OpenAI first fired then reinstated CEO Sam Altman, and Binance’s CZ stepped down as his company agrees to pay $4.3 billion to settle with the DOJ – one of the market’s biggest financial penalties. But despite the immediate reactions, both events are being lined up as likely markers of the next step for the respective industries.

In crypto, CZ’s resignation is being looked at as a positive. The Binance founder himself says he made mistakes, but he sees crypto taking the next step without him.

Altman’s quick reinstatement points to a realization of the important role he could have in terms of the company’s growth. Microsoft, which had announced it was hiring Altman, will continue to back the tech startup – perhaps putting it at a better position to see commercial growth while maintaining its non-profit ethos.

A quickly crowding field though could be yet be dominated by top companies such as Anthropic and xAI’s Grok.

Taken as a whole, the narratives that could drive the next investment juggernauts is what Memeinator is built on: crypto resilience and AI.

Memeinator: What to know about this meme coin

Memeinator is a new cryptocurrency meme that comes with a clear goal and target: use AI to terminate all weak meme tokens and hit the $1 billion market cap.

At the project’s heart is the quest to provide real utility to its community, something most of the Dogecoin copy-cats do not have. The project seeks to combine powerful marketing leveraging AI tools with innovative product launches, including a highly anticipated game. Other notable features are staking and NFTs and gaming.

Memeinator- social media frenzy

The Memeinator roadmap highlights the development phases of the project, which when delivered as intended, promises to be the game-changer the meme coin ecosystem has been waiting for.

From milestones such as team formation, Memeinator has embarked on growing its community amid the presale.

Currently, its X followers number over 7.6k, while its Virgin Galatic giveaway (accessible here) has attracted 339,000+ entries. The Discord channel has more than 7k members. These numbers, particularly on social media, pale when compared to Dogecoin’s or Shiba Inu’s.

However, this is a new project whose clearly defined roadmap and genuine utility means hitting 3.8 million on X like DOGE won’t be such a big ask.

Can Memeinator be a good long term bet?

After the presale, MMTR will launch on popular CEX and DEX exchanges. Staking and NFTs will also go live during this phase. Meanwhile, the “search and destroy” weak meme coins stage will begin with the unveiling of the Memescanner and Memeinator game: Meme Warfare.

As a community-owned crypto project, utility means the objective of taking out low-quality dog, frog or other meme-inspired tokens could see massive support via the P2E gaming offer.

The value that MMTR holders are likely to accrue from their holdings may continue to drive Memeinator price higher long term. With price at $0.0133 and set to hit $.0485 in the final presale stage, market projections suggests buying now is still potentially a lucrative stage at which to make an entry.

You can learn more about this project on their presale page.

Contributors

Benson Toti
Reporter
Benson reports news and analyzes markets for BanklessTimes, interviewing key figures. An investor since 2008, he joined the crypto wave in 2017, contributing to The Coin Habit, CoinJournal, Bitcoin Insider, and TechinAfrica.