- The Pyth Network airdrop is live and could benefit up to 90,000 early network users.
- Memeinator (MMTR) is getting more attention amid presale and $250k giveaway.
- Meanwhile, crypto remains abuzz with bullish sentiment permeating the market despite latest SEC lawsuit against Kraken.
Crypto is abuzz amid what is shaping to be one of the most eventful weeks for the sector in recent months. With the US Securities and Exchange Commission (SEC) suing crypto exchange Kraken, Bittrex Global winding down operations and Binance reportedly being asked for $4 billion for the DOJ to end its criminal investigation, it’s been one big story after the other.
Bitcoin remains above $37k and Ethereum is holding above $2k. Tucked in there, and commanding a fair share of attention is the Pyth Network airdrop and the crypto presale of Memeinator (MMTR). For the latter, a $250k Virgin Galactic giveaway is a hot competition that promises to be one of the biggest offers in crypto this year.
Here we look at the PYTH airdrop and highlight why the interest in Memeinator might just be starting as the project storms through its token sale.
PYTH airdrop rolls out, with 90,000 wallets to benefit
Pyth Network is a blockchain oracle firm that seeks to bring “real-time” data feeds to the market. Like Chainlink, the goal is to bring real world data on-chain, bridging the gap between traditional finance and decentralised finance.
The oracle service’s retrospective airdrop comes as the blockchain platform’s permissionless mainnet and governance launched. Up to 90,000 wallets that had interacted with decentralised finance protocols across 27 blockchains are set to benefit.
What is the price of PYTH?
With PYTH as the governance token, users can stake them to participate in Pyth Network’s development by voting on community proposals. PYTH has a total supply of 10 billion tokens, with 1.5 billion currently in circulation.
The price of PYTH rose to an all-time high above $0.53 on Monday, before paring the gains and currently trades near $0.36. If the market continues to defy the negativity wrought by SEC’s latest lawsuit against crypto exchange Kraken, reclaiming an upward trajectory could see PYTH break the $1 mark before the end of the year.
The Memeinator – the new AI meme
As far as memecoins go, a flip in sentiment for the likes of Dogecoin and Shiba Inu has the market excited for what might be the next breakout token.
The Memeinator, a new meme token powered by artificial intelligence (AI), is looking to claim that spot among a host of emerging projects across the industry. But rather than seek to mimic current dog-inspired coins, its goal is to rise to the top by providing real utility to the community.
MMTR, its native token is thus one likely to attract users from many of the worthless meme tokens currently littering the crypto market. And the Memeinator’s target is to purge crypto of these low quality, scam tokens via a clear roadmap, tokenomics and products.
It means the Memeinator will not just rely on marketing and hype. Instead, it promises a robust ecosystem defined with features such as staking, NFT trading and play-to-earn via its highly Memeinator Warfare Game.
MMTR presale – investors eye future of meme coins
As the PYTH community celebrates the airdrop, those eyeing a would-be experience of a lifetime are looking at Memeinator. So far, the MMTR presale, which has seen early birds position themselves with over $1.4 million, is alluding to this fact.
There’s also the recently launched $250k trip to space giveaway – where a lucky winner stands a chance to escape to space with Virgin Galactic – is also attracting massive attention.
According to details on the competition page, the giveaway has over 363,000 entries as of November 21. There are 71 days left, which means the community has time to try their luck at a trip to the stars. But this is not the only reason Memeinator is creating a buzz.
As highlighted, the potential for this project to dominate the meme coin market is huge, particularly as the team is taking time to build not just the community but the ecosystem. While it’s difficult to say what happens in the market in the future, riding both the crypto and AI narratives sits well for MMTR.
The current price per token is $0.0133 and will increase to $0.0485 by the end of the presale. Could MMTR be worth more after Memeinator’s mainnet launch and listing on secondary markets? The positives suggest so.
