- Netflix director’s $4 million bet on Dogecoin returned $27 million, a 575% windfall.
- Memeinator is signaling a market shift from bogus meme coins.
- Bullish predictions for the market and Memeinator’s high-value utility have investors loading up on MMTR.
A Netflix director who had lost $6 million investing in stocks took the bold step of turning to crypto hoping to recoup some of the losses. He bought Dogecoin (DOGE), and as it turned out, his $4 million bet became a $27 million windfall.
Dogecoin remains an attractive proposition today, but market analysts say a few gems have emerged since Carl Erik Rinsch’s investment. Therefore, despite the potential for some meme coins, investors are pivoting towards one potentially huge project – the Memeinator.
Memeinator has already raised over $1.47 million just weeks into its presale.
Netflix director’s 575% crypto meme windfall
Netflix sci-fi series “Conquest” director Carl Erik Rinsch reportedly received $11 million as additional budgetary allocation for the series’ production. He took $10.5 million and plunged into the stock market – investing in options. Within weeks he was down $6 million and that’s when he entered the crypto market.
In the end, a $4 million investment in the DOGE meme coin on Kraken skyrocketed to $27 million.
As reported by the New York Times, Rinsch expressed his excitement at the successful bet via a chat with a Kraken employee.
Notably, the Dogecoin bet that “paid off” saw Rinsch blow much of the money on five Rolls-Royces, a Ferrari, and $387,630 watch, eating up over $8.7 million off the gains. His troubles aside, it only goes to show how a savvy crypto investment can lead to huge returns.
Rinsch’s venture is surfacing as cryptocurrency is once again gaining increased attention as an investment asset.
Memeinator – not just the next Dogecoin
The Memeinator (MMTR) is a new crypto project that aims at bringing back meme culture by eliminating every other worthless meme token.
But Memeinator, an AI-powered, blockchain-based project built to offer high-utility value to the holders of its native MMTR token. According to their whitepaper, Memeinator will offer staking, access to exclusive NFTs and a mega-action play-to-earn ecosystem via its Meme Warfare game.
With crypto shedding its ‘Wild West’ tag amid increased regulatory clarity, investing in crypto is no longer viewed as a massive gamble. Today, global financial companies and Wall Street giants are all eyeing a piece of the crypto cake, and are making big moves.
Small investors are also firmly in the picture, keen to position themselves ahead of the next bull market. Granted, solid projects are the key and that could explain the bullish outlook for the flagship crypto Bitcoin and the Memeinator.
Memeinator’s presale
In the meme coin sector, not many of the $16 billion dog-themed market fits that bill of being solid projects. Apart from Dogecoin, Shiba Inu and another one or two, the rest are a copycat gang. Essentially, they are weak tokens riding on nothing but hype.
The real utility that MMTR brings to the market and the traction that its presale is having reflects the market’s confidence in the team – which is not some faceless figures but real people with great industry and community engagement.
The project has a total supply of 1 billion MMTR, 85% of which is reserved for the community and will be available in an ongoing 29-stage presale. The rest is set aside for exchange liquidity and platform development.
According to details on the Memeinator presale page, investors have allocated $1.47 million into MMTR at stage 6. There are only a few MMTR tokens remaining before the sale moves to stage 7 and price jumps from $0.0133 to $0.014.
Predictions for the next bull market are in full swing, and one of the hottest presale tokens likely to see increased interest is the Memeinator (MMTR).
