- Injective (INJ) price has soared to a new all-time high.
- Meanwhile, new meme token Memeinator has unveiled a $100k airdrop.
- Injective price is benefitting from a spike in network activity, while the Memeinator’s presale is buoyed by project’s utility offering.
Injective (INJ) price hit a new all-time high on Tuesday amid a flurry of network activity. As the INJ token reached prices near $40, gains over the past month have jumped to 150%. Injective is up nearly 2,700% year-to-date. Meanwhile, presale token Memeinator has continued to attract investors. Here’s an outlook for Injective’s native coin.
We also look at what could make Memeinator become one of the top presale tokens to buy ahead of its market launch in 2024.
Injective price soars: Is INJ set for further gains?
Injective is a layer 1 blockchain platform that has seen the price of its native INJ token spike significantly since it teased its upcoming upgrade dubbed Volan.
On Tuesday, INJ reached a high of $39.87 across major exchanges, with hodlers sitting on a staggering 2,700% return year-to-date. Trading volume was up 78% in the past 24 hours, reaching over $625 million.
Part of the upside has followed numerous positive triggers for the decentralised finance (DeFi) ecosystem platform. Its artificial intelligence (AI) enabled network has recorded a surge of more than 50,000 new addresses in the past 24 hours. The community around Injective – Ninjas – have increased to over 150k addresses.
Meanwhile, several projects are building on the L1 blockchain, including Moon App, a mobile-based Launchpad and Filament, a hybrid perpetual DEX for degens. The DEX is expected to go live on the blockchain in Q1, 2024.
Excitement around Injective is also down to the community’s anticipation of airdrops on the network.
Are all these developments going to help INJ price rise further? This could be the case if the cryptocurrency holds onto gains in the midst of a potential market rally.
Memeinator and its goal to dominate meme coin world
Memeinator (MMTR) is a crypto meme token seeking to dominate the meme coin space. The stated goal is to undertake a hostile takeover and reach a $1 billion market cap by eliminating weak and worthless meme coin rivals.
But unlike the targeted copycats, the Memeinator outlines a roadmap seeking to deliver the genuine utility alluded to in their whitepaper.
An ecosystem powered by AI will bring the Memescanner and Memeinator Warfare game to the community, adding to the potential of a play-to-earn economy to staking rewards and NFTs.
Why is the Memeinator presale attractive to investors?
The MMTR token is currently in presale and has attracted over $2.2 million from investors. In its stage 9 level, Memeinator is priced at $0.0157. The next stage will see price increase to $0.0166 and will rise through stage 20 before the token lands on leading exchanges.
As the presale continues, Memeinator has launched a series of exciting promotions that could see MMTR holders benefit big time.
One of these is the $250k trip to space via Virgin Galactic. There’s also a $100,000 giveaway that will see 10 people win $10,000 in MMTR tokens, staking pool rewards, merch giveaway and 5% referral bonus.
If you are looking to position for the bull market with a meme token that could rival the likes of Pepe, BONK and Shiba Inu, buying MMTR during the presale might be appealing. However, learn more and do your own due diligence before you put that hard-earned cash into a position.
For Memeinator, a good place to start could be the whitepaper. You can also check out their presale page for more information.
