- Shiba Inu, Fetch.ai and Dent are showing positive signs; is Memeinator worth a look?
- Santiment has shared data showing top 10 wallets of ETH, SHIB, FET and DNT have offloaded coins from exchanges
- Memeinator presale is near $2.4 million as investors buy MMTR on the cheap.
Crypto is in a bullish mood with Bitcoin trading above $43k and most altcoins seeing gains as Fear & Greed index hits 74. Analysts at crypto platform Santiment have shared that Ethereum, Shiba Inu, Fetch.ai and Dent are some of the altcoins showing positive signs.
What does this mean and could crypto presale project Memeinator benefit from this outlook?
Top wallets offload ETH, SHIB, FET and DNT from exchanges
Ethereum, Shiba Inu, Fetch.ai and Dent were all trading in the green over the past 24 hours, with ETH above $2.2k. According to details shared by Santiment analysts on X, the four altcoins have shown positive signs over the past few days as respective top exchange wallets continue to move coins off exchanges.
“Altcoins are surging once again, with $ADA now above $0.65 and $SOL amazingly closing in on $100. But keep an eye on $ETH, $SHIB, $FET, and $DENT. These four assets are all seeing their top 10 respective exchange wallets move coins away from exchanges, which is generally a bullish long-term signal,” the on-chain analytics and market intelligence platform posted.
As analysed by the firm, the past three months have seenthe top 10 wallets on Ethereum offload $778.7 million, or 4.3% of their holdings from exchanges. For Shiba Inu, it’s been $54.6 million less, or a decline of 2.7%; Fetch.ai and Dent top 10 wallets have removed 26.1% and 1.5%, worth $48.2 million and $867,500 respectively.
In the meantime, the price of these altcoins have increased 14% for ETH, 34% for SHIB, 35% for FET and 49% for DNT. The gains are for the past 30 days, suggesting nice momentum is building as whales eye future gains.
Memeinator: Can MMTR benefit from altcoin momentum?
Memeinator is a new meme token that aims at ridding the crypto market of weak, replica meme coins that currently litter the space. At its core is the belief that meme coins can offer real utility to the community while retaining the underlying meme culture key to traction.
Using an AI ecosystem powering its Memescanner, the project will bring weak projects to judgement via its Meme Warfare game.
Other than the play-to-earn game, the project will feature NFTs and staking, the latter already live and with over 17 million MMTR staked. Details on the staking page shows more than 180,000 MMTR has been paid as staking rewards.
As the project’s development comes along, its presale that offers crypto enthusiasts and other early gem backers an opportunity to buy at greatly discounted prices.
Currently, the MMTR presale has each token priced at $0.0157. Buying now could see investors in position for significant returns at the listing value and on Memeinator’s potential future gains.
