- Memeinator (MMTR) on a hot streak as Bitcoin jumps 7% to break above $45k.
- Analysts expect the upcoming spot Bitcoin ETF approval to drive BTC to $50k this January.
- Memeinator's presale has surpassed $2.7 million and could soon hit $3 million.
Bitcoin (BTC) moved above the $45k price level for the first time since April 2022 on January 1, beginning 2024 with a bang.
BTC’s fresh uptick comes as analysts suggest imminent bullish catalysts could send the flagship cryptocurrency to $50k this month. Elsewhere, presale token Memeinator (MMTR) was ramping up upside pressure as the altcoin market prepares for a new bull run.
Analysts say Bitcoin could hit $50k in January
Bitcoin traded around $45,806 at 4 am ET on Tuesday, January 2, 2024, with the BTC/USD pair up nearly 8% in the past 24 hours.
Crypto analyst Michael van de Poppe says he expected Bitcoin price to surge to the $48k-$51k area, suggesting a potential resistance at the level.
In their latest market report, analysts at digital assets platform Matrixport say Bitcoin price could rise to $50k. Their post on X highlights the imminent approval of spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) as well as the expected upsurge in institutional buying are the likely key catalysts for BTC price.
The funding rate is also suggesting a strong bullish outlook. But more than that, Matrixport analysts see an altcoin season shaping up.
Given this outlook, investors are likely to find a few of the new projects as potential gems for the coming bull cycle.
Memeinator (MMTR): Is this the next Dogecoin or Shiba Inu?
A number of meme coin projects have hit the market in the past few months, with a significant surge in positive sentiment driving their respective gains. But what many of these meme coins lack is genuine utility – the overriding theme is a reliance on market hype.
Memeinator, a new meme coin currently in presale, is looking to overtake these worthless tokens. Unlike most meme coins that only look for traction alongside an internet meme, Memeinator is integrating blockchain technology and artificial intelligence to underpin a serious project.
The Memeinator’s goal is to purge the sector of poor or low quality meme tokens. It’s inspired by the Terminator film franchise, and its mission is likely to get impetus from the growing focus on long term utility as opposed to speculative hype in the industry.
As its ecosystem development gathers pace, this project is hitting early milestones in targeted features such as gaming, staking and NFTs. Its traction keeps solidifying as some dog-themed tokens fall off. Is Memeinator going to challenge Dogecoin and Shiba Inu – the two leading meme coins?
Memeinator presale continues hot streak
A look at the Memeinator’s website shows increasing visibility as one of the top trending ICO projects today hits 6 million in number of social media engagements and over 3K in media mentions.
The native MMTR token sale, which has surpassed $2.7 million, has been on a sort of hot streak. Over the past few weeks, since its presale stage reduction and launch of MMTR staking, investors have breezed through four stages.
MMTR is priced at $0.0176 in stage 11 while the next stage will see the presale value jump to $0.0186. MMTR will have risen to $0.0292 in stage 20. When it finally launches, Memeinator will target the $1 billion market. If it successfully navigates its remaining presale stages and roadmap milestones are achieved, then the end of useless meme tokens might be here.
Bitcoin’s likely bull run and an altseason that could follow has Memeinator poised nicely at current presale prices. As the team recently highlighted, MMTR is expected to launch in the market in the first quarter of 2024.
If interested in learning more about Memeinator, visit their presale page.
