Key takeaways
Bitcoin has been underperforming this week and could drop below the $26k level soon.
Memeinator’s presale is set to commence in less than 20 hours as investors show interest.
The cryptocurrency market has been underperforming this week, with prices of most coins and tokens in the red zone. Despite the bearish trend, investors continue to search for new and exciting projects to invest in.
Bitcoin could drop below $26k soon
Bitcoin, the world’s leading cryptocurrency by market cap, has lost less than 1% of its value in the last 24 hours. At press time, the price of Bitcoin stands at $26,249, having lost more than 3% of its value in the past seven days.
With the bears still in control of the market, Bitcoin could drop below the $26k level soon. Bitcoin could test the next major support level at $25,882 in the coming hours if the bearish trend continues.
What is Memeinator?
Despite the bearish trend in the crypto market, investors continue to show interest in new and exciting projects. One of the exciting projects that will soon launch in the crypto market is the Memeinator.
Memeinator is a project that is riding the meme coin wave and seeks to provide numerous utilities to users. The project seeks to destroy worthless memes and become one of the leading meme tokens in the crypto space.
Although there are hundreds or even thousands of meme projects in the crypto space, a large percentage of them don’t have any use case and don’t offer real value to investors.
Memeinator seeks to use AI technology to identify worthless memes, allowing investors to know them and steer clear of them. With the right level of adoption, Memeinator wants to reach a market cap of $1 billion in the medium to long term.
The project’s roadmap details show how the team intends to achieve their aim, from launching to marketing and managing the communities.
The Memeinator presale is set to begin in a few hours, offering investors the opportunity to purchase its native token for $0.01 per token. The price will rise to $0.0485 by the end of the presale, giving early-bird investors a whopping 132% ROI at listing, which is only the start of it.
Memeinator also plans to launch a Memeinator game at the presale’s conclusion, following the same theme. Players will have the opportunity to eliminate enemy memes in a good old-fashioned shoot-em-up.
Why is the Memeinator presale garnering interest from investors?
Memeinator could be garnering interest from investors because of the desire by many to invest in quality meme projects. MMTR, the native token of the Memeinator ecosystem, is set to power several activities and make it easier for users to leverage the platform.
Memeinator seeks to appeal to audiences from degens to crypto natives and speculators, giving it the opportunity to become a hit in the market.
The project will use AI technology to analyse and evaluate memes across the vast expanse of the internet, identifying lower-quality memes that it aims to replace or “destroy.
The use of AI indicates how Memeinator intends to uplift meme culture and quality, championing the most imaginative and impactful content.
In addition to that, Memeinator’s tokenomics are calculated to provide value for the holders and participants. The MMTR token has some exciting features, such as deflationary mechanisms and rewards for holders, incentivising the project for holders in the long term. 20% of the tokens are allocated for marketing, CEX listing and liquidity.
Click here to read more about the Memeinator presale.
Is the Memeinator a good investment opportunity?
The Memeinator is set to launch its presale in a few hours, and it could be an exciting project for investors to enter. As a meme coin that is leveraging AI, Memeinator could provide excellent value to investors in the medium and long term.
Memeinator is targeting a billion-dollar market cap, and early investors would be the biggest winners when that happens.
The meme coin market recently reached an all-time high of $36 billion, which is incredible for a market that was worth nearly $0 in 2020.
So far, the project gained more than 1,000 sign-ups to its mailing list within the first 20 minutes the site went up, and over 5,000 people joined on Twitter and Telegram within a day. Hence indicating massive interest in the project.
The post Bitcoin could dip below $26k as Memeinator’s presale commences in a few hours appeared first on CoinJournal.
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