Memeinator raises over $1.1 million as stage six of the presale draws closer

Memeinator raises over $1.1 million as stage six of the presale draws closer

Key takeaways

Bitcoin continues to trade above $34k as altcoins rallied in the last few days.

Memeinator has now generated more than $1.1 million, with its stage five presale coming to an end soon.

The cryptocurrency market has been bullish over the last two weeks. Bitcoin rallied above the $35k level earlier this week before slightly retracing. With altcoins also rallying, Memeinator’s presale continues to attain new milestones.

Bitcoin and altcoins rally

Bitcoin and altcoins performed well over the last few days. Bitcoin rose by more than 20% in October, its best performance since January 2023. The rally saw Bitcoin reach the $35k level for the first time in nearly 17 months.

Altcoins such as Solana and Near also rallied higher. PEPE and FLOKI were the best-performing meme tokens over the last few days. With meme coins performing well, Memeinator also reached new milestones. 

What is Memeinator?

Memeinator is a Web3 project that seeks to change how people view memes. The project wants to leverage the hype around meme coins by providing users with numerous use cases.

The project wants to destroy worthless memes, ensuring that there is a higher level of quality content available to users. Memeinator wants to stand out in a crypto space that is filled with thousands of meme tokens with no utility. 

Memeinator will use AI  to identify worthless memes, allowing users to know them and steer clear of them. The team are working to ensure that Memeinator attains a market cap of at least $1 billion, turning it into one of the biggest meme coin projects in the crypto space. They have also published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

The Memeinator presale is now in its fifth stage, and the project has raised more than $1 million. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.0125 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing. 

Memeinator’s stage five presale nears completion

The Memeinator presale will round up its fifth stage over the next few hours or days. So far, the team has raised more than $1.1 million of its $1.21 million target.

Investors who wish to get in on this project can buy the Memeinator token (MMTR) using ETH, USDT and USDC stablecoins. At the moment, the token is available to users on the Ethereum and BNChain blockchains. 

It is easy to buy the MMTR token as users only need to connect any of the supported wallets to the Memeinator website and buy the tokens using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale attracting investors?

Memeinator is getting attention from investors thanks to its real-world use case. MMTR is the native token of the ecosystem and will power several activities on the platform. 

Thanks to its utilities, Memeinator could gain massive adoption from degens, crypto natives, and speculators. The project has use cases beyond the crypto space, as content creators could use its services to gain access to quality memes. 

The platform will take advantage of AI to analyse and evaluate memes across the internet, identifying lower-quality memes to replace or destroy them. 

Its native token, MMTR, comes with some excellent features. The token has deflationary mechanisms and rewards for holders. Furthermore, the team has allocated 20% of the tokens for marketing, CEX listing and liquidity. 

Is the Memeinator a good buy? 

Memeinator could be an excellent meme project, thanks to its exciting utilities. If it gains the right level of adoption, the early investors would be the biggest winners. 

This project will be leveraging AI and blockchain technology to provide excellent value to investors over the coming months and years. If Memeinator reaches a billion-dollar market cap, early investors would be the biggest winners. 

The post Memeinator raises over $1.1 million as stage six of the presale draws closer appeared first on CoinJournal.

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