Memeinator’s stage three presale will soon be over as the team has raised over $660k of the $693k required.
The influx of investors comes despite the current uncertainty in the broader crypto market.
The cryptocurrency market has been underperforming since the start of the week, with prices of most coins and tokens in the red zone. However, that hasn’t halted Memeinator’s presale as its stage three now nears competition.
Bitcoin and other major altcoins underperform
Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming since the start of the week. It has lost 1% of its value over the last 24 hours and could record further losses. At press time, the price of Bitcoin stands at $27,695.
BTC has rejected the $28 level multiple times in recent days, and the ongoing geopolitical crisis in the Middle East is set to increase the market’s volatility in the short term.
What is Memeinator?
The market’s volatility hasn’t negatively affected Memeinator’s ongoing presale. Memeinator is an exciting Web3 project that is attracting interest from investors. The project seeks to take advantage of the meme coin movement to provide users with numerous utilities.
Memeinator seeks to destroy worthless memes, ensuring that there is a higher level of quality content available to users. The crypto space comprises of thousands of meme token projects with no real-world utility.
Memeinator is setting itself apart from the rest by offering users numerous utilities. The platform will leverage AI technology to identify worthless memes, allowing users to know them and steer clear of them. With the right level of adoption, the Memeinator team wants the token to reach a billion-dollar market cap. They have already published a detailed roadmap that shows how they intend to achieve their objectives.
The Memeinator presale launched roughly a week ago, and it’s already in its third stage. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.0112 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.
The development team are also working on the Memeinator game, which will be launched once the presale comes to an end.
Memeinator’s stage three presale nears completion