Tuesday, 20 February 2024

Crypto News

Dogecoin hits $0.1: Is the memecoin season finally here?

Dogecoin hits $0.1: Is the memecoin season finally here?

Key takeaways

  • Dogecoin broke the $0.10 resistance level on Wednesday following a 20% rally over the last seven days.

  • Memeinator has raised more than $1.7 million ahead of its stage-8 presale.

Dogecoin has been one of the best performers so far this week and recently hit the $0.1 resistance level. Meanwhile, the Memeinator presale has now surpassed the $1.7 million mark ahead of its eighth stage. 

Dogecoin and Bitcoin rally higher

Bitcoin and altcoins have been performing well since the start of the week. BTC has added more than 15% to its value over the last seven days. At press time, the price of Bitcoin stands at $43,457  per coin. 

Memecoins including Dogecoin have also been rallying. DOGE touched the $0.105 level on Wednesday after rallying by nearly 20% in the last seven days. It has slightly retraced and now trades around the $0.967 mark. 

What is Memeinator?

Memeinator is a Web3 project that aims to help content creators generate better content. It will achieve this by changing how people change and use memes. The project intends to leverage the hype around meme coins by providing users with numerous use cases.

The project will target and destroy worthless memes, ensuring that there is a higher level of quality content available to users. 

What makes Memeinator interesting is that it is a meme token that offers real-world utility to users. According to the whitepaper, Memeinator will use AI  to identify worthless memes, allowing users to know them and steer clear of them.

The development team have rolled out various strategies that would help Memeinator become a billion-dollar market cap project. They have published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

The Memeinator presale is currently in its seventh stage and has raised more than $1.7 million so far. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.014 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 presale raises over $1.7 million

The Memeinator presale continues to attract more investors and its seventh stage is close to an end. The team has raised more than $1.7 million of its $1.8 million target in the current presale stage. 

Memeinator’s MMTR token can be purchased using ETH, USDT and USDC stablecoins. According to the official website, the token is available to users on the Ethereum and BNChain…

Click Here to Read the Full Original Article at CoinJournal: Latest Bitcoin, Ethereum & Crypto News…