The broader crypto market has been underperforming this week, with Dogecoin’s price slipping below the one-cent mark. However, Memeinator’s presale hasn’t slowed and is now approaching the $2 million milestone.
DOGE could record further losses as market correction continues
DOGE, the native coin of the Dogecoin ecosystem, has been underperforming in recent days. It has lost 10% of its value over the last seven days and has dropped below $0.10. At press time, the price of Dogecoin stands at $0.09193, down by 5% in the last 24 hours.
The poor performance is also affecting other leading meme coins including Shiba Inu and PEPE. However, the Memeinator presale continues smoothly and is close to hitting a new milestone.
What is Memeinator?
With Dogecoin and other major cryptocurrencies underperforming this week, it is clear that the crypto market is undergoing a correction. However, investors continue to search for new and worthy projects and Memeinator is a project to keep an eye on.
Memeinator is a Web3 project that will launch as a meme token and provide various utilities to its users. According to their whitepaper, the project will focus on eliminating worthless memes and improving content creation for users.
As a project that seeks to reach a $1 billion market cap, Memeinator will leverage AI technology and blockchain to identify worthless memes, allowing investors to know them and avoid them. Memeinator would reach its billion-dollar market cap by ensuring that its token and products gain massive adoption.
The Memeinator presale is currently in its eighth stage and the team has raised more than $1.9 million. The MMTR price began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early investors an amazing 132% ROI at listing.
The team also revealed that they will launch a Memeinator game at the presale’s conclusion. The Memeinator game will allow players to eliminate enemy memes to win some exciting prizes.
Why is the Memeinator presale growing so fast?
Memeinator continues to generate buzz amongst investors thanks to the value it intends to provide to users. With the right level of adoption, Memeinator would be used by degens, crypto natives, speculators, and content creators. Thus, giving it the opportunity to become a hit in the market.