Tuesday, 23 July 2024

Crypto News

US SEC approves eleven spot Bitcoin ETFs as Memeinator’s presale approaches $3.5M

United States SEC officially accepts Valkyrie Spot Bitcoin ETF application

Key takeaways

It is a historic week for the cryptocurrency market as the US Securities and Exchange Commission (SEC) approved all eleven spot Bitcoin exchange-traded funds (ETF) applications. 

With that, Memeinator’s presale continues to soar higher and is now closing in on an important milestone.

Bitcoin ETFs go live in the United States

The US SEC approved all eleven spot Bitcoin ETF applications on Wednesday. This approval opens the floodgates for institutional investors to directly participate in the cryptocurrency market through exchange-traded funds. It also provides a more regulated and accessible avenue for BTC investment.

The eleven spot Bitcoin ETFs are already trading on various exchanges and posted a $4.5 billion trading volume on the first day. However, Bitcoin’s price is yet to substantially appreciate following this latest development. At press time, the price of Bitcoin stands at $45,959 per coin. 

What is Memeinator?

As Bitcoin enjoys its historic week, Memeinator’s presale continues to rally higher. Memeinator is a Web3 project that will launch as a meme token and provide utility to those that use memes. 

The development team have their sights set on making sure Memeinator becomes one of the leading meme coins in the cryptocurrency space. It has a unique project perspective and is offering value to investors and content creators.

Memeinator launching as a meme coin is to take advantage of the recent growth in trading volume and popularity of meme coins. 

Per the whitepaper, Memeinator will destroy worthless memes on the internet, allowing users to have access to only quality memes. What makes Memeinator an exceptional project is the fact that it provides utility to the users and incentives to the token holders. 

AI technology would enable Memeinator to identify worthless memes, enabling content creators and other users to know them and steer clear of them. The development team have a $1 billion market cap target for Memeinator once it begins trading on crypto exchanges. 

The Memeinator presale continues to record excellent numbers. The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0186. The price will rise to $0.0485 by the end of the presale, giving early investors a massive 264% ROI at listing. 

Memeinator’s presale approaches $3.5 million

The Memeinator

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