Friday, 19 July 2024

Crypto News

Will the bulls regain control soon?

Will the bulls regain control soon?

Key takeaways

  • Dogecoin has been underperforming over the last few days and could drop below the $0.080 region soon.

  • Memeinator’s presale is now in its 13th stage and has raised close to $4 million.

The cryptocurrency market has been bearish since the spot Bitcoin exchange-traded funds (ETFs) were approved. Dogecoin is currently struggling to stay above the $0.080 region and could dip further in the coming hours or days.

Despite that, the Memeinator presale continues to surge ahead and is close to setting a new milestone. 

DOGE underperforms and could drop below $0.08

Dogecoin, the leading meme coin in the world, has been underperforming over the past few days. It has lost more than 3% of its value over the weekend and could experience a further dip in the short term.

At press time, the price of DOGE stands at $0.0838 per coin. The bearish performance comes as the broader crypto market has been experiencing selling pressure since the spot Bitcoin ETFs were approved in the United States.

What is Memeinator?

Despite the current bearish trend in the market, investors continue to pour funds into new and exciting projects. Memeinator remains one of the beneficiaries as its presale continues to attract more investors. 

Memeinator is a Web3 project that is working to make content creation better for people within the crypto space and beyond. Per the team, the goal of the project is to destroy worthless memes on the internet and promote the use of quality ones. 

The development team seek to push the project to reach a billion-dollar market cap, with its various products and features striving for adoption. Memeinator will leverage AI technology and blockchain to identify worthless memes, allowing investors to know and avoid them. 

Currently, Memeinator is in its presale stage and has raised more than $4 million from the public over the last few months. Its native token, MMTR, 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 once it gets listed on crypto exchanges. 

Once the presale stages are completed, the team will organise a Memeinator game where players will get a chance to eliminate enemy memes and win some exciting prizes. 

Why has Memeinator’s presale raised so much?

The Memeinator presale is close to hitting a new milestone…

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