Wednesday, 17 April 2024

Crypto News

DOGE eyes $0.2 following Elon Musk’s comment as Memeinator’s presale approaches $7m

Dogecoin up 4% as X payments speculations return

Key takeaways

DOGE approaches $0.2

DOGE, the leading memecoin in the world, has been performing well over the last few days. The coin has added 25% to its value so far this week and could rally higher in the coming days.

At press time, the price of Dogecoin stands at $0.1858, up by 8% in the last 24 hours. The positive performance comes after Elon Musk revealed that his electric car company Telsa will enable DOGE payment in the future. 

Musk added that Bitcoin has been getting support from the rich in recent months but Dogecoin remains the coin of the people. 

What is Memeinator?

Following Musk’s comment, investors would be paying even closer attention to memecoins. One of the memecoins that could grab the attention of investors is Memeinator.

This project is unique in that it offers a use case that is currently not available to content creators. It is a Web3 project still in its presale stage, meaning its token price is relatively low. 

The project seeks to provide service to content creators who use memes. In the whitepaper, the development team laid out a series of strategies to help them turn Memeinator into one of the leading meme coins in the crypto space. 

Memeinator will launch as a meme coin to take advantage of the recent growth in trading volume and popularity of meme coins. The team wants Memeinator to reach a market cap of $1 billion, making it one of the leading meme coins in the crypto space. 

The main function of the Memeinator tool is to destroy worthless memes on the internet, allowing users to have access to only quality memes. This ensures that Memeinator provides utility to the users and incentives to the token holders. 

Memeinator presale raises over $6.5 million

The Memeinator presale is ending in the coming days or weeks. The project has raised $6.6 million so far and is currently in the 19th stage of the presale. According to the team, the presale will end in the 20th stage. 

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