Monday, 25 November 2024
Trending

Crypto News

New era for meme coins is here

New era for meme coins is here

  • The Memeinator (MMTR) presale has hit $590k just days after its launch. 
  • As a new AI-powered project, Memeinator aims at providing genuine utility and value to crypto meme users.
  • It’s a new era that will see Memeinator hunt down and destroy weak meme coins on its way to a $1 billion market cap.

Traction for the global meme cryptocurrency space over the past two years has been spectacular. What with the rise of meme altcoins like Dogecoin and the impressive Shiba Inu, Pepe and FLOKI driving a practically non-existent market to a $20 billion ecosystem. At its peak, memes accounted for over $36 billion of total crypto market cap.

But while the trajectory for meme coins is expected to be on the upside as quality comes to the sector, one project – Memeinator (MMTR) – wants to see the market rid of weak memes. An annihilation of these poorly designed and often scam projects is what will restore the ecosystem’s belief in such tokens.

That era is here with the launch of the Memeinator presale.

What is Memeinator?

The Memeinator (MMTR) presale launched on September 27, marking the crypto project’s first encounter with the crypto community. It was also the beginning of the end for puny tokens masquerading as dog, frog or other such meme-inspired projects.

Within days, Memeinator has attracted over $590k from investors – a debut that suggests this AI-powered project offers value that the community has failed to garner from many of the OG meme replicas.

Terminator 2: Judgement Day”- inspired Memeinator has served notice to all memes – it has a $1 billion market cap in the short term and achieving it means hunting down all weak memes. Leveraging an AI-powered Memescanner system to dominate the space is not all though.

The project seeks to give its community access to real value via the Memeinator Game and will incorporate NFTs, staking rewards, token burns to unlock further gains for MMTR holders. With such utility prospects built into the roadmap, it’s likely the presale could be just the beginning of an astounding community initiative.

Among would-be competing altcoins, Dogecoin, Shiba Inu, Floki and Pepe stand out. According to data from CoinGecko, only DOGE and SHIB have a current market cap of over $1 billion – $8.6 billion and $4.2 billion. The Memeinator’s $1 billion market cap target means FLOKI and PEPE are…

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