Shiba Inu eyes the $0.000011 level as Memeinator’s presale approaches $5 million

Key takeaways

The cryptocurrency market has been bullish this week and meme coins were not left out. SHIB, the native token of the Shiba Inu ecosystem, and Dogecoin, both recorded good gains over the last few days. Meanwhile, the Memeinator presale continues to set new milestones and is now close to the $5 million mark. 

SHIB could rally towards $0.000011 soon

Shiba Inu, the second-largest meme coin by market cap, has been performing well over the last few days. It is up by more than 3% over the last 24 hours, allowing it to reach the $0.00001 level.

Over the last seven days, SHIB has added more than 7% to its value. Its positive performance comes as Bitcoin and the broader crypto market embarked on a rally in the last couple of days.

At press time, the price of Shiba Inu stands at $0.00001002. If the rally is sustained, SHIB could rally towards the $0.000011 level in the near term. 

What is Memeinator?

Meme coins have been performing well in response to the broader crypto market’s rally. The positive performance is also felt within the ICO ecosystem, with the Memeinator presale now approaching an important milestone. 

Before investing in the project, it is best to know what Memeinator is. Memeinator is a Web3 project that is working to make content creation better for people within the crypto space and beyond. 

The team’s ultimate goal is to destroy worthless memes on the internet and promote the use of quality ones. They are developing a product that would be useful to content creators within the Web3 ecosystem and beyond. 

Furthermore, the development team are also putting plans in place to ensure that Memeinator reaches at least $1 billion in market cap. This will be achieved thanks to Memeinator’s use of AI and blockchain to identify worthless memes, allowing users to know and avoid them. 

So far, the Memeinator presale is in the 15th stage and has raised more than $4.7 million so far. 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. 

Upon the completion of the presale, the team will organise a Memeinator game where players will get a chance to eliminate enemy memes and win some exciting prizes. 

Why is Memeinator’s presale approaching $5 million?

The…