As Memeinator grows, Solana’s tokens, Solund and Gito, grow.
As panic spreads through the market, Solana and its major benchmarks are reviving.
Some of the most popular tokens are Jito and Solend.
Memeinator has raised over $3.5 million from its investors.
Cryptocurrency prices had a volatile performance last week as investors cheered the recent SEC approval of Bitcoin ETFs. While Bitcoin initially jumped after the report, it pulled back sharply as traders sold off the news. That's down from last week's high of $49,000.
Solana tokens came again
However, some altcoins are poised to continue their rally. Solana, the fifth largest cryptocurrency, has increased by more than 5% in the last 24 hours and is approaching the psychological level of $100.
Some of the most popular tokens in the ecosystem, such as Solend (SLND) and Jito, jumped further. Soland rose over 43 percent while Gito jumped around 23 percent higher. Other tokens such as Bonk and Radium also rose.
It is not clear why these signs were reversed at the end of the week since there is no major related news. Perhaps the reason is that Solana and its tokens are in a buy position after pulling back over the past few weeks.
Solana and its ecosystem tokens were among the best performing cryptocurrencies in 2023 despite concerns about FTX. The SOL token was released in 2011. It jumped more than 700% from its lowest point to its highest point in 2023. Similarly, tokens such as Bonk, Solund, and Radium have increased as they gained market share in their ecosystems.
Solana may be on the rise as traders wait to sign up for the Solana ETF. While this is possible, it is unlikely that the SEC would approve the token as it views the token as a financial security due to its many features.
Meminator is growing.
Meanwhile, Memeinator, an upcoming token, is growing, as evidenced by its ongoing token sale. The developers have raised more than $3.5 million from investors who hope to make a fortune when they list in the coming months.
Many early token investors went ahead and made a fortune when their tokens were parabolic. A good example of this is traders who bought like Bonk in December 2022. Finally, the token will increase by more than 5,000% in 2023.
Similarly, people who bought tokens like Shiba Inu, Pepe and Dogellon Mars made impressive returns when they went up.
Memeinator hopes to create value for token holders in several ways. For example, he hopes to spend more on marketing to make the token the most popular meme coin in the market.
In addition, they hope to build an entire ecosystem of revolving Memaintainers. This includes a gaming and NFT platform. Also, using the growing concept of Artificial Intelligence (AI) will make the ecosystem grow in the long run.
This is a major concern that most meme coins have faced over the years. In most cases, these symptoms will have a good effect in the short term and then die out in the long term. A good example of this are tokens like Dogelon Mars and Floki Inu.
Memeinator has done a lot to build a brand, which explains why it has raised millions of dollars in the past few months. For example, they have launched several promotions, including one where a lucky winner will travel to space using Virgin Galactic. Recently they paid a big airdrop. You can buy MMTR token here.