Avalanche, Cardano leads altcoin as Memeinator presale nears $2M
Avalanche and Cardano have gained double digits in a week as network activity continues to grow.
Memeinator can benefit from investments in risky assets.
The use case and roadmap make Mementor attractive.
Gaining over 37% in the past week, Avalanche is the strongest altcoin among its top peers. Cardano, another altcoin to see an increase in bullish flow, rose 30% in the same period. The gains highlight a possible recovery in altcoins following the recent bullish run in Bitcoins. However, it is a sign of increased appetite for riskier assets that adds to sentiment for the rest of the sector. Memeinator saw demand as investors received more than $1.93 million worth of tokens in the presale.
Avalanche and Cardano have found positives for memeinator
The gains in Avalanche and Cardano can feel like they are following the price of Bitcoin. However, analysts believe Avalanche's value was already undervalued before the new recovery. Henrik Andersen, chief investment officer at Apollo Crypto, is optimistic about Avalanche. Analysts say the broader market has undervalued Avalanche for some time. Avalanche recorded more TVs than most of its peers, but noted that its market value was low.
A quick check of Avalanche network activity shows a significant improvement. The network's total value locked (TVL) increased from $490 million to $841 million over the past three months. Likewise, Avalanche's total trading volume has increased over 2,400% over the same period.
Fellow top earner Cardano has seen a spike in network activity. According to DeFillama data, Cardno TV grossed $381.15 million, up more than 37% week over week. Such earnings are price stimulators as they indicate investor interest in domestic brands.
The return of crypto activity allows new projects like Memeinator to emerge as risk appetite develops. Memeinator can enjoy pre-sale initial interest and carry it after listing on the exchange.
Understanding Memeinator
Memeinator is an upcoming meme project and is set to launch on exchanges in 2024. The token was launched in a pre-sale, which took place in 29 stages, each with an increase in price. By the end of the pre-sale, the token price had risen by 132%. But what exactly is Memeinator?
Memeinator is a futuristic and AI-driven project that claims to have traveled back in time to 2077. Its mission is to capture and destroy weak meme cryptocurrencies. The goal is to inform investors of the rapid development of sub-tokens that do not provide value. As such, Memeinator deploys AI to scan targets and eliminate them from existence.
In addition, Miminter invests in strong marketing and branding to maintain relevance. Branding involves listing on top exchanges and partnering with influencers to market the project. The goal is to help get everyone talking about Memeinator, popular. With this roadmap, Memeinator is targeting a market cap of up to $1 billion and is the most sold meme token.
Is Memeinator a good investment?
When it comes to meme investments, very few projects make the cut. Most projects start with a rumor and have little basics. That made many projects unsustainable, and many others failed. Memeinator gives investors a new perspective: a big roadmap backed by use cases. Likewise, Memeinator has facilities in gaming, NFT and staking.
Memeinator also has a team that drives the vision of the project with clear objectives. The project has also been supported by a community of investors since the website went live. Additional investors will join in the pre-sale as the funds raised approach $2 million. Therefore, Memeinator can be a worthwhile investment that will grow and outperform its peers.
The unique value proposition of meme targeting makes MemeMaker a winner in the meme wars. A use case can drive interest in the project and help MemeIntern's value discovery. Predictably, the token can see up to 50x gains by following trends set by its peers.
