Injective, AVAX prices surged as Memeinator token listing neared.
Cryptocurrency prices were mixed on Wednesday as some investors started to take profits after strong US inflation. Bitcoin was hovering around the $72,000 resistance, while Ethereum rose slightly.
Inject (INJ) and Avalanche (AVAX) were some of the top performing cryptocurrencies, jumping over 20%. The other gainers were coins such as NearProtocol, Ordi, Celestia, Algorand and THORChain. MemeInator continues to perform well as its token sale crosses the $6.4 million mark.
Needle and Avalanche were the top gainers.
Avalanche has been one of the best performing cryptocurrencies since May 2022, moving to the highest level since May 2022. At the peak, the coin has rallied more than 550% from its 2023 low point.
Injective also made a strong bullish flash as it climbed to record highs. Since trading at $0.64 in October 2020, it has risen to $52, making it one of the top performing cryptocurrencies.
Avalanche and Injectable coins jumped while the Crypto Fear and Greed Index remained above the peak greed zone. In most cases, altcoins perform well in such market conditions, which explains why most altcoins have risen recently.
The development of their ecosystem has increased in the last few months, data shows that the number of Avalanche addresses has increased to more than 76k, the total value locked (TVL) has increased to 1.7 billion dollars. It is the eighth-largest blockchain in the world.
The injectable platform, backed by Mark Cuban and Polychain Capital, has also seen strong inflows recently. Its TVL has reached a record high of $177 million, supported by the likes of Hydro Protocol, DojoSwap, Helix, and Mito Finance. Helix has become one of the top DEXs in the market, handling around $100 million worth of tokens in the last 24 hours.
Memeinator token sale is underway.
Meanwhile, Memeinator is another high-performing player in the crypto industry. Now moving to the 18th position, the developers have raised more than $6.4 million. Now the token sale has two more steps before it ends. After completion, the token will be listed on key centralized and decentralized exchanges.
For starters, Memeinator is an upcoming cryptocurrency project that aims to take advantage of three key themes in the market. It aims to benefit from key areas such as meme coins, artificial intelligence (AI) and games.
Meme coins like Floki, Pepe and Bonk are some of the top performing cryptocurrencies this year. According to data, the market value of all meme coins is more than 65 billion dollars.
In contrast, AI has become the fastest growing technology, which has helped Navidi become a $2 trillion company. Gaming tokens like Axie Infinity and Gala Games have become top performing coins in the market.
Therefore, Memeinator developers hope that these themes will help increase its market presence to millions or even billions of dollars. You can buy MMTR token here.
