Is Memeinter the next big thing after Bonk and Floki?

Cryptocurrencies continued to outperform other asset classes over the past 12 months as the industry experienced several tailwinds. Some of these important events include the adoption of Bitcoin ETFs in the first place and the increasing income from institutional investors. There also seems to be strong interest in token sales, as seen by MeMainter, which has raised more than $5 million from investors.

Added Meme Coin Tokens.

As a result, the total market value of all digital currencies has risen above $2.25 trillion, with Bitcoin dominating the industry. Other big coins like Solana, BNB, Tron and Avalanche have also done well.

Underground, several meme coins such as Bonk, Floki Inu, Dogecoin and Pepe have seen strong demand. According to data, the total market value of all meme coins has reached more than $27 billion. Most of these marks have doubled this year.

There are three main reasons why meme coins have surged this year. First, there are signs that investors have accepted the sense of risk in the market. For example, in addition to cryptocurrencies, key US indices such as the S&P 500 and Nasdaq 100 are at all-time highs.

Second, the stock and crypto Fear and Greed Index jumped into the extreme greed zone. Most of the time, meme coins will do well when greed spreads in the market. This happens when investors embrace so-called animal spirits.

Finally, meme coins jumped because of the important role of retailers in the market. Recent data shows that these traders are causing huge movement in both crypto and stock markets.

For example, smaller companies like Beat Brothers and Mullen Automotive have seen strong volumes despite weak fundamentals. The same is true in the crypto industry due to the low value of these meme coins. For example, for just $50, one can buy hundreds of Bonk or Pepe coins.

Memeinator could be the next big thing

So, if you've missed the buzz of key meme coins like Pepe and Bonk, Meminator might be worth considering (rather than financial advice).

Memeinator is an upcoming cryptocurrency that has successfully raised over $5 million in token sales in the past few months.

The platform aims to conquer the crypto industry by targeting three key industries: gaming, meme coin and artificial intelligence.

As the name suggests and as you will read in this white paper, MeMainter aims to be a leading player in the meme coin industry. It does that by harnessing the power of thousands of token buyers.

As confirmed by the strong performance of Nvidia, Arm Holdings and Soundhound, this technology has some AI features while it is growing. Most of the AI ​​tokens like SingularityNET, Fetch.ai and The Graph have recently increased.

Finally, Memeinator creates a utility by introducing a game into the ecosystem. This is a big thing, analysts believe that the blockchain gaming industry will be worth billions of dollars in the next decade.