Will the bulls take over soon?
Key receivers
Dogecoin has underperformed in the past few days and may soon drop below the $0.080 range.
The Memeinator pre-sale is now ranked 13th and has raised nearly $4 million.
Ever since the adoption of Bitcoin Exchange Traded Funds (ETFs), the cryptocurrency market has been weak. Dogecoin is currently struggling to stay above the $0.080 range and may drop further in the coming hours or days.
Even so, memeenter pre-sales continue to surge forward and a new chapter is about to be set.
DOGE will underperform and may drop below $0.08.
Dogecoin, the leading meme coin in the world, has been underperforming in the past few days. It lost more than 3% of its value over the weekend and may face further dips in the short term.
At press time, the price of DOGE stands at $0.0838 per coin. The bearish performance comes as the broader crypto market has faced selling pressure since the approval of Bitcoin ETFs in the United States.
What is Memeinator?
Despite the current depression trend in the market, investors continue to pour their money into new and exciting projects. MemeInator remains one of the beneficiaries as the pre-sale continues to attract more investors.
Memeinator is a web3 project working to make content creation better for people in the crypto space and beyond. Collectively, the project's goal is to eradicate worthless memes on the Internet and promote quality use.
The development team wants to push the project to reach a billion dollar market cap, while its various products and features strive to gain adoption. MemeInator uses AI technology and blockchain to identify worthless memes, allowing investors to identify and remove them.
Memeinter is currently in the pre-sale phase and has raised more than $4 million from the crowd in the past few months. The native MMTR launched its presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early investors an impressive 132% ROI if they are listed on crypto exchanges.
After the pre-sale stages are completed, the team will set up a Mementator game where players can remove enemy memes and win some exciting prizes.
Why have Mementor pre-sales grown so much?
The pre-sale of Memeinator is about to hit a new milestone despite the current bearish trend in the market. This is because of its excellent and unique value proposition. At the right level of adoption, Memeinator is used by devs, crypto natives, speculators and content creators.
According to the development team, Memeinator uses AI to analyze and evaluate memes on the Internet, replacing or “deleting” low-quality memes. With Memeinator, content creators can access higher quality memes than the mediocre ones that litter the internet today.
The group also promoted the MMTR token to make it more attractive to investors. The first incentive is the Token Holders Reward. Secondly, MMTR has devaluation mechanisms that help increase the value of the token as the total supply decreases. Additionally, 20% of tokens are allocated to market, CX listing and liquidity.
Click here to read more about the Memeinator presale.
Is Memeinator token a good buy?
If the development team goes through with their plans, Meminator could be a great project. If that's the case, the price of MMTR could rise in the coming months and years.
In the first stage, MMTR was sold at $0.01 per token and now it goes to $0.0197. Price will increase to $0.0208 after pre-sale level 14 is entered.
To date, the Memeinter team has raised $3.847 million and is close to meeting its goal of $4.025 million for the current pre-sale stage.
The value of MMTR may rise in the coming months and years once the token is listed on crypto exchanges.
