The memecoin market frenzy shows no signs of ending according to a Bloomberg report. However, experts fear that the bubble may yet burst. Currently, trading volumes of “memecoins” are at levels that were last observed on the eve of the protracted crypto winter. Bloomberg writes about this with reference to a report from the Kaiko analytical platform. During this bull market, a rare opportunity exists to participate in Memeinator (MMTR) presale, which stands out among the crazy memecoin mania..
Boom in the memecoin market
Over the past week, trading volume for leading memecoins has reached nearly $80 billion, the highest level since October 2021. The sector’s capitalization, meanwhile, is more than $48 billion, according to CoinGecko. Top gainers over the past month include coins such as dogwifhat (WIF), Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK).
Among them, the tokens WIF, PEPE, and SHIB showed the greatest growth. Their prices increased by 495%, 451%, and 160%, respectively. Such significant growth is far ahead of even the first cryptocurrency, Bitcoin (BTC), which grew by a modest 20% over the same period of time.
“Historically, rising meme token sales often signal a market top. However, now that new capital is entering the cryptocurrency markets, it is difficult to say whether this conclusion is true. We are also seeing some of these tokens becoming more dependent on certain factors and less correlated with Bitcoin,” said one Kaiko analyst.
Experts remind about the risks of investing in memecoin market
However, despite such rapid growth, experts recalled that investors prefer memecoins only for quick profits. Such assets do not have any fundamental value.
“If you see a memecoin that supposedly has a market capitalization of a billion dollars, then it is very unlikely that someone will be able to sell that much volume without having a significant impact on the price,” said the head of strategy at the Kraken crypto exchange.
However, there is little stopping members of the crypto community and they continue to maintain the momentum. Thus, the dogwifhat team last week raised $700 thousand in order to place the logo of their favorite token on one of the most famous buildings in Las Vegas.
The trading volume of the infamous Slerf token (SLERF) exceeded $3 billion per day. In just 24 hours after its launch, the Solana based memecoin (SOL) managed to break into the top 10 “memecoins by capitalization.
Memeinator ICO Approaching Last Phase Prior to Exchange Listings
Investors are seeking the next 100x in a booming crypto market, where everything seems to be heading towards the moon. Where should you search? In this bull market, a rare chance exists to participate in Memeinator’s (MMTR) presale, which stands out amidst the swarm of pathetic memecoins currently.
With an impressive $7.2m raised and only 21,551,724 tokens still available, the fear of missing out (FOMO) sentiment is genuine among investors rushing to get in on the final stage of Memeinator’s presale. For those who overlooked Pepe or Bonk, this is the ideal opportunity to capitalize on this insane crypto market. Continue reading to discover more.
Memeinator: Annihilating unworthy memecoins
Memeinator is rapidly becoming one of the most sought-after projects in the memecoin arena. Its storyline portrays it emerging from a dystopian future (indeed, akin to the Terminator) ravaged by the chaos of inferior memecoins. With a distinct mission and futuristic armory, the project aims to dominate the meme market and achieve at least $1 billion in market cap.
A delightful addition to the ecosystem, Meme Warfare is Memeinator’s thrilling game, where players can engage in battles against an army of despicable memecoins and symbolically eliminate them. Powered by the Memescanner AI technology, the community can contribute to selecting the weakest memes through social media submissions. Red Apple Tech is diligently developing this fusion of AI and gaming and is a respected and seasoned firm in the Web3 sector.
MMTR Tokenomics
Memeinator’s offerings encompass a staking pool of up to 45% APY, periodic token burns (almost 130 million already burned), and an upcoming NFT collection that positions the project for Web3. You can delve deeper into the strategy by watching the latest AMA with the core team members of Memeinator, Dylan, and Marco. The project is here to endure, and its domination of the memecoin sector seems inevitable.
Currently in its 20th and final phase of the presale, with only 21,551,724 tokens remaining, the window of opportunity to join this project is swiftly closing for investors worldwide.
