Recently, the values of Dogecoin have soared as individuals accumulate substantial amounts of the memecoin. According to statistics unveiled by IntoTheBlock in the last 30 days, the volume of DOGE transactions valued at more than $1 million has skyrocketed by nearly 600%. With the uptick in whale transactions, the DOGE prices have surged by over 15%. Meanwhile, Memeinator MMTR final presale stage draws near to an end, promising massive potential as the next leading memecoin.
Dogecoin (DOGE) Witnesses Boosted Whale Transactions
As per the IntoTheBlock report, there are active dogecoin whales prevalent in the market currently. Over the preceding 30 days, there has been an over 600% surge in the quantity of DOGE transactions valued at above $1 million. This surge coincides with a period where prices for the currency have also climbed over 15%. At the time of writing, DOGE was trading over 14% higher at $0.1532. The price surge has also led to a boost in trading volume, which stood at $2.9 billion, up 20% compared to the same period the previous day.
Dogecoin (DOGE) Gains More Market Recognition
CoinGape previously reported that recently, Coinbase filed an application with the CFTC to list Dogecoin (DOGE) and other cryptocurrency futures on its platform. Notably, there has been discussion surrounding the cryptocurrency exchange’s decision to prioritize listing Dogecoin futures, particularly among XRP enthusiasts.
The market acceptance of dogecoins could be one contributing factor to the cryptocurrency’s price surge. According to Forbes, numerous businesses have adopted Dogecoin as a payment method due to its reduced transaction fees and ongoing endorsement from Twitter’s CEO and billionaire, Elon Musk. Because markets are cyclical, Dogecoin may eventually experience another bull market breakout. This seems to have commenced earlier in 2024 than anticipated and could endure until 2025. In the subsequent years, the bull market would then truly gain momentum. Unless something catastrophic occurs and alters the technical framework of the chart.
Memeinator presale exceeds $7.7 million
Regarding the hottest presales in the crypto market in 2024, few can boast witnessing the level of excitement that Memeinator (MMTR) has generated.
Memeinator is a fresh project aimed at securing the future of the meme realm. It’s striving for the top and will eradicate every feeble memecoin as it advances toward this objective.
An examination of its social platforms, including X and Telegram, reveals remarkable growth in community support.The Terminator-inspired project initiated its presale in the last quarter of 2023. This phase of the project’s entry into the ecosystem is now in its ultimate stage.
Memeinator has gathered over $7,767 million. This signifies less than $5k away from the stage 20 target. The MMTR token has also reached the concluding presale price of $0.0292.
Is Meme Warfare the game-changer?
Aside from being listed on top-tier exchanges as public trading commences, the community eagerly anticipates the launch of Memeinator’s flagship game – the Meme Warfare. Earlier this year, the community excitement around this game intensified when the team announced its collaboration with Red Apple Technologies.
According to their roadmap, the game’s beta release is a milestone slated for Q2, 2024. The Memeinator team will provide further details on the game development via an AMA on March 21, 2024, at 6 pm UTC. Here’s the team’s post on X:
🚨AMA ALERT!🚨
GET READY FOR TODAY’S AMA WITH DYLAN AND MARCO!🔥
ONLY $180K LEFT IN STAGE 20…THE COUNTDOWN IS ON.
GET READY FOR KEY UPDATES ON THE $MMTR PRESALE & MEMEINATOR GAME.
📅TODAY, 6PM UTC
BE READY: https://t.co/JWKP9iy81T— The Memeinator (@TheMemeinator__) March 21, 2024
Marco Tonetti, Head of Product at Memeinator stated in a recent press release that the community backing is substantial and that the end of the presale marks “just the beginning.” The forthcoming release of the Meme Warfare game has everyone “extremely thrilled,” he noted.
Memeinator (MMTR): Is it still worth a glance?
At current levels, the Memeinator token is still essentially a steal and the potential returns post-presale could be immense. Several factors, including the current market sentiment, suggest purchasing today could still present a fantastic opportunity.
But notably, the excitement surrounding Memeinator (MMTR) isn’t solely due to its speculative potential. Instead, it revolves around the project’s prospects of emerging as a dominant force in the market. This epitomizes what genuine utility entails.
Authentic utility also comes through features such as staking and NFTs. Progress for Memeinator amid robust narratives for crypto and AI will offer further tailwinds. The mission to seize control by eradicating feeble memecoins aims for an initial surge to the $1 billion market. The outlook for such a market size suggests significant future gains for MMTR.
