The Memeinator presale has made a mark on 2024, raising almost $8 million from thousands of investors eager to see it destroy the glut of pathetic meme coins swamping the market.
Excitement about the project is continuing to build post-listing. Now that it’s listed on MEXC and Uniswap, the prospect of Memeinator cruising past its $1 billion market cap target is more likely. Let’s uncover why.
From presale stunner to parabolic contender: Memeinator’s journey begins
Memeinator has traveled back from the year 2077, Terminator-style, with one mission: eliminating the low-quality meme coins of today that have multiplied and created a future cryptosphere filled with 100% garbage. This is how Memeinator plans to restore the 2024 meme coin market to its former glory.
Unlike its rivals, Memeinator is building an ecosystem jam-packed with utility, designed to propel it to a $1+ billion market cap. Memeinator offers a shoot-em-up game where users can embody the Memeinator and symbolically destroy rival tokens. It’s also releasing an NFT collection. Both are launching this quarter.
Generous staking rewards and deflationary tokenomics have also been a massive draw for presale investors. A new staking pool launched on May 28th offers up to 60% APY for a 6-month term, encouraging investors to lock up their tokens and reduce the circulating supply. Moreover, a quarterly token burn mechanism adds deflationary pressure, which can lead to significant price spikes as demand grows.
Why Memeinator is set for explosive growth
2024 has already been a stellar year for meme coins, with newcomers like dogwifhat skyrocketing by around 3000% and Pepe Coin climbing by over 1000%. Solana’s SMOG took it even further with a staggering 5,200% increase. These performances set an impressive precedent that Memeinator could easily follow.
The recent bullishness has been driven by a rally in ETH at the end of May. The potential approval of Ether ETFs has injected fresh enthusiasm into Ethereum-based tokens like MMTR, providing a potential tailwind. Bitcoin’s resurgence has also reignited investor confidence.
It’s worth noting that many of the meme coins rallying this year have done so from viral appeal alone; at press time, dogwifhat currently holds a market cap of over $3 billion, while Bonk stands at over $2 billion.
Memeinator arguably stands on even stronger footing. Its added utility and fanbase of over 125,000 dedicated followers across Twitter, Telegram, and Discord have already piled in and are creating the start of serious buy pressure.
While MMTR initially dipped upon launch, this seems to be a common pattern for successful meme coins. DOGE and SHIB, by far the biggest meme coins by market cap, dipped notably after their initial listing. In the graph below, we can see how a combination of bull run timing, a loyal community, and product developments helped pump SHIB parabolically, many months after launch. This is exactly the same cocktail that Memeinator has at its disposal.
(Source, CoinGecko)
There’s still time to get in early
With Memeinator now on the open market, there’s real potential for today’s investors to get in early on MMTR’s predicted parabolic run. Demand is expected to grow as Memeinator gains visibility across the crypto community. Why not secure a position today and enjoy a front-row seat in Memeinator’s likely 100x journey?
Memeinator is available to buy on MEXC and Uniswap.
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