Memeinator’s stage three presale will soon be over as the team has raised over $660k of the $693k required.
The influx of investors comes despite the current uncertainty in the broader crypto market.
The cryptocurrency market has been underperforming since the start of the week, with prices of most coins and tokens in the red zone. However, that hasn’t halted Memeinator’s presale as its stage three now nears competition.
Bitcoin and other major altcoins underperform
Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming since the start of the week. It has lost 1% of its value over the last 24 hours and could record further losses. At press time, the price of Bitcoin stands at $27,695.
BTC has rejected the $28 level multiple times in recent days, and the ongoing geopolitical crisis in the Middle East is set to increase the market’s volatility in the short term.
What is Memeinator?
The market’s volatility hasn’t negatively affected Memeinator’s ongoing presale. Memeinator is an exciting Web3 project that is attracting interest from investors. The project seeks to take advantage of the meme coin movement to provide users with numerous utilities.
Memeinator seeks to destroy worthless memes, ensuring that there is a higher level of quality content available to users. The crypto space comprises of thousands of meme token projects with no real-world utility.
Memeinator is setting itself apart from the rest by offering users numerous utilities. The platform will leverage AI technology to identify worthless memes, allowing users to know them and steer clear of them. With the right level of adoption, the Memeinator team wants the token to reach a billion-dollar market cap. They have already published a detailed roadmap that shows how they intend to achieve their objectives.
The Memeinator presale launched roughly a week ago, and it’s already in its third stage. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.0112 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing.
The development team are also working on the Memeinator game, which will be launched once the presale comes to an end.
Memeinator’s stage three presale nears completion
The Memeinator presale will round up its stage three less than two weeks after its launch. The team has so far raised over $660k and will achieve its target of $693k in the current round over the coming hours or days.
Investors can buy the Memeinator token (MMTR) using ETH, USDT and USDC stablecoins. At the moment, the token is available to users on the Ethereum and BNChain blockchains.
Purchasing the token is simple, as users only need to connect any of the supported wallets to the Memeinator website and buy the tokens using ETH, USDT and USDC coins.
Click here to read more about the Memeinator presale.
Why is the Memeinator presale attracting investors?
The project’s real-world use case is one of the Memeinator continues to attract investors. MMTR is the native token of the ecosystem and will power several activities on the platform.
With its product, Memeinator could gain massive adoption from degens, crypto natives, and speculators. Its use case goes even beyond the crypto space, as content creators could use its services to gain access to quality memes.
Memeinator is set to use AI to analyse and evaluate memes across the internet, identifying lower-quality memes to replace or destroy them. The team has also put in place excellent tokenomics, which provides value for the holders and ecosystem participants.
The MMTR has some excellent features, such as deflationary mechanisms and rewards for holders. The team has allocated 20% of the tokens for marketing, CEX listing and liquidity.
Is the Memeinator a worthy investment opportunity?
Memeinator could be an excellent meme project with the right level of adoption. If that happens, then early investors would be the biggest winners. Memeinator’s real-world use case makes it an exciting meme project.
As a meme coin that is leveraging AI, Memeinator could provide excellent value to investors over the coming months and years. If Memeinator reaches a billion-dollar market cap, early investors would be the biggest winners. The meme token ecosystem continues to grow and recently reached an all-time high of $36 billion, up by the $0 the market was worth four years ago.