Microstrategy acquires an additional 5,445 bitcoins

  • MicroStrategy says it acquired the additional 5,445 bitcoins for $147.3 million at the average price of $27,053 per coin.
  • The company now holds 158,245 bitcoins acquired for a total of $4.68 billion.

MicroStrategy Inc. (NASDAQ: MSTR), a leading finance software company, has added to its Bitcoin (BTC) haul again.

In crypto news shared on Monday by Michael Saylor, the company’s founder and chairman, MicroStrategy recently acquired an additional 5,445 bitcoins to bring its total BTC holdings to over 158k.

MicroStrategy now holds 158,245 bitcoins

According to a filing with the US Securities and Exchanges Commission (SEC), MicroStrategy purchased the BTC for $147.3 million, acquiring each coin at the average price of $27,053. Per the document, the company now holds 158,245 BTC, which was cumulatively acquired for $4.68 billion. The average price of the entire acquisition is $29,582 per bitcoin.

Saylor shared the news on his official X account on Monday.

Bitcoin price outlook after MicroStrategy news

BTC has not moved much over the past few days, with price ranging around the $26k level amid a lack of volatility across the market. On Monday, the benchmark cryptocurrency’s value was hovering around $26,130 on major crypto exchanges, with CoinGecko data showing a -1.8% return in the past 24 hours and 4.6% in the past seven days (as of 09:55 ET).

For MicroStrategy, the declines below $27k (which was the average price for the latest purchase) means the 5,445 coins have seen a depreciation in value at current prices.

As to what happens next for BTC, popular crypto analysts say there’s possibility fresh negativity could send the flagship crypto to support below $25k. A notable anchor below this level would be the psychological $20k zone.

Crypto analyst and trader Joe Burnett says a bullish flip for BTC will take it to a new all-time high. With supply “incredibly dry”, all Bitcoin needs is a “spark of demand.”

Among other catalysts, analysts are looking at the upcoming bitcoin halving and the potential for a first spot Bitcoin ETF approval by the SEC. Asset investment giant BlackRock is one of the companies looking to offer access to a spot ETF.

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2-day countdown to meme crypto killer, Memeinator presale

  • Memeinator opens presale on 27th September 2023.

  • The project aims to destroy weak meme cryptocurrencies.

  • The potential for Memeinator is huge, with a 132% ROI during the presale period.

“Your meme’s survival is not up to you. It’s up to me,” the upcoming Memeinator (MMTR) has warned. As the 27th September presale date approaches, Memeinator has been gathering fans. The project recorded over 1,000 sign-ups 20 minutes after its website went live. 5,000 also joined Memeinator’s Twitter and Telegram pages within a day of the site launch. But what is all the enthusiasm about Memeinator and its upcoming presale

A quick snapshot of meme cryptocurrencies

Dogecoin and Shiba Inu have commanded presence as the leading meme cryptocurrencies. On CoinMarketCap, Dogecoin ranks at #7, while Shiba Inu is at #16 by market value. However, the wild success of the two low-utility tokens has attracted imitators. 

DOGE and SHIB have been boosted by online frenzy, attracting a following and increased use. But the world of crypto is changing, with weak tokens getting a wide berth among investors. As a result, both are exploring new ways to build utility and remain relevant. 

Nonetheless, a majority of DOGE and SHIB predecessors have been on a wild goose chase. Criminals have also taken advantage of the situation to launch scam tokens.

To put into perspective, the recent past has seen a growth in meme projects with little or no value. These tokens have no future, according to Memeinator, which says it has travelled back from 2077. 

Memeinator – the weak meme terminator

Memeinator, like its dictionary meaning, aims to become a deadly weapon for its weak meme rivals. The project uses AI to search the web for these undesirable memes and wipe them from the face of the earth.

Memeinator’s mission is two-fold. Ride the meme mania and give investors a chance to invest in something powerful. As such, Memeinator describes its entry into the meme space as an unstoppable resistant movement. 

As if the overnight sign-ups and following are an overshoot, Memeinator has an ambitious roadmap. The ERC-20 token targets a $1 billion market cap and listing on the leading exchanges. The project also seeks international support through its ingenious marketing that uses AI.

The AI layer also allows Memeinator to feed new and quality memes into the game. This increases the reputation of Memeinator, generating online chatter and popularity. The utility will enable Memeinator to increase exponentially and deliver returns.

What is the investment value of Memeinator?

The potential to return supernormal earnings makes Memeinator an attractive investment. AI gives the project a real utility for the token. A little recap … Dogecoin investors became overnight millionaires after the bullish trends of 2021. PEPE made supernormal over 10,000% gains earlier in the year. These are perfect opportunities to show how attractive meme investments have become. 

Memeinator seeks to gain value through domination. It will embark on strong marketing through AI mastery and a meme-targeting system. The aim is to become the leader of the resistance, gain popularity, and grow in value. From here, the gains in the token could be unstoppable for its early movers. 

Imagine the thrill of engaging in enemy combat through a Web 3.0 game. Multiple projects like Axie Infinity have crafted a name from it. Memeinator looks at a similar application. 

At the end of the presale, the project will look to launch the Memeinator game. Players engage in obliterating games by destroying rival memes and earning points. The game application adds to the utility of Memeinator, further increasing its domination. The prospect could be a long-term boost for the token. 

Is investing in Memeinator’s presale attractive?

Memeinator presale opens on 27th September. 62.50% of the 1,000,000,000 tokens in supply will be sold. The price opens at a bargain $0.01, with an expected $0.0485 at the conclusion of the presale. It means as the presale ends, investors will get tokens with an ROI of a whopping 132%.

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Chancer price up to $0.012 in presale as bullish predictions increase demand

  • Chancer welcomes decentralised betting, allowing more user participation and flexibility.

  • Chancer price has risen to $0.013 as presale continues amid strong demand.

  • Analysts expect the value of the Chancer token price to rise up to 50 times on betting trends.

The price of the Chancer token is now $0.012, a rise from the initial $0.010 and previous $0.011. The price will rise to $0.013 in the next stage presale. While the price changes are fixed in tokenomics, there are visible signs of increased buying. A total of over $2.217 million has been raised in presale as investors make bullish bets. According to the project’s roadmap, the Chancer token will be listed on Uniswap and other CEXs in Q3 2023. Analysts believe the token could witness strong increases after listing owing to the project’s use case. The token is available for purchase via the Chancer website.

What is Chancer?

Chancer is a decentralised betting platform. The platform aims to bring betting closer to the user through blockchain. It also allows investors to earn in a variety of ways, expanding what the current betting platforms offer.

From a betting sense, Chancer allows users to create peer-to-peer betting markets. In this betting system, users bet against friends, family, and acquaintances. The method makes betting fun and engaging, allowing Chancer to grow. 

In the P2P model, users create their betting markets and determine the rules and odds. Say you strongly believe company X will debut a new product in January, but your friend differs. You can create a P2P market for the probabilistic outcome on Chancer. You and your friend (peer) can then bet on the outcome. 

You can think of any other event and create a Chancer market for it. The increased number of events that one can bet on expands the scope of betting. As more users join, Chancer will have a great opportunity to grow and occupy a crucial position in betting.

From an investment perspective, Chancer carries a huge opportunity. Creators can build real-time betting games and earn from their skills and dedication. A staking feature will also be available for holders of Chancer tokens. This is a good way to contribute towards the growth of the Chancer platform and earn passive income. 

Other ways to earn through Chancer include sharing the platform. Users are rewarded as more users join the network and help Chancer grow. There are also discounted fees to be enjoyed by Chancer token holders for using the platform.

Will Chancer rise by 50x by the end of 2023?

Betting is one of the fastest-growing sectors, and Chancer could benefit from the trends. Consequently, analysts have lauded Chancer token as a 50x investment. By making betting available to everyone and giving them flexibility, the prediction is justified.

However, looking at the project’s roadmap, the projected 50x increase could be too soon for 2023. Chancer is in its infancy, and crucial project development, like the mainnet, will occur in early 2024. The timeline means any prolonged and sustainable gains to take to 50x could happen in the medium to long term.

In 2023, the value of Chancer will be driven by speculations after the token lists. A projected increase of about 10x is more realistic. 

Is Chancer worth buying this week?

Chancer value has been rising at every stage of the presale. Buying the token this week is advantageous before the price increases in the next stage. When the presale ends, investors who bought the token early will get assets with greater value.

Also, buying Chancer in the presale is beneficial. Tokens of presale carry a low risk since they are selling at a value less than the market. When Chancer is listed on CEXs, the token could skyrocket, and investors will spend more to buy. Buying now allows the investors to capitalise on possible price gains expected due to listing speculations.

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