Monat: Oktober 2023

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Memeinator prediction as presale kicks off on a strong demand

  • Memeinator aims to destroy and take weak meme tokens to oblivion.

  • Memeinator will deliver a 132% return during the presale.

  • A 10x to 50x increase in MMTR value is expected.

Memeinator (MMTR) went on presale on August 29th at an attractive price of $0.01. A week later, investors have bought over $650,000 worth of tokens. Investors particularly look at Memeinator’s immense potential and a 132% ROI during the presale. By the recent buying strengths, Memeinator could be the ultimate meme for 2023 and beyond. 

What is Memeinator and its value proposition? 

Memeinator is an upcoming cryptocurrency that rides the meme mania and frenzy to become viral. The team will invest heavily in branding and marketing to make Memeinator among the most popular projects. But Memeinator carries a huge value proposition.

The project is dubbed as a futuristic meme. Having travelled back from 2077, Memeinator focuses on destroying memes that won’t survive in future. It uses AI to scan the web for poorly designed and low-quality memes and destroys them. The aim is to let only the powerful, impactful, and valuable memes thrive. 

The Memeinator team believes the project’s crucial role in the meme space will enable it to dominate. As more people talk of it, it will increase online mania and cause the price to skyrocket. Combined with powerful AI-enabled marketing, the team believes the token could hit a $1 billion valuation.

Is Memeinator a good investment opportunity?

If history is to repeat itself, Memeinator could be the ideal investment for 2023. Think of big price moves that have happened elsewhere. Dogecoin, Shiba Memu, and PEPE are some tantalising projects that have returned big. Memeinator carries a similar potential, owing to its meme tag and an AI application. 

Investors also look at Memeinator as an ideal project for passive income. The project features a staking feature that lets MMTR buyers commit some tokens for regular rewards. There are also exclusive NFTs, initially available to presale buyers. 

A game feature to be launched once the presale ends also increases the utility of Memeinator. The game lets players engage in enemy pursuits, dismantling rival memes. As such, not only is Memeinator a utility token, but it also offers a fun way to invest.

Memeinator value increases in presale and prediction 

The Memeinator token will be valued at $0.0485 by the end of the presale. The value represents a 132% increase from the initial $0.01 at the beginning of the presale. 

The real value of Memeinator will be realised when the token lists on exchanges. According to the project’s roadmap, the listing will occur on tier 1 exchanges. Listing on leading exchanges makes the token available to many people, helping it increase in value.

A prudential prediction of a 1,000% increase will take the value of Memeinator to 0.485. The prediction is based on similar increases recorded on meme tokens. The value increase could be higher depending on the demand once the token is listed.

In the future, the increase of Memeinator could be as much as 50x. The token features a highly ambitious roadmap and quarterly burn that will help it retain value. Some project features include a fully audited smart contract platform and a resistant army backing it. Memeinator will also launch meme replicants to cement its dominating position. 

The project will also partner with top-tier platforms and influences to supplement its AI-enabled marketing. Once these are implemented, Memeinator price could become unstoppable. 

Memeinator ambitious tokenomics and presale

Memeinator’s presale occurs in 29 stages and is now in the third stage. 62.50% of 1,000,000,000 tokens will be offered during the presale. 15% will be allocated for the project’s marketing and CEX listings. 

The Memeinator team is allocated 10% of the tokens to fund ongoing development activities. 5% will go to liquidity provision and 7.5% to a competition pool. 

The tokenomics underline the strong ambition of the Memeinator team to see the project to fruition. That means the potential for the project to dominate is huge, increasing the viability of its token. 

The post Memeinator prediction as presale kicks off on a strong demand appeared first on CoinJournal.

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Ethereum Foundation swaps Ether worth $2.7 Million, ETH dips

  • The swap was done on Uniswap.
  • Ethereum (ETH) had dropped 1.64% at the time of writing to trade at $1,593.66.
  • Ethereum Foundation’s significant holdings of Ether influence market dynamics despite its decentralized nature.

The Ethereum Foundation, a key player in the development and ecosystem of the Ethereum network, sold a portion of its allocated Ether (ETH) tokens. A wallet identified as “0x9eE457023bB3De16D51A003a247BaEaD7fce313D,” labelled as a “Grant Provider” on blockchain tracker Etherscan, executed a swap of over 1,700 ETH for $2.7 million in USDC on the Uniswap decentralized exchange.

Market reaction and impact

The sale of ETH tokens by the Ethereum Foundation triggered a reaction in the cryptocurrency market.

Ether’s price dipped by approximately 1.5% within a few hours, and over the subsequent 24-hour period, the drop extended to 1.8%. This event led to a temporary slump in the value of Ether and affected other major tokens as well.

Ethereum Foundation’s holdings

As of April 2022, the Ethereum Foundation held a substantial amount of ETH, valued at nearly $1.29 billion, representing roughly 0.297% of the total Ether supply at that time. Additionally, the foundation had approximately $300 million in non-crypto investments.

While the Ethereum Foundation does not govern the Ethereum blockchain, its actions can significantly influence token prices and impact investor and developer sentiment within the Ethereum ecosystem.

The Ethereum Foundation plays a crucial role in funding and supporting the development of applications and programs on the Ethereum network. While it is not a centralized authority, its activities are closely watched by the crypto community due to its historical significance and impact on the Ethereum ecosystem.

This recent sale is part of the Ethereum Foundation’s periodic token sales to cover operational costs and support ongoing development efforts.

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Bancor (BNT) hits 2-month high amid spike in whale activity

  • Bancor (BNT) price rose more than 70% to $0.69, the coin’s highest level in two months. 
  • BNT price surged as whale activity and network growth drove buyside pressure.
  • Geopolitical events in the Middle East have dampened markets, but analysts say Bancor could surge to new multi-month highs.

Bancor recorded a significant bump in price over the weekend, rising to a two-month high of $0.69 as BNT buyside pressure saw it outpace Bitcoin and top altcoins. The coin’s upside of 71% for the 24 hours to Monday morning came even as the fresh geopolitical events appeared to dent sentiment battered by inflation and interest rates concerns.

Bancor price surges as markets weigh Israel-Hamas conflict

Ahead of markets opening on Monday, US stocks were down and Bitcoin, Ethereum and most altcoins were trading lower. Investor jitters come as analysts point to the potential impact of a full-scale war in the Middle East following Israel’s retaliation to a surprise attack by Hamas.

While the Saturday attack saw a swift spike in oil prices, speculation over what happens next in the volatile region meant a slowdown for risk assets.

However, the impending escalation aside, the Bancor price broke out as network growth and whale activity skyrocketed. Other than a massive haul of BNT by a wallet linked to Korea’s largest crypto exchange Upbit, on-chain data also showed the most active addresses have been busy over the past two days.

According to data by Santiment, Bancor’s price peaked with a +71% gain in 24 hours to reach $0.67 – the cryptocurrency’s highest price level in two months. The BNT/USD pair changed hands at highs of $0.69 on crypto exchange Coinbase.

What next for BNT price?

As analysts at Santiment pointed out in post on X, the price increase coincided with a spike in active BNT addresses. Specifically Bancor’s 797 active addresses saw their most active single-day surge in almost 2 years.

“If on-chain metrics continue [at] this rate, a further increase may be in store,” the analytics firm noted.

In this case, bulls can target the supply zone at $0.77 and multi-month highs going back to mid-June. This could possibly open up a path to $1.18. On the downside, the key price level to watch is $0.50, below which Bancor look for a demand reload at $0.34.

The post Bancor (BNT) hits 2-month high amid spike in whale activity appeared first on CoinJournal.