Kategorie: Altcoin News

• The Memeinator (MMTR) presale has hit $590k just days after its launch. 
• As a new AI-powered project, Memeinator aims at providing genuine utility and value to crypto meme users.
• It’s a new era that will see Memeinator hunt down and destroy weak meme coins on its way to a $1 billion market cap.

Traction for the global meme cryptocurrency space over the past two years has been spectacular. What with the rise of meme altcoins like Dogecoin and the impressive Shiba Inu, Pepe and FLOKI driving a practically non-existent market to a $20 billion ecosystem. At its peak, memes accounted for over $36 billion of total crypto market cap.

But while the trajectory for meme coins is expected to be on the upside as quality comes to the sector, one project – Memeinator (MMTR) – wants to see the market rid of weak memes. An annihilation of these poorly designed and often scam projects is what will restore the ecosystem’s belief in such tokens.

That era is here with the launch of the Memeinator presale.

What is Memeinator?

The Memeinator (MMTR) presale launched on September 27, marking the crypto project’s first encounter with the crypto community. It was also the beginning of the end for puny tokens masquerading as dog, frog or other such meme-inspired projects.

Within days, Memeinator has attracted over $590k from investors – a debut that suggests this AI-powered project offers value that the community has failed to garner from many of the OG meme replicas.

“Terminator 2: Judgement Day”- inspired Memeinator has served notice to all memes – it has a $1 billion market cap in the short term and achieving it means hunting down all weak memes. Leveraging an AI-powered Memescanner system to dominate the space is not all though.

The project seeks to give its community access to real value via the Memeinator Game and will incorporate NFTs, staking rewards, token burns to unlock further gains for MMTR holders. With such utility prospects built into the roadmap, it’s likely the presale could be just the beginning of an astounding community initiative.

Among would-be competing altcoins, Dogecoin, Shiba Inu, Floki and Pepe stand out. According to data from CoinGecko, only DOGE and SHIB have a current market cap of over $1 billion – $8.6 billion and $4.2 billion. The Memeinator’s $1 billion market cap target means FLOKI and PEPE are currently among those marked for early judgement.

What’s the price of Memeinator (MMTR)?

Crypto and AI enthusiasts can scoop up MMTR at $0.0112 in stage three of the presale before price jumps to $0.0118. Notably, the token was priced at $0.01, a likely bargain given the final presale price is locked in at $0.0485.

Although market uncertainty and other headwinds could dictate trading performance when coins list on major exchanges, the explosive returns by major projects within the ecosystem suggest MMTR is trending towards a solid debut.

When will Memeinator hit the trading market?

The Memeinator presale has been split into 29 stages, with the project’s whitepaper outlining a total MMTR supply of 1 billion tokens. According to its stated tokenomics, 62.5% of MMTR will be available to early birds via the presale, while the rest is split between exchange listings and marketing, development, liquidity provision and competition pool.

You can buy MMTR today ETH, BNB, USDT and USDC, with the tokens purchased claimable when distribution takes place at the end of the presale. Users have to note that MMTR can only be purchased via the official presale page (accessible here) at this stage. 

The tokens will later be available on leading cryptocurrency exchanges and trading platforms after the presale, expected to be in Q4 2023.

Find out more about Memeinator (MMTR), including how to buy, here.

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• Shiba Memu presale has hit $3.6 million as more investors buy into AI meme coin.
• Meanwhile, stablecoin on exchanges is at a 6-month high, led by massive whale deposits.
• What does spike in exchange buying power means for crypto, Shiba Memu?

Although the crypto market is still largely in the accumulation phase amid the latest price movement, analysts are pointing to on-chain data to suggest a bull run might not be that far off. That has to do with an uptick in exchange holdings of the stablecoin Tether (USDT), a metric that has historically coincided with fresh opportunities for crypto investors.

What does this strong bullish flip mean for Shiba Memu, a new crypto project that has raised nearly $3.6 million in its recently launched presale?

Investor buying power jumps 7%, what it means

As Bitcoin broke above $28k earlier this week, on-chain data shared by market intelligence platform Santiment pointed to a significant change in investor sentiment. This is down to the amount of Tether on exchanges, which data shows recently hit a six month high. The exchange buying power increased 7% from roughly 17.6% to 24.7%.

It’s an increase that points to a spike in stablecoin buying power, often an accumulation phase that precedes a fresh entry into the market. A sharp rise in exchange buying power, which takes shape with whales in the forefront, tells the market investors know it’s time to buy the dip.

“The 10 largest addresses have also upped their $USDT holdings from $7.30B to $9.42B in 3 months,” Santiment wrote on X (formerly Twitter). It’s an outlook that suggests the next market dip could be significant, although that’s when investors seize on the opportunity to buy at discount prices.

Often, BTC and ETH are top buys when prices crash. XRP and Polygon, two altcoins that are seeing month-high volumes driven by various factors, could be at the top of many investors’ watchlists.  However, as investors have always eyed the next bull market gem – one of the projects attracting most attention in Shiba Memu.

Shiba Memu – marrying meme with AI

Shiba Memu is a project that seeks to bring the benefits of artificial intelligence to the meme coin world.

Dogecoin, Shiba Inu and other leading meme tokens have one feature in common – the inordinate reliance on human marketing effort to feed into the hype that drives traction. Shiba Memu stands out on this aspect among its would-be memesphere competitors. Mainly, it’s the AI-driven project’s leveraging of the new technology to create a marketing powerhouse that doesn’t rely on human effort.

Apart from that, value for the community will be enhanced by functionality such as staking and interaction with decentralised applications (dApps).

How does Shiba Memu work?

Natural language processing, machine learning, predictive analytics and image/video recognition are among trends that define the project’s selling point. AI algorithms will be used to create a self-sustaining marketing machine, feeding on the meme-inspired world to drive adoption for SHMU.

This will be achieved via a unique AI dashboard that will among other features offer direct interaction between the meme genius and Shiba Memu holders. Feedback and suggestions incorporated from users will give them a chance to earn extra SHMU.

AI narrative – mainstream adoption is here

One of the major venture funding developments this week has been the news that artificial intelligence startup Anthropic is looking to raise $2 billion from investors, led by Google. Reported by The Information, the details emerge just days after ecommerce behemoth Amazon.com Inc. said it would invest up to $4 billion in the OpenAI rival.  

According to the report, Anthropic’s latest funding could see the company valued at $30 billion, a prospect that has ignited interest in AI following the high expectations championed by Microsoft, Nvidia and Palantir among others.

Elsewhere is the continuing adoption of crypto and blockchain that has investor optimism on the industry’s future at new highs. Shiba Memu’s AI-powered project sits nicely at the intersection of these two technological developments.

Indeed, interest in this AI-powered meme token has seen its presale attract remarkable investment from around the globe. Currently, that amount stands at $3.6 million and more will likely seek this early-bird opportunity.

Learn more about Shiba Memu from its whitepaper or by joining the presale here.

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• Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k.
• MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2.01

The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin (BTC) and most altcoins sending the total market cap up by 3.1% as at the time of writing. BTC traded above $27k again, benefiting from overall positivity in risk asset markets.

With stocks also edging higher following a retreat for yields and oil, two notable performers in crypto were Maker (MKR) and THORChain (RUNE).

Maker price breaks to highest level since May 2022

Maker (MKR) broke higher following this week’s impressive gains, trading to intraday highs of $1,542.90 on Coinbase. Bulls were looking for a fourth consecutive green candle on the daily chart, with 24-hour gains of 6% and weekly uptick of 16%. MKR price has jumped nearly 48% in the past 30 days.

Amid the gains is a surge in on-chain activity, particularly in active address count that stood at a 10-week high as of Thursday. Interest in MKR could see bulls seek out $2,000 – especially if the overall market picture supports further upside momentum.

THORChain (RUNE) eyes breakout above $2

THORChain (RUNE) price is one of outperformers today, with the altcoin’s value breaking beyond $1.9 as buying pressure mounted.

RUNE got rejected at $1.98 on September 18, eventually slipping to lows of $1.65. Today’s gains sees the cryptocurrency pierce the resistance around $1.74, with the 20-day EMA acting as support near $1.72.

For RUNE, there could be an urgency among buyers if price breaks above $2.01. If the expected buy-side liquidity plays out, we could see RUNE/USD eye $3.

However, while bulls might eye a fresh break to $3.00, they face tough resistance at this week’s supply wall that’s part of a horizontal hurdle that also thwarted buyers in February. A pullback is therefore likely given potential profit taking, in which case the primary support could be in the region of $1.72 to $1.66.

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• Stafi (FIS) price is up 3% in the past 24 hours and 13% this past week.
• The Staking Finance governance token has seen a spike in whale transactions of $100k+, on-chain data shows.
• Interest is seeing FIS outperform major altcoins.

Stafi (FIS), the governance token of the StaFi protocol, has seen a decent spike in the past 24 hours to bring total gains in the past week to more than 13%.

Currently trading at around $0.29, FIS has outperformed the major cryptocurrencies as they continue to struggle for volatility. All top altcoins by market cap are 2%-5% down in the past seven days, with Bitcoin (BTC) perched above $26k but down 4% in the outlined period. Ethereum, which came under renewed downward pressure following news of Vitalik Buterin’s latest ETH transaction, remains below $1,600 with -3.8% in the past week.

Why is the price of Stafi (FIS) up today?

As noted, FIS is a governance token for the Staking Finance, a DeFi protocol that offers access to liquidity of staked assets.

Other than its use in staking, FIS is used as transaction fees. But traders and investors are increasingly turning to the protocol rTokens, reward tokens that one receives when they stake Proof-of-Stake coins and tokens like Ethereum. These tokens are tradable and act as collateral on lending platforms. In other words, FIS holders have various opportunities of earning, including from staking rewards and lending of rTokens.

Stafi has recently added rTokens for Polygon (MATIC) and Cosmos Hub (ATOM).

Interest in FIS has skyrocketed over the past few weeks, reflecting in the token’s price performance. According to data by market intelligence platform Santiment, FIS is among a few smaller cap altcoins to see a significant uptick in whale accumulation.

Per on-chain data the firm shared on X, whales have been “most active,” in the ecosystems of aelf (ELF), Cream (CREAM), Stafi (FIS) and Linear (LINA). The networks have witnessed a surge in whale transactions involving $100,000 or more.

“These projects have a higher probability to see big swings this week,” Santiment analysts have noted.

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