Kategorie: Crypto Analysis

• Cryptocurrencies are in a strong uptrend ahead of Christmas.

• There are signs that a Santa Claus rally is underway.

• Memeinator token is nearing its target goal.

A Santa Claus rally is emerging in the crypto and stock market. Bitcoin is targeting the year-to-date high while American indices like the Dow Jones, S&P 500, and Nasdaq 100 indices are trading at their record highs. 

In addition to BTC, other cryptocurrencies like Solana, Bonk, and IoTeX are also doing well. Indeed, Solana has just overtaken XRP to become the fifth biggest cryptocurrency in the world, helped by the meme coin hype.

Meanwhile, Memeinator, an upcoming cryptocurrency that aims to infuse the concept of Artificial Intelligence (AI) with meme coins is thriving. Its token sale is slowly nearing its target of $2.4 million as it nears its end.

Why are cryptocurrencies soaring?

Cryptocurrency prices are surging because of several important factors. First, the SEC, Blackrock, and Nasdaq held their second meeting to deliberate on the mechanics of a spot Bitcoin ETF. This meeting confirmed to many people that the SEC would approve these ETFs in the coming weeks or months.

They are also jumping because of monetary policy issues. On Wednesday, the Office of National Statistics (ONS) published encouraging inflation data. The data revealed that the UK inflation dropped below 4% in November.

These numbers confirmed that global inflation was falling and that central banks wll start cutting interest rates in the coming months. The Fed has hinted that it will start lowering rates in June next year. Other banks like the ECB and the Swiss National Bank (SNB) are also expected to lower rates.

Cryptocurrencies and stocks tend to do well in a period of rate cuts because it usually ushers a new era of risk-on sentiment. This explains why the US dollar index and global bond yields have pulled back in the past few weeks.

Therefore, analysts believe that the cryptocurrency bull run is just geting started. In a note, an analyst at CryptoQuant noted that Bitcoin could rise to a high of $164k in 2024. He highlighted the following factors.

“We argue that bitcoin and crypto markets could have a positive year in 2024 mostly amid the effects from: 1. The market valuation cycle, 2. Network activity, 3. The bitcoin halving, 4. The macroeconomic perspective, 5. Bitcoin spot ETF approval and 6. Growing stablecoin liquidity.”

Memeinator to benefit

Memeinator’s MMTR token will likely benefit if this forecast is accurate since most altcoins tend to do well when Bitcoin is rising. We have seen several new meme coins surge in 2023. For example, coins like Bonk and Pepe have gained a combined market cap of over $1 billion this year.

Memeinator is aiming to conquer this industry by creating a cult following among community members. Already, more than 384k people have entered its competition to win a trip to space using Virgin Galactic’s ship. Its promotion has also reached millions of users.

In addition to its meme coin tools, the network aims to take advantage of artificial intelligence, which has gone mainstream this year. Therefore, I suspect that the MMTR will join the crypto rally in 2024. You can buy the MMTR token here.

The post Santa Claus rally restarts, BTC eyes YTD high as Memeinator thrives appeared first on CoinJournal.

• Solana has been bullish since October but faces resistance at $75

• Memeinator sale has accelerated, with a 10% Christmas bonus for presale buyers.

• Memeinator is a potential 10x and 50x gainer.

With double-digit gains in the past week and a bullish market since October, Solana holders must be happy. For a token that traded at just $19 in early October, a current price of $75 is worth attention. But how long can SOL market price gains continue? We get to the details and let you know more about the tantalising Memeinator presale, now on Stage 9.

Solana faces bear test at $75

Undoubtedly, Solana has been one of the best cryptocurrencies by returns in the last quarter of 2023. The gains have been fueled by network activity. A market report shows that the daily user activity on Solana rose by nearly 400% in the fourth quarter. The growth was a massive leap compared to just 3% for its close competitor, Ethereum. 

User activity on Solana has been mainly fueled by a series of airdrops by protocols that use the chain. For example, Oracle network Pyth (PYTH) airdropped 250 million tokens valued at $77 million on November 20th. Jito, another protocol on Solana, airdropped $225 million worth of tokens on December 7th. 

Solana’s price is also fueled by NFT and DeFi growth. For example, in the last three months, sales of NFTs on the network have risen by almost 500%. The increase has helped Solana outpace Ethereum on NFT sales volumes. Consequently, SOL price has responded as the token is used as the settlement layer on the platform.

Nevertheless, the $75 price is a key resistance. SOL has held to the level for the past three days, but bulls have been unable to break past it. Neither have the bears been able to force a correction, with bulls standing their ground. Obviously, the high network activity could support further gains and a potential breakout. But if bears take control, SOL might clash to up to $60 or lower. The risk invites caution for Solana buyers.

The Memeinator presale

Memeinator presale is an exciting capital-raising undertaking paving the way for a new meme crypto project. The presale occurs in 29 stages, with the current 9th stage almost at its conclusion. To give its presale investors an early Christmas gift, Memeinator has opened a bonus for its early backers. Investors are rewarded with a 10% bonus for $5,000 worth of MMTR purchases. The bonus ends in 4 days. 

Since opening a presale, Memeinator has been attractive for a good reason. The token’s price increases at every stage, with the current price at $0.0157. The token was valued at just $0.01 when the presale opened. MMTR will rise to $0.0485 at the end of the presale, returning 132% to investors. But is this all investors get with Memeinator investment?

How attractive is Memeinator?

If you have been watching the meme space for a while, you know it’s an industry with its ups and downs. You can’t fail to mention a project that went under with investors’ money. The rise of fake memes and rugpulls has made it difficult for investors to make worthwhile investments.

Memeinator’s value proposition lies in destroying weak, subpar, and non-original meme tokens. To achieve its objective, Memeinator deploys AI and meme-targeting systems. The technology crawls the web to find its targets and destroy them. In the end, Memeinator aims to become an investors’ darling, helping them invest in valuable projects.

To gain traction of its own, Memeinator invests in heavy marketing to dominate social chatter and popularity. Investors are also provided passive income-earning opportunities through staking, gaming, and community NFTs. Consequently, Memeinator has been touted as a $1 billion potential market cap crypto project.

Can Memeinator rise by 10x in 2024?

While Memeinator is still in presale, it has generated sufficient enthusiasm to become one of the best memes. The presale has raised over $2.26 million and is still going strong. Considering the parabolic moves recorded in the meme space, a 10x gain could be an underprediction for MMTR. The gains could be 50x or more in the future as Memeinator gains more traction.

The post Solana faces litmus test at $75, as investors grab early Christmas gift on Memeinator appeared first on CoinJournal.

• Avalanche and Cardano have gained by double digits in a week as network activity grows.

• Memeinator could benefit from investment inflows into risky assets.

• The use case and roadmap make Memeinator attractive.

With a gain of more than 37% over the past week, Avalanche is the strongest altcoin among its top peers. Cardano, another altcoin to see an increase in bullish inflows, is up 30% in the same period. The gains highlight a potential recovery in altcoins following recent bullish runs in Bitcoins. However, it is a sign of increased appetite for risky assets that boosts sentiment for the rest of the sector. Memeinator has also witnessed demand, as investors acquire over $1.93 million worth of tokens in presale.

Avalanche and Cardano gains positive for Memeinator

It might feel that the gains in Avalanche and Cardano are following the price of Bitcoin. However, analysts believe Avalanche price was already undervalued before the latest recoveries. Henrik Andersson, the chief investment officer at Apollo Crypto, is optimistic of Avalanche. The analyst says the wider market has undervalued Avalanche for a while. He noted that Avalanche has recorded greater TVLs than most of its peers, yet its market cap has remained low.

A quick check of Avalanche’s network activity shows a major improvement. The network’s total value locked (TVL) has increased from $490M in the past three months to $841M. Similarly, Avalanche’s total trading volume has increased by more than 2,400% in the same period. 

Fellow top gainer Cardano has also witnessed increased network activity. DeFiLlama data shows Cardno’s TV has increased from $381.15 million, an increase of over 37% in a week. Such inflows are price triggers as they signal investor interest that boosts the native tokens.

The return of crypto activity allows new projects like Memeinator to take off as the risk-on mood develops. Memeinator is likely to continue enjoying an initial presale demand and carry it after listing on exchanges.

Understanding Memeinator

Memeinator is an upcoming meme project and is set to debut on exchanges in 2024. The token was launched through a presale and occurs in 29 stages, each marked with price increases. By the time the presale ends, the value of the token will have risen by 132%. But what exactly is Memeinator?

Memeinator is a futuristic and AI-led project that claims to have travelled back from 2077. Its mission is to capture and destroy weak meme cryptocurrencies. The goal is informed by the rapid growth in subpar meme tokens that do not give investors value. As such, Memeinator will deploy the AI to scan for targets and destroy them from existence.

Besides, Memeinator will invest in robust marketing and branding to maintain relevance. The branding includes listing on the best exchanges and partnering with influencers to market the project. The aim is to ensure everyone is talking about Memeinator, helping it become popular. With this roadmap, Memeinator targets up to $1 billion market cap and being the most traded meme token. 

Is Memeinator a good investment?

When it comes to meme investments, very few projects make a cut. Most projects are launched on hearsay and carry little fundamentals. That has made many projects unsustainable, while several others have collapsed. Memeinator gives investors a new perspective: an ambitious roadmap-backed by use cases. As such, Memeinator has utilities in gaming, NFT, and staking.

Memeinator also has a team driving the project’s vision with clear objectives. The project is also backed by a community of investors that joined from the time the web page went live. More investors join through presale as the amount raised approaches $2 million. Therefore, Memeinator could be a valuable investment that will likely grow and surpass its peers.

The unique value proposition of meme targeting also makes Memeinator a potential winner in the meme wars. The use case could attract interest in the project and help in the price discovery of Memeinator. Predictably, the token could see up to 50x gains, following the trends set by its meme peers.

The post Avalanche, Cardano lead altcoin gains as Memeinator presale approaches $2M appeared first on CoinJournal.

Bitcoin price has done well this year as it jumped by more than 166% from its lowest point in December 2022. Other big tokens like Solana, Avalanche, and Immutable have done even better as they rose by over 200%.

However, meme coins like Pepe and Bonk have been the best-performing players in the crypto industry. Bonk the Solana meme coin launched in December, has surged by more than 6,000% from the lowest point in 2023, pushing its total market cap to over $732 million.

Pepe, a new meme coin launched a few months ago, has a market cap of over $575 million. This means that many people have become millionaires by investing in these two tokens, which have no utility. 

It also means that meme coins are not dead yet as most analysts were expecting. Indeed, coins like Shiba Inu and Dogecoin have a combined market cap of over $19 billion. This makes them bigger than some of the best-known companies in the world like Deutsche Bank, Zillow, and AllianceBernstein. 

Memeinator could be the next big thing

Memeinator, an upcoming cryptocurrency, could be the next big thing in the meme coin industry. The project, which is still in the presale period, has already raised over $1.9 million in the past few months. If this trend continues, the meme coin will get to its target of over $2.1 million in the next few weeks.

Memeinator has achieved this success because of the ongoing crypto rally that has pushed the combined market cap of all digital coins to over $1.6 trillion. It has also raised these funds because of the incentives offered by the developers.

For example, they have launched their staking platform that offers an APY of 45%. Over 7.1 million tokens have been staked and over 36,517 rewards paid out. This is a strong performance for a service that was launched recently. Over 21.5 million $MMTR tokens.

The other reason why Memeinator has done well is because of its promotion that will see a lucky person win a trip to space using Richard Branson’s Virgin Galactic product. That trip alone will be worth over $250k. You can buy the Memeinator token here.

AI and meme coin trends

Memeinator aims to be a successful cryptocurrency by combining the concept of meme coins and artificial intelligence (AI). Meme coins have jumped sharply while AI has been the biggest theme in the market this year. AI companies like ChatGPT and Anthropic have become multi-billion dollar entity this year.

There are several reasons why Memeinator token will likely do well in 2024. First, from a macro level, central banks are set to start cutting interest rates in 2024, which is a good sign for the crypto industry.

Second, Bitcoin is set to continue rising ahead of the halving event scheduled for April 2024. In most cases, BTC tends to do well ahead of the halving event. Altcoins do well when Bitcoin is rising. 

Finally, there is a high possibility that the Securities and Exchange Commission (SEC) will approve a Bitcoin ETF. 

The post Did you miss Pepe and Bonk? Memeinator (MMTR) could be next appeared first on CoinJournal.

The recent Bitcoin price surge has helped spur a major altcoin boom. Bitcoin price jumped to over $44,000 this week for the first time since April 2022, giving it a market cap of over $800 billion. This rally raises the opportunity that Bitcoin could retest its all-time high of over $67,000 in the coming years.

Altcoin season is underway

Some analysts believe that Bitcoin will jump to over $100,000 in 2024 helped by the upcoming halving, potential interest rate cuts by the Federal Reserve and the approval of a spot Bitcoin ETF. 

Halving will happen in April 2024; in most cases, BTC tends to thrive ahead of that event. Meanwhile, most economists believe that the Federal Reserve will start cutting interest rates in the year’s first half. 

The futures market predicts that the Fed will cut rates by 0.25% in March 2024 and then deliver at least two more later in the year. Bitcoin and other cryptocurrencies thrive in a period of high-interest rates.

The other important catalyst is the ongoing review of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC). Most analysts believe that the agency will ultimately approve the product since companies like Blackrock and Invesco have fixed its concerns. 

Besides, these companies have a long track record of filing and managing ETFs. Blackrock has over $9.2 trillion in assets while Invesco has over $1.47 trillion. Franklin Templeton has more than $1.5 trillion in total assets. As such, these are some of the best experts on ETFs.

Therefore, all these factors will likely lead to more inflows in both Bitcoin and altcoins like Ethereum, Cardano, and Polygon. We have already seen the alt season continue as most tokens like Solana, Bonk, Shiba Inu and Marinade Finance surged.

Shiba Memu to benefit in this rally

A key theme we have seen recently is the surge of key meme coins like Milady Meme Coin (LADYS), Bonk, and Pepe. These tokens are now worth millions of dollars and have made several millionaires along the way. Bonk is valued at over $600 million while Pepe is worth more than $500 million.

All this means that there is a room for more meme coins in the market. Shiba Memu is showing this as the developers have already raised over $4.7 million from investors, signaling that there is a demand for the token. 

Shiba Memu is an upcoming crypto token that is at the intersection of meme coins and artificial intelligence, a technology that has become popular this year. It aims to grow by using AI to self-market itself.

Shiba Memu’s token will next be listed in key exchanges after the presale period ends. Most analysts believe that the price will jump sharply after that if the altcoin season accelerates. You can buy the Shiba Memu token here.

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