Memeinator hits $3.5m in presale

The Memeinator presale has raised $3.5 million. Meanwhile, MMTR is trending higher. Available for $0.0186, the token is up 86%.

What is Memeinator?

Memeinator, a new meme coin, has gained traction with over 24,000 users on X account, 7,000 members on Discord, and 11,000 members on Telegram.

During the last bull run, there was a surge of meme coins, with many being useless and ineffective. Memeinator aims to dominate the meme coin space and eliminate them. 

It plans to offer a GameFi experience called Meme Warfare, where players navigate through combat scenarios as Memeinator in a virtual arena, fighting against other “useless” meme coins.

Memeinator also supports staking and yield farming. It has also struck partnerships with well-known brands and influencers. 

Its roadmap includes an NFT project, a merch store, and a referral program.

Memeinator is launching when the GameFi market is expected to grow to over $36 billion by 2029. 

Its Memescanner, an AI meme assessment tool, will help players expose and eliminate other useless meme coins.

MMTR powers Memeinator

MMTR is the lifeblood of the Memeinator ecosystem. 

With a total supply of 1 billion, its distribution strategy aims to enhance accessibility and reward early supporters.

During the presale, 62.50% of the tokens are released incrementally, alongside allocations for marketing, development, liquidity provision, and a competition pool, offering a lucky winner the experience of a lifetime with a ride to outer space on the Virgin Galactic. 

At the time of writing, 193,965,517 tokens remain.

The presale is now in stage 12, and MMTR is available for $0.0186. 

Once the platform launches, users can stake, with the first staking pool set at 45% APY. 

Beyond passive income, MMTR is deflationary. The team will periodically enact a burn mechanism, possibly supporting prices. 

Six presale stages of tokens have been burned to increase scarcity, a move that has been communicated transparently to the community and an approach that secures holders’ interests in the expanding memeiverse.

A Memeinator price prediction

As this bull cycle is only just getting going and is likely to run until Q4 2025, Memeinator may end up commanding a $1 billion market capitalization. 

While this target may appear ambitious, one should look at other meme coins from the previous cycle. Dogecoin, for instance, achieved an all-time high market cap of $88 billion, and Shiba Inu had $32.8 billion in market cap when it peaked in 2021.

Dogecoin and Shiba Inu have some degree of utility. But Pepe Coin (PEPE), despite offering zero inherent utility, reached a $1.7 billion market cap early last year. However, as you can see from the chart above, Pepe has underperformed against Bitcoin for most of last year. 

The actual utility of Memeinator could support its journey to a $1 billion market cap. If this is the path, MMTR prices will likely rise in tandem.

Conclusion

The meme coin has many useless coins, and Memeinator is out to clean up. 

Memeinator is in stage 12 of its presale, and only 193,965,517 are available to buy before the presale ends in Q1 2024.