Following the recent approval of Bitcoin ETFs, players in the crypto-currency market are anticipating a major influx of new capital in the near future. Against this backdrop of major changes, one new ICO is attracting particular attention from investors: Memeinator.
With the aim of rallying the biggest resistance movement the crypto-currency sector has ever seen and cleansing the market of useless meme coins, Memeinator has seen its pre-sale grow. It raised $3.9m to reach stage 13 of its 20-stage pre-sale, with investors anticipating positive profitability by 2024.
Read on to find out why bitcoin could soon reach $50,000 and how Memeinator could harness this potential to become the best investment of 2024.
Bitcoin: ETF approval paves the way for institutional adoption
Bitcoin is recognised as the king of crypto-currencies, accounting for around 50% of the massive $1.63 trillion market capitalisation. After bottoming out at around $16,200 in November 2022, the bitcoin price rose by around 200% to peak at around $48,500 at the end of December 2023.
Throughout 2023, the price of bitcoin has followed a similar trajectory to that of the S&P 500, with an upward trend. However, the second half of the year marked a turning point, with speculation around the launch of Bitcoin ETFs playing a predominant role in most of the bitcoin price rises.
Spot Bitcoin ETFs are changing the game by offering institutional investors access to the bitcoin market with guaranteed regulation. Instead of getting lost in the complexities of crypto-currency portfolios and exchanges, these entities can now participate in bitcoin price fluctuations without having to buy or hold BTC directly. This development could lead to billions or even trillions of dollars entering the market.
On 10 January 2024, the SEC approved Bitcoin spot ETFs. BlackRock, the world’s largest asset manager, launched the iShares Bitcoin Trust (IBIT). According to CoinDesk, IBIT saw a significant inflow of $1 billion just one week after its launch.
Bitcoin price prediction for 2024
After reaching $48,000 on 11 January, the bitcoin price has fallen back to $39,000 at the time of writing. However, given bitcoin’s expected halving in April, another factor expected to boost BTC higher, reaching $50,000 seems an easily achievable target following this event.
According to analysts, the bitcoin price could fall to around $35,000 in the short term if the current decline continues. Nevertheless, $50,000 could be reached within a few months as anticipation of halving intensifies, with strong potential for BTC to hit an all-time high of $70,000 later this year.
Memeinator: A positive movement in the world of crypto-currencies
Just as the rise of bitcoin in the 2010s spawned a multitude of altcoins, the viral hype surrounding Dogecoin and Shiba Inu in 2021 paved the way for thousands of new meme coins. However, these new crypto-currencies were often criticised for their lack of utility, focusing more on short-lived viral appeal supported by bad mascots.
They represent a huge market – worth around $20 billion, according to CoinMarketCap – but for the most part have no real use or purpose.
Against this backdrop, Memeinator presents itself as a different meme coin. Half-meme, half-machine, it arrives from the year 2077, a dystopian future where meme coins have invaded the market and compromised the potential of crypto-currencies as the future of finance. Memeinator’s mission is simple: return to the present, eradicate those same mediocre coins and prevent this bleak future from coming to pass.
It is initially aiming for a market capitalisation of one billion dollars, with the aim of being recognised globally as a revolution with an aggressive attitude. The fact remains that it is aiming for leadership status, dethroning Dogecoin, Shiba Inu and Bonk.
To achieve this, Memeinator is organising a resistance movement that already has 90,000 followers on Twitter.
Memeinator’s current pre-sale has raised $3.9m from a number of enthusiastic investors, all ready to revolutionise the meme corner sector. Incentives such as a generous sponsorship programme and large-scale competitions have only added to the enthusiasm. One lucky winner will win a trip into space with Virgin Galactic worth $250,000.
Memeinator’s Meme Warfare shooter, available only to token-holders, is an added attraction for the warrior clan. Players take on the role of Memeinator, engaging in exhilarating battles against rival meme coins and employing a range of insane strategies to assert their dominance. Meme Warfare harnesses the power of the Memescanner AI tool, which feeds selected representations of meme coins into the game to keep it engaging. In particular, this game enables Memeinator to align itself with the fast-growing GameFi sector, which is expected to reach a valuation of $90 billion by 2031, according to Business Research Insights.
Beyond gaming, Memeinator investors can strengthen the ecosystem through staking and earn up to 45% APY in passive income. An exciting NFT project is also in the pipeline, with the potential to become hugely popular as the Memeinator resistance movement gains momentum.
Memeinator price prediction for 2024
As Memeinator progresses through stage 13 of its 20-stage pre-sale, the MMTR token is currently priced at $0.0197, heading towards a final pre-sale price of $0.0292. The anticipated increase in the price of bitcoin this year is expected to have a positive impact on the sector as a whole, providing Memeinator with a potential opportunity to reach a market capitalisation of $1 billion.
By comparison, despite a relatively weak market and lack of utility, Pepe Coin reached a market capitalisation of $1.5 billion in mid-2023, recording a 900% increase in one week, as reported by Watcher Guru. More recently, Myro gained over 700% in January. If meme coins are able to achieve such a feat before the rise has even begun, the potential for many other corners later in the year and beyond is huge.
Memeinator has a strong chance of surpassing the $1 billion mark thanks to its innovative vision and utility-focused ecosystem. If it reaches that threshold, each of the 1 billion MMTR tokens could be valued at $1, translating into a staggering potential return of around 3,300% within a year.
The price of bitcoin is certainly promising, but Memeinator could be the most interesting investment of 2024.
The price of bitcoin is set to rise in the weeks and months ahead, paving the way for promising prospects for crypto-currency investors. This trend is reinforced by bitcoin’s recent “golden cross”, a market indicator signalling a long-term uptrend.
Nevertheless, it is Memeinator’s early investors who are poised to reap potentially revolutionary returns. As the altcoin season approaches, as many reliable sources such as CoinDesk point out, the Memeinator community appears to be on the cusp of huge gains.
Memeinator is expected to list on exchanges in the first quarter, and the remaining 172,413,793 pre-sale tokens could be sold in a matter of weeks. So far, each stage has finished faster than the last, and investors will be eager to grab the 48.22% of gains still available.
2024 could see a memecoin revolution led by Memeinator and its many holdouts. Act now or risk being left on the sidelines as Memeinator looks set to dominate this year’s crypto-currency rankings.
