Memeinator Price Prediction – Will it Pump Further After Initial Listings?

Memeinator Price Prediction – Will it Pump Further After Initial Listings?

memeinator

The post Memeinator Price Prediction – Will it Pump Further After Initial Listings? appeared first on Coinpedia Fintech News

Memeinator is the latest talking point in the high-octane meme coin market. The token was listed on exchanges on 29 May after raising $7.7 million at the presale.

Let’s take a look at this project’s price potential and whether it could continue to grow.

Memeinator Bullish But Recent Selloff Increases Uncertainty

Following a hyper-successful presale that raised $7 million, Memeinator’s initial exchange offering (IEO) got off to a fast-paced start.

While the token has yet to be listed on CoinMarketCap, DEXTools data shows a decisive pump got things underway for the terminator-themed cryptocurrency.

Peaking at a market cap north of $30 million, investors were eager to get in on the project following its presale triumph.

The price peaked at around $0.04, resulting in over 80% gains. However, things soon took a turn for the worse as the price returned to base.

Currently, MMTR is trading at $0.024, a 63% drawdown from its peak.

It holds a $21 million market cap and $79K 24-hour trading volume.

mmtr-usd-chart

As per its website, Memeinator is “a new crypto project that leverages AI technology, powerful viral marketing, and a voracious dislike of crap memes to advance itself to become the ultimate meme coin token.”

Its roadmap includes exciting plans like a terminator-themed game, an AI-powered meme scraper, “meme replicants,” and tier-one exchange listings.

The project is currently listed on Uniswap and MEXC.

Considering its presale success and utility-based approach, Memeinator is undoubtedly a promising meme coin contender.

However due to its recent launch, analysts have yet to weigh in on its potential.

However, the MMTR price chart shows that it is currently holding above a trendline support level.

Should this level hold, a move toward $0.05 could occur in the coming days. This would be significantly bullish, confirming the uptrend and laying the way for further growth.

That said, volatility is minimal on the trend line, suggesting a disinterest from bulls.

This dials up the likelihood of a break to the downside, which could see the MMTR price collapse.

mmtr/usd

Overall, Memeinators initial pump reflects the market’s deep appetite for new meme coins.

However, one of the project’s big issues, potentially contributing to the selloff, is that presale buyers had to vest their purchases. 

The tokens will unlock will occur on the 29th of each month between May and August. 

vesting-unlocked

This means a significant portion of MMTR will be released onto the market in the coming months, which may have deterred new investors from buying. 

So, with that in mind, let’s consider another emerging AI-meme coin presale that does not require users to vest their tokens.

Is This the Next Big Meme Coin Presale? WienerAI Presale Raises $3.5M and is Backed to 100X

Like Memeinator, WienerAI has caused a buzz thanks to its hybrid meme coin-AI use case.

In a short time, the project’s presale has racked up over $3.5 million in investments and received backing from leading industry analysts.

Behind its meme coin exterior lies WienerAI’s true power – a revolutionary AI trading bot.

wiener-ai-image

This tool can be used by novices and pros alike. It’s the ultimate blockchain companion. 

Users can ask it questions, and it will scour the market for the best trading opportunities.

Not only that, but it also tackles the perplexing issue of on-chain transacting.

Anyone who holds on-chain tokens understands the convoluted experiences of buying crypto.

Getting front-run by MEV bots, slow or failed transactions, and slippage are just some of the issues.

However, WienerAI’s automated trade environment puts a stop to this. With the click of a button, users get instant, fee-free, MEV-resistant, and noob-friendly trade execution.

Top market analysts have noted this use case, with Crypto Wire speculating that it could have 100x potential.

And with the presale ongoing and no vesting schedule, this is the perfect time to get involved.

The current $WAI price is $0.000712, but this will rise throughout the presale. The next uptick will occur in one day or when the total raise hits $3.7 million.

Visit WienerAI Presale

editorial staff