Key takeaways
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Dogecoin has lost 10% of its value in the last seven days and has dropped below $1.
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Memeinator’s presale is now approaching the $2 million milestone.
The broader crypto market has been underperforming this week, with Dogecoin’s price slipping below the one-cent mark. However, Memeinator’s presale hasn’t slowed and is now approaching the $2 million milestone.
DOGE could record further losses as market correction continues
DOGE, the native coin of the Dogecoin ecosystem, has been underperforming in recent days. It has lost 10% of its value over the last seven days and has dropped below $0.10. At press time, the price of Dogecoin stands at $0.09193, down by 5% in the last 24 hours.
The poor performance is also affecting other leading meme coins including Shiba Inu and PEPE. However, the Memeinator presale continues smoothly and is close to hitting a new milestone.
What is Memeinator?
With Dogecoin and other major cryptocurrencies underperforming this week, it is clear that the crypto market is undergoing a correction. However, investors continue to search for new and worthy projects and Memeinator is a project to keep an eye on.
Memeinator is a Web3 project that will launch as a meme token and provide various utilities to its users. According to their whitepaper, the project will focus on eliminating worthless memes and improving content creation for users.
As a project that seeks to reach a $1 billion market cap, Memeinator will leverage AI technology and blockchain to identify worthless memes, allowing investors to know them and avoid them. Memeinator would reach its billion-dollar market cap by ensuring that its token and products gain massive adoption.
The Memeinator presale is currently in its eighth stage and the team has raised more than $1.9 million. The MMTR price began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early investors an amazing 132% ROI at listing.
The team also revealed that they will launch a Memeinator game at the presale’s conclusion. The Memeinator game will allow players to eliminate enemy memes to win some exciting prizes.
Why is the Memeinator presale growing so fast?
Memeinator continues to generate buzz amongst investors thanks to the value it intends to provide to users. With the right level of adoption, Memeinator would be used by degens, crypto natives, speculators, and content creators. Thus, giving it the opportunity to become a hit in the market.
The Memeinator platform will use AI to analyse and evaluate memes on the internet, identifying lower-quality memes to replace or “destroy. The developers believe that Memeinator will help in uplifting meme culture and quality.
Furthermore, according to the whitepaper, holders and MMTR users will be incentivized. The MMTR token has some excellent features, such as deflationary mechanisms and rewards for holders, incentivising the project for holders in the long term. 20% of the tokens are allocated for marketing, CEX listing and liquidity.
Click here to read more about the Memeinator presale.
Is the Memeinator a good buy?
Memeinator has raised nearly $2 million since the presale launched a few weeks ago. It is an exciting project that would see users leverage AI technology to provide excellent value to investors in the medium and long term.
With a vision to become a billion-dollar market cap project, early Memeinator investors would record huge profits once the token achieves this status. The right level of adoption could see Memeinator become one of the leading meme coins in the crypto market.
The post Dogecoin slips below $0.1: Will the market correction persist throughout December? appeared first on CoinJournal.
