Outside Source
-
Meme coins like Bonk, Pepe, and MEME have surged in the past few weeks.
-
Their rally mirrors that of other coins like Bitcoin and Ethereum.
-
Memeinator could grow to become the next big thing in he industry.
Meme coins have made a strong comeback lately. Bonk, the Solana meme coin that became prominent in January, surged to a high of $0.0000034, which was over 1,850% from the lowest level this year. Its market cap has jumped to over $121 million.
Memecoin (MEME) has also surged by more than 2,770%, giving it a market cap of over $198 million. It has done well even though its website states clearly that it has no use. It has no utility, no roadmap, and no expectation for financial returns.
Pepe token has jumped by over 480% from the lowest level this year. Like the other two, Pepe’s market cap has jumped to over $474 million. Dogecoin and Shiba Inu have a combined market cap of over $16 billion.
This performance means that meme coins are now finally back even though most of them have no intrinsic value. Shiba Inu’s plan to create its utility through its Shibarium launch seems like it has not done well. Similarly, Floki Inu’s ecosystem is not doing as well as expected.
Memeinator could be the next thing
Memeinator (MMTR), a new meme coin, could be the next big thing in the crypto industry. This explains why the meme coin has raised over $1.4 million in the past few months. And the trend is improving at a fast pace.
Memeinator’s success is mostly because of the increasing use of social media and digital advertising in the ecosystem. Also, the developers have created a unique competition where the lucky winner will get a Virgin Galactic ticket to go to space. That ticket is valued at over $250k and over 355k entities have been made.
Memeinator has also partnered with other big players in the crypto industry, including the biggest websites in a bid to boost its awareness. The goal is for it to become popular and raise cash during this token sale ahead of the next token listing.
We have seen many new meme coins go vertical and become the largest part of the crypto industry. Some of the most popular recent ones are Bonk, Memecoin, and Pepe, which have created hundreds of millionaires in the past few months. You can buy the MMTR token here.
There are a few reasons why the MMTR could become the next big thing in the crypto industry. First, unlike other tokens like Pepe and MEME, Memeinator has a name recognition. Its Twitter, Discord, and TikTok users are growing very fast.
Second, the meme coin is also infusing with artificial intelligence (AI), which is one of the biggest industries in the world. Today, ChatGPT is valued at over $80 billion, making it one of the top companies in the world.
Finally, market conditions are supportive of cryptocurrencies as Bitcoin and other cryptocurrency prices jump and as Federal Reserve prepare to cut rates in 2024.
This article first appeared at
