Key takeaways

Shiba Inu performed well over the last seven days, adding 5% to its value. However, it has been underperforming over the last few hours as the market undergoes a retracement. This hasn’t stopped the Memeinator presale from closing in on the $1.5 million milestone. 

Shiba Inu stays above $0.000008

The cryptocurrency market has been underperforming over the last few days. However, SHIB, the native coin of the Shiba Inu ecosystem, remains above the $0.000008 level.

SHIB is up by more than 5% over the last seven days despite giving up some of its earlier gains. At press time, the price of Shiba Inu stands at $0.00000874. SHIB’s poor performance over the last few days coincides with a retracement in the broader market. 

BTC has lost more than 3% of its value over the last few hours. At press time, the price of Bitcoin stands at $36,448 per coin. 

What is Memeinator?

The crypto market has been performing well since the start of the year and investors are looking for new and exciting projects to invest in. Memeinator could be one of the projects to consider. 

Memeinator is a Web3 project that is taking advantage of the meme coin wave and seeks to provide numerous utilities to users. According to the team, the prime focus of the project is to eliminate worthless memes and improve content creation for users. 

Memeinator also wants to become one of the top meme coins in the cryptocurrency space. The team intends to provide utilities that would see Memeinator reach a $1 billion market cap in the medium term.

The project wants to leverage AI technology to identify worthless memes, allowing investors to know them and avoid them. 

The Memeinator presale is currently in its sixth stage and the team has raised more than $1.4 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-bird investors a whopping 132% ROI at listing.

The team said they would launch a Memeinator game at the presale’s conclusion. The Memeinator game players will have the opportunity to eliminate enemy memes to win some exciting prizes. 

Why is the Memeinator presale growing so fast?

Memeinator continues to attract more investors as it offers excellent use cases to content creators within the Web3 ecosystem and beyond. What makes Memeinator unique is that it is appealing to a wide range of audiences, from degens to crypto natives and speculators.

The project will leverage AI to analyze and evaluate memes on the internet. It will identify low-quality memes and replace them with superior ones. Memeinator is also dedicated to uplifting meme culture and quality.

Per the team, holders and network participants will earn incentives for using the Memeinator network. Its native MMTR token has some excellent features, such as deflationary mechanisms and rewards for holders, incentivising the project for holders in the long term. Furthermore, 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

Click here to read more about the Memeinator presale.

Why should you invest in Memeinator? 

The Memeinator project has so far raised over $1.4 million and it is currently in its sixth presale stage. The platform will leverage AI technology and blockchain to provide excellent value to investors in the medium and long term.

With a market cap target of $1 billion, early investors could record massive gains in the medium term if that happens.