Memeinator (MMTR) token prepares for big moves in June

Cryptocurrency prices have started the month well. Bitcoin jumped above $70,000 on Monday while the total market cap of all cryptocurrencies soared to over $2.56 trillion. Most meme coins have also jumped as the focus now shifts to Memeinator, which is preparing to make big moves this month.

Memeinator top news

Memeinator will be in the spotlight this month as the network makes several important news. The first one was that the token is now available for trading in Uniswap and MEXC. 

Uniswap is the biggest decentralized exchange (DEX) in the world, handling billions of tokens each day. MEXC is also one of the top crypto exchanges globally. The developers have committed to launching the token in other exchanges. 

Memeinator’s token started trading at $0.024, initially soaring to $0.026 on June 1st. It then tumbled to a low of $0.019 and has now bounced back to over $0.022. This is a common price action among most newly launched tokens since they move into a price-discovery phase shortly after their airdrop. 

Memeinator has also made other headlines, including the launch of its staking pool 2, which will allow holders to earn up to 60% APY. These are major returns considering that even the riskiest junk bonds are yielding less than 10%.

Further, according to its website, Memeinator is still working on its game, which is expected to be launched soon. They are also working on their Non-Fungible Token (NFT) projects. The goal is to ensure that MMTR is a meme coin with a utility.

What is Memeinator?

For starters, Memeinator is a newly launched cryptocurrency that aims to take advantage of the growing popularity of meme coins and artificial intelligence. It raised over $6.5 million earlier this year, making it one of the best presales.

Recent data shows that most meme coins have done better than traditional cryptocurrencies this year. Pepe has jumped by almost 2,000% from its lowest level this year while Brett has attained a market cap of over $1 billion. Notcoin, which launched its airdrop in May, has a market cap of over $2.3 billion. 

Memeinator’s developers aim to make it better than other meme coins by incorporating utility in the network. As mentioned, this utility will be in the form of staking, games, and non-fungible tokens (NFT).

The next catalysts for the MMTR token will be the product launches, exchange listings, Ethereum ETF listings, and the actions by the Federal Reserve. Odds that the Fed will slash interest rates soon will likely start cutting interest rates could fuel a surge in meme coins and other risky assets. Learn more about Memeinator here.

The post Memeinator (MMTR) token prepares for big moves in June appeared first on Invezz