Memeinator vs Dogwifhat: which meme coin is a better pick for June 2024?

A recent report by the Industrial and Commercial Bank of China (ICBC) likens Ethereum to “digital oil”. ETH is trading comfortably above the $3,500 level on Wednesday. 

What ICBC report suggests about cryptocurrencies

The world’s largest bank also talked of the potential of Bitcoin and its role in the rapidly evolving digital economy in the said report. 

Backing from an influential institute like the ICBC may signal potential for further gains in Bitcoin and Ethereum in the coming months. 

That strength may also reflect in a bunch of meme coins like Dogwifhat and Memeinator as crypto leaders tend to drag other cryptocurrencies with them – and the aforementioned two, meme or not, are cryptocurrencies at their core. 

Let’s dive deeper and see what Dogwifhat and Memeinator have to offer. 

Could Dogwifhat be the next Shiba Inu?

Many expect Dogwifhat to be the next Shiba Inu or Dogecoin and deliver up to 10x gains moving forward. 

The meme coin market evolved out of nothing to command a valuation of over $20 billion by the end of 2022 – and the expected continued growth in this space is projected to benefit Dogwifhat moving forward. 

Stochastic and relative strength indicators peg sentiment as more balanced in Dogwifhat with recent gains signalling potential for recovery. It is currently trading slightly below resistance and a breakout will clear path for further gains in the coming months. 

Dogwifhat has features of a high-quality meme coin but a market cap at $2.6 billion already may warrant some caution as well. 

Is Memeinator a better investment than Dogwifhat?

Memeinator, in comparison, may be a better pick if you’re interested in investing in a meme coin considering it has a lot going on in June. 

Its native MMTR token has recently gone live on both MEXC and Uniswap with developers committed to listing on other exchanges as well. With great accessibility typically comes a higher price. 

Memeinator is also expected to launch a game this month and remains committed to penetrating the NFT space as well to reiterate MMTR as a meme coin with utility. 

More importantly, Memeinator has recently introduced a new staking pool that’s significantly more lucrative than even the highest-risk junk bonds. Its staking pool 2 yields a whopping 60% annually versus under 10% for the latter. 

Interested in finding out more about Memeinator and its native MMTR coin? Click here to visit its website now. 

MMTR coin offers exposure to AI

Memeinator has recently ended its presale raising close to $7.0 million in total which suggests strong demand for the meme coin. 

That may be because it’s a means of gaining exposure to the rapidly growing artificial intelligence market as well. Memeinator taps on AI to find weaker coins on the internet to destroy in pursuit of dominating the meme coins space.

Other macro tailwinds that could help MMTR appreciate in price moving forward include potential for interest rate cuts at some point this year. Once rates start to move down, the risk-on assets like cryptocurrencies will turn more attractive and they include the native Memeinator token. 

If you want to explore ways to invest in Memeinator (MMTR) today, visit the website on this link.

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