Avalanche and Cardano have gained double-digits in the last week as network activity surges. These gains highlight a potential recovery in altcoins following recent bullish runs in Bitcoin, which indicates an increased appetite for risky assets. Memeinator has also seen demand, with investors acquiring over $1.93 million worth of tokens in presale.
The rise in Avalanche and Cardano could benefit Memeinator. Henrik Andersson, chief investment officer at Apollo Crypto, is optimistic of Avalanche, noting that the wider market has undervalued it for a while. Avalanche’s network activity has seen a major improvement, with its total value locked (TVL) increasing from $490M in the past three months to $841M. The total trading volume has also increased by more than 2,400% in the same period.
Similarly, Cardano’s TVL has increased from $381.15 million, up 37% in a week. Such inflows are price triggers as they signal investor interest, boosting the native tokens.
Understanding Memeinator
Memeinator is a futuristic, AI-led project that claims to have travelled back from 2077. Its mission is to capture and destroy weak meme cryptocurrencies. The goal is informed by the rapid growth in subpar meme tokens that do not give investors value. As such, Memeinator will deploy AI to scan for targets and destroy them from existence. It will also invest in robust marketing and branding to maintain relevance, including listing on the best exchanges and partnering with influencers to market the project. The project’s target is to reach a $1 billion market cap and become the most traded meme token.
Is Memeinator a Good Investment?
When it comes to meme investments, very few projects make a cut. Memeinator stands out as it has a roadmap backed by use cases in gaming, NFT, and staking. It also has a team driving the project’s vision, and a community of investors who joined from the time the webpage went live. Furthermore, the unique value proposition of meme targeting could attract interest and help with price discovery of Memeinator. It could see up to 50x gains, following the trends set by its meme peers.
