TerraClassicUSD (USTC) is a crypto token on the rise. It has seen an impressive price surge of 290% in the past week, and the market expects further growth. Meanwhile, a new AI meme token – Memeinator (MMTR) – launched its presale with over $1.6 million raised, and it could be the next big token in the meme crypto market.
So, could the Memeinator beat USTC to the $1 mark? To understand the potential of both tokens, let’s take a look at each of them.
What is TerraClassicUSD and why is its price rising?
TerraClassicUSD is a token that has seen positive market catalysts in recent times. Its rise is attributed to developments in the Terra ecosystem, such as the listing of LUNC Binance futures and the addition of trading pairs against the Turkish Lira (TRY) and First Digital USD (FDUSD) stablecoin.
Moreover, LUNC burning is likely to have a positive effect on USTC price, and analysts see a break above $0.1 as the key to propel USTC towards $1. This is the level the original UST token fell from when it massively depegged in May 2022.
What is the Memeinator?
The meme coin market is growing rapidly, driven by meteoric gains from tokens like Pepe, Bonk and Memecoin. But many of the tokens currently in the market are scams or poor-quality copycats.
Memeinator looks to change this with its real utility and gamified features. The token has a $250k Virgin Galactic giveaway, and its Memescanner and Meme Warfare game will help identify and destroy low-quality memecoin variants. The target is to reach a market cap value of $1 billion before going after the big dogs and frogs.
Could the Memeinator reach $1 ahead of the USTC?
The meme market in crypto is now worth over $20 billion, and serious projects are popping up to replace the bogus ones. With an expected presale price of $0.049, the MMTR token could offer potential gains of 250% – although the crypto market is unpredictable and other token specific catalysts could affect its performance.
Ultimately, whether the Memeinator beats USTC to the $1 level is yet to be seen. But it could be a good long-term bet.