Binance will add trading support for Memecoin (MEME) on November 3, 2023 at 08:00 UTC. This news has sparked interest in meme tokens, with traders keen to position themselves amid growing bullishness in the market.
What makes MEME and Memeinator (MMTR) unique, and what is the potential for these tokens?
Memecoin ($MEME) is the native token of Memeland, a Web3 venture studio and crypto ecosystem developed by the popular meme-sharing platform 9GAG. It is ERC-20 token standard compatible and seeks to blend NFTs, gaming, and the metaverse.
Memeinator (MMTR) is an AI-powered meme coin project that is currently in presale and has raised more than $1.1 million so far. It integrates a gaming platform, NFTs and offers staking to holders of its MMTR token.
The listing of MEME on Binance has the potential to catapult its price higher. It was priced at $0.001 during the recent firesale and could reach $0.1 if it gains traction by leveraging the community around Memeland and 9GAG.
Memeinator’s short term goal is to reach a market cap of $1 billion. The presale price is currently at $0.0125 and is set to continue to rise through the 29 stages, finally reaching $0.049. A bull market performance could have MMTR trading significantly higher than $0.1.
The cryptocurrency market, including meme tokens, is still largely volatile. However, the listing of MEME on Binance could catalyse its price to gains that mirror previous tokens such as Pepe. It could also mean gains for presale projects such as Memeinator.