Shiba Inu (SHIB) has been performing relatively well over the last seven days, adding 5% to its value. Despite this, the cryptocurrency has been underperforming over the last few hours as the market undergoes a retracement. This hasn’t stopped the Memeinator presale from closing in on the $1.5 million milestone.
At press time, the SHIB price stands at $0.00000874 and is still above the $0.000008 level, despite giving up some of its earlier gains. This coincides with a retracement in the broader market, where Bitcoin (BTC) has lost more than 3% of its value over the last few hours and is currently trading at $36,448 per coin.
Memeinator is a Web3 project taking advantage of the meme coin wave and providing numerous utilities to users. It seeks to eliminate worthless memes and improve content creation for users, as well as become one of the top meme coins in the cryptocurrency space.
The team intends to leverage AI technology to identify and replace low-quality memes. The presale is currently in its sixth stage and has raised more than $1.4 million. The MMTR price began the presale at $0.01 per token and will rise to $0.0485 by the end of the presale, offering early investors a 132% ROI at listing.
Memeinator continues to attract more investors due to its excellent use cases for content creators, its appeal to a wide range of audiences, and its deflationary mechanisms and rewards for holders. With a market cap target of $1 billion, early investors could potentially record massive gains in the medium term.
To learn more about the Memeinator presale, click here.