Dogecoin gets Coinbase boost as meme craze shifts to Memeinator

• Dogecoin (DOGE) soars again amid reports Coinbase plans to list DOGE futures.
• As investors seize on opportunities in the market, attention is firmly on Memeinator (MMTR).
• Memeinator has raised more than $7.5 million, with just a few tokens remaining in final presale stage.

Memeinator, is in its final presale stage, with tokens worth less than $215k to go. Interest in the new meme coin is skyrocketing in these final hours. Meanwhile, Dogecoin, the original meme crypto, could be on the cusp of fresh traction with Coinbase listing of DOGE futures.

Read on to find out why investors are excited about Memeinator.

Coinbase plans Dogecoin futures

The price of Dogecoin rose as altcoins bounced alongside Bitcoin following Wednesday’s FOMC meeting. DOGE price broke above $0.15, spiking more than 18% in 24 hours. 

The gains came as crypto and stocks flipped green following Fed’s signal that lower rates are on the cards. However, Dogecoin also received another boost in news related to leading US-based crypto exchange Coinbase.

According to documents the exchange sent to the US Commodity Futures Trading Commission (CFTC) earlier this month, Dogecoin has shown “enduring popularity” and has transcended the meme tag. This outlook has Coinbase eyeing DOGE futures products.

Specifically, Coinbase Derivatives has plans to unveil cash-settled futures products in three cryptocurrencies – Litecoin, Bitcoin Cash and Dogecoin. The listings could come as soon as April 1, 2024.

Memeinator (MMTR): Investors eye future of meme coins

Memeinator is a meme coin project. However, it is not the typical copycat kind of meme coin.

This is a project that has designs on dominance of the space via real world value for its community. The revolution begins with the annihilation of all weak meme tokens – which currently number in their hundreds.

Memeinator knows these tokens are of poor quality and offer no utility.

To save the crypto world from the bleak future they portend, the Memeinator taps into artificial intelligence to power the Meme Warfare game. AI feeds all subpar meme coins into this game and the community gets a play-to-earn ecosystem that rewards them for destroying worthless meme tokens.

Excitement for this project, which has already unveiled a staking pool and carried out a token burn, has spiked in recent weeks. The partnership with game studio Red Apple Technologies earlier this year ticked a major milestone box for Memeinator.

Apart from the game, the community will also get exclusive access to an NFT collection. A roadmap highlighting when the game and NFTs launch is available on the official Memeinator website.

Memeinator: Market debut next

The Memeinator will have a total supply of 1 billion MMTR and 62.5% of this was available in a presale that started in Q4, 2023. 

Early adopters have allocated more than $7.5 million so far, with less than $215k worth of MMTR remaining before the final stage 20 ends.

With the close just hours away, the scramble to get into position is at a new peak. Buyers are keen to lock in potential 100x gains with the presale price of $0.0292.

Memeinator’s upcoming launch in the market coincides with a bullish crypto market as Bitcoin reclaims $68k and is likely to target a new all-time high in a post-halving rally. The positive sentiment across the market, including for top meme coins like Dogecoin is also likely to propel MMTR higher.

Find more about Memeinator here.

The post Dogecoin gets Coinbase boost as meme craze shifts to Memeinator appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison https://ift.tt/pHujeTh