The new crypto bull run is here. Bitcoin price has skyrocketed from last year’s low of $14,900 and is now comfortably above $35,000. Ethereum is nearing $2,000 while the total market cap of all digital currencies has surged to over $1.3 trillion.
There are two primary drivers for the ongoing crypto bull run. First, the Federal Reserve has left interest rates unchanged for two meetings straight and hinted that it may be done hiking. Other central banks like the European Central Bank (ECB) and Bank of England (BoE) have done the same.
Second, there are increasing hopes that the Securities and Exchange Commission (SEC) will approve the Bitcoin ETF. Some of the top companies that have applied for these ETFs are Blackrock (biggest asset manager in the world), Invesco, Franklin Templeton, and Ark Invest.
Memecoins are doing well
The new Bitcoin bull run has attracted many investors to meme coins. Pepe coin, the popular token launched a few months ago, jumped to a high of $0.00000135 this week, the highest point since August 15th. At its peak, the token was up by more than 126% from the lowest point this year. Its market cap has jumped to over $450 million, making many of its holders millionaires.
Another new meme coin is known as Memecoin (MEME). It was launched this week and quickly became one of the fastest-growing tokens. It has surged, giving it a market cap of more than $219 million. It has a fully diluted market cap of over $1.72 billion.
Memecoin is a honest cryptocurrency. Unlike others that masquerade to do things, its website makes it simple. The meme coin has no utility, no roadmap, no promises, and no expectation of financial gains.
Memeinator could be the next big thing
The success of Memecoin and Pepe means that other tokens could thrive and mint crypto millionaires. One of the top meme coins that has a real chance of becoming popular is Memeinator.
For one, the token has already been successful. In less than a month, the token’s developers has raised over $1.1 million and is about to hit its target 5 target of $1.2 million.
Unlike Memecoin (MEME), Memeinator has two important catalysts. First, it aims to have a real utility in the marketplace. In the future, it aims to be a leading player in the gaming industry, which is expected to do well.
Second, it has incorporated the concept of artificial intelligence in its ecosystem. AI is one of the fastest-growing industries in the world. For example, we have seen the strong performance of companies like Palantir, Nvidia, and AMD.
Therefore, there is a likelihood that the MMTR token will do well when it get listed in key exchanges like Uniswap and Binance. You can buy the Memeinator token here.