Here we have a new crypto bull run. From a low of $14,900 last year, the price of bitcoin has soared to well over $35,000. The market capitalization of all digital currencies has increased to almost $1.3 trillion, with Ethereum approaching $2,000 in value.
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The current cryptocurrency bull run has two main drivers. First off, the Federal Reserve has indicated that it might be done rising interest rates after leaving them unaltered for the past two sessions. The Bank of England (BoE) and the European Central Bank (ECB) are two other central banks that have followed suit.
Second, there’s growing optimism that the Bitcoin ETF will be approved by the Securities and Exchange Commission (SEC). Leading firms that have applied for these ETFs include Ark Invest, Franklin Templeton, Invesco, Blackrock (the largest asset manager globally), and Invesco.
The state of memecoins is good
Meme currencies have drawn a lot of investors in light of the recent surge in Bitcoin prices. The well-liked token Pepe coin, which was introduced a few months ago, surged to a peak of $0.00000135 this week—the most since August 15th. At its highest point this year, the token has increased by over 126% from its lowest position. With its market value rising to almost $450 million, several of its holders have become millionaires.
Memecoin (MEME) is a brand-new meme currency. Since its inception this week, it has grown to be among the tokens with the quickest rate of growth. Thanks to its recent climb, its market capitalization now exceeds $219 million. Its market value, when completely diluted, is more than $1.72 billion.
Memecoin is a trustworthy digital currency. Its website makes things easy, unlike others who pose as others to accomplish things. The meme coin is worthless; it has no purpose, no path, no guarantees, and no financial gain expectation.
Memeinator might be the upcoming phenomenon
Given Memecoin and Pepe’s popularity, additional tokens have a chance to flourish and produce cryptocurrency billionaires. Memeinator is one of the best meme coins with a genuine chance of taking off.
The token has already proven successful, to start. The token’s creators have raised almost $1.1 million in less than a month, and they are on the verge of reaching their goal of $1.2 million.
Memeinator, in contrast to Memecoin (MEME), has two significant triggers. Its primary goal is to be genuinely useful in the market. It hopes to be a major force in the gaming market in the future, which should do well.
Second, its ecosystem now includes the idea of artificial intelligence. AI is one of the global industries with the quickest rate of growth. As an illustration, consider the impressive results of businesses like Palantir, Nvidia, and AMD.
As a result, it is likely that the MMTR coin will do well if it is listed on important exchanges like Binance and Uniswap.
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