2023-12-21 17:57 |
Bitcoin has already rallied a whopping 170% this year but the co-founder of Nexo is convinced it’s just a drop in the bucket compared to where the cryptocurrency is headed in 2024.
Bitcoin could more than double from hereAntoni Trenchev told CNBC in a recent interview that Bitcoin will hit $100,000 in the coming year which suggests the world’s largest cryptocurrency will essentially more than double in 2024.
His super bullish view on BTC is primarily based on the prospect of the first U.S. Spot Bitcoin ETF that looks closer than ever before now that BlackRock has revised its proposal as well.
Trenchev expects the exchange-traded fund to materially boost institutional interest in the cryptocurrency – which will likely result in a sharp increase in its price.
Provided that his forecast does indeed come to fruition, it is conceivable that Bitcoin won’t be the only rallying in 2024 since it tends to drag the entire market with it in the same direction. The related benefit, therefore, may also help recently launched blockchain-based projects like Memeinator.
Memeinator is a way to invest in AIAs the name suggests, Memeinator is a meme coin at its core.
But that shouldn’t really be a turn off for serious investors since it’s a blockchain-based project that does also offer you exposure to artificial intelligence.
According to Statista, the rapid growth in AI seen over the past twelve months is here to stay and artificial intelligence as a market will be worth ten times more in 2030 than it is in 2023. And investing in “MMTR” is basically a way to tap on that growth.
Not that meme coin market in itself is not one defined by rapid growth in the first place. Did you know that the said market was worth $20 billion in 2022 and all of it was conjured over the course of two to three years only.
You can find out more about Memeinator on its website here.
MMTR wants to fix meme coins spaceInterestingly, MMTR actually acknowledges that meme coins barely see participation from serious investors as it’s a market filled with scams and frauds.
That’s essentially what Memeinator has set out to fix.
A white paper on its website reveals that Memeinator wants to dominate the meme coins space. For that, it turns to artificial intelligence to look all over the internet for weaker coins to eliminate.
Memeinator has raised over $2.2 million in the ongoing pre-sale which suggests its mission is resonating well with the investment community. It’s currently going for $0.0157 only but is perhaps not going to wait for you there forever.
For instance, after the pre-sale, MMTR will find a home on one of the notable crypto exchanges. Typically, listing on one boosts interest and translates to price appreciation. So, you may want to hop in before that valuation jump comes along.
Interested in finding out how you can put your money to use in MMTR? Visit the website by clicking here.
Rate cuts could benefit Memeinator (MMTR)As mentioned earlier, Memeinator will likely benefit if the crypto market at large blossomed in 2024.
Other than a Spot Bitcoin ETF, the U.S. central bank may also be a catalyst for that potential strength if switches to leniency in terms of its monetary policy.
It is worth mentioning here that “dot plot” of the Federal Open Market Committee recently signalled three rate cuts in the coming year – which may be a meaningful benefit for the crypto market and by extension for MMTR.
Another significant tailwind for Bitcoin that is only months away now is the halving event that has historically translated to a meaningful increase in its price.
And considering that Memeinator is basically a cryptocurrency, many believe these contributors to help improve its returns in the coming year as well.
You can invest in Memeinator (MMTR) in a few simple steps as described on the website here.
The post Memeinator in focus as Pro says Bitcoin will hit $100K in 2024 appeared first on Invezz
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