Memeinator is approaching $4 million in its token sale.
There is demand for new meme coins as evidenced by Wen’s performance.
Sui and Monero have been in a strong uptrend lately.
Cryptocurrency prices remained in a tight range on Monday as investors waited for the next catalyst. Bitcoin remained at $42,000 while the total market cap of all digital coins remained at $1.63 trillion. Other coins like Ethereum, XRP, and Solana also remained in a consolidation phase. This article looks at key cryptocurrencies like Sui, Memeinator (MMTR), and Monero.
Memeinator token forecast
Memeinator is an upcoming cryptocurrency that aims to replicate the success of meme coins like Bonk and Pepe. It aims to do that by creating a meme coin that has a wide community and utility in itself. Some of this utility will come from its Artificial Intelligence (AI) features and gaming. The developers have partnered with Red Apple Tech to build its immersive game.
The developers have also launched a major competition that will see a lucky winner go to space using Virgin Galactic’s shuttle. A single trip to space will cost at least $250,00 and over 400k people have already signed for the promotion.
There are other signs that the network is gaining traction. For example, data in its website shows that it has raised over $3.9 million from investors. It is nearing its target of raising $4.02 million, making it one of the most successful token sales in the market. You can buy the MMTR token here.
Another sign of its success is that the number of social media followers have jumped recently. There are now over 108.6k Twitter followers in the network and the number is growing.
Meanwhile, there is a sign that investors are open to new meme coins. For example, Wen, a new Solana token has gone parabolic as demand rises. Its market cap has surged to more than $126 million.
Monero price forecast
Monero’s XMR token price has surged hard in the past few days. It has risen from the YTD low of $142.62 to a high of $164. The coin has jumped above the 50-day and 100-day moving averages even after several exchanges delisted it because of its privacy features.
Notably, XMR price has risen in the past six straight days while the Relative Strength Index (RSI) has risen above the neutral point to 60. Therefore, the outlook for the coin is still bullish as investors target the year-to-date high of $180.54, which is about 10% above the current level.
Sui price forecast
Sui token has bounced back in the past few weeks, making it one of the best performers in the market. Turning to the daily chart, we see that the coin has crossed the important resistance point at $1.4440, its highest point on January 14th. It has flipped this price into a support level.
Sui has remained above the 50-day and 100-day Exponential Moving Averages and invalidated the double-top pattern that has been forming. Therefore, the outlook for the coin is bullish, with the next point to watch being at $1.80. The stop-loss of this trade is at $1.30.