As the October rally nears, there is a growing interest in meme tokens. Arthur Hayes, BitMEX’s co-founder, has shown his faith in themed cryptos by buying MOG MOTHER and PEPE before “a memecoin breakthrough.”
Elon Musk, CEO of SpaceX and Tesla, continued to stir up discussions about Dogecoin through his latest political-themed X posts. These events were a great way to showcase meme assets, and Memeinator(MMTR) was ready for a quick takeoff.
Bulls are preparing for a “Uptober-like” performance.
Arthur Hayes is a big fan of memes
Last week, the American entrepreneur bought meme tokens. He disclosed his holdings in Iggy’s MOG and Ether-based Pepe. He holds more than 24 billion Pepecoin.
The BitMEX founder has also invested in Solana memes such as Smoking Chicken Fish and Ponke. Hayes’s shift to the meme tokens was a result of his significant reduction in PENDE positions, which demonstrates his belief in themed assets for the upcoming session.
Elon Musk is still the “Dogefarther”.
Musk’s support of the Dogecoin token with its dog theme has made him a prominent figure in the crypto world over the last few years. The community is waiting for Tesla to implement DOGE as a payment method for goods, but the billionaire has once again shown his support for DOGE in his latest X-post.
In the recent teaser, Dogecoin jumped from $0.1228 up to $0.1314 in two hours. This is a 7 percent increase. Elon Musk owns Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies. Musk’s backing contributed to DOGE making a massive jump in 2021.
In a podcast called Full Send, SpaceX’s chief executive expressed his enthusiasm for Dogecoin. He discussed a variety of topics including the possibility of a UFC match with President Putin and knowledge regarding extraterrestrials life.
Musk responded, “I support DOGE primarily.”
The future of memecoin is brightened by Arthur Hayes’ attention to meme assets, and Musk’s support for DOGE.
This category led bull runs in previous years, and it could also be true for the October rally.
MMTR is ready to handle “Uptober’ surges
Memeinator was the star of the day as the price movement for meme tokens were mixed. Dogecoin, PEPE and FLOKI gained 2,6% and 0,1% respectively in the past 24 hours. Shiba Inu fell 4.1% while FLOKI and Shiba Inu dropped 1.0%.
MMTR, meanwhile, led the pack after a 6.2% increase on its daily chart. It was trading at $0.001841 as of press time. Memeinator’s market position is unique and its use cases are prioritized, which puts it ahead of the competition.
Memeinator was one of the top projects in 2024, thanks to its $7.7-million presale. Investors were attracted by its AI abilities, marketing and utility focus.
Memeinator continues to grow, adding exclusive NFTs and stake options as well as the Meme Warfare video game.
The Memeinator Team’s strategy positions MMTR to be a leading meme token. Many meme currencies lack use cases, and instead rely on hype. Thanks to the improved market sentiment, the massive investments in memes and the robust development of the ecosystem, the alt could reach its price target by 100x within “Uptober.”
More information about Memeinator can be found here.
As new information becomes available, this post Memeinator price forecast (MMTR), as memecoins get more love from Arthur Hayes & Elon Musk could be updated.
