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Bitcoin is already trading at $48,000+ at writing but a 10x Research analyst is convinced it has way more upside to unlock before the end of this year.

Markus Thielen expects the world’s largest cryptocurrency by market cap to hit $70,000 – a new all-time high in 2024.

He drives the optimism partially from institutional investors engaging with the recently launched Spot Bitcoin ETFs. The U.S. presidential elections scheduled for November will likely be a meaningful catalyst for Bitcoin as well, he added in a research note last week.

It is worth mentioning here that the 10x Research analyst accurately predicted that BTC will hit $45,000 in 2023.

If Thielen turns out to be just as accurate this year as well and Bitcoin does indeed rally close to 50% from here over the next ten months – the rest of the crypto market may also push to the upside as it usually does when BTC rallies.

And the related benefit may reflect in the up-and-coming projects like Memeinator as well.

The name Memeinator would perhaps remind you of Arnold Schwarzenegger starrer blockbuster – Terminator. If not, the logo certainly would because that’s essentially what Memeinator is; the Terminator of the meme coins space.

With the help of artificial intelligence, Memeinator scans the internet for weaker coins. It sees them as a potential threat for the meme coin market and so, its mission is to eliminate them and dominate the space completely.

While Memeinator removes the weaker meme coins out of existence, it does offer one of its own called the “MMTR” to the investment community. If you put it all together, you can think of its native token as means to play the crypto space as well as the AI space.

Click here to find out more about Memeinator and the MMTR token.

MMTR may be a good investment for a multitude of reasons. First of all, the meme coin is currently priced at $0.022 only so you won’t have to put a lot of capital on the line to gain a reasonable exposure to it.

Secondly, Memeinator took a few months only to raise well over $4.5 million in its ongoing pre-sale. What that signals is strong demand which typically translates to long-term health of any given investment.

Finally, the native meme coin is yet to find a home on a prominent crypto exchange. Historically, getting listed improves access and eventually leads to price appreciation. If the same happens for Memeinator, taking an early position while it’s in pre-sale may benefit greatly in the coming months.

Interested in finding out more about Memeinator and its namesake native token the MMTR? Click here to visit the project website now.

As mentioned earlier, the strength in BTC price tends to benefit the entire crypto market. And with the Bitcoin halving right around the corners, many are projecting a continued rally in the world’s largest cryptocurrency ahead. According to crypto analyst Scott Melker, for example:

[In the last halving] you go from $20,000 all the way up to $69,000. If we take that next 250% from $69,000 high into the next cycle, we’re looking at Bitcoin around $240,000.

Not to mention that the cryptocurrency is expected to materially benefit once the U.S. Federal Reserve signals beyond doubt that it’s now ready to cut interest rates. That’s primarily because Bitcoin is a risk-on asset.

That’s perhaps part of the reason why pseudonymous crypto analyst Pentoshi recently said on “X” that the BTC chart looks “beautiful” and that the Bitcoin price could hit $180,000 by the end of next year.

Such a rally in Bitcoin may be a catalyst for other blockchain based platforms like Memeinator that you can explore further on its website here.

The post Bitcoin halving is right around the corner: what it may mean for Memeinator appeared first on Invezz

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