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The latest developments show increased attention on meme tokens as the much-awaited October rally approaches. BitMEX co-founder Arthur Hayes has demonstrated his trust in themed cryptos, buying MOG, MOTHER, and PEPE ahead of “a memecoin breakout.”

Moreover, SpaceX and Tesla CEO Elon Musk continued to trigger conversations around Dogecoin with his recent political-centered X post. Such events boasted meme assets appeal, and Memeinator (MMTR) seemed ready for an early take-off.

The low-cap dog-themed crypto jumped 6.2% the previous day, and bulls appear prepared for “Uptober” outperformance.

The American entrepreneur went on a meme token shopping last week. He revealed his allocations on Iggy’s MOTHER, MOG, and Ether-based PEPE. Further details show he holds over 24 billion Pepecoin.

Also, the BitMEX co-founder has invested in Solana memes such as Ponke (PONKE) and Smoking Chicken Fish (SCF). Moreover, his shifted focus to meme tokens came after Hayes significantly trimmed his positions on PENDE, underscoring his confidence in themed assets in the upcoming sessions.

Musk has been prominent in crypto over the past years due to his support for the original dog-themed token, Dogecoin. While the community awaits Tesla to integrate DOGE for merchandise payments, the billionaire once again demonstrated his love for the altcoin in the latest X post.

The recent teaser saw Dogecoin jumping from $0.1228 to $0.1314 within two hours – a 7% uptick. Elon Musk also owns Bitcoin (BTC) and Ethereum (ETH). Musk’s support contributed to the massive DOGE jump to ATHs in 2021.

Moreover, the SpaceX chief showcased his optimism about Dogecoin in a Full Send podcast. He commented on various topics, including a possible UFC fight with President Putin, knowledge about extraterrestrial life, and WWII.

When questioned about digital tokens, Musk stated, “I’m mainly supporting DOGE.”

Arthur Hayes’ attention to meme assets and Musk’s continued support for DOGE painted an optimistic outlook for memecoin’s future.

The category has led previous bull runs, which could be the case in the potential October rally.

Memeinator stole the show as meme tokens displayed mixed price movements in the past day. Dogecoin and PEPE gained 2.6% and 0.1%, while Shiba Inu and FLOKI plunged 4.1% and 1.0% within the last 24 hours.

Meanwhile, MMTR led the pack with a 6.2% uptick on its daily chart to trade at $0.001841 at press time. Its unique market position and prioritizing use cases set Memeinator ahead of its competitors in the marketplace.

Memeinator attracted the attention of crypto investors with its massive $7.7 million presale, making it among the most-watched projects of 2024. Its AI capabilities, marketing efforts, and focus on utility drew investors looking for something beyond the many sub-par and unoriginal options.

The Memeinator project continues to expand, with exclusive NFTs, staking options, the Meme Warfare game, and multiple community-centered enterprises on the horizon.

With many meme cryptocurrencies lacking use cases and relying on hype, the Memeinator team’s strategic approach positions MMTR as a top meme token. The improved broad market sentiments, massive bets on memes, and the project’s robust ecosystem developments might see the alt attaining its 100x price goal in “Uptober.”

You can find more Memeinator information here.

The post Memeinator (MMTR) price forecast as memecoins receive more love from Arthur Hayes & Elon Musk appeared first on Invezz

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