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The broader crypto market is seeing a slowdown in prices as geopolitical risks mount on fresh Middle East conflict between Israel and Hamas. This comes as stocks slump amid Israel’s move to declare war on Hamas, with the threat of the turmoil spilling over to other groups seeing experts warn financial markets could be in for new downside pressure.

But while Bitcoin (BTC) and Ethereum (ETH) decline to below $27,300 and $1,580 respectively, the presale force of new crypto token Memeinator (MMTR) continues.

Here’s what else makes this the crypto token to watch even as investors weigh the unfolding state of affairs in the Middle East.

The Memeinator returns to a world destroyed by weak meme coins, bringing judgement to these tokens as it cleanses the ecosystem for a new era driven by the latest in artificial intelligence.

That’s the Memeinator’s goal – a new project whose native token MMTR is a meme coin designed to follow a deflationary mechanism. It’s inspired by the 1990s classic Terminator 2: Judgement Day movie, an outlook it plans to unleash to all weak memesphere projects as it eyes a $1 billion market cap upon its debut in the market.

According to its whitepaper, the Memeinator wants to bring utility to the meme coin community that’s largely disenchanted by the current projects.

Unlike existing dog, frog or other meme-inspired crypto token, the Memeinator will not rely on hype to drive traction. It comes armed and ready to fight its way to the top via token utility not offered by existing memes. That will include staking, NFTs and an AI-powered Meme Warfare game. It’s an exciting package that has the investor community salivating over potential future outlook, including on MMTR price.

After storming past the $500k mark soon after launch, the project has attracted more than $675k from global investors. The strength of this presale suggests confidence in the project, factor upon which bulls could ride if there’s a flip in market sentiment.

As noted above, Bitcoin has declined below $27,300 and Ethereum under $1,580 as the cryptocurrency market mirrors the broader financial markets in reaction to the Israel-Hamas war. Among meme coins, Dogecoin has shed nearly 4% this past week to trade below $0.060.

Meanwhile, the Memeinator presale continued to soar with stage 3 almost sold out as of Wednesday, October 11. Indeed, as per an update from the project, only 20k MMTR – the native token – remained before the price jumped by more than 5% from $0.0112 in the current stage to $0.0118 in stage 4.

The price will rise for the remainder of the presale phase to hit $0.049. Interested crypto enthusiasts can tap into the relatively low entry levels presented by the token sale to position themselves for a potential spike when the MMTR lands on top DEX and CEX trading platforms.

Learn more about this project here.

The post Memeinator (MMTR) soars even as Israel-Hamas war impacts markets appeared first on Invezz.

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