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S&P 500 has already rallied more than 10% on the back of artificial intelligence this year but Gunjan Banerji of the Wall Street Journal expects it to be a continued tailwind moving forward.

Banerji agreed that “AI trade has been taking over the market” as reflected in both stocks and options market. On CNBC’s “Worldwide Exchange”, she added:

It’s really tough to say when is this going to top out. I think that’s what’s driving a lot of this chasing and this FOMO in the AI trade.

Her view is based also on Micron that cited AI demand as it reported a surprise quarterly profit last night.

All in all, Banerji’s outlook suggests artificial intelligence will remain a positive catalyst and not just for the stock market but also for the crypto market including Memeinator. Let’s explore more about this blockchain-based project.

As mentioned above, Memeinator is a blockchain based platform but one that also gives you exposure to artificial intelligence that Statista forecasts will grow exponentially in coming years.

What it does is tap on AI to hunt the weaker coins in a bid to clear the internet of them and dominate the space with its native meme coin called $MMTR.

Note that the meme coins market has ballooned from nothing to over $20 billion in a couple of years. That rapid growth is another meaningful benefit for Memeinator.

Interested in knowing more about Memeinator and its native MMTR coin? Click here to visit the website now.

$MMTR may particularly be a great investment at writing because it’s yet to go live on a crypto exchange. Listing typically helps boost price of a crypto coin.

Memeinator is now in the final stage of presale and has already raised over $7.5 million that indicates strong demand – all the more reason to believe it’s price will appreciate upon listing.

Note that $MMTR is currently priced at $0.0292 only which means you don’t need a huge capital to secure a sizable position in Memeinator if you choose to invest in it today.

It is also worth mentioning here that continued strength in Bitcoin may also help Memeinator offer upsized returns in the coming months. You can visit its website on this link to explore ways to invest in $MMTR.

As stated above, Bitcoin tailwinds may be a material benefit for Memeinator. These include, first of all, the continued flow of institutional money into the crypto market now that the SEC has approved Spot Bitcoin ETFs.

Secondly, the total supply of Bitcoin is expected to halve next month or in early May (halving event). Historically, that has delivered a significant boost to BTC that tends to reflect in other cryptocurrencies as well.

Lastly, the U.S. Federal Reserve left its benchmark overnight borrowing rate unchanged this week but members of the FOMC did signal three rate cuts in 2024. Lower rates also increase the risk appetite of investors that tends to work in favour of crypto tokens like Memeinator as well.

Click here to visit the website and discover more about the $MMTR.

The post Memeinator in focus as AI-enabled project enters final stage of presale appeared first on Invezz

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