Livepeer (LPT) rockets as Memeinator (MMTR) aims for meme coin dominance

Livepeer (LPT) cryptocurrency has witnessed a remarkable surge, while the Memeinator project, featuring the MMTR token, is making waves with its ambitious roadmap and presale strategy.

Let’s delve into these two AI-backed cryptocurrency projects making headlines as the crypto market witnesses a renewed push following Bitcoin’s recent surge above $51,000 and Ethereum’s push above $2,700.

Livepeer (LPT) soars 83.59% in 7 days

Livepeer (LPT) has caught the attention of crypto enthusiasts with an impressive 83.59% surge in just seven days. The LPT token, currently priced at $13.68, has seen significant market activity, with a trading volume soaring by 325.84% to $567,674,493 in the past 24 hours, securing its position as the 11th most traded cryptocurrency.

This surge follows the unveiling of OpenAI’s Sora, a text-to-video AI model, showcasing the impact of innovative technology on the crypto market.

Livepeer, an open live video streaming protocol, recognizing the launch of Sora said that the initiative aligned with its goal of making video creation affordable for developers and creators. The Livepeer team has expressed intentions to integrate Sora’s capabilities on the decentralized video platform in the coming months.

Today @OpenAI revealed their research progress on the Sora generative video AI model, with some impressive demonstrations.

This helps show the world how powerful generative video can be, and progress on open models is moving faster than ever. But generating these videos requires… https://t.co/srd1TkV3bY

— Livepeer (@Livepeer) February 15, 2024

In addition to the Sora news, Sanko TV has also announced its decision to leverage Livepeer’s open video infrastructure further fuelling the LPT price surge.

Community at its core, Sanko TV decided to leverage Livepeer’s open video infrastructure.

This decision was based on the shared vision between Sanko TV and Livepeer, recognizing the significance of decentralized video in supporting a thriving creator economy.

👇

— Livepeer (@Livepeer) February 16, 2024

Memeinator (MMTR): a meme coin with genuine utility

Shifting gears to the Memeinator project, MMTR is positioning itself as the ultimate meme coin, backed by cutting-edge tech, AI insights, and a disdain for subpar memes. The MMTR token is set to fuel Memeinator’s ascent, dominating the meme trading space and providing genuine utility through innovative products like the Memescanner and the Memeinator Game.

The Memeinator roadmap outlines a strategic plan divided into four phases, emphasizing meticulous coordination and execution. In Phase 1, the team focuses on team formation, blockchain development, community building, and powerful marketing. Phase 2 marks the launch of MMTR on the market, listing on major exchanges, partnerships with influencers, staking initiatives, and the introduction of exclusive NFTs.

Currently in the second phase, Memeinator has attracted a significant number of investors having raised $4,849,541 in its fiftieth presale stage. The presale allocation includes 62.5% for initial sale, 15% for marketing and CEX listings, 10% for development, 5% for exchange liquidity provision, and 7.5% for the competition pool.

Investors who participate in the presale have the opportunity to claim MMTR tokens using the same wallet used for the purchase at the end of the presale in Q1 2024. The current MMTR token price is $0.022, and it is expected to rise to $0.0233 in the next presale stage. To participate in the presale investors can visit the Memeinator website to purchase their MMTR tokens.

Moving to Phase 3, Memeinator plans to list on Tier 1 exchanges, launch the Memescanner, and unveil the Memeinator Game: Meme Warfare. Phase 4, the pinnacle, involves launching on the world’s largest exchanges, introducing Meme Replicants, and achieving the No.1 market cap among meme coins.

Are MMTR and LPT good investments now?

As crypto investors closely look out for potential opportunities in the extremely volatile crypto market, both Memeinator (MMTR) and Livepeer (LPT) present intriguing prospects.

MMTR’s unique approach to meme coin dominance, coupled with genuine utility through innovative products, positions it as a project to watch. On the other hand, Livepeer’s recent surge, driven by advancements like OpenAI’s Sora integration, showcases its potential in the decentralized video streaming sector.

However, while the two may stand out as promising investments, investors are advised to stay vigilant and conduct thorough research before exploring these opportunities in the ever-evolving cryptocurrency landscape.

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