3 tokens watch as crypto eyes bounce: PYTH, TIA, MMTR
Pyth Network (PYTH) and Celestia (TIA) have seen decent traction and could rally in 2024.
Memeinator is blazing through its presale, currently at $3.7 million as investors eye potential meme coin gains.
While the year is having a somewhat slow start given the excitement amid the build up to the spot ETFs approvals in the US, experts continue to opine that this could be a breakout year.
This has the overall sentiment mostly bullish, with the crypto market eyeing potential tailwinds such as the upcoming Bitcoin halving and further regulatory clarity. The long term impact of inflows via ETFs is also another factor providing impetus as traders position themselves across the market.
It’s with this view that Pyth Network (PYTH) and Celestia (TIA) are seeing significant investor attention. Meanwhile, presale token Memeinator (MMTR) could present an attractive meme coin for a diversified portfolio.
Memeinator (MMTR): Presale offers opportunity
While many meme coins face market oblivion for lack of utility or outright worthlessness, the Memeinator (MMTR) comes ready and loaded for a hostile takeover. The project uses blockchain and artificial intelligence (AI) to bring a gamified ecosystem to the meme coin world.
With staking and NFTs also part of the utility on offer, the Memeinator stands out from many meme coins struggling to hold onto hype-driven gains. Its growing community, the presence of a great team, clear roadmap and tokenomics add to the overall serious outlook that Memeinator projects.
As it eyes a race to the $1 billion market cap upon its trading debut in coming months, Memeinator will destroy all weak meme tokens. Currently, the presale, which has reached stage 13 and raised over $3.7 million, offers a great opportunity for an early bid.
MMTR price is $0.0197 and will jump to $0.0208 in the next stage, before hitting $0.0292 in the last presale stage. There’s a chance this token could explode after its presale, potentially challenging Shiba Inu and Dogecoin for the top meme coin spot.
Pyth Network (PYTH): Growing oracle ecosystem
Pyth Network (PYTH) is a blockchain oracle system for real-time market data. The platform, which gained remarkable traction amid impressive airdrops and exchange listings in recent months, is quickly growing into a force in the market.
The Pyth network’s scaling capacity sees it provide over 400 price feeds, with data from blockchains, crypto exchanges and market makers among others. These providers tap into smart contracts to contribute real-time price feeds for crypto, ETFs, equities, FX pairs and commodities.
More than 90 market providers currently publish data on Pyth, including Binance, Cboe, and Jane Street.
With the growth trajectory, it’s possible the price of PYTH could rise amid other favourable market conditions. There’s an opportunity to position for these gains given PYTH reached an all-time high of $0.5487 in November 2023.
At current prices, it’s about 35% down. However, this altcoin has seen a decent upside since January 10 when it traded below $0.23.
Celestia (TIA): Specialized rollup chains
Celestia price rose sharply after its mainnet beta launch in October and when crypto exchange Binance listed the modular data network’s native token.
The blockchain’s traction comes amid massive airdrops for its TIA tokens and increased integration as projects seek to leverage its technology for practical flexibility, interoperability and scalability. As more networks tap into Celestia’s specialized rollup chains technology, amid a boost for altcoins, TIA could be one of the top coins to watch in the coming year or so.
TIA’s all-time high is $20.16, reached just this week – on January 15, 2024. According to CoinGecko data, the current price of $18.20 is about 779% above the all-time low of $2.08 hit on October 31, 2023.
Celestia ranks 34th among largest cryptocurrencies by market cap, with $2.8 billion. It could climb the charts should the upside momentum solidify in coming months.
If you are an investor looking for an opportunity in the market, do your own due diligence on the three tokens above. For Memeinator (MMTR), you can check their presale page.
