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Promising ICO projects enter the market daily, but ‘Memereum’ is setting the pace.
It calls itself the “First insurance on blockchain.” The project is currently undergoing a presale and has sold over 31 million tokens, with today’s price at $0.095. How far can it go after launching on exchanges?
Innovative use case and strong tokenomics – big potential for Memereum?
In an industry where the threat of malicious attacks, exploits, and accidental losses is always pressing, Memereum offers a tangible solution.
But they don’t just insure crypto assets – they also insure commodities like fiat currencies, precious metals, and antique coins.
They’ll do this by creating the first insured decentralized exchange (DEX). So how will it work?
Per its whitepaper, MemeSwap’s decentralized exchange, MemeSwap, will allow users to purchase offers insurance on assets purchased through its exchange, secured by the MEME token.
Its whitepaper also notes that insurance protects against volatility and loss. Since users can insure crypto and fiat currencies, this could be of huge interest.
Hyperinflation (and, therefore, currency devaluation) has become a big risk in recent years. Meanwhile, the collapse of certain cryptocurrencies (such as UST) also shows this could be beneficial.
Other features of Memereum include staking and NFTs. The NFTs will be distributed to presale holders who hold $250 worth of MEME tokens.
It’s a robust use case with a real product-market fit and currently low competition.
According to the Memebet FAQ section on its website, MEMEBET will launch on exchanges at $0.45. This marks over a 4x gain from its current price.
Based on that, analyst ClayBro believes it is an “excellent opportunity.”
The analyst also points to its innovative use case, providing investors with peace of mind through insurance.
But, can Memereum exceed its pumped-up listing price?
It would take a lot of new demand, and it’s uncertain whether it will be there.
Though the presale has raised approximately $3 million, the crypto insurance niche has been in operation for years and has been unable to produce the expected returns.
For example, market-leading insurance coin Nexus Mutual has seen just an 18% gain in the past year.
However, one area that has gained a lot of traction this year is meme coins. Per CoinGecko data, the sector booked a 1,313% gain in Q1 of 2024 alone.
While Memereum undoubtedly has a promising use case, it remains to be seen if this will translate into real demand once it launches on exchanges.
Many retail investors tend to steer clear of more “buttoned-up” sectors like insurance, favouring crypto-native markets like meme coins.
With that in mind, one presale that could be a strong alternative is Crypto All-Stars. Let’s take a closer look.
Could This Token be a Better Investment Than Memereum? Crypto All-Stars Lets You Stake Any Meme Coin, Raises $1.3M
There’s much to be said about Memereum’s utility, but meme coins continue dominating the crypto market.
That’s why Crypto All-Stars has a real shot at success. It’s not your bog-standard meme coin. It’s a piece of infrastructure that caters to joke tokens.
They’re building the first unified staking protocol for meme coins.
As Albert Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”
Imagine generating compound interest on your Dogecoin, Shiba Inu, Pepe, and other top meme coins. That’s what Crypto All-Stars is creating.
And quite like Memereum, this is all underpinned by Crypto All-Stars’ native $STARS token.
Users must hold it to stake their meme coins, and they’ll earn rewards based on how much they hold.
They can also stake their $STARS tokens and currently earn an APY of over 1,000%.
There’s been a lot of interest in Crypto All-Stars. The presale has raised over $1.4 million, and the 99Bitcoins YouTube channel speculates it could see up to 100x price gains.
With a utility-centered use case rooted in meme culture, it’s no surprise that analysts have high hopes for $STARS.
The current price is $0.0014535, but this will rise throughout the presale, with the next increase in two days.