Avalanche, Cardano lead altcoin gains as Memeinator presale approaches $2M
Avalanche and Cardano have gained by double digits in a week as network activity grows. Memeinator could benefit from investment inflows into risky assets. The use case and roadmap make Memeinator attractive. With a gain of more than 37% over the past week, Avalanche is the strongest altcoin among its top peers. Cardano, another altcoin to see an increase in bullish inflows, is up 30% in the same period. The gains highlight a potential recovery in altcoins following recent bullish runs in Bitcoins. However, it is a sign of increased appetite for risky assets that boosts sentiment for the rest of the sector. Memeinator has also witnessed demand, as investors acquire over $1.93 million worth of tokens in presale . Avalanche and Cardano gains positive for Memeinator It might feel that the gains in Avalanche and Cardano are following the price of Bitcoin. However, analysts believe Avalanche price was already undervalued before the latest reco...