2023-11-14 17:07 |
Meme cryptocurrencies are coming onto a rally following strengths in Bitcoin. Shiba Inu, the second-ranked meme cryptocurrency, is up by double digits in the past week. Meanwhile, an upcoming meme, Shiba Memu (SHMU), has raked in over $4.46 million in presale. Is this a positive trend for the meme crypto sector?
Shiba Inu’s strengths an indication of buying interestShiba Inu price gains have been fueled by a rising number of addresses accumulating the crypto token. According to Glassnode, addresses buying Shiba Inu have outgrown those selling in the past month.
An increase in buyers reinforces a bullish bias happening on Shiba Inu. The token rose from October lows of $0.00000664 and is now trading at $0.0000088. The current level is a correction from a high of $0.0000096 over the weekend.
Should Shiba Inu’s strengths continue, a psychological resistance of $0.00001 will likely be the new target. The gains could boost the rest of the meme sector, helping presale project Shiba Memu.
Is Shiba Memu a quality meme project?Shiba Memu might be a new kid on the block, but the enthusiasm it generates highlights the potential. The investors have bought millions of dollars worth of the token ahead of its crucial listing. Of essence is the FOMO the token has generated, given its quality features and road map.
Forget about the Musk-inspired rally on Dogecoin. Or the upcoming Shiba Inu metaverse that pops up the token only for its later to fall on dying sentiment. Shiba Memu will ingeniously market itself online, generate online chatter, and spark interest. This could enable it to have persistent price increases.
Unlike leaders like Dogecoin and Shiba Inu, Shiba Memu deploys AI to achieve a competitive edge. The AI enables Shiba Memu to write its own PR and self-promote on social networks. Shiba Memu will also learn from its successful marketing strategies, becoming more clever and powerful. The AI use makes Shiba Memu sustainable and potentially highly ROI investment.
Should you invest in Shiba Memu?Regarding investment decisions, a couple of factors come into play. However, the potential return is the most important, especially for meme cryptocurrencies.
If we look at some of the most successful meme cryptocurrencies, returns have been supernormal. Think of the parabolic move of PEPE this year, the Doge and Shiba Inu rally in 2021, and the like. Meme cryptocurrencies have been an exciting lot, generating above-average returns.
But one would also be careful, given that meme rallies can be short-lived and massive losses can be incurred. Shiba Memu aligns with the AI trends while tapping into more exciting use cases for social engagement. Users can access an AI dashboard to ask questions, give feedback, and initiate discussions.
Shiba Memu can replicate the speculative momentums of meme cryptocurrencies but remain sustainable. An early demand in the presale suggests the speculative value of the token is immense. Similarly, AI use means Shiba Memu can continually reinvent itself, becoming a reliable investment.
About Shiba Memu presaleShiba Memu has been on presale for a couple of weeks. The presale is 46 days from its last day, an extension after the previous phase ended.
An exciting feature of the Shiba Memu presale is persistent token price increases. The token’s price increases daily at 6 PM, allowing early backers to earn returns before listing.
After the presale, the team will embark on listing on major exchanges. The listing will increase the accessibility of SHMU, unlocking liquidity and helping in price discovery.
From the listing, the team will embark on developing the AI marketing dashboard and other features. The actualisation of the project will enable Shiba Memu to see increased flows due to demand. This will be the precursor for long-term gains beyond the speculative value of Shiba Memu. Investors can learn more about the project on its webpage, including its exciting roadmap.
The post Shiba Inu on a massive leap to $0.00001 as meme interest boosts Shiba Memu appeared first on Invezz
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