2023-12-5 15:07 |
As the bullish sentiment around crypto solidifies, investors are eyeing what could be the next big thing and attention is on some of the trending presale projects. Could Shiba Memu (SHMU) be worth a bet in the current market?
Bitcoin taps major level amid bullish predictionsBitcoin touched $42k this week, with its yearly gains topping 140% as anticipation around a potential spot ETF approval in early January continued to pull investors into the market.
The bullish outlook is also down to Bitcoin’s upcoming halving, which could tie in with a confluence of other positive catalysts to drive BTC higher. Bull market predictions range from a modest $120k to over $250k, with many looking at the inevitable adoption as the baseline.
Amid the benchmark cryptocurrency’s stellar performance has been a massive spike for altcoins, including Ethereum’s break above $2,200 and XRP’s move to $0.61. Elsewhere, meme coins have shown a remarkable flip, with Bonk leading the pack. The prices of these tokens could soar to new all-time highs in the next one to two years, but they could be dwarfed by returns from newly launched projects driven by massive demand.
If you are an investor looking to bet on a new crypto gem, would you consider Shiba Memu? What makes this token unique from other meme coins in the market? Here’s a brief overview.
Shiba Memu – Is it any different from other crypto meme tokens?Shiba Memu is a new cryptocurrency meme project that leverages AI to create a self-promoting ecosystem laden with multiple practical applications.
Other than a viral marketing machine powered by an AI dashboard, the project is designed to stand out from other replica meme tokens by going beyond pure speculative offerings. Other tokens trying to infuse new value on top of live projects are finding it tough.
Shiba Memu is bringing this out from the off, with tangible value to the community available via play-to-earn (P2E) gaming, an NFT incubator, and metaverse. They are use cases highlighted in the project’s whitepaper and if delivered, could massively add to the traction already seen in the native token SHMU’s presale.
As seen on the presale page, Shiba Memu has raised over $4.6 million so far, with 25 days to go before the sale ends.
Shiba Memu roadmap: SHMU to go live in 2024Apart from its practical utility, Shiba Memu’s tokenomics suggest a community-driven project as 85% of tokens are set for the presale.
The Shiba Memu token is expected to list on top tier exchanges starting in Q1 next year, with development of the AI dashboard and its eventual deployment coming in the second and third quarters. Partnerships, integration with decentralised applications (dApps) and launch of staking is planned for early 2025.
It is notable that these activities and developments could align with the highly anticipated bull market. As noted, its likely huge interest in a real value meme token could push Shiba Memu to the forefront, positioning SHMU for a potential explosive debut.
Buying at current prices might therefore end up as a smart move – particularly with the presale price of SHMU is $0.045550, and programmed to increase every day at 6pm GMT until 30 December, 2023. In this case, buyers could keep locking in daily gains ahead of the token’s listing for trading on exchanges like BitMart early in the year.
There is no guarantee that Shiba Memu can repeat or surpass some of the astronomical returns posted by some tokens in the last bull market. However, if market conditions allow, it could be a good addition to a portfolio.
If interest in buying SHMU, find out more about it from their official social channels or presale page.
The post A look at Shiba Memu as Bitcoin and crypto eye new bull market appeared first on Invezz
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