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  • Bitcoin tops $28k as Memeinator’s presale surpasses the $700k milestone

    Bitcoin tops $28k as Memeinator’s presale surpasses the $700k milestone

    Key takeaways

    • Bitcoin is trading above the $28,400 mark and could rally higher in the short term.

    • Memeinator’s presale has now surpassed $700k three weeks after its launch.

    The cryptocurrency market has been positive so far this week, with most coins and tokens in the green zone. Memeinator’s presale has now crossed an important milestone as the team continues to raise more funds.

    Bitcoin eyes the $30k level

    Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well since the start of the week. It has added more than 2% to its value in the last 24 hours, and the price of Bitcoin currently stands at $28,456 per coin.

    The broader cryptocurrency market has also been rallying, with the total crypto market cap now close to the $1.1 trillion mark. If the bulls remain in control, Bitcoin could test the $30k resistance level in the short term. 

    What is Memeinator?

    The cryptocurrency market has been performing well so far, and investors continue to enter new projects. Memeinator is one of the projects investors have been focusing on in recent weeks. 

    Memeinator is a project that is riding the meme coin wave and seeks to provide numerous utilities to users. The project intends to get rid of worthless memes and become one of the leading meme tokens in the crypto space. 

    There are thousands of meme token projects in the crypto space, but most of them don’t offer utility to users. 

    Memeinator will differ from most of them as it will leverage AI technology to identify worthless memes, allowing investors to know them and steer clear of them. With the right level of adoption, Memeinator’s development team want the token to reach a market cap of $1 billion in the medium to long term. 

    The Memeinator presale began roughly three weeks ago and has already attracted thousands of investors in the crypto space. The MMTR price began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early-bird investors a whopping 132% ROI at listing, which is only the start of it.

    The team also plans to launch a Memeinator game at the presale’s conclusion. The Memeinator game players will get to eliminate enemy memes in a good old-fashioned shoot-em-up. 

    Why is the Memeinator presale growing so fast?

    Memeinator could be garnering interest from investors thanks to the project’s unique use case in the crypto market and beyond. The project is appealing to a wide range of audiences, from degens to crypto natives and speculators, giving it the opportunity to become a hit in the market. 

    Memeinator is set to leverage AI to analyse and evaluate memes on the internet, identifying lower-quality memes to replace or “destroy. The project is dedicated to uplifting meme culture and quality while also championing the most imaginative and impactful content. 

    The team also took its tokenomics into consideration as it seeks to provide value for the holders and participants. The MMTR token has some excellent features, such as deflationary mechanisms and rewards for holders, incentivising the project for holders in the long term. 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

    Click here to read more about the Memeinator presale.

    Is the Memeinator a good buy? 

    The Memeinator has so far raised over $700k in less than three weeks since the presale began. The project is an exciting one for investors as it will leverage AI technology to provide excellent value to investors in the medium and long term.

    The team intends to grow the project to a billion-dollar market, and early investors would be the biggest winners if that happens. With the right level of adoption, Memeinator could become one of the leading meme tokens in the crypto space. 

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  • Can Bitcoin reclaim the $30k psychological level after yesterday’s brief rally

    Can Bitcoin reclaim the $30k psychological level after yesterday’s brief rally

     Key takeaways

    The cryptocurrency market is having a rollercoaster week so far, with Bitcoin and others experiencing mixed performances. Shiba Memu’s presale is now closing in on the $4 million mark as more investors pledge funds to the project.

    Bitcoin eyes the $30k mark 

    Bitcoin, the world’s leading cryptocurrency by market cap, briefly touched the $30k mark on Monday following a false news report. CoinTelegraph and some crypto media outlets reported that the spot Bitcoin ETF filed by BlackRock was approved by the US SEC.

    The news sent Bitcoin racing past the $30k mark on Monday. However, BlackRock later came out to debunk the report, revealing that the SEC is still reviewing its Bitcoin ETF proposal. 

    Bitcoin has now settled around the $28k level. At press time, the price of Bitcoin stands at $28,416 per coin. The bulls are still in charge and could push BTC’s price towards the $30k psychological level in the near term. 

    What is Shiba Memu?

    Shiba Memu is a cryptocurrency project that continues to gather interest among investors thanks to its unique proposition.  As a Web3 project, Shiba Memu intends to combine the powers of blockchain technology and artificial intelligence to make it easier for individuals and entities to carry out market campaigns.

    Shiba Memu is a meme token project that intends to offer a wide range of use cases to marketers. The platform can carry out various activities, including content creation, marketing, social media advertisement, and creative advertisement. 

    As an AI-powered project, Shiba Memu will work all day long to identify the best creative adverts and improve on them to provide superior content marketing services to users. 

    Shiba Memu’s launching as a meme token comes as it seeks to leverage the popularity wave of meme coin projects in recent years. This is strengthened by the fact that within two years, meme coins saw their market caps grow from practically $0 to $35 billion in 2023. 

    However, Shiba Memu will differ from other meme tokens by providing various use cases to users. Shiba Memu is launching with real-world use cases and would allow users to create marketing strategies, roll out PR schedules, and promote campaigns on relevant forums and social media platforms. 

    Currently, the project is available on the Ethereum and BNBChain blockchains. 

    Shiba Memu’s presale closes in on the $4 milestone

    The cryptocurrency market is experiencing a rollercoaster performance this week, with most coins and tokens currently in the green zone. 

    Shiba Memu has continued its excellent presale performance, and the team has now raised roughly $3.9 million. This means that Shiba Memu has added more than $200k in less than a week. 

    With the funds raised during the various presale stages, Shiba Memu will develop its products and services. The team will focus mostly on the development of the Shiba Memu AI technology. 

    The Shiba Memu platform will also have a robotastic dashboard, allowing users to interact with the AI, provide feedback, make suggestions, ask questions, and more.

    Click here to find out more about Shiba Memu’s presale event.

    Shiba Memu price prediction

    Shiba Memu is still in its presale stage, and this makes it impossible to predict its price in the short and medium terms. However, at the moment,  1 SHMU = 0.034525 USDT USDT. The token’s price increases every day at 6 pm GMT and is set to trade at 0.034750 USDT per token in a few hours. 

    During the first presale stage, SHMU was trading at $0.011125, and it has seen a remarkable increase in price since then. The SHMU token can be purchased using Ethereum, USDT, BNB and BUSD

    Should you buy Shiba Memu now?

    The decision to purchase SHMU belongs to the investors. However, Shiba Memu has the potential to become one of the top meme projects in the world, thanks to its utility in the market industry. By combining AI and blockchain technologies, Shiba Memu could gain massive adoption in the marketing world. 

    At the moment, SHMU is going for a discount price as the project is still in its presale stage. With the right level of adoption and a possible crypto bull market on the horizon, SHMU’s price could rally higher in the medium to long term. 

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  • Bernstein analyst Gautam Chhugani picks a side

    Bernstein analyst Gautam Chhugani picks a side

    bitcoin vs gold bernstein gautam chhugani picks
    • Bernstein analyst says Bitcoin is more attractive than gold.
    • Gautam Chhugani explained why in a research note today.
    • Bitcoin is currently down about 10% versus its YTD high.

    Gold has a history of doing well in a recession – but this time Bitcoin is an even better investment, as per a Bernstein analyst.

    Bitcoin has a history of outperforming gold

    Gautam Chhugani continues to see the world’s largest cryptocurrency as the ‘safe haven’ since it has performed about five times better than gold since 2018.

    At 1.8%, he agreed that Bitcoin inflation is comparable to gold inflation for now but said “skeptics miss that every four years, [the former’s] inflation halves”.

    The total supply of Bitcoin is scheduled to halve in May of 2024. Historically, that event has resulted in significant price appreciation.

    Last week, billionaire hedge fund manager Paul Tudor Jones also said Bitcoin was a better investment than stocks in the current environment (read more).

    Spot Bitcoin ETF will unlock significant demand

    Gautam Chhugani is convinced that capital will flow into Bitcoin further as fears of recession continue to swell.

    The Bernstein analyst dubs the cryptocurrency a better investment than gold also because it is at a “fairly early stage of institutional adoption”. Significant demand will unlock once the Securities & Exchange Commission approves the first U.S. Spot Bitcoin ETF, he added.

    Bitcoin currently has a market cap that’s not even 5.0% versus that of Gold.

    BTC soared materially this morning following a report that the regulator has approved iShares Spot Bitcoin ETF. But the news was later confirmed as fake and resulted in a sharp pullback that brought Bitcoin back to around the $28,000 level.

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  • Why a Bitcoin rally could mean big business for NUGX as whales diversify

    Why a Bitcoin rally could mean big business for NUGX as whales diversify

    TLDR

    • Bitcoin’s upcoming pre-halving event has set the tone for a rally.

    • The International Monetary Fund (IMF) warns of possible inflation in 2024, which can affect Bitcoin’s rally.

    • Crypto whales seeking ways to diversify their portfolios are looking to NuggetRush for considerable returns.

    As the pioneering digital asset, the movements of Bitcoin ($BTC) can sway the entire crypto market, dictating trends and influencing investment strategies. Recently, the crypto community has been abuzz with talk of a Bitcoin rally, which has rekindled the industry’s excitement and curiosity. 

    Amidst this Bitcoin resurgence, the intersection of its rally with the trajectory of NuggetRush (NUGX) sets the stage for intriguing exploration by crypto whales. NuggetRush is a meme coin that distinguishes itself through its blend of gaming, real-world impact, and a passionate community. The project stands at the forefront of crypto innovation, using the allure of digital art, including non-fungible tokens (NFTs), in its gaming model. 

    In this article, we journey through the ripples created by this Bitcoin resurgence, specifically focusing on how the diversification of these crypto whales can impact top crypto coins like NuggetRush. 

    NuggetRush (NUGX): Embracing the GameFi gold rush

    NuggetRush is a groundbreaking meme coin, setting itself apart through a captivating gamification approach that promises to redefine the cryptocurrency landscape. This means that, beyond the trading charts and price fluctuations, investors can engage in a dynamic gaming environment and enjoy an interactive experience. It’s an excellent opportunity for early supporters seeking top crypto coins with a real-world impact.

    The native token of the cryptocurrency ICO, NUGX, has a total supply of 500 million. With an intriguing tokenomics structure, NuggetRush offers a presale that marks a pivotal step toward realizing the project’s growth. The ICO has an initial DeFi coin price of $0.10 per token and a proposed launch price of $0.020 following the five stages of the presale.

    NuggetRush offers a virtual universe that guarantees an unforgettable experience. The project is a revolutionary blend of GameFi and adventure that immerses players in the heart of a virtual gold rush. Every mine you explore and every strategy you craft holds the promise of valuable treasures, making every gaming session a thrilling quest. It’s a place where memes and trending NFTs evolve into tangible value. 

    This cryptocurrency ICO doesn’t just stop at providing an immersive gaming experience. It’s built on the Ethereum blockchain, ensuring the highest security and transparency standards. 

    The game’s characters, including Maxwell Stoneforge, Marcus “Mack” McAllister, and Amelia “Mia” Gallagher, offer players a dynamic and diverse set of skills and attributes, doubling as collectible non-fungible tokens. Excitement is added to the gameplay with these trending NFTs.

    >> Buy NuggetRush Now <<

    Bitcoin ($BTC): Opportunities amidst the rally

    The recent Bitcoin rally has captured the attention of the cryptocurrency world, sparking intrigue and excitement. This surge in the value of the token’s DeFi coin price is driven by a complex interplay of factors, including its impending pre-halving event and the possibility of a Bitcoin ETF approval. 

    With these two factors, a change is definite for the cryptocurrency, although no one can tell which way the rally winds will blow. $BTC could skyrocket in price or decline further, especially following the IMF’s (International Monetary Fund) warning of inflation in 2024.

    Cryptocurrency whales, individuals or entities holding substantial amounts of digital assets, have historically been known to wield considerable influence over the market. During bullish phases like the ongoing Bitcoin rally, these whales often diversify their portfolios, seeking new investment opportunities in tokens with incredible features like NUGX. 

    This behavior demonstrates faith in the continued growth of the crypto market and suggests a potential flow of capital into smaller tokens. This diversification also introduces a layer of unpredictability as the market landscape evolves, with benefits and challenges awaiting smaller tokens as they navigate the tidal wave of a $BTC rally. 

    With crypto whales diversifying to new tokens like NUGX, more growth opportunities are sure to arise for such projects and an influx of investors. These projects could potentially meet their goals quickly while gaining more partnerships.

    >> Buy NuggetRush Now <<

    Conclusion 

    The Bitcoin rally casts its influence far and wide, rippling the cryptocurrency market. As it surges, it illuminates the potential for diversified investments and ushers in fresh opportunities. 

    NuggetRush, with its unique blend of gaming, impact, and community, stands poised to navigate these dynamic waters. The synergy between Bitcoin’s resurgence and the innovative approach of NuggetRush hints at a promising journey ahead. 

    As the cryptocurrency landscape continues to evolve, one thing remains certain: the interplay of Bitcoin’s rally and tokens like NUGX exemplifies the dynamic nature of the crypto world, offering opportunities for investors and enthusiasts to explore and engage.

    Visit NuggetRush Presale Website

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  • As Pepe struggles to maintain its early 150x boom, Is there a new contender to its throne?

    As Pepe struggles to maintain its early 150x boom, Is there a new contender to its throne?

    TLDR:

    • Pepe ($PEPE) struggles post-150x boom due to lack of market sustainability and utility.

    • NuggetRush ($NUGX) emerges with strong tokenomics, real-world utility, and community engagement.

    • NuggetRush’s innovative approach presents a meaningful, forward-thinking crypto investment opportunity.

    Pepe ($PEPE) once soared to staggering heights with a 150x price boom, showcasing the euphoric yet unpredictable nature of the crypto realm. However, as the dust settles, the token finds it hard to maintain its majestic flight, its wings seemingly clipped by the harsh realities of market sustainability and utility demand.

    Amidst these tides of change, a new vessel, NuggetRush ($NUGX), sails forth, promising not just a sturdy deck, but a treasure trove of real-world utility and robust tokenomics. 

    The ephemeral allure of Pepe ($PEPE) now pales in comparison to robust, utility-driven tokens like NuggetRush ($NUGX), which offer a harmonious blend of financial growth, real-world impact, and community engagement, paving the way for a new era of meaningful crypto investments.

    NuggetRush ($NUGX)

    NuggetRush ($NUGX) isn’t merely a token; it’s a gateway to an expansive universe where cryptocurrency, gaming, and tangible societal impact coalesce. This Ethereum-based token stands as the pillar of an innovative play-to-earn blockchain game, where every mined virtual gold nugget echoes rewards in the real world, catering to the betterment of artisanal miners in underdeveloped countries. 

    NuggetRush’s ecosystem resonates with the ethos of GameFi, nurturing a realm where players can exchange in-game assets for real-world assets like gold and cash.

    The tokenomics are meticulously designed to fuel a self-sustaining ecosystem with a total supply of 500,000,000 $NUGX tokens, fostering a community-driven governance model, and an ecosystem that rewards participation. 

    The best altcoins bear a hallmark of security and transparency, and NuggetRush is no exception. With a smart contract audit already in the bag, courtesy of SolidProof, and a smart contract that will be renounced post-launch to ensure a trustless and transparent environment, $NUGX sets a high bar. 

    The ongoing successful presale, now in Round 1, has already seen over 69,000 $NUGX tokens sold at 0.01 USDT each, with the price poised to increment to 0.012 USDT in the next round, underscoring the burgeoning investor confidence in this venture.

    Amid a plethora of choices in the crypto domain, discerning the best altcoins to watch can be a daunting task for both seasoned and novice investors. 

    However, NuggetRush ($NUGX) stands out, offering not just a promising financial venture, but a meaningful engagement that resonates with real-world impact. The innovative blend of gaming and blockchain technology it embodies provides a rare, valuable proposition in a market flooded with transient, hype-driven tokens.

    The well-structured presale, the transparent and secure framework, and the promise of a community-centric governance model, all contribute to making NuggetRush one of the candidates in the list of the best cryptos to buy now. 

    The vision of integrating play-to-earn gaming with a mission to support underprivileged communities showcases a forward-thinking approach, setting a precedent for how cryptocurrencies can transcend digital realms and foster tangible positive change in the societal fabric.

    >> Buy NuggetRush Now <<

    Pepe ($PEPE)

    On the flip side, Pepe’s narrative unfurls as a cautionary tale. The token, once a darling of the crypto community, now wrestles with the ghost of its past glory. The lack of a substantial utility framework and a roadmap to sustain its early boom are the chains dragging it down into the abyss of obsolescence. 

    Its journey reflects the path of many meme coins that rocket skywards on the wings of hype but plummet when the fuel of real-world utility runs dry.

    In stark contrast, emerging altcoins to watch like NuggetRush ($NUGX) are not mere speculative assets but bearers of a vision that transcends digital numbers, anchoring its value in tangible impact and a thriving, interactive ecosystem.

    Conclusion

    The juxtaposition of Pepe and NuggetRush unveils a panorama of what the future holds. While Pepe struggles to find its footing amidst a crumbling facade of hype, NuggetRush surges forth on a strong foundation of utility and a promise of real-world impact. 

    The robust tokenomics, the innovative intertwining of gaming and blockchain, and the mission to aid underdeveloped communities, places NuggetRush in the spotlight as one of the top new altcoins to watch.

    For the discerning investor, tokens like $NUGX don’t merely represent a financial venture but a step towards a realm where cryptocurrency transcends digital boundaries, seeding growth and prosperity in the real world.

    Visit NuggetRush Presale Website

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  • Ferrari embraces crypto payments, partners with BitPay in the US

    Ferrari embraces crypto payments, partners with BitPay in the US

    • The luxury carmaker partners with BitPay to facilitate cryptocurrency transactions.
    • Ferrari is responding to growing customer demand and dealer requests.
    • The luxury car maker will start by accepting crypto payments in the US and later Europe.

    In some interesting crypto news, Ferrari, the iconic luxury sports car manufacturer, has officially announced its plans to accept cryptocurrency payments for its high-end vehicles in the United States.

    This groundbreaking decision, spurred by increasing customer demand and the rise of digital currency investments, represents a significant shift in the automotive industry. Here’s what you need to know:

    Crypto payments for iconic Ferraris

    Ferrari’s chief marketing and commercial officer, Enrico Galliera, has confirmed the brand’s intention to accept cryptocurrency payments in the US and later in Europe. This move was primarily driven by a surge in market demand and repeated requests from their dealers. Notably, Ferrari has observed an influx of young, tech-savvy investors who are enthusiastic about digital currencies.

    While the exact number of vehicles Ferrari expects to sell through cryptocurrency payments remains undisclosed, the company’s order portfolio is entirely booked until 2025, reflecting a strong demand for their luxury cars. This strategic adoption of cryptocurrencies aims to explore new avenues of connecting with potential buyers who are keen to use their digital assets for high-end purchases.

    BitPay partnership for seamless transactions

    For its initial foray into the cryptocurrency market in the United States, Ferrari has joined forces with BitPay, a major cryptocurrency payment processor. BitPay will facilitate the entire transaction process, ensuring a smooth experience for both buyers and sellers.

    Importantly, BitPay will offer conversions from popular cryptocurrencies, such as Bitcoin and Ethereum, into traditional fiat currencies, like the US dollar. This conversion mechanism is designed to protect Ferrari and its dealers from the inherent volatility of cryptocurrencies, ensuring that the value of the vehicles remains consistent.

    BitPay’s involvement doesn’t stop at currency conversion. They will also play a crucial role in verifying the legitimacy of the digital currency used for payments. This measure ensures that the funds do not originate from illegal activities, money laundering, or tax evasion, reinforcing the security and compliance aspects of the transactions.

    Ferrari’s decision to embrace cryptocurrency payments marks a pioneering step within the luxury automobile industry.

    While some large corporations have hesitated to integrate cryptocurrencies due to concerns about price volatility and environmental issues, Ferrari’s forward-thinking approach demonstrates its commitment to meeting the evolving preferences of its clientele. The company intends to introduce cryptocurrency payments in Europe during the first quarter of 2024, with potential expansion into other crypto-friendly regions.

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  • Memeinator vs. Sushi price prediction: Buy MMTR or SUSHI?

    Memeinator vs. Sushi price prediction: Buy MMTR or SUSHI?

    • Sushi price is near the key support level of $0.50 while Memeinator is set to jump to $0.0118.
    • But what’s the price prediction for SUSHI and MMTR?
    • What makes Memeinator stand out among meme coins?

    Sushi is a top DeFi protocol, whose governance token SUSHI reached a high of $23.38 in May 2021. Memeinator on the other hand is a new meme cryptocurrency that recently launched its presale. The project’s approach in the quest to disrupt the meme world is attracting enthusiasts, with over $680k raised just days after it went live.

    But what’s the outlook for these two projects? Let’s dive in for more.

    What is Memeinator?

    Memeinator is the “Terminator” of the crypto meme world. It comes with a mission – marshalled from the future of memesphere to bring order and clarity to the market by taking down weak meme tokens. To achieve this mission, the Memeinator has tapped into artificial intelligence to create a Memescanner that will identify and bring into view worthless memes for judgement. A target of $1 billion market cap means many will fall.

    This is expected to start after the final presale stage, with the roadmap including the launch of the Meme Warfare game. Expanding on meme utility in this way adds to the unique value proposition of Memeinator that has the crypto community excited and looking to make an early kill via the presale.

    Other than the game, other enticing aspects of the Memeinator that add to MMTR’s utility is the support for staking and NFTs. There’s more in an advertised $250k Virgin Galactic trip to space, more of which can be gleaned from the presale page and via the project’s social media channels.

    What is Sushi?

    SushiSwap is a community-driven DeFi protocol that offers opportunities such as yield farming, staking and liquidity providing. It’s an automated market maker (AMM) powered by smart contracts.

    The project was announced in September of 2020, with the native governance token SUSHI giving holders the right to vote on ecosystem initiatives. Holders also earn from the fees collected.

    Sushi price prediction

    SUSHI traded to lows of $0.47 in 2020 before skyrocketing during the last bull market to break above $23 in May 2021. However, it’s edged lower amid the crypto winter and has lost 97% of that value given the current price. Negative sentiment remains, but if bulls hold the long-term support zone at $0.50, a rebound to $1 might signal fresh momentum.

    With several innovative products, SushiSwap has become one of the key DeFi platforms in the market. As part of the latest development plans, the Sushi team has organised an AMA on X. The event is scheduled for October 16 at 10 pm UTC and will feature Origin DeFi, Boba Network, PopcornDAO, and others in a discussion centred on continued building even as the bear market drags.

    Memeinator price prediction

    Memeinator will be in presale for 29 stages, a period that will see the price of MMTR rise to $0.049. Currently, the token sale is at $0.0112 with the presale at stage three. Over $687k has been raised so far and with the price set to jump to $0.0118 at the next stage, gem hunters might yet get this at what looks like a mighty bargain. If the token launches as expected during the next bull market, it could target $1 in 2024.

    Why Memeinator?

    While Sushi remains one of the altcoins to watch in the market, the potential for far more gains starting from the presale suggests Memeinator could be a stand out buy between these two.

    The Memeinator is quickly progressing through its initial development phase, with a strong community set to grow with the launch of MMTR across the market in phase two of the project. That will also include partnerships, staking and NFTs launch, with weaker meme tokens annihilated as MMTR targets the $1 billion market cap. The roadmap lists this as phase three of the project.

    Learn more here.

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  • Dogecoin and Shiba Memu (SHMU)– what’s the price outlook?

    Dogecoin and Shiba Memu (SHMU)– what’s the price outlook?

    • Shiba Memu is a new meme coin that’s leveraging the AI revolution.
    • The project is in presale and has raised more than $3.8 million.
    • Dogecoin (DOGE) tops meme coins buts its price has struggled as daily transactions sink.

    Dogecoin is struggling to keep prices above a key support level even as the leading meme cryptocurrency records a sharp drop in daily transactions. Meanwhile, the Shiba Memu (SHMU) presale has hit $3.8 million as price increases to $0.0334.

    Here we examine the price outlook for the two tokens amid a broader lull in a crypto market that’s mirroring market reaction to the latest US inflation report. Stocks traded mixed after the Consumer Price Index (CPI) showed prices rose 0.4% versus 0.3% expected in September, with a 3.7% increase over the past year to match that of August.

    Shiba Memu – an AI revolution for meme coins

    Shiba Memu is a new cryptocurrency that combines the increasingly powerful artificial intelligence (AI) narrative and blockchain to bring a unique approach to crypto memes. The native token SHMU, launched on the Ethereum blockchain, will have a supply of 1 billion tokens, 85% of which is available to the community via a presale.

    With AI at the heart of this new meme coin, the idea of a self-sufficient crypto ecosystem is envisioned. The Shiba Memu whitepaper outlines a project that’s unlike other meme coin projects – one that’s leveraging AI technology to create a powerful marketing system that doesn’t rely on celebrity or influencer hype to gain traction.

    The AI dashboard will take care of this, with SHMU holders benefiting from additional utility as token staking and provision of liquidity to the Shiba Memu pool.

    Dogecoin price: DOGE outlook as daily transactions sink

    Dogecoin leads meme cryptocurrencies with a market cap of nearly $8.2 billion. DOGE’s status as the sector’s OG has seen it attract support from among others, Tesla CEO and X (formerly Twitter) owner Elon Musk.

    However, the cryptocurrency has struggled to break to the coveted $1 level – its all-time high of $0.73 was reached in May 2021. Currently, Dogecoin price has settled below $0.58 with the 5.6% dip in the past 30 days indicative of this fact. It an outlook that echoes Bitcoin’s recent lull since the breakdown from $30k.

    One indicator of the performance over the past few weeks is the 7-day average of Dogecoin’s daily transactions. According to on-chain data, the network has been recording an average of 37.3k daily transactions — which IntoTheBlock says shows a sharp decline from highs of 2.1 million in June and “a secondary spike of 616k in July.”

    Is Dogecoin going to see a surge network activity as was seen in the previous quarter? And can this be reflected in DOGE price? 

    The current outlook suggests this scenario is possible, with investors likely to watch out for an upcoming event around the dog meme that inspired Dogecoin’s creation. That event is scheduled for November 2. If price picks up in a bull market amid other positive triggers, the key short term target remains $1.

    Shiba Memu price: can SHMU reach $1 in 2024?

    As noted, Shiba Memu has attracted over $3.8 million from global investors since its presale went live. The presale price has increased daily at 6 pm GMT, a novel approach that has seen the participation spike as early birds scoop SHMU at what’s likely to be bargain buys.

    Price is set to jump from today’s $0.0334 to the final presale price of $0.0379. When the tokens launch on crypto exchanges, increased demand could unlock upside moves similar to what has greeted other meme coins in the market.

    If Shiba Memu does a 2x after its launch, that could push its price to above $0.1. Then, with projections for crypto and AI huge going into 2024, SHMU could trade higher and target the $1 level. However, this could depend on prevailing market conditions and other factors specific to the project.

    To buy Shiba Memu or learn more, visit the project’s presale page.

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  • Billionaire Paul Tudor Jones picks Bitcoin over stocks

    Billionaire Paul Tudor Jones picks Bitcoin over stocks

    paul tudor jones picks bitcoin over stocks
    • Paul Tudor Jones expects a recession in the first quarter of 2024.
    • He also expects the Israel-Palestine war to make stocks less attractive.
    • Bitcoin has a history of doing well in the midst of political uncertainty.

    Bitcoin is still down 13% versus its year-to-date high but Paul Tudor Jones remains bullish as ever on the world’s largest cryptocurrency.

    Paul Tudor Jones expects BTC to do well in a recession

    The billionaire hedge fund manager is constructive on Bitcoin primarily because he sees a recession ahead. The Founder of Tudor Investment also expects the Israel-Palestine war to make stocks less attractive.

    Ongoing conflict in the Middle East has already claimed close to 2,000 lives. According to Paul Tudor Jones:

    I think Bitcoin and Gold take on a larger percentage of your portfolio than historically they would because of a challenging political time in the U.S. and geopolitical situation.

    Bitcoin has a history of performing well in the midst of political uncertainty – be it related to the Ukraine war or the recent elections in Turkey.

    Why else is the billionaire constructive on Bitcoin?

    On CNBC’s “Squawk Box”, Paul Tudor Jones said the inverted yield curve was a signal of a recession ahead that he believes will materialise in the first quarter of 2024.

    The billionaire hedge fund manager first invested in Bitcoin at the start of the pandemic and holds some of it to date.

    He’s bullish on the cryptocurrency also because of a decline in the U.S. fiscal position. At 122%, the debt-to-GDP in the United States is currently at its worse since the World War II.

    Last month, U.S. lawmakers urged the Securities & Exchange Commission to “immediately” approve applications for a Spot Bitcoin ETF. Plus, total supply of the cryptocurrency is scheduled to halve in April of 2024. Both these events could translate to a rally in BTC as well.

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  • Bitcoin’s dominance level now above 50% as altcoins underperform

    Bitcoin’s dominance level now above 50% as altcoins underperform

    Key takeaways

    • Bitcoin’s market dominance now stands above 50% as Ether and other major altcoins underperform.

    • The broader crypto market is currently bearish due to the geopolitical uncertainty in the Middle East.

    Bitcoin’s market dominance now stands at 50.3%

    Bitcoin, the world’s leading cryptocurrency by market cap, has seen its market dominance increase in recent years. BTC’s market dominance now stands at 50.3%, a three-month high for the cryptocurrency.

    This latest cryptocurrency news comes as Ether and other major cryptocurrencies have underperformed in recent days. Ether has seen its market dominance decline from 19% to around 17% over the last few months. 

    Ether’s market dominance has been declining despite the Ethereum Merge upgrade going live a few months ago. Ether has underperformed compared to Bitcoin since Ethereum transitioned into a proof-of-stake protocol. 

    Altcoins have been facing massive pressure from sellers in recent days. However, analysts believe that Bitcoin held its support above $27k.

    If Bitcoin breaks past the $28k resistance level, it might rally above the $30k level in the near term.

    Altcoins might face further selling pressure in the short term if the current trend is sustained. BNB and XRP have maintained their market dominance level of around 3% and 25%, respectively, over the past six months. 

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