bitcoinlfg

Tag: Memu

  • Shiba Memu price forecast after presale extension

    Shiba Memu price forecast after presale extension

    • Shiba Memu presale was extended for the second time, with the final date now December 30.
    • Interest in the project has been huge, with over $4.37 million raised so far.
    • The Shiba Memu price could rise sharply when the token launches on top exchanges next year.

    Crypto traders and investors are sizing up the market for what could be defining opportunities in this bull cycle. Although the flagship cryptocurrency Bitcoin is expected to lead the new bull market, a few projects are emerging to challenge established altcoins for the breakout coin or token this cycle.

    One of these could be Shiba Memu (SHMU), whose presale just got extended as demand pushed total investment raised to over $4.37 million.

    What is Shiba Memu?

    Shiba Memu seeks to become one of the top cryptocurrencies in the market when it launches next year. Per the project’s whitepaper, the new meme coin has integrated AI to create a marketing powerhouse.

    In this case, Shiba Memu will have a 24/7 marketing approach, with natural language processing and predictive analytics part of the technology that will drive the AI dashboard. Other than publishing its own press releases and feeding these to relevant forums and social media platforms, the AI dashboard will continuously adjust to better its performance.

    Token holders will also be able to engage with the AI dashboard directly, providing feedback and suggestions that the robotastic dashboard will act upon to the benefit of the network.

    Shiba Memu presale extended

    The Shiba Memu network is powered by SHMU, which, while it falls under the category of meme coins like Dogecoin and Shiba Inu, comes equipped with key features like staking to add to the overall utility. Early bird investors have a chance to buy this token during its presale.

    Although an earlier extension had the Shiba Memu presale penned for an October 31 close, demand from across the market has seen this now extended to December 30. It means SHMU will be available at the likely low prices of the sale offer for another 60 days.

    An announcement from the team posted on X on October 31 notes that this wasn’t “just another extension,” but a “strategic move” aimed at positioning SHMU for potential listing on Tier 1 exchanges. It also allows the project to fortify its community, a crucial cog for any project.

    Shiba Memu price prediction

    The Shiba Memu whitepaper earmarks 85% of the total supply of 1 billion SHMU tokens for presale. At its launch, the token’s presale price was $0.011125, and has an innovative feature that sees a daily increase at 6 pm GMT. It means investors could see how long they had before the next price spike.

    Currently, SHMU is priced at $0.039250 and is expected to hit $0.039475 in the next stage. This systematic approach to daily pricing will continue until December 30.

    Analysts project the cryptocurrency’s price could then rise significantly when the token lists on major exchanges. For instance, this outlook could be strengthened if a tier 1 exchnage like Binance were to list SHMU – a move that has recently seen Memecoin (MEME) and Ordinals (ORDI) prices skyrocket. 

    Notably, bullish forecasts for SHMU are based on several critical factors, including the AI narrative, expected crypto bull market and Shiba Memu’s innovative approach to meme coins.

    A similar prospect for Shiba Memu could mean a spike above $0.1 after the tokens hit the secondary market. If it happens, the $0.5-$1.00 price range in the second half of 2024 might be possible.

    Share this article
    Categories
    Tags



    Source link

  • Shiba Memu close to $4M presale as FOMO kicks in

    Shiba Memu close to $4M presale as FOMO kicks in

    • Investor FOMO drives Shiba Memu to $4 million presale
    • What makes Shiba Memu unique compared to other meme tokens?
    • Is Shiba Memu a good investment?

    Shiba Memu extended its presale after an initial offering saw massive demand from an excited community. Now with cryoto in bullish mood and the presale extension nearing a close, the fear of missing out on what could be a great investment opportunity is driving new interest. 

    Shiba Memu presale near $4 million

    While speculation on what Shiba Memu can achieve is likely behind part of the early enthusiasm about this project, most of it could be down to what makes it unique from other meme tokens.

    Global investors keen to diversify their portfolios with this token have poured millions into the project via the Shiba Memu (SHMU) presale. Having launched for an initial 60 day period in July, the Shiba Memu team moved to extend the offering to October 31. 

    The new timeline has accorded interested investors an opportunity to buy SHMU.

    As of today, the countdown to the presale is down to seven days. Evidently, FOMO has kicked in and as the programmed daily price increases move towards the final offer price of $0.0379, the total amount raised could be well above the $4 million mark.

    Data on the official presale page shows investors have allocated $3,996,517 to SHMU positions.

    Why could Shiba Memu be a good investment?

    As a new meme token, Shiba Memu looks to tap into the power of blockchain and artificial intelligence to create a unique crypto project. The whitepaper outlines how it seeks to leverage AI to create a marketing powerhouse and self-sufficient ecosystem.

    Unlike other tokens that rely on hype generated by influencers and celebrities to gain traction, Shiba Memu will create its own 24/7 marketing machine, underpinned by its AI dashboard. Analysts say this outlook has the capacity to see the native SHMU token eventually overtake leading meme coins in the market.

    This possibility begins when Shiba Memu’s presale ends and SHMU begins to list on some of the world’s largest cryptocurrency exchanges. According to the roadmap, this is expected to roll out in the first quarter of 2024, with BitMart already snapped as the first CEX partner.

    Key Shiba Memu developments lined up

    As the trading support unlocks token utility and helps bulls push higher amid price discovery, the AI marketing tool will launch in the following quarter. Machine learning, launch of the AI dashboard and integration with decentralised applications (dApps) will follow as the market moves deeper into the expected bull market period.

    Community engagement via these developments could put SHMU in the mix as likely revelations among the next bull cycle gems. The FOMO currently being witnessed will only intensify as investors recall the staggering gains tokens like Shiba Inu and Pepe notched during their respective market debuts.

    It means taking a bid during the presale could offer the best route to better returns should the Shiba Memu token rally.

    Share this article
    Categories
    Tags

    Source link

  • 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.

    Share this article
    Categories
    Tags



    Source link

  • Shiba Memu shines as investor buying power hits 6-month high

    Shiba Memu shines as investor buying power hits 6-month high

    • Shiba Memu presale has hit $3.6 million as more investors buy into AI meme coin.
    • Meanwhile, stablecoin on exchanges is at a 6-month high, led by massive whale deposits.
    • What does spike in exchange buying power means for crypto, Shiba Memu?

    Although the crypto market is still largely in the accumulation phase amid the latest price movement, analysts are pointing to on-chain data to suggest a bull run might not be that far off. That has to do with an uptick in exchange holdings of the stablecoin Tether (USDT), a metric that has historically coincided with fresh opportunities for crypto investors.

    What does this strong bullish flip mean for Shiba Memu, a new crypto project that has raised nearly $3.6 million in its recently launched presale?

    Investor buying power jumps 7%, what it means

    As Bitcoin broke above $28k earlier this week, on-chain data shared by market intelligence platform Santiment pointed to a significant change in investor sentiment. This is down to the amount of Tether on exchanges, which data shows recently hit a six month high. The exchange buying power increased 7% from roughly 17.6% to 24.7%.

    It’s an increase that points to a spike in stablecoin buying power, often an accumulation phase that precedes a fresh entry into the market. A sharp rise in exchange buying power, which takes shape with whales in the forefront, tells the market investors know it’s time to buy the dip.

    “The 10 largest addresses have also upped their $USDT holdings from $7.30B to $9.42B in 3 months,” Santiment wrote on X (formerly Twitter). It’s an outlook that suggests the next market dip could be significant, although that’s when investors seize on the opportunity to buy at discount prices.

    Often, BTC and ETH are top buys when prices crash. XRP and Polygon, two altcoins that are seeing month-high volumes driven by various factors, could be at the top of many investors’ watchlists.  However, as investors have always eyed the next bull market gem – one of the projects attracting most attention in Shiba Memu.

    Shiba Memu – marrying meme with AI

    Shiba Memu is a project that seeks to bring the benefits of artificial intelligence to the meme coin world.

    Dogecoin, Shiba Inu and other leading meme tokens have one feature in common – the inordinate reliance on human marketing effort to feed into the hype that drives traction. Shiba Memu stands out on this aspect among its would-be memesphere competitors. Mainly, it’s the AI-driven project’s leveraging of the new technology to create a marketing powerhouse that doesn’t rely on human effort.

    Apart from that, value for the community will be enhanced by functionality such as staking and interaction with decentralised applications (dApps).

    How does Shiba Memu work?

    Natural language processing, machine learning, predictive analytics and image/video recognition are among trends that define the project’s selling point. AI algorithms will be used to create a self-sustaining marketing machine, feeding on the meme-inspired world to drive adoption for SHMU.

    This will be achieved via a unique AI dashboard that will among other features offer direct interaction between the meme genius and Shiba Memu holders. Feedback and suggestions incorporated from users will give them a chance to earn extra SHMU.

    AI narrative – mainstream adoption is here

    One of the major venture funding developments this week has been the news that artificial intelligence startup Anthropic is looking to raise $2 billion from investors, led by Google. Reported by The Information, the details emerge just days after ecommerce behemoth Amazon.com Inc. said it would invest up to $4 billion in the OpenAI rival.  

    According to the report, Anthropic’s latest funding could see the company valued at $30 billion, a prospect that has ignited interest in AI following the high expectations championed by Microsoft, Nvidia and Palantir among others.

    Elsewhere is the continuing adoption of crypto and blockchain that has investor optimism on the industry’s future at new highs. Shiba Memu’s AI-powered project sits nicely at the intersection of these two technological developments.

    Indeed, interest in this AI-powered meme token has seen its presale attract remarkable investment from around the globe. Currently, that amount stands at $3.6 million and more will likely seek this early-bird opportunity.

    Learn more about Shiba Memu from its whitepaper or by joining the presale here.

    Share this article
    Categories
    Tags



    Source link

  • Should Investors Buy More Shiba Memu Tokens

    Should Investors Buy More Shiba Memu Tokens

    TL;DR

    The cryptocurrency market has been bearish over the weekend. The prices of Bitcoin and other cryptocurrencies are in the red zone as sellers continue to be in firm control of the market.

    However, Shiba Memu’s presale continues to break records and has now surpassed the $3.2 million mark. 

    Bitcoin drops to the $26k level

    Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming over the last few hours. It has lost more than 1% of its value today, with the bears in control of the market. At press time, the price of Bitcoin stands at $26,161 per coin. 

    The other leading cryptocurrencies, including ETH, SOL, SHIB, and XRP, are all trading in the red zone. The decline in prices could serve as an opportunity for investors to invest in more projects. 

    The bearish sentiment hasn’t affected Shiba Memu’s presale as it hit a new milestone. This presale round has now generated more than $3 million. 

    What is Shiba Memu?

    Shiba Memu is a meme token project that wants to ease the way people and organisations handle marketing campaigns. The project is leveraging the powers of blockchain and AI technologies to offer real-world value to users. 

    While the project is still in its presale stage, investors have already pledged millions of dollars to the development of its products. At the moment, the Shiba Memu stage two presale has raised more than $3 million. 

    According to their whitepaper, Shiba Memu will use blockchain and AI to develop an unstoppable, entirely self-sufficient marketing powerhouse. The platform can handle the work of 100 marketing agencies with the help of AI. 

    Users who deploy Shiba Memu will have the platform working 24/7 for them to identify ideal creative scenarios and develop excellent marketing campaigns. 

    Shiba Memu is launching as a meme project thanks to the rise in the popularity of meme tokens in recent years. Meme coins have become important in the crypto industry, growing from a market cap of $0 in 2019 to $20 billion in 2022. 

    Shiba Memu will be a step above most meme projects as it will offer users real-world use cases. Shiba Memu will be able to develop its own marketing strategies, write its own PR, and promote itself in relevant forums and various social media platforms.   At the moment, Shiba Memu operates on BNBChain and Ethereum.

    Shiba Memu’s presale surpasses $3 million

    The crypto market has been bearish over the weekend, but that hasn’t stopped investors from seeking out quality projects. Shiba Memu’s stage two presale recently hit an important milestone. The project has raised $3.2 million in this current presale round and could reach its target very soon. 

    Funds generated from the numerous presale rounds would be used to develop the Shiba Memu products. Most of the funds would be allocated to the development of the Shiba Memu AI technology. 

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

    Should you invest in Shiba Memu today?

    The cryptocurrency market began the week in a bearish mode, and this has created investment opportunities for investors. As investors continue to search for excellent projects, Shiba Memu could be an excellent choice. 

    Shiba Memu will be combining the powers of AI and blockchain technologies to develop an excellent marketing platform. The platform will look to ease marketing strategies for companies and organisations. 

    Shiba Memu’s SHMU token could be a leading meme token with the right level of adoption. 

    Share this article
    Categories
    Tags

    Source link

  • Shiba Memu, Hifi finance, and Bitcoin price prediction

    Shiba Memu, Hifi finance, and Bitcoin price prediction

    • $26,500 level holds the potential to serve as a pivotal point for Bitcoin price.
    • According to market analysts, Hifi Finance could hit the highest price of $1.0.
    • At press time, one Shiba Memu (SHMU) coin was going for 0.028225 USDT.

    The crypto market is once again on a bull cycle after a brief bear market that saw Bitcoin briefly drop below $25,000. As the crypto market rallies a number of cryptocurrencies among them Hifi Finance, Bitcoin, and Shiba Memu are trending.

    Shiba Memu, a new cryptocurrency project is riding the meme coins and artificial intelligence wave. Alhough its first target is to contend the top position among meme coins, the coin will most likely be among the top cryptocurrencies by the end of 2023 going by the way investors are trooping to the project.

    Shiba Memu is currently in the presale phase and it has already raised $2,931,352.80. Besides using AI to market itself, the price of Shiba Memu (SHMU) beeps adjusting upwards every few hours, which could be a great proposition for investors.

    Bitcoin price prediction

    Upon conducting a thorough technical analysis of Bitcoin’s current position, it reveals a prudent inclination towards a bearish trend. At present, Bitcoin finds itself positioned slightly above the $26,500 support level, which was once a formidable resistance. It maintains a relatively stable position just above the $26,800 resistance, indicative of a potential formation of a double-top pattern.

    Bitcoin price chart

    An important feature to note is the presence of a descending trend line at approximately $26,750, which could act as a restraining factor for Bitcoin’s upward trajectory. Should Bitcoin manage to breach this trend line, it may set its sights on the $27,000 level. Beyond this threshold, the $27,600 level looms as a significant resistance, and surpassing it could potentially open the path towards the coveted $28,000 milestone.

    Conversely, if Bitcoin fails to overcome the $26,750 trend line, it might retrace its steps towards $26,600 or, in a more bearish scenario, revisit the $26,000 support level. Such a retracement could trigger heightened selling pressure, potentially leading to a decline in price to around $25,250.

    Importantly, various technical indicators, including the 50-day exponential moving average and the relative strength index, signal the possibility of a forthcoming bullish momentum. Investors should maintain a vigilant watch on the $26,500 level, as it holds the potential to serve as a pivotal point. Prices surpassing this level could indicate favorable buying signals, while prices below it might suggest a tendency towards sell signals.

    Looking ahead to the upcoming week, several pivotal economic events are poised to exert influence on Bitcoin’s price dynamics, given the cryptocurrency’s correlation with macroeconomic factors. On Wednesday, September 20th, all eyes will be on the Federal Reserve as it releases its Federal Funds Rate, which is presently set at 5.50%. Simultaneously, market observers will eagerly anticipate the FOMC Economic Projections, FOMC Statement, and the ensuing FOMC Press Conference scheduled for 18:30. The stance adopted by the Federal Reserve, whether dovish or hawkish, can potentially trigger significant volatility in traditional markets, a phenomenon that often cascades into the cryptocurrency market.

    Moving to Thursday, September 21st, this day will bring forth Unemployment Claims data, with analysts predicting a slight increase to 222,000 from the previous figure of 220,000.

    Concluding the week on Friday, September 22nd, we will witness the release of the Flash Manufacturing PMI and Flash Services PMI, projected to be at 47.9 and 50.8, respectively. These indices offer valuable insights into the overall economic health and, if they deviate significantly from expectations, they can indirectly influence Bitcoin’s price by affecting market sentiment.

    Hifi finance price prediction

    Hifi Finance (HIFI) experienced a sharp decline in price following an impressive seven-day rally that had long been anticipated by token holders, ending a period of extended consolidation. This surge and subsequent drop occurred while Bitcoin (BTC) prices remained relatively stable, leaving the broader market yearning for a catalyst. In the midst of this, analysts suggest that the current environment is conducive for investing in alternative cryptocurrencies (altcoins).

    Hifi Finance’s price exhibited substantial volatility during this period. Over the past week, Hifi Finance (HIFI) witnessed an astounding 362% surge against the Tether (USDT) stablecoin on the Binance Exchange, concluding the trading session on September 16 at $2.320. This surge followed its breach of the psychologically significant $2.5000 level, reaching an intraday peak of $2.635.

    The sudden rise in Hifi Finance’s price was closely linked to a significant surge in trading volume on the Korean exchange Upbit. Upbit Korea accounted for approximately 65% of the total trading volume for the asset on that Saturday, with Wu Blockchain reporting a remarkable 208% increase in trading volume. It was noted that Upbit led the way in spot trading, accumulating up to $717 million in trading volume over the previous 24 hours. However, the price experienced a substantial decline of around 40% within the last day, triggered by Binance’s introduction of the HIFI perpetual contract.

    Notably, there was a noteworthy discrepancy between the prices of HIFI in the futures market and the spot market. HIFI futures were trading at a -40% premium compared to spot prices, a rare and perplexing phenomenon that raises concerns about the dynamics of Hifi Finance’s price.

    A perpetual contract, similar to a futures contract, is a derivative instrument but lacks an expiration date. It represents an agreement between two parties to buy or sell an asset at a fixed price without a specified expiry date. This allows traders to speculate on the asset’s value using leverage without the need to worry about their contracts expiring. While perpetual contracts offer the potential for amplified profits, they also carry the risk of rapid liquidation of traders’ positions if the asset’s price experiences a significant drop.

    The decline in HIFI’s price on Binance following the introduction of the perpetual contract can be attributed to several factors. Perpetual contracts provide increased liquidity, tighter spreads, and resistance to market manipulation, making them an attractive choice. It’s worth noting that Korean traders have been associated with pump-and-dump practices in the past. CryptoQuant CEO Ki Young Ju pointed out that this behavior may be influenced by the region’s strict capital controls, which limit arbitrage opportunities between global exchanges.

    Share this article
    Categories
    Tags



    Source link

  • Price prediction for Kaspa, Hedera and Shiba Memu

    Price prediction for Kaspa, Hedera and Shiba Memu

    • Kaspa (KAS), Litecoin (LTC) and Tron (TRX) are among top gainers today as crypto markets eye a rebound.
    • But Hedera and Shiba Inu, one of the most popular crypto meme coins, has suffered notable declines in the past 24 hours.
    • New meme coin Shiba Memu has raised over $2.16 million in its presale as AI drives interest.

    The crypto market is still searching for a sure footing amidst a tricky terrain wrought with likely traps. Last week’s sharp sell-off that crashed Bitcoin to lows of $25k and Ethereum to under $1,600 has many token trading at or below key levels, with the likes of XRP leading a weekend bounce that has seen Kaspa, Litecoin and Tron among top gainers early Monday.

    Elsewhere, Hedera’s outperformed in recent days but it’s among top losers in the past 24 hours. Shiba Inu price has declined further as the troubled launch of Shibarium adds to the downside pressure.

    While analysts are bullish on crypto long term, here’s the short term outlook for Kaspa, Hedera as well as overview of Shiba Memu. 

    Kaspa price prediction

    Kaspa has posted a significant uptick, rising 5% in the past 24 hours to trade above $0.043. But while the GHOSTDAG proof-of-work cryptocurrency is up on the day, price remains 16% off its recently reached all-time high above $0.051.

    Zooming out, we see a recently formed cup and handle pattern. KAS has performed a breakout and retest of the support area and could embark on another upward break. The daily stochastic RSI also shows bullish divergence.

    If price breaks higher, bulls should be able to test resistance in the $0.046-$0.050 zone.

    Hedera price prediction

    The price of HBAR, the native token of the decentralised public blockchain Hedera, has declined 3% in the past 24 hours. However, despite paring gains, HBAR price is nearly 15% up in the past month.

    As highlighted here, HBAR gained some momentum after FedNow added Hedera micropayments platform Dropp Inc. The positive outlook for the token remains if bulls prevent a decline below the crucial technical level of $0.060. 

    Despite declines, HBAR remains in an ascending channel. Resistance is likely at $0.064, with immediate targets including $0.077 to $0.085. On the flipside, the area around $0.054 becomes a “must-defend” for bulls.

    What is Shiba Memu?

    Shiba Memu, a new artificial intelligence powered cryptocurrency, is nearing the final phase of its hugely successful token presale. The meme coin looks to leverage natural language processing, predictive analytics and image/video recognition to build a self-sufficient protocol driven by an AI dashboard and native token dubbed SHMU.

    The new meme dog coin is expected to hunt down rivals via a marketing strategy comparable to 100 marketing agencies, thanks to AI. Interest in SHMU and its potential as an investment has seen investors pour over $2.16 million into the token sale. 

    Learn more here.

    Shiba Memu price prediction

    SHMU price has increased from $0.011125 to currently $0.021700. An interesting fact about Shiba Memu presale is its pre-programmed increases that take place every day at 6pm GMT. Investors knowing this offers a clarity of what to expect.

    The expected price increase will take the value of SHMU during the offer to $0.024400. BitMart is already one of the exchanges expected to list SHMU, and demand when tokens launch on more crypto exchanges could help push prices higher.

    It’s a scenario that could see SHMU prices explode to $0.1 when the AI dashboard goes live. The bullish outlook strengthens if crypto’s next bull cycle comes into play.

    However, the short term picture is one where investors are likely to pay attention to the regulatory environment – particularly around the US Securities and Exchange Commission (SEC). One key segment being watched is the potential approval of Ethereum Futures ETFs and spot Bitcoin ETFs. The progression of the SEC vs. Ripple lawsuit is another, while traders will be mindful of the macro environment.

    A bullish combination of these factors could be crucial for cryptocurrencies, including Shiba Memu.

    Share this article
    Categories
    Tags

    Source link

  • Shiba Memu presale hits $2.1M as Shiba Inu’s Shibarium faces challenges

    Shiba Memu presale hits $2.1M as Shiba Inu’s Shibarium faces challenges

    • The highly-anticipated Shibarium layer-2 network is having problems with its bridge contract.
    • Approximately $1.7 million worth of Ethereum is currently stuck on the bridge contract.
    • Shibarium launch was expected to add some impetus to the price of SHIB but that has not happened.

    The much-hyped layer-2 network of Shiba Inu, Shibarium, is having significant problems a day after its launch. The network was expected to turn the tables of the SHIB token, which has been under bearish pressure for the last seven days; but that has not been the case. The token has dropped by over 10% since the Shibarium went live.

    But as the future of Shiba Inu hangs on tenterhooks, another Shiba-themed meme coin called Shiba Memu (SHMU) is taking the crypto space by storm with its token presale which has hit $2.1 million in a little over a month. Shiba Memu is leveraging the power of artificial intelligence (AI) and the hype around meme coins.

    What is happening with Shibarium?

    According to an analysis of the Shibarium network’s bridge contract, which transfers money from Ethereum to the layer-2 solution, there is currently $1.7 million worth of Ethereum stranded between the two networks.

    The locked status of the funds has been confirmed by the blockchain security team Beosin, who has advised people to stop using Shibarium temporarily.

    In addition to the locked-up tokens, blockchain sleuth ZachXBT highlighted that $762,000 worth of BONE, a Shibarium governance token, was sent to the bridge contract.

    According to the information on BlockScout, only 236 transactions had been validated on Shibarium Network almost two days after the network was launched.

    Some users have pointed out issues with Shibarium’s remote procedure call (RPC) system, which allows access to a network’s server node to communicate with the blockchain.

    The response by Shiba Inu’s developer

    Interestingly, the pseudonymous Shiba Inu developer Shytoshi Kusama repudiated reports that what Shibarium was facing was “a bridge issue.” In a newsletter, Kusama said:

    “Our technical difficulties are due to the massive amount of traffic we experienced within moments on Shibarium,” they said. “The team is working tirelessly to fix the issue and scale so that we can give the ShibArmy the experience they deserve. All funds are safe.”

    A moderator in Shibarium’s Discord also stated that “as a precautionary measure,” admins “have temporarily restricted access to certain channels due to the spread of misinformation and fake websites.”

    What Shibarium’s misfortunes mean for Shiba Memu

    Well, Shiba Inu stands out as a major rival to Shiba Memu and its mishaps could only be translated to mean an advantage to the new Shiba Memu project, which is already on course to become the most popular meme coin project.

    Shiba Memu is a revolutionary token combining AI and the latest technology to create an entirely self-sufficient marketing powerhouse, deviating from the norm of most meme coins which purely depend on community involvement.

    Share this article
    Categories
    Tags



    Source link