Key takeaways
Bitcoin has dropped beneath the $29k stage, presenting a buying opportunity for some buyers.
Shiba Memu’s presale has now surpassed the $2 million mark.
The cryptocurrency market has been bearish this week, with the costs of most cryptocurrencies at present within the crimson zone.
Bitcoin, Ether, XRP, and SHIB have all misplaced greater than 2% of their values this week and will expertise additional downward motion within the quick time period.
Bitcoin drops beneath $29k stage
Bitcoin has dropped beneath the $29k stage because the cryptocurrency market recorded large losses over the past 24 hours. At press time, the price of Bitcoin stands at $28,479 per coin.
The different main cryptocurrencies together with ETH, SOL, SHIB, and XRP all recorded huge losses over the previous few days. The decline in costs might function an opportunity for buyers to buy extra cryptocurrencies.
Despite the bearish sentiment available in the market, Shiba Memu’s presale has hit a new milestone. The crew has now raised greater than $2 million in this presale spherical.
What is Shiba Memu?
Shiba Memu is a cryptocurrency undertaking that seeks to make it simpler for individuals and organisations to hold out advertising campaigns. Although it’s a meme coin, Shiba Memu has real-world use circumstances and presents worth to the customers.
It remains to be in its presale stage however Shiba Memu holds promise, with buyers already pledging tens of millions of {dollars} to the undertaking’s improvement.
So far, the Shiba Memu stage two presale has raised greater than $2 million, with over 65 million SHMU tokens offered thus far.
In their whitepaper, the Shiba Memu crew stated the undertaking combines AI and blockchain know-how to develop an unstoppable, solely self-sufficient advertising powerhouse.
Shiba Memu can execute the work of 100 advertising businesses due to the way it leverages AI. As an AI-based platform, Shiba Memu will present customers with operational transparency due to its use of blockchain know-how.
If deployed, Shiba Memu will work 24/7 to determine superb artistic situations and work around the clock to develop wonderful advertising campaigns.
The undertaking was launched as a meme coin because the crew determined to make the most of the current recognition of meme tokens. Meme cash have turn into essential within the crypto ecosystem, rising from a market cap of $0 in 2019 to $20 billion in 2022.
With Shiba Memu, the platform has self-sufficient advertising capabilities powered by AI know-how. When deployed, Shiba Memu will develop its personal advertising methods, write its personal PR, and promote itself in related boards and varied social media platforms.
Currently, Shiba Memu operates on BNBChain and Ethereum, two of the main DeFi blockchains on the earth.
Shiba Memu’s presale hits $2 million
The cryptocurrency market has been bearish in current weeks however that hasn’t deterred buyers from investing in initiatives.
Shiba Memu’s stage two presale not too long ago hit an essential milestone. The crew has raised greater than $2 million in this present presale spherical and will attain its goal very quickly.
Shiba Memu has been attracting curiosity from buyers regardless of the present market situations. Funds generated from the assorted presale rounds could be diverted in direction of creating the Shiba Memu merchandise. The crew will use many of the funds to develop the Shiba Memu AI know-how.
Click here to search out out extra about Shiba Memu’s presale occasion.
Should you put money into Shiba Memu as we speak?
The cryptocurrency market has underperformed this week, with the costs of most cash within the crimson zone. The current bearish development might function an opportunity for buyers to purchase extra cryptocurrencies.
As buyers proceed to look for worthwhile initiatives, Shiba Memu might be one to contemplate. By combining the facility of blockchain know-how and AI, Shiba Memu might transform a distinctive undertaking. The platform will look to ease advertising methods for firms and organisations.
With the precise stage of adoption, its native SHMU token might rally larger over the approaching months and years.
