is the altcoins season here?

Key takeaways

• XRP, XLM and LINK added more than 20% to their values over the past seven days, outperforming Bitcoin. 

• Shiba Memu has now raised more than $1 million in its presale.

XRP, XLM and LINK have been the best performers amongst the top 50 cryptocurrencies by market cap over the past few days. 

Their performance has seen Bitcoin’s dominance drop below the 50% mark. Investors are now speculating whether the altcoins season is here, with altcoins outperforming Bitcoin since the start of the month.

XLM, XRP, and LINK lead the altcoins rally

XRP, the native coin of the Ripple ecosystem, has been the biggest winner so far this month. XRP added more than 70% to its value since the start of the month, thanks to a favourable ruling in the Ripple vs. SEC case. 

Stellar Lumen’s XLM also rallied by more than 50% this month, thanks to XRP’s positive performance. With XRP not considered a security, XLM became bullish as it is XRP’s major competitor in the market. 

LINK, the native coin of the Chainlink blockchain, also rallied by more than 20% this week. The rally was fueled by Chainlink’s release of its CCIP protocol as it expanded its base within the ecosystem. 

With altcoins outperforming Bitcoin in recent weeks, market participants could be wondering whether the altcoins season is finally here.

Shiba Memu’s presale also continues to set new records. The team has now raised more than $1 million, with only 36,406,652 tokens left in this presale round. 

What is Shiba Memu?

Shiba Memu is a meme coin project that seeks to differ from the current crop of meme coins found in the cryptocurrency space by offering more value to users. 

While the project is still in its presale stage, its promised utility has seen investors grab more than $1 million worth of its native SHMU token. 

According to their whitepaper, Shiba Memu is a cryptocurrency that combines AI and blockchain technology to develop an unstoppable, entirely self-sufficient marketing powerhouse.

The team revealed that Shiba Memu has the capacity to execute the work of 100 marketing agencies. Furthermore, Shiba Memu is an active AI-based platform, providing users with the transparency of blockchain technology and the efficiency of AI. 

If deployed, the Shiba Memu platform actively engages to find the best work going on in creative advertising, consumes the work…