Friday, 8 December 2023

Crypto News

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

Bitcoin could rally towards $28k as Shiba Memu’s presale approaches $3.5m

 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…

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