Friday, 19 July 2024

Crypto News

Shiba Memu’s presale eyes the $5M mark: Is the memecoin a good buy at the moment?

Presale of the new AI-based Shiba Menu project attracting huge investor attention

Key takeaways

  • The crypto market has underperformed this week but Shiba Memu’s presale is closing in on a new milestone.

  • The presale is close to raising $5 million to allow the developers to work on their products.

The cryptocurrency market is experiencing a correction this week, with prices of most coins and tokens down by more than 5%. However, that hasn’t halted the Shiba Memu presale as it continues to reach new heights.

Bitcoin slips below $41k 

Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming since the start of the week. It lost more than 6% of its value this week and temporarily dropped below the $41k region. At press time, the price of Bitcoin stands at $41,118 per coin.

The market is undergoing a correction and market analysts believe that it could recover soon. The dips are considered as buying opportunities for traders. For investors looking to enter the market, tokens in presale are an excellent way to do so and Shiba Memu is one of the leading meme project presale currently available. 

What is Shiba Memu?

Shiba Memu is a new meme coin project that is gaining traction amongst investors. The interest comes as meme coins like Dogecoin, Shiba Inu, and PEPE continue to dominate the market.

The Shiba Memu presale has surpassed $4.7 million and is now eyeing the $5 million milestone as more investors continue to pour in. 

The project intends to help individuals and organisations handle marketing campaigns. According to their whitepaper, the Shiba Memu platform will leverage blockchain and AI to offer marketing services to users.

By using AI and blockchain technology, Shiba Memu is working to become a powerful marketing tool for users. With this platform, users can carry out a wide range of marketing activities. 

The use of AI would also Shiba Memu to operate 24/7. It would also identify ideal creative scenarios and come up with high-end marketing campaigns for users. 

Per the team, it intends to take full advantage of the hype around meme tokens. Meme coins have become important in the crypto industry, growing from a market cap of $0 in 2019 to $35 billion in 2023. 

However, Shiba Memu intends to be a different meme token as it would offer real-world utility to users. Its AI technology will help users develop their marketing strategies, write their PRs, and promote their services and products on relevant forums and various social media platforms. 

Shiba Memu will only be available to users on the BNBChain…

Click Here to Read the Full Original Article at CoinJournal: Latest Bitcoin, Ethereum & Crypto News…