The broader crypto market rallied over the last 24 hours, but Shiba Inu continues to underperform.
Shiba Memu’s stage two presale has now topped the $2.2 million mark.
The cryptocurrency market experienced a price cash last week that saw Bitcoin drop to the sub $25k level. Since then, the market has been underperforming.
However, the market slightly recovered yesterday, with Bitcoin currently trading just around $26,500 per coin. Despite the market’s bearish trend, Shiba Memu’s presale continues to progress excellently.
Shiba Inu stays around $0.000008
SHIB, the native token of the Shiba Inu ecosystem, has been one of the worst performers so far this week. While the crypto market rallied on Wednesday, SHIB continued its downward trend.
SHIB has lost less than 1% of its value in the last 24 hours and is currently trading at $0.00000827 per coin. The bearish trend came following Shiba Inu’s botched launch of Shibarium last week.
The team said they would be reopening the Shibarium network to the public soon. If that happens and there are no issues, SHIB could rally higher and reach the $0.000009 level in the near term.
What is Shiba Memu?
Shiba Memu is a cryptocurrency project that is currently in its presale stage. The project wants to combine the powers of AI and blockchain technology to positively impact the marketing industry.
With Shiba Memu, it would become easier for people and organisations to create content and roll out marketing campaigns.
According to their whitepaper, Shiba Memu would be designed to handle the tasks of several marketing agencies. Shiba Memu will always be active and will be available to consume content and generate better content marketing strategies and campaigns for companies.
Shiba Memu is launching as a meme token thanks to the recent surge in the status of meme projects. Within the space of two years, the market cap of meme coins grew from practically $0 in 2020 to $20 billion in 2022.
What makes Shiba Memu different from other meme projects is that it has a real-world utility. Shiba Memu can be considered a self-sufficient marketing tool powered by AI technology.
Shiba Memu’s stage two presale hits $2.2M
The recent market turbulence didn’t affect Shiba Memu as its stage two presale continues to hit new highs. The presale has been around for nearly two months now, and the team has raised more than $2.2 million in the second stage.
With more than 70 million tokens sold, the second presale stage could be concluded in the coming days. The team intends to use the funds generated from the presale to develop some of its products and services.
Most of the funds would be pushed towards developing the Shiba Memu AI technology. Shiba Memu will use AI technology to provide exciting marketing services to its users.
Shiba Memu users will also be able to interact with the AI, provide feedback, make suggestions, and ask questions. Hence making it an exciting AI-powered marketing platform.
Click here to find out more about Shiba Memu’s presale event.
Shiba Memu price prediction
Shiba Memu is still in its presale stage, and we can’t accurately predict its price movement in the short term. At the moment, 1 SHMU = 0.022375 USDT.
According to the team, SHMU’s price increases every day at 6 pm GMT. In a few hours, the token will go for 0.022600 USDT. The token began trading at $0.011125 when the presale began and will trade at $0.0244 when the presale ends. Investors can purchase SHMU tokens using Ethereum, USDT, BNB and BUSD
Should you buy Shiba Memu now?
Investing in a project during its presale is usually the best decision as it allows you to get into projects earlier than other investors. The ROI generated during that period usually exceeds what other investors make.
Shiba Memu is an exciting project that will use AI technology and blockchain. If the project gains the necessary adoption, SHMU’s price could rally higher over the next few months and years.
The performance of the broader cryptocurrency market could also determine SHMU’s price. A bullish run in the medium term could see SHMU’s price soar higher.