Cryptocurrency prices have been in a state of stagnation for the past few weeks, as investors turn to stocks and other safe-haven investments such as short-term bonds and money market funds. The market cap is still above $1 trillion, but the price of a single coin has been stuck between $25k and $30k.
However, not all cryptocurrencies have been affected by the consolidation phase. Loom Network, for example, has seen an unprecedented surge of 500%, making it the 92nd largest cryptocurrency in the world. This was followed by the listing of the coin on a major exchange, which led to the start of the “markup” stage, where demand outstrips supply.
Another one of the top movers this week was Liquity, a platform that runs the Liquity stable coin, LUSD. The coin’s price has risen to $1.35, which is higher than its low of $1.35 last month. This is largely attributed to the increased activity in the Liquity ecosystem, where users who invested in the protocol in the last 30 days have earned over 625k dollars.
Shiba Memu token has also continued its successful token sale, having raised more than $3.8 million so far. It is now one of the most successful token sales in the world. The coin combines two of the most popular technologies on the market, artificial intelligence and the meme coin. Artificial intelligence is seen as the most disruptive technology of the future, and Shiba Memu will be using AI-based tools such as image and data analysis, predictive modelling and data analysis to create a meme that will evolve over time and market itself.
Investment in Shiba Memu is seen as a way to make money when the company is listed on major exchanges. You can buy the Shiba Memu token here.