The broader cryptocurrency market has experienced a bearish trend in the last week, with Bitcoin dropping to the sub $25k level. However, the market slightly recovered yesterday, and Bitcoin is currently trading just around $26,500 per coin.
One crypto project that has been underperforming is Shiba Inu (SHIB). The native token of the Shiba Inu ecosystem has lost less than 1% of its value in the last 24 hours, and is currently trading at $0.00000827 per coin. This bearish trend follows a botched launch of Shibarium last week.
Despite this, Shiba Memu’s presale continues to progress excellently. Shiba Memu is a cryptocurrency project that will combine the powers of AI and blockchain technology to positively impact the marketing industry. The presale has been around for nearly two months now, and the team has raised more than $2.2 million in the second stage.
Shiba Memu is launching as a meme token, as the status of meme projects has recently surged. Within two years, the market cap of meme coins has grown from practically $0 to $20 billion. What makes Shiba Memu unique is that it has a real-world utility, as it will be a self-sufficient marketing tool powered by AI technology.
Shiba Memu will allow users to create content and roll out marketing campaigns, as well as consume content and generate better content marketing strategies and campaigns. The funds generated from the presale will be pushed towards developing the Shiba Memu AI technology and other products and services.
Investing in a project during its presale is usually the best decision as it allows investors to get into them earlier than others. If Shiba Memu 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.
At the moment, 1 SHMU = 0.022375 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.
In conclusion, Shiba Memu is an exciting project that could generate a good return on investment if it gains the necessary adoption. The performance of the broader cryptocurrency market could also determine SHMU’s price.
To find out more about Shiba Memu’s presale event, click here.