Key Takeaways
• Bitcoin has dropped below the $29k level, presenting a buying opportunity for some investors.
• Shiba Memu’s presale has now surpassed the $2 million mark.
The cryptocurrency market has seen a bearish trend this week, with the prices of most coins in the red zone. Bitcoin, Ether, XRP, and SHIB have all lost more than 2% in the past 24 hours, giving investors an opportunity to purchase more cryptocurrencies.
Bitcoin has dropped below the $29k level, with the price currently standing at $28,479 per coin. The other leading cryptos have experienced similar losses, with the market seemingly heading towards a short-term downward trend.
Despite this, Shiba Memu’s presale has hit a new milestone, with investors pledging more than $2 million towards its development.
What is Shiba Memu?
Shiba Memu is a cryptocurrency project that seeks to make it easier for people and organisations to carry out marketing campaigns. As a meme token, Shiba Memu has real-world use cases and provides value to its users.
The stage two presale has raised more than $2 million, with over 65 million SHMU tokens sold so far. The whitepaper indicates that the project combines AI and blockchain technology to create a self-sufficient marketing powerhouse.
Shiba Memu will execute the work of 100 marketing agencies, leveraging AI to provide users with operational transparency. The platform will work 24/7 to identify ideal creative scenarios and promote itself on social media platforms. It currently operates on BNBChain and Ethereum.
Should you invest in Shiba Memu today?
The cryptocurrency market has been bearish in recent weeks, but investors are still showing interest in Shiba Memu. Funds generated from the presale will be used to develop the AI technology for the project.
Shiba Memu could be worth considering, as it combines the power of blockchain and AI. It looks to ease marketing strategies for companies and organisations, and if it proves successful, its SHMU token could rally higher in the future.
