Bitcoin Price Rally Expected as Shiba Memu’s Presale Nears $3.5 Million
- The cryptocurrency market is experiencing a positive end to the week, with most coins showing price gains. Bitcoin’s price could reach $28k as market sentiment improves.
- Shiba Memu’s presale is approaching the $3.5 million mark, attracting more investors to the project.
Bitcoin’s Potential Surge to $28k
The cryptocurrency market is ending the week on a positive note, with most coins and tokens seeing a 2% or higher increase in price. Bitcoin has gained over 2% value in the last 24 hours and is currently priced at $27,094.
This positive performance can be attributed to a dip in oil prices and US Treasury yields, resulting in a weaker US Dollar. If this trend continues, Bitcoin could rally further and surpass the next major resistance level of $28k in the coming days.
Understanding Shiba Memu
Shiba Memu has garnered attention from investors due to its unique proposition. This Web3 project aims to merge blockchain technology and artificial intelligence to facilitate market campaigns for individuals and entities.
According to their whitepaper, Shiba Memu can handle various marketing activities such as content creation, social media advertising, and creative advertisement placements.
By launching as a meme token, Shiba Memu taps into the popularity of meme coin projects. However, it differentiates itself by providing real-world use cases, allowing users to create marketing strategies, schedule PR releases, and promote campaigns on relevant platforms.
Shiba Memu will be accessible on both the Ethereum and BNBChain blockchains.
Shiba Memu’s Presale Milestone
Amidst the bullish crypto market, Shiba Memu’s presale is inching closer to a significant milestone. Over the past three months, the project has raised more than $3.4 million through its presale.
The funds raised will be used to develop Shiba Memu’s products and services, with the primary focus on the AI technology behind the project. The platform will feature a user-friendly dashboard that allows interactions with the AI, receiving feedback, suggestions, and answers to inquiries.
Click here to learn more about Shiba Memu’s presale event.
Price Predictions for Shiba Memu
Due to Shiba Memu’s current presale stage, it is challenging to make accurate price predictions for the medium to long term. Currently, 1 SHMU is valued at 0.030475 USDT. The token’s price increases daily at 6 pm GMT and is expected to reach 0.030700 USDT per token in a few hours.
During the presale’s initial phase, SHMU was traded at $0.011125, marking a significant price increase. The SHMU token can be purchased using Ethereum, USDT, BNB, and BUSD.
Is it a Good Time to Buy Shiba Memu?
Considering the utility Shiba Memu aims to offer users by combining AI and blockchain technology, it has the potential to become one of the leading meme token projects. Early-stage investors may find Shiba Memu’s tokens at a discounted price, with the possibility of price rallies in the coming months and years.
Editor’s Notes: Uber Crypto News
If you’re interested in staying up-to-date with the latest news and developments in the world of cryptocurrency, be sure to check out Uber Crypto News. From trending market insights to in-depth analysis, Uber Crypto News provides valuable information for both beginners and seasoned crypto enthusiasts.