Whales Are Buying SHIB as Shiba Memu Presale Surpasses $3.4 Million
Shiba Memu is introducing AI to the meme sector, making it a potentially sustainable investment.
Investors have purchased over $3.4 million worth of Shiba Memu, showcasing renewed interest in Shiba Inu.
Shiba Memu stands to benefit from both AI and the hype surrounding meme tokens, allowing it to follow the price trends set by its peers.
Meme cryptocurrencies have emerged as an exciting asset class, with the potential to generate triple or even quadruple-digit returns within a short period. Shiba Inu, one of the leading meme cryptocurrencies, has experienced a surge in whale buying recently. On the other hand, Shiba Memu (SHMU), a meme token currently in presale, is riding the wave of meme mania, with investors having invested over $3.4 million in anticipation of its disruptive AI meme project.
Is Shiba Inu’s whale buying an indication of an upcoming rally?
On September 21, the transaction value of Shiba Inu surpassed $47 million. The significant buying activity coincided with the price of Shiba Inu stabilizing above $0.000007. While there haven’t been any clear bullish signals yet, the high level of buying suggests that selling pressure is low. Consequently, there may be a potential price recovery on the horizon as market sentiment improves.
Overall, the interest surrounding Shiba Inu reflects a strong belief in meme crypto investments. In fact, the market cap of the meme sector has grown from zero to over $20 billion since early 2020. Given this impressive growth potential, there is a persistent search for high-quality meme projects. If Shiba Inu experiences a rally, it could boost overall sentiment and benefit upcoming tokens, such as Shiba Memu.
Could Shiba Memu become a bigger rival to Shiba Inu?
Both Shiba Memu and Shiba Inu are meme cryptocurrencies driven by hype and market sentiment.
However, what sets Shiba Memu apart is its incorporation of AI technology. By leveraging AI, Shiba Memu has the ability to autonomously market itself and gain power within the market. It can self-promote on social networks and forums, generating a frenzy of online interest.
The concept of self-marketing is pivotal to the value proposition of Shiba Memu. In contrast, rivals like Shiba Inu rely heavily on social media hype and influencer endorsements, which can lead to significant gains during times of frenzy but often result in losses during periods of decreased interest. This lack of sustainability within the meme sector has been a concern for investors.
By utilizing AI for self-marketing purposes, Shiba Memu aims to deliver sustainable returns. AI works continuously, learning and adapting its marketing strategies. The Shiba Memu team believes that this capability can enable the project to become a leader in the crypto market.
Shiba Memu’s unique presale attracts investors.
Unlike other presales, Shiba Memu offers a unique benefit to its investors. The token’s price rises each day at 6 PM GMT during the presale period. For example, while the initial price of SHMU was $0.011125, it has now risen to $0.030475.
If you purchased the token at the initial price, you would receive nearly three times the current value. The price will continue to increase until the end of the presale. This tokenomics guarantees returns for presale investors.
Shiba Memu’s potential in 2024
Predicting the value of a meme cryptocurrency carries inherent speculative risks due to their heightened volatility. However, by examining the price movements of other meme cryptocurrencies, we can gain insights into the potential value of SHMU.
Looking back, meme tokens such as Dogecoin, Shiba Inu, and PEPE have all been influential in the market. Dogecoin went from being considered a joke coin to ranking among the top 10 tokens by market cap. Shiba Inu currently holds the second spot as one of the most valuable meme cryptocurrencies. PEPE surprised the market by delivering returns of over 10,000%.
These examples highlight the potential that Shiba Memu holds. When it is listed on centralized exchanges in 2024, its value could experience a sudden surge, fueled by the frenzy surrounding meme tokens and its unique AI application. With signs of a stabilizing crypto sector, Shiba Memu could also benefit from improved market sentiment, further increasing its value.
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