Key takeaways
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Bitcoin has dropped under the $29k stage, presenting a shopping for alternative for some traders.
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Shiba Memu’s presale has now surpassed the $2 million mark.
The cryptocurrency market has been bearish this week, with the costs of most cryptocurrencies presently within the purple zone.
Bitcoin, Ether, XRP, and SHIB have all misplaced greater than 2% of their values this week and will expertise additional downward motion within the quick time period.
Bitcoin drops under $29k stage
Bitcoin has dropped under the $29k stage because the cryptocurrency market recorded enormous losses over the past 24 hours. At press time, the price of Bitcoin stands at $28,479 per coin.
The opposite main cryptocurrencies together with ETH, SOL, SHIB, and XRP all recorded large losses over the previous few days. The decline in costs may function a chance for traders to buy extra cryptocurrencies.
Regardless of the bearish sentiment out there, Shiba Memu’s presale has hit a brand new milestone. The group has now raised greater than $2 million on this presale spherical.
What’s Shiba Memu?
Shiba Memu is a cryptocurrency undertaking that seeks to make it simpler for individuals and organisations to hold out advertising and marketing campaigns. Though it’s a meme coin, Shiba Memu has real-world use instances and provides worth to the customers.
It’s nonetheless in its presale stage however Shiba Memu holds promise, with traders already pledging tens of millions of {dollars} to the undertaking’s growth.
To date, the Shiba Memu stage two presale has raised greater than $2 million, with over 65 million SHMU tokens offered to date.
Of their whitepaper, the Shiba Memu group mentioned the undertaking combines AI and blockchain expertise to develop an unstoppable, completely self-sufficient advertising and marketing powerhouse.
Shiba Memu can execute the work of 100 advertising and marketing businesses because of the way it leverages AI. As an AI-based platform, Shiba Memu will present customers with operational transparency because of its use of blockchain expertise.
If deployed, Shiba Memu will work 24/7 to determine supreme artistic situations and work around the clock to develop wonderful advertising and marketing campaigns.
The undertaking was launched as a meme coin because the group determined to reap the benefits of the current recognition of meme tokens. Meme cash have turn out to be vital within the crypto ecosystem, rising from a market cap of $0 in 2019 to $20 billion in 2022.
With Shiba Memu, the platform has self-sufficient advertising and marketing capabilities powered by AI expertise. When deployed, Shiba Memu will develop its personal advertising and marketing methods, write its personal PR, and promote itself in related boards and numerous social media platforms.
Presently, Shiba Memu operates on BNBChain and Ethereum, two of the main DeFi blockchains on the planet.
Shiba Memu’s presale hits $2 million
The cryptocurrency market has been bearish in current weeks however that hasn’t deterred traders from investing in tasks.
Shiba Memu’s stage two presale just lately hit an vital milestone. The group has raised greater than $2 million on this present presale spherical and will attain its goal very quickly.
Shiba Memu has been attracting curiosity from traders regardless of the present market circumstances. Funds generated from the varied presale rounds can be diverted in the direction of growing the Shiba Memu merchandise. The group will use many of the funds to develop the Shiba Memu AI expertise.
Click here to search out out extra about Shiba Memu’s presale occasion.
Must you put money into Shiba Memu as we speak?
The cryptocurrency market has underperformed this week, with the costs of most cash within the purple zone. The current bearish development may function a chance for traders to purchase extra cryptocurrencies.
As traders proceed to search for worthwhile tasks, Shiba Memu may very well be one to think about. By combining the ability of blockchain expertise and AI, Shiba Memu may change into a novel undertaking. The platform will look to ease advertising and marketing methods for firms and organisations.
With the suitable stage of adoption, its native SHMU token may rally increased over the approaching months and years.