Key points
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Bitcoin remains near $29,000 per coin and could move lower in the near term.
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Shiba Memu’s presale has raised $1.5 million after selling more than 52 million SHMU tokens.
Bitcoin has shown weak performance in recent weeks after reaching about $31,000 last month. The world’s largest cryptocurrency by market capitalization is trading around $29,000, and market analysts warn it could decline further in the near future.
Despite bearish market conditions, Shiba Memu’s presale continued to set new milestones.
Bitcoin holds around $29,000
The cryptocurrency market has been in a bearish phase since the start of the month. Most digital assets are trading lower, even after brief positive movement earlier in the week.
This week Bitcoin lost more than 1% of its value and is currently trading at $29,119 per coin. Ether, Dogecoin, Solana, XRP and other major cryptocurrencies also declined by more than 2% over the week.
Despite the downtrend, the Shiba Memu presale keeps hitting new records. The team has now raised over $1.5 million, selling more than 52 million tokens.
What is Shiba Memu?
Shiba Memu is a crypto project that aims to combine blockchain technology with artificial intelligence. With the rapid growth of AI applications, the team positions Shiba Memu as a global marketing and content creation tool.
Shiba Memu intends to leverage AI and blockchain to help individuals and organizations produce content and run marketing campaigns more efficiently.
According to its whitepaper, Shiba Memu can perform many tasks typically handled by marketing agencies. As an AI-driven tool, it is designed to operate continuously—24/7—to identify creative advertising opportunities, optimize them, and improve content marketing outcomes.
The decision to launch as a meme token follows the recent surge in popularity of meme projects across crypto. The market value of meme coins grew dramatically over a two-year period, reaching roughly $20 billion in 2022 from nearly zero.
What sets Shiba Memu apart is a practical use case: it aims to be a self-sufficient AI-powered marketing assistant. The platform can potentially develop marketing strategies, implement PR plans, and promote campaigns across relevant forums and social media platforms. Shiba Memu is currently available on the Ethereum and BNBChain networks.
Shiba Memu presale reaches $1.5 million
Despite the broader market downturn, Shiba Memu’s presale has performed strongly. The presale has been ongoing for about a month and has raised approximately $1.5 million to date.
The project sold over 52 million SHMU tokens, generating $1.5 million in funds. The team plans to allocate the proceeds to develop the project’s products and services.
Per the whitepaper, most presale proceeds will be dedicated to building Shiba Memu’s AI technology. By investing in AI development, the project aims to deliver advanced marketing services to its users.
The platform is expected to include a chatbot-style dashboard that allows users to interact with the AI, provide feedback, submit ideas, and ask questions.
Click here to learn more about the Shiba Memu presale.
Shiba Memu price prediction
Accurate price predictions are not possible at this stage because SHMU remains in presale. At present, 1 SHMU is listed at 0.017650 USDT.
The team states that the token price increases daily at 18:00 GMT. According to that schedule, the token’s next step would be 0.017875 USDT in a few hours.
SHMU launched at a presale price of 0.011125 USD and is scheduled to trade at 0.0244 USD after the presale ends. Tokens can be purchased using Ethereum, USDT, BNB and BUSD.
Should you buy Shiba Memu today?
Shiba Memu may present an attractive opportunity for investors, particularly because it is still at an early stage. Early-stage projects can deliver significant returns over the medium to long term if adoption and execution are successful.
Shiba Memu combines AI and blockchain, giving it an interesting value proposition for a meme token. With sufficient adoption, SHMU’s price could rise over the coming months and years.
Additionally, a broader crypto market bull run could boost SHMU’s value. Major cryptocurrencies, including Bitcoin, remain significantly higher year-over-year, and a sustained market uptrend would likely support gains in smaller tokens as well.
A combination of strong user adoption for Shiba Memu and a favorable crypto market environment could position SHMU as one of the better-performing tokens in the months ahead.