Key Points
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The broader crypto markets rose over the past 24 hours, but Shiba Inu remains weak.
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Shiba Memu’s second-phase presale has now surpassed the $2.2 million mark.
Cryptocurrency markets faced pressure last week after Bitcoin fell below the $25,000 level. Since then market sentiment has been subdued.
Markets recovered modestly yesterday, with Bitcoin currently trading around $26,500 per coin. Despite the overall downtrend, Shiba Memu’s presale continues to progress strongly.
Shiba Inu holds near $0.000008
SHIB, the native token of the Shiba Inu ecosystem, has been one of the weakest performers so far this week. Even as crypto markets ticked up on Wednesday, SHIB remained in a downtrend.
SHIB has lost less than 1% of its value in the last 24 hours and is currently trading at $0.00000827 per coin. The decline followed last week’s problematic Shibarium launch.
The team has said it will reopen the Shibarium network to the public soon. If the relaunch proceeds smoothly, SHIB could climb higher and approach the $0.000009 level in the near term.
What is Shiba Memu?
Shiba Memu is a cryptocurrency project currently in its presale phase. The project aims to combine artificial intelligence and blockchain technology to deliver improvements for the marketing industry.
Shiba Memu intends to make it easier for individuals and organizations to create content and run marketing campaigns.
According to the team, Shiba Memu is designed to handle many of the tasks performed by traditional marketing agencies. The platform is always available for content consumption and for creating improved content marketing strategies and campaigns for businesses.
Shiba Memu is launching as a meme-token amid the recent surge in meme projects. In two years, the market capitalization of meme coins rose from virtually zero in 2020 to about $20 billion in 2022.
What sets Shiba Memu apart from other meme projects is that it includes a genuine utility. Shiba Memu functions as a self-sufficient marketing tool powered by AI technology.
Shiba Memu’s second-phase presale reaches $2.2 million
Recent market volatility has not slowed Shiba Memu; its second-phase presale continues setting new milestones. The presale has been running for nearly two months, and the team has raised over $2.2 million in this phase.
With more than 70 million tokens sold, the second presale phase could conclude in the coming days. The team plans to allocate presale proceeds toward the development of its products and services.
Most of the funds are expected to be directed to the development of Shiba Memu AI technology. Shiba Memu leverages AI to provide innovative marketing services to its users.
Users will be able to interact with the AI, submit feedback, make suggestions, and ask questions. That interactivity is a key reason the platform is positioned as an exciting AI-driven marketing solution.
Click here for more information about Shiba Memu’s presale event.
Shiba Memu price outlook
Shiba Memu remains in presale, so short-term price movements are difficult to predict precisely. Currently one SHMU token is priced at 0.022375 USDT.
According to the team, SHMU’s price increases daily at 18:00 GMT. A few hours later the token value is listed at 0.022600 USDT. Trading began at $0.011125 when the presale started, and the price will reach $0.0244 by the presale’s end. Investors can buy SHMU tokens using Ethereum, USDT, BNB, and BUSD.
Should you buy Shiba Memu now?
Investing during a project’s presale often gives early access that can outperform later investors’ returns if the project succeeds.
Shiba Memu is an intriguing project that combines AI and blockchain. If it gains traction and adoption, SHMU’s value could increase over the coming months and years.
The broader cryptocurrency market’s performance will also influence SHMU’s price. A sustained market uptrend over the medium term could help drive SHMU higher.