Key takeaways
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XRP surged more than 70% on Thursday following a favorable ruling in Ripple’s lawsuit against the U.S. Securities and Exchange Commission (SEC).
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Shiba Memu’s presale is approaching $800,000 as new investors enter the market.
The cryptocurrency market has been strongly bullish over the past 24 hours, with most coins and tokens trading higher.
Shiba Memu’s presale has performed particularly well and is now on track to reach the $800K mark as additional investors join the project.
XRP and XLM rally to fresh highs
XRP, the native token of the Ripple ecosystem, jumped more than 70% on Thursday after a favorable decision in the Ripple vs. SEC case.
The U.S. District Court for the Southern District of New York ruled hours earlier that Ripple’s retail sales of XRP on exchanges and via algorithmic trading did not constitute investment contracts.
However, the judge also found that certain institutional sales of the token violated federal securities laws.
The partial victory was welcomed by the cryptocurrency community, sending XRP to a one-year high of $0.84 on Thursday and boosting its value by more than 70% in a single session. At the time of writing, Ripple’s price stands at $0.7857
XLM, the native coin of the Stellar Lumens ecosystem, also surged more than 50% following the Ripple ruling. Bitcoin (BTC), Ethereum (ETH), Solana and Polygon likewise recorded strong gains over the last 24 hours.
What is Shiba Memu?
Shiba Memu, currently in presale, has been propelled by the broader market rally. The presale reached a new milestone as more investors bought into the project.
Shiba Memu is a cryptocurrency token that blends AI and blockchain technology to create an autonomous marketing engine designed to operate continuously and autonomously.
According to the project’s whitepaper, Shiba Memu aims to automate and scale marketing tasks—effectively performing the work of numerous marketing agencies. As an AI-driven platform, it actively searches for top creative advertising trends, refines them, and redeploys improved versions.
The project taps into the recent surge in interest around meme coins, a sector that grew rapidly over the past several years into a multibillion-dollar niche within the crypto industry. While many meme coins lack function, Shiba Memu emphasizes practical utility and aims to address real user needs.
The whitepaper explains that Shiba Memu’s self-sustaining marketing capabilities are powered by AI, positioning the project as a unique opportunity among meme-style tokens.
Shiba Memu plans to generate its own marketing strategies, create PR content, and promote itself across relevant forums and social networks.
Currently, the project operates on Ethereum and BNB Chain, two leading blockchains for DeFi and smart contract applications.
Shiba Memu presale approaches $800,000
Investment in Shiba Memu’s presale has more than tripled over the past seven days. Last week the presale stood at $215,000; it now sits at $798,247.
The surge in funding reflects growing investor interest and new capital flowing into the project.
The Shiba Memu team has stated that presale proceeds will be used to develop product features, with the majority earmarked for advancing the project’s AI technology.
Click here to learn more about the Shiba Memu presale event.
Should you invest in Shiba Memu today?
The crypto market has delivered solid performance year-to-date, with most coins and tokens up roughly 50% over that period. Nevertheless, market valuations remain more than 50% below their 2021 peaks. Many analysts expect Bitcoin and other major cryptocurrencies to continue appreciating over the medium to long term.
Investment decisions should be based on each investor’s risk tolerance and research. Shiba Memu has the potential to perform well once the project launches and the token lists on exchanges.
By combining AI with blockchain technology to support marketing strategies for organizations and companies, Shiba Memu’s SHMU token could rise if the platform achieves meaningful adoption in the coming months and years.