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Ether surpasses $2,100 as Shiba Memu’s presale approaches $4.5M appeared on coinjournal.net by Hassan Maishera.
Key takeaways
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Ether has crossed the $2,100 level for the first time in months as the crypto market continues to rally.
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Shiba Memu’s presale is now closing in on the $4.5 million mark.
The cryptocurrency market has been on a bullish run over the past few days, with the prices of most coins up by over 5%. Ether is one of the best performers in the market and is now trading above the $2,100 level.
Shiba Memu continues to set new milestones for its presale and will soon reach the $4.5 million mark
Ether hits the $2k mark
Ether, the second-largest cryptocurrency by market cap, is trading above the $2,100 level for the first time in months. The rally comes as the broader cryptocurrency market recorded excellent gains over the last few days.
The positive performance also comes after the BlackRock iShares Ethereum Trust was registered in Delaware earlier this week. Investors are optimistic that the world’s biggest asset management firm will file for a spot Ether ETF soon.
What is Shiba Memu?
Shiba Memu is a Web3 project that continues to attract investors within the cryptocurrency space and beyond. The project is combining the powers of blockchain technology and artificial intelligence to make it easier for individuals and entities to carry out market campaigns.
According to the development team, Shiba Memu will have a wide range of use cases for marketers within the crypto space and beyond. Shiba Memu will handle various activities, including content creation, marketing, social media advertisement, and creative advertisement.
Shiba Memu will leverage AI to identify the best creative adverts and improve on them to provide superior content marketing services to users.
The project is launching as a meme token as it seeks to take advantage of the recent surge in the popularity of meme coins. Over the last two years, meme coins saw their market caps grow from practically $0 to $35 billion in 2023.
Shiba Memu differs from thousands of meme coins in the market because it offers users real-world use cases. It would allow users to create marketing strategies, roll out PR schedules, and promote campaigns on relevant forums and social media platforms. At the moment, the project is available on the Ethereum and BNBChain blockchains.
Shiba Memu’s presale closes in on the $4.5 milestone
The crypto market has been on a rally over the last few weeks, with most coins trading in the green zone.
Shiba Memu has continued its excellent presale performance, and the team has now raised roughly $4.5 million.
The team would use the funds to develop its various products and services. The Shiba Memu team has revealed that most of the funds would be used to develop its AI technology.
Its platform will also have a robotastic dashboard, allowing users to interact with the AI, provide feedback, make suggestions, ask questions, and more.
Click here to find out more about Shiba Memu’s presale event.
Shiba Memu price prediction
Although altcoins have been rallying over the last few weeks, it is hard to accurately predict Shiba Memu’s price in the near term since the project is still in its presale stage. However, at the moment, 1 SHMU = 0.039925 USDT USDT. The token’s price increases every day at 6 pm GMT and is set to trade at 0.040150 USDT per token in a few hours.
During the first presale stage, SHMU was trading at $0.011125, and it has seen a remarkable increase in price since then. The SHMU token can be purchased using Ethereum, USDT, BNB and BUSD
Should you buy Shiba Memu today?
The cryptocurrency market is having an excellent end to the year and investors might be looking at fresh projects to invest their funds in. Shiba Memu has the potential to become one of the top meme projects in the world, thanks to its utility in the market industry. Leveraging AI and blockchain technologies could see Shiba Memu gain massive adoption in the marketing world.
At the moment, Shiba Memu’s SHMU is going for a discount price as the project is still in its presale stage. The token could experience a massive surge in price once it lists on cryptocurrency exchanges and gains adoption.
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