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Key takeaways

• Bitcoin has dropped under the $29k degree, presenting a buying opportunity for some traders.

• 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 pink 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 degree

Bitcoin has dropped under the $29k degree because the cryptocurrency market recorded enormous losses during the last 24 hours. At press time, the price of Bitcoin stands at $28,479 per coin. 

The different main cryptocurrencies together with ETH, SOL, SHIB, and XRP all recorded huge losses over the previous few days. The decline in costs might function an opportunity for traders to buy extra cryptocurrencies. 

Despite the bearish sentiment available in the market, Shiba Memu’s presale has hit a new milestone. The group has now raised greater than $2 million in this presale spherical. 

What is Shiba Memu?

Shiba Memu is a cryptocurrency venture that seeks to make it simpler for individuals and organisations to hold out advertising and marketing campaigns. Although it’s a meme coin, Shiba Memu has real-world use circumstances and gives worth to the customers.

It continues to be in its presale stage however Shiba Memu holds promise, with traders already pledging thousands and thousands of {dollars} to the venture’s improvement. 

So far, the Shiba Memu stage two presale has raised greater than $2 million, with over 65 million SHMU tokens offered up to now. 

In their whitepaper, the Shiba Memu group mentioned the venture combines AI and blockchain know-how to develop an unstoppable, solely 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 know-how. 

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 venture was launched as a meme coin because the group determined to reap the benefits of the latest reputation of meme tokens. Meme cash have change into essential 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 know-how. 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.  

Currently, Shiba Memu operates on BNBChain and Ethereum, two of the main DeFi blockchains on this planet.

Shiba Memu’s presale hits $2 million

The cryptocurrency market has been bearish in latest weeks however that hasn’t deterred traders from investing in initiatives.

Shiba Memu’s stage two presale lately hit an essential milestone. The group has raised greater than $2 million in this present presale spherical and will attain its goal very quickly. 

Shiba Memu has been attracting curiosity from traders regardless of the present market situations. Funds generated from the varied presale rounds could be diverted in the direction of creating the Shiba Memu merchandise. The group will use a lot of the funds to develop the Shiba Memu AI know-how. 

Click here to seek out out extra about Shiba Memu’s presale occasion. 

Should you spend money on Shiba Memu at present?

The cryptocurrency market has underperformed this week, with the costs of most cash within the pink zone. The latest bearish pattern might function an opportunity for traders to purchase extra cryptocurrencies. 

As traders proceed to look for worthwhile initiatives, Shiba Memu may very well be one to contemplate. By combining the facility of blockchain know-how and AI, Shiba Memu might turn into a distinctive venture. The platform will look to ease advertising and marketing methods for corporations and organisations. 

With the best degree of adoption, its native SHMU token might rally greater over the approaching months and years.