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Shiba Memu’s presale eyes the $5M mark: Is the memecoin a good buy at the moment?

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Key takeaways

  • The crypto market has underperformed this week but Shiba Memu’s presale is closing in on a new milestone.

  • The presale is close to raising $5 million to allow the developers to work on their products.

The cryptocurrency market is experiencing a correction this week, with prices of most coins and tokens down by more than 5%. However, that hasn’t halted the Shiba Memu presale as it continues to reach new heights.

Bitcoin slips below $41k 

Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming since the start of the week. It lost more than 6% of its value this week and temporarily dropped below the $41k region. At press time, the price of Bitcoin stands at $41,118 per coin.

The market is undergoing a correction and market analysts believe that it could recover soon. The dips are considered as buying opportunities for traders. For investors looking to enter the market, tokens in presale are an excellent way to do so and Shiba Memu is one of the leading meme project presale currently available. 

What is Shiba Memu?

Shiba Memu is a new meme coin project that is gaining traction amongst investors. The interest comes as meme coins like Dogecoin, Shiba Inu, and PEPE continue to dominate the market.

The Shiba Memu presale has surpassed $4.7 million and is now eyeing the $5 million milestone as more investors continue to pour in. 

The project intends to help individuals and organisations handle marketing campaigns. According to their whitepaper, the Shiba Memu platform will leverage blockchain and AI to offer marketing services to users.

By using AI and blockchain technology, Shiba Memu is working to become a powerful marketing tool for users. With this platform, users can carry out a wide range of marketing activities. 

The use of AI would also Shiba Memu to operate 24/7. It would also identify ideal creative scenarios and come up with high-end marketing campaigns for users. 

Per the team, it intends to take full advantage of the hype around meme tokens. Meme coins have become important in the crypto industry, growing from a market cap of $0 in 2019 to $35 billion in 2023. 

However, Shiba Memu intends to be a different meme token as it would offer real-world utility to users. Its AI technology will help users develop their marketing strategies, write their PRs, and promote their services and products on relevant forums and various social media platforms. 

Shiba Memu will only be available to users on the BNBChain and Ethereum blockchains. 

Shiba Memu’s presale surpasses eyes $5 million

Despite the market’s poor start to the week, Shiba Memu’s presale continues to move forward significantly. The project has raised over $4.7 million so far. At this rate, the Shiba Memu presale will hit the $5 million mark. 

Most of the funds raised during the presale would be channelled towards the development of the Shiba Memu AI technology. 

The team will use the funds to develop its AI technology and a suite of other products. 

Click here to find out more about Shiba Memu’s presale event. 

Should you buy more SHMU tokens?

SHMU token could become one of the leading meme tokens once it gets listed on cryptocurrency exchanges. Shiba Memu is an excellent project with real-world use cases. 

If you already hold SHMU tokens, you can purchase more as the project could be a big winner in the market over the next few months and years. The token could gain massive adoption over the coming months or years, and that could see its price soar higher. 

The post Shiba Memu’s presale eyes the $5M mark: Is the memecoin a good buy at the moment? appeared first on CoinJournal.

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