• Bitcoin is still trading around $29,000 per coin and could dip lower in the near term.
• Shiba Memu’s presale has hit $1.5 million after selling more than 52 million SHMU tokens.
• The world’s leading cryptocurrency by market cap is struggling around the $29k region, and market experts believe it could dip lower in the near term.
Bitcoin Price Outlook
Bitcoin is still trading around $29k per coin and could dip lower in the near term. The world’s leading cryptocurrency by market cap is struggling around the $29k region, and market experts believe it could dip lower in the near term.
Shiba Memu Presale Hits $1.5M
Shiba Memu’s presale has hit an impressive milestone of $1.5 million after selling more than 52 million SHMU tokens. This project seeks to combine the powers of blockchain technology and artificial intelligence to make it easier for people and organisations to create content and roll out marketing campaigns with its AI tool that works 24/7 to find the best work going on in creative advertising, consuming it and generating better content marketing.
Meme Token Popularity
The idea behind launching as a meme token has to do with the recent popularity of meme projects in the cryptocurrency space within two years: its market cap grew from practically zero to 20 billion dollars in 2022. What makes Shiba Memu different from other meme token projects is that it harnesses artificial intelligence to make content creation easier for users across different platforms.
Bearish Market Conditions
Despite bullish sentiment earlier this week, cryptocurrencies are now trading mostly in red zone due to bearish market conditions; Bitcoin lost more than one percent of its value so far this week while Ether, Dogecoin, Solana, XRP, among others were all down by more than two percent so far this week.
Conclusion
Although most cryptocurrencies have been underperforming recently due to bearish market conditions, Shiba Memu continues to set new records with its presale despite these conditions – raising over 1.5 million dollars so far with more than 52 million tokens sold
