Memes are starting to gain traction as a result of Bitcoin’s improvements. The second-ranked meme cryptocurrency, Shiba Inu, has increased by double digits during the last week.
In the meantime, the presale for an impending meme called Shiba Memu (SHMU) has brought in nearly $4.46 million. Is the meme cryptocurrency industry benefiting from this trend?
Strengths of Shiba Inus as a sign of purchase interest
The increase in the number of addresses gathering the cryptocurrency token has propelled the price rises of Shiba Inu. In the last month, addresses purchasing Shiba Inus have surpassed those selling, according to Glassnode.
Meme Magic: Shiba Inu Eyes $0.00001 Amid Shiba Memu Surge,Meme Magic: Shiba Inu Eyes $0.00001 Amid Shiba Memu Surge
An upsurge in sales supports the positive view on Shiba Inus. The coin is now trading at $0.0000088, up from its low of $0.00000664 in October. The level is now a pullback from the weekend’s high of $0.0000096.
If Shiba Inus continue to show their powers, the next psychological resistance will probably be $0.00001. The profits might support presale project Shiba Memu and strengthen the meme industry as a whole.
Is Shiba Memu a good project for memes?
Even though Shiba Memu is a relatively young breed, its potential is highlighted by the passion it inspires. The coin has been purchased by investors for millions of dollars in advance of its significant IPO. Given its excellent features and future directions, the token’s main contribution is the FOMO it has created.
Disregard the Dogecoin rally sparked by Elon Musk. Or the soon-to-be Shiba Inu metaverse, which appears as a token only to eventually fade into obscurity. Shiba Memu will cleverly advertise itself online, create buzz, and pique curiosity. This may make it possible for its prices to rise steadily.
To gain a competitive advantage, Shiba Memu uses AI, in contrast to industry giants like Dogecoin and Shiba Inu. Shiba Memu can now generate its own press releases and advertise itself on social media thanks to AI.
Shiba Memu will grow more astute and potent by taking note of its effective marketing techniques. Shiba Memu is sustainable and may be a very profitable investment because of the AI utilisation.
Is it wise to purchase Shiba Memu?
A few things are taken into consideration while making financial selections. But the most crucial factor—especially with meme cryptocurrencies—is the possible return.
If we look at some of the most successful meme coins, returns have been supernormal. Consider the parabolic movement of PEPE in the current year, the 2021 Doge and Shiba Inu rally, and similar events. Meme coins have shown returns that are higher than usual, making them a fascinating lot.
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