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Can Bitcoin reclaim the $30k psychological level after yesterday’s brief rally

October 22, 2023
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 Key takeaways

The cryptocurrency market is having a rollercoaster week up to now, with Bitcoin and others experiencing combined performances. Shiba Memu’s presale is now closing in on the $4 million mark as extra buyers pledge funds to the challenge.

Bitcoin eyes the $30k mark 

Bitcoin, the world’s main cryptocurrency by market cap, briefly touched the $30k mark on Monday following a false information report. CoinTelegraph and a few crypto media retailers reported that the spot Bitcoin ETF filed by BlackRock was accredited by the US SEC.

The information despatched Bitcoin racing previous the $30k mark on Monday. Nonetheless, BlackRock later got here out to debunk the report, revealing that the SEC remains to be reviewing its Bitcoin ETF proposal. 

Bitcoin has now settled across the $28k stage. At press time, the value of Bitcoin stands at $28,416 per coin. The bulls are nonetheless in cost and will push BTC’s value in direction of the $30k psychological stage within the close to time period. 

What’s Shiba Memu?

Shiba Memu is a cryptocurrency challenge that continues to collect curiosity amongst buyers because of its distinctive proposition.  As a Web3 challenge, Shiba Memu intends to mix the powers of blockchain know-how and synthetic intelligence to make it simpler for people and entities to hold out market campaigns.

Shiba Memu is a meme token challenge that intends to supply a variety of use instances to entrepreneurs. The platform can perform numerous actions, together with content material creation, advertising and marketing, social media commercial, and inventive commercial. 

As an AI-powered challenge, Shiba Memu will work all day lengthy to determine the very best artistic adverts and enhance on them to supply superior content material advertising and marketing companies to customers. 

Shiba Memu’s launching as a meme token comes because it seeks to leverage the recognition wave of meme coin tasks in recent times. That is strengthened by the truth that inside two years, meme cash noticed their market caps develop from virtually $0 to $35 billion in 2023. 

Nonetheless, Shiba Memu will differ from different meme tokens by offering numerous use instances to customers. Shiba Memu is launching with real-world use instances and would enable customers to create advertising and marketing methods, roll out PR schedules, and promote campaigns on related boards and social media platforms. 

Presently, the challenge is offered on the Ethereum and BNBChain blockchains. 

Shiba Memu’s presale closes in on the $4 milestone

The cryptocurrency market is experiencing a rollercoaster efficiency this week, with most cash and tokens at present within the inexperienced zone. 

Shiba Memu has continued its glorious presale efficiency, and the group has now raised roughly $3.9 million. Which means Shiba Memu has added greater than $200k in lower than per week. 

With the funds raised through the numerous presale levels, Shiba Memu will develop its services. The group will focus totally on the event of the Shiba Memu AI know-how. 

The Shiba Memu platform will even have a robotastic dashboard, permitting customers to work together with the AI, present suggestions, make solutions, ask questions, and extra.

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

Shiba Memu value prediction

Shiba Memu remains to be in its presale stage, and this makes it not possible to foretell its value within the quick and medium phrases. Nonetheless, in the meanwhile,  1 SHMU = 0.034525 USDT USDT. The token’s value will increase day by day at 6 pm GMT and is about to commerce at 0.034750 USDT per token in a couple of hours. 

In the course of the first presale stage, SHMU was buying and selling at $0.011125, and it has seen a exceptional enhance in value since then. The SHMU token might be bought utilizing Ethereum, USDT, BNB and BUSD

Do you have to purchase Shiba Memu now?

The choice to buy SHMU belongs to the buyers. Nonetheless, Shiba Memu has the potential to turn into one of many high meme tasks on the planet, because of its utility available in the market business. By combining AI and blockchain applied sciences, Shiba Memu might acquire huge adoption within the advertising and marketing world. 

For the time being, SHMU goes for a reduction value because the challenge remains to be in its presale stage. With the appropriate stage of adoption and a doable crypto bull market on the horizon, SHMU’s value might rally increased within the medium to long run. 

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