Monat: August 2023

Key takeaways

• The broader crypto market rallied over the last 24 hours, but Shiba Inu continues to underperform.

• Shiba Memu’s stage two presale has now topped the $2.2 million mark.

The cryptocurrency market experienced a price cash last week that saw Bitcoin drop to the sub $25k level. Since then, the market has been underperforming.

However, the market slightly recovered yesterday, with Bitcoin currently trading just around $26,500 per coin. Despite the market’s bearish trend, Shiba Memu’s presale continues to progress excellently. 

Shiba Inu stays around $0.000008

SHIB, the native token of the Shiba Inu ecosystem, has been one of the worst performers so far this week. While the crypto market rallied on Wednesday, SHIB continued its downward trend.

SHIB has lost less than 1% of its value in the last 24 hours and is currently trading at $0.00000827 per coin. The bearish trend came following Shiba Inu’s botched launch of Shibarium last week. 

The team said they would be reopening the Shibarium network to the public soon. If that happens and there are no issues, SHIB could rally higher and reach the $0.000009 level in the near term. 

What is Shiba Memu?

Shiba Memu is a cryptocurrency project that is currently in its presale stage. The project wants to combine the powers of AI and blockchain technology to positively impact the marketing industry. 

With Shiba Memu, it would become easier for people and organisations to create content and roll out marketing campaigns. 

According to their whitepaper, Shiba Memu would be designed to handle the tasks of several marketing agencies. Shiba Memu will always be active and will be available to consume content and generate better content marketing strategies and campaigns for companies. 

Shiba Memu is launching as a meme token thanks to the recent surge in the status of meme projects. Within the space of two years, the market cap of meme coins grew from practically $0 in 2020 to $20 billion in 2022. 

What makes Shiba Memu different from other meme projects is that it has a real-world utility. Shiba Memu can be considered a self-sufficient marketing tool powered by AI technology.

Shiba Memu’s stage two presale hits $2.2M

The recent market turbulence didn’t affect Shiba Memu as its stage two presale continues to hit new highs. The presale has been around for nearly two months now, and the team has raised more than $2.2 million in the second stage. 

With more than 70 million tokens sold, the second presale stage could be concluded in the coming days. The team intends to use the funds generated from the presale to develop some of its products and services. 

Most of the funds would be pushed towards developing the Shiba Memu AI technology. Shiba Memu will use AI technology to provide exciting marketing services to its users. 

Shiba Memu users will also be able to interact with the AI, provide feedback, make suggestions, and ask questions. Hence making it an exciting AI-powered marketing platform. 

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

Shiba Memu price prediction

Shiba Memu is still in its presale stage, and we can’t accurately predict its price movement in the short term. At the moment, 1 SHMU = 0.022375 USDT.

According to the team, SHMU’s price increases every day at 6 pm GMT. In a few hours, the token will go for 0.022600 USDT. The token began trading at $0.011125 when the presale began and will trade at $0.0244 when the presale ends. Investors can purchase SHMU tokens using Ethereum, USDT, BNB and BUSD

Should you buy Shiba Memu now?

Investing in a project during its presale is usually the best decision as it allows you to get into projects earlier than other investors. The ROI generated during that period usually exceeds what other investors make. 

Shiba Memu is an exciting project that will use AI technology and blockchain. If the project gains the necessary adoption, SHMU’s price could rally higher over the next few months and years. 

The performance of the broader cryptocurrency market could also determine SHMU’s price. A bullish run in the medium term could see SHMU’s price soar higher. 

The post Shiba Inu price outlook as Shiba Memu’s presale tops $2.2M appeared first on CoinJournal.

• Chancer introduces blockchain-based betting based on the P2P model

• Chancer could benefit from a strong and growing betting market, valued at 81B in 2022

• The price potential for Chancer is huge and could surpass 1,000% in 2024 and beyond

Have you ever thought of how much potential blockchain-based betting has? Well, the traditional global sports betting market alone was valued at $81.03 billion in 2022. The sector growth is estimated at 9.50% up to 2030. This projection has inspired blockchain-based betting, with Chancer being its firstcomer. Essentially, blockchain is one of the most rapidly growing sectors. Chancer has the potential to beat the growth rate in traditional betting under its novel model.

Chancer’s presale and what it means for investors

Ahead of the launch of its decentralised betting platform, Chancer is welcoming investors. The project launched a presale of the token, $CHANCER, which has seen huge demand. Over $1.65 million has been raised in two months as investors bet big on blockchain betting. 

Investors see the Chancer token as an opportunity for 2023 and beyond. CHANCER will be used to transfer value through the betting platform. Should Chancer become mainstream in betting, the demand and use of the token will increase. This could see the token skyrocket in value and generate sustainable gains in the long term.

Chancer also carries a rare opportunity for creators. Users can create and customise their own betting games and be rewarded. The attribute embodies a peer-to-peer model, where users build Chancer markets on predictive events. This gives Chancer more than a betting use case and makes the platform attractive to investors. Besides, the token can be staked for investors to earn passive income.

How does Chancer work?

Chancer functions as a P2P model, where users relate directly to each other. In P2P betting, users come up with betting events and invite others (peers) to bet for and against them. Users can create a Chancer market for any event, expanding the scope of betting. For example, you can bet about an upcoming marathon, election, or even weather conditions.

Next, users set rules for their betting market. They also decide on the odds of successful winning in the betting event. The flexibility means users are open to what they can do, overcoming restrictions in traditional betting. 

Based on the outcomes of the betting event, users can claim winnings using the Chancer token. The P2P relationship is secured via a decentralised Chancer ecosystem. The system guarantees transparency and trust for bettors and investors.

Besides, Chancer features live streaming using Google-powered WebRTC capabilities. The features allow the community to engage, communicate, and watch live gameplay activities.

Chancer prediction and market potential

It might be too early to judge about the future potential of Chancer. However, being the world’s first blockchain betting platform, the potential is huge. The platform changes how betting is done and gives investors more value and income opportunities. That makes Chancer an attractive investment now and in the future. 

Predicting the Chancer token, sustainable gains could be realised in 2024. Analysts have predicted up to 1,000% increase in price. In the future, the value could rise by bigger margins as the Chancer platform witnesses organic use. 

The price of Chancer could be a bit volatile in 2023 due to high speculation. The volatility allows early investors to cash in on strong price moves when the token is listed in Q3 2023. A price increase of up to three-digit percentages should be considered realistic in 2023. 

Should you invest in Chancer this week?

Chancer’s presale has happened fast, and the listing is drawing closer. Investors that buy the token on presale are more advantaged as they can ride the price momentum after listing. As such, the presale presents an opportunity for investors looking to maximise returns. Investors can buy the token via ETH, USDT, BNB, and BUSD.

The post Inspired by blockchain betting, Chancer seeks to leave a mark in 2023 and beyond appeared first on CoinJournal.