Shiba Memu sets a new presale milestone as enthusiasm builds for the meme sensation

  • Shiba Memu has raised over $3 million as presale underlines investor interest.

  • Shiba Memu is unique in its AI marketing, focusing on making it sustainable.

  • A potential 50x gain could be realised based on margins recorded by meme cryptocurrencies. 

Investor interest in new meme cryptocurrencies is undeniably high. Small projects that started as a joke, like Dogecoin and Shiba Inu, have become big names. When PEPE launched earlier this year, investor interest pushed the token to thousands of percentage-digit gains. It is no coincidence that Shiba Memu, a new AI-led meme cryptocurrency, is attracting a huge demand. Still on presale, the token has crossed the $3 million mark on amounts raised. With this unstoppable demand, you can learn more about this token and whether you should invest.

What is Shiba Memu, and how is it unique?

Shiba Memu is a sensational meme crypto project that aims for high ROI by tapping into the power of AI. The project uses AI to optimise its marketing interventions and track branding initiatives. Shiba Memu can also identify positive and negative sentiments on online forums and social media. It then uses the information to inform its marketing campaigns.

The self-marketing concept effortlessly creates hype and popularity for Shiba Memu. For a sector driven by speculations and online chatter, the capabilities enable Shiba Memu to grow powerful. 

Shiba Memu also taps into the power of predictive analytics to stay ahead of rivals. The project can forecast future marketing trends and adjust its branding techniques. An AI personalisation feature also lets Shiba Memu customise its PR strategies. The feature underscores Shiba Memu’s commitment to generating sustainable income for its investors.

Shiba Memu also stands out as a powerful AI project for social engagement. Users can directly engage with the AI through a dashboard and learn from it. From hot topics in creative advertising to captivating crypto conversations, Shiba Memu can do it all. Users can also ask questions and get feedback from the AI. The capability lets Shiba Memu tap into the power of social connections to grow and become more intelligent.

Is Shiba Memu the best meme crypto of 2023?

A few established names may pop up when considering the best meme cryptocurrencies for 2023. However, these tokens, most listed on exchanges, are enduring a prolonged crypto winter. That leaves investors with limited options for meme investment. Shiba Memu is yet to debut on exchanges, meaning its value is still locked. 

As we saw with PEPE earlier this year, meme cryptocurrencies are best when they are starting. Gains can be as high as 50x as speculations are high and investor interest solid. Given this historical trend and market situation, Shiba Memu could be the ideal investment. 

Another investment thesis for Shiba Memu is its utility beyond speculation. Once you have bought the tokens, you can stake them in a smart contract platform or staking pool. Investors earn yields for their staked tokens. Other investors will earn transaction fees by offering liquidity through a decentralised exchange. The use cases could drive investment and demand for the project and generate long-term returns.

Shiba Memu tokenomics and unique presale

From the project’s roadmap, 85% of SHMU tokens will be offered at a discount before the token is listed. The team has set the total supply at 1 billion, with investors rapidly taking the tokens off-shelf. 

The demand can be attributed to Shiba Memu’s unique presale. Since opening the presale, the value of Shiba Memu has risen steadily. From an initial starting price of $0.011125, the token is now valued at $0.028900 and is still on the move. 

The price gains reflect the project’s tokenomics, allowing SHMU value to rise daily at 6 PM GMT. By the time the presale ends, investors will receive more valued tokens than they invested.

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Pancakeswap integrates with Transak to ease crypto purchases with fiat

Key takeaways

  • Pancakeswap has integrated with Transak for fiat onboarding on multiple chains.

  • Users can now purchase cryptocurrencies with debit cards, Google Pay, Apple Pay and other methods via Transak.

Pancakeswap integrates with Transak

Decentralised exchange PancakeSwap has integrated with Transak, a developer integration toolkit that allows users to buy/sell crypto in any app, website or web plugin.

Transak is now part of the Pancakeswap “buy crypto” tab, enabling Pancakeswap users to purchase cryptocurrencies using a wide range of payment options.

According to the announcement, Pancakeswap users can now purchase cryptocurrencies with fiat currencies using numerous options such as credit cards, bank transfers, Google Pay, and Apple Pay.

This isn’t the first fiat purchase option integrated by Pancakeswap. The decentralised exchange had previously integrated Mercuryo and MoonPay into its platform, with Transak now the third payment option available to users. 

Pancakeswap is one of the leading decentralised exchanges in the world. It is currently available on multiple blockchain networks, including BNB Smart Chain, Ethereum, Base and Polygon zkEVM.

The DEX currently has more than $1.3 billion worth of cryptocurrencies in its contracts and processes more than $150 million in daily trading volume. 

Transak is supported by seven blockchains

According to the announcement, Pancakeswap said Transak is now available across nine cryptocurrencies on seven blockchains at launch. Some of the supported chains include Ethereum, Polygon zkEVM, zkSync Era, Linea, Base, BNB Chain, and Arbitrum.

While commenting on this latest cryptocurrency news, PancakeSwap’s pseudonymous leader, head chef Mochi, said,

“It’s imperative that entry points remain simple yet robust. Transak’s expertise in fiat on-ramping, combined with PancakeSwap’s platform capabilities, promises an era where diving into decentralised finance is intuitive and barrier-free for all.”

Pancakeswap has been building despite the ongoing bear market. In August, Pancakeswap V3 launched on the Ethereum Layer 2 Linea mainnet. Linea is an EVM-compatible zero-knowledge proofs network developed by ConsenSys.

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Uniswap launches an educational platform in conjunction with Do DAO

  • Uniswap’s launch of Uniswap University, in partnership with the Do DAO underscores its commitment to user education and engagement.
  • This initiative offers a structured learning pathway and practical experience opportunities, empowering users to navigate the intricacies of the V3 exchange.
  • With a legacy of innovation and growth, Uniswap continues to be a pivotal player in the world of decentralized exchanges.

Uniswap, the decentralized exchange (DEX) powerhouse, has rolled out an educational initiative called Uniswap University in collaboration with the Do Decentralized Autonomous Organization (DAO), a blockchain education-focused entity.

This endeavour marks a pivotal move in enhancing user engagement and understanding of Uniswap’s V3 exchange.

The Uniswap University

Uniswap University is designed as a structured learning platform aimed at facilitating the onboarding process for users diving into the intricacies of the V3 exchange. It offers an array of resources, including courses, simulations, and quick guides, catering to individuals at various proficiency levels.

Through Uniswap University, users can access a comprehensive spectrum of knowledge, ranging from fundamental concepts like “What is a DEX?” to more advanced subjects such as “Strategy Backtesting Tools.” The inclusion of interactive simulations for activities like adding/removing liquidity and exploring advanced position management tools enables users to swiftly gain practical experience.

One notable offering within the educational repertoire is an advanced course that delves into the fundamentals of becoming a liquidity provider on the V3 exchange. This course introduces users to diverse strategies, each accompanied by its own set of advantages and drawbacks. Strategies encompass holding stable coins, maintaining 50% of two different tokens, having 100% exposure to a single token, providing liquidity across a wide range, offering liquidity within a narrow range, and participating in volatile token pools.

Uniswap’s Business Source License expiration

Earlier this year, Uniswap’s Business Source License expired, granting developers the freedom to fork the Uniswap V3 protocol and establish their own DEX platforms. Notably, shortly after its May 2021 launch, Uniswap V3 outstripped Bitcoin (BTC) in terms of fee generation.

A staggering $451 million worth of coins and tokens were traded on the Ethereum (ETH) mainnet via Uniswap V3 alone. The V3 protocol boasts an impressive $3.2 billion in total value locked (TVL), comprising liquidity pools, staking mechanisms, and DeFi lending.

According to data from DeFiLlama, the cumulative revenue generated by Uniswap’s V1, V2, and V3 protocols amounts to a substantial $327 million annually. During the height of the 2021 bull market, Uniswap reached an astounding peak TVL of $10 billion.

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Massive development for VeChain (VET) as self-custody wallet goes live

  • VeChain has officially launched VeWorld, its self-custody wallet.
  • VeWorld supports features such VIP-180 tokens, currency conversion and fee delegation.

VeChain has announced the official launch of VeWorld, the enterprise-focused L1 blockchain’s new self-custody wallet.

VeWorld integrates with WalletConnect, an open-source blockchain standard that allows users’ wallets to connect and interact with decentralised applications (dApps) and other wallets. It’s a bridge that connects the Web3 wallet to the dApps ecosystem, bringing the benefits of interoperability to developers and the broader VeChain user base.

As such, the mobile wallet’s unveiling means the VeChain ecosystem has added a key piece of infrastructure for crypto. It also marks a milestone achievement for the developer team.

Our developers have been working diligently, day and night, to build and deliver a superior VeChain wallet. Today marks the culmination of those efforts,” reads part of a blog post announcing VeWorld.

Features include currency conversion and fee delegation

VeWorld’s first iteration includes features such as support for VIP-180 tokens (VeChain’s native token standard), currency conversion (either in Euro or USD), and fee delegation. The wallet supports both iOS and Android.

In the future, VeWorld will be upgraded to bring numerous features to users, including VeChain dApp store integration, fiat on/off ramp, DEX functionality, support for asset-bridging and carbon footprint tracking.

VeChain (VET) price

VeChain (VET) traded around $0.01720062, roughly 2.6% down in the past 24 hours. The declines for VET came as the broader crypto market dropped 1.8% amid price slips for Bitcoin (BTC) and Ethereum (ETH). 

BTC was down to $26,600 and ETH to below $1,600 as markets reacted to central bank monetary policies. Continued FUD across the crypto market was also weighing on sentiment.

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