Monat: September 2023

• Shiba Memu brings AI to the meme sector, giving it the potential to become sustainable.

• Investors have bought over $3.4 million of Shiba Memu as investor interest returns on Shiba Inu.

• Shiba Memu could benefit from AI and meme mania to follow the price trends of her peers.

Meme cryptocurrencies are an exciting asset class. The interest emanates from the ability to return by triple or more digit percentages in a short period. Shiba Inu, one of the leading meme cryptocurrencies, has been under increased whale buying lately. Conversely, Shiba Memu (SHMU), a meme token on presale, has been riding the meme mania. Investors have bought over $3.4 million, banking on the prospects of a disruptive AI meme project. 

Does Shiba Inu buying suggest a rally is coming?

Shiba Inu’s transaction value crossed the $47 million mark on September 21. The intense buying has coincided with the stabilisation of Shiba Inu’s price above $0.000007. Although no bullish signs have been recorded so far, the buying suggests the selling pressure is low. Consequently, a price recovery could be on the horizon as the risk sentiment improves. 

Overall, Shiba Inu’s interest implies a strong belief in meme crypto investments. The meme sector market has grown to over $20 billion in market cap from $0 in early 2020. Due to the growth potential, the search for quality meme projects has been on. A potential rally in Shiba Inu could boost sentiment and benefit upcoming tokens such as Shiba Memu.

Shiba Memu, a bigger Shiba Inu rival?

In comparison, Shiba Memu and Shiba Inu are both meme cryptocurrencies. They are driven by hype and market sentiment. 

However, unlike its predecessor, Shiba Memu is novel as it taps into the power of AI. Shiba Memu uses AI to self-market itself and become powerful. As such, it can self-promote on social networks and forums, helping it generate online frenzy. 

The self-marketing concept is crucial to the value proposition of Shiba Memu. Rivals like Shiba Inu have relied on social media frenzy and influencers to gain traction. When the frenzy is lacking, these tokens relinquish gains. Due to this reason, investors have decried the lack of sustainability in the meme sector.

Leveraging AI for self-marketing makes Shiba Memu capable of delivering sustainable returns. AI works 24/7, learning all the time and reinventing its marketing interventions. Shiba Memu team believes the capability can enable the project to become a leader in the crypto market. 

Shiba Memu’s unique presale attracts investors.

Unlike other presales, Shiba Memu is unique and beneficial to its investors. The token is made to rise each day on presale at 6 PM GMT. For instance, while SHMU’s initial price was $0.011125, it has now risen to $0.030475. 

Supposing you bought the token at the initial price, you receive nearly three times the current value. The price will continue to increase up to the end of the presale. The tokenomics guarantees returns for investors buying at the presale.

Shiba Memu prediction in 2024

Predicting a meme cryptocurrency is speculative since these tokens have heightened volatility. Nonetheless, the price movements of other meme cryptocurrencies can help predict SHMU.

Reflecting, meme tokens like Dogecoin, Shiba Inu, and PEPE have been market movers. Dogecoin has moved from being labelled as a joke coin to the top 10 tokens by market cap. Shiba Inu retains the second spot among the most valuable meme cryptocurrencies. PEPE surprised the market this year as it returned by over 10,000%.

The above points to the potential that Shiba Memu carries. The value could rise suddenly when the token is listed on centralised exchanges in 2024. The price could be boosted by the frenzy around meme tokens and the AI application. With signs of a stabilising crypto sector, Shiba Memu could also benefit from improved sentiment to gain value.

The post Is a meme rally coming? Whales SHIB buying as Shiba Memu presale crosses $3.4m appeared first on CoinJournal.

• Chancer nears presale sellout in stage 3 as amounts raised surpass $2.39 million.

• Investors are attracted to Chancer’s decentralised betting feature

• Chancer could rise by up to 10x in the future as P2P betting grows

Betting has, for a long time, been centralised. Bookmakers control the platforms and decide betting rules and odds. However, this is changing with blockchain, with the idea of giving betting control to wagers. Chancer endeavours to become the world’s first decentralised platform for bettors. Users can set betting events and create rules and odds for successful bets. The decentralisation has attracted investors, who have accumulated over $2.39 million tokens in presale.

How does Chancer work?

Chancer covers two betting mechanisms: conventional betting and social betting. Conventional betting is for known events like football, basketball, marathons, etc. It is akin to traditional betting but with a touch of blockchain.

Social betting has been the most innovative feature of Chancer. This is where users bet against their peers in uncommon or private events. Let’s look at it in a hypothetical scenario:

Assume you have a local marathon that is barely known outside your area. You don’t expect such an event to feature on your usual betting platform. But you want to bet on the event with a friend, say Marathoner A or B wins it. Both of you hold contrary opinions. 

So, you can create a secure P2P market via Chancer and bet on the outcome. The winnings are secured through the blockchain platform. You can do so for several other social events with anyone, regardless of where they are. 

With social betting, Chancer opens up endless opportunities for day-to-day occurrences. This allows Chancer to open new ways to bet and grow. Users also have fun betting on their preferred social events. 

Is Chancer attractive?

Chancer could be attractive to speculators and investors. Chancer token powers a real-world use case, betting, which has increased rapidly in the past decade. As the platform attracts users, the value of Chancer could skyrocket, benefiting the speculators. The hot-selling presale gives a glimpse of the post-listing potential for the token. 

An exciting prospect of passive income generation also makes Chancer attractive to investors. Chancer rewards users for creating custom P2P markets and sharing the platform. The features make the platform attractive beyond betting, which could fuel the demand and price for the token.

Chancer is also built by its community. Users can participate in the platform growth by allocating some of their tokens through a staking feature. Investors who stake their tokens earn yields to supplement their passive incomes. 

Stage 3 presale nears sellout, with token rising to $0.013 

Chancer opened the presale at a bargain price of $0.01, which quickly sold out. The price entered the second stage at $0.011, selling out on solid demand. In the third stage, the price of Chancer is $0.012, with investors still showing interest. The stage is almost done, which will pave the way for the next price increase to $0.013.

At the end of the presale, early investors will get more valued tokens than they bought. This means investing in the token at its earlier stage offers a better opportunity. Investors could also look at the listing roadmap, which sets the token debut on exchanges in Q3 2023. As the token is listed, the price could embark on an upward trajectory as it unlocks more demand.

What is the price potential of Chancer in 2023?

Early indications of demand suggest that Chancer could rise by strong margins after getting listed. A clear project roadmap and betting momentum give Chancer a strong price potential.

Analysts have earmarked up to a 10x increase in value after the token is listed. The prediction is realistic, although the gains could occur in the medium to long term on platform use. In 2023, investors could settle for up to three-digit percentages as speculations intensify.

The post Chancer presale keeps momentum, but how attractive is the P2P betting platform token? appeared first on CoinJournal.