Monat: Oktober 2023

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FOMO pushes Shiba Memu to near $4M as presale inches to a close

  • Investor FOMO drives Shiba Memu to $4 million presale
  • What makes Shiba Memu unique compared to other meme tokens?
  • Is Shiba Memu a good investment?

Shiba Memu extended its presale after an initial offering saw massive demand from an excited community. Now with cryoto in bullish mood and the presale extension nearing a close, the fear of missing out on what could be a great investment opportunity is driving new interest. 

Shiba Memu presale near $4 million

While speculation on what Shiba Memu can achieve is likely behind part of the early enthusiasm about this project, most of it could be down to what makes it unique from other meme tokens.

Global investors keen to diversify their portfolios with this token have poured millions into the project via the Shiba Memu (SHMU) presale. Having launched for an initial 60 day period in July, the Shiba Memu team moved to extend the offering to October 31. 

The new timeline has accorded interested investors an opportunity to buy SHMU.

As of today, the countdown to the presale is down to seven days. Evidently, FOMO has kicked in and as the programmed daily price increases move towards the final offer price of $0.0379, the total amount raised could be well above the $4 million mark.

Data on the official presale page shows investors have allocated $3,996,517 to SHMU positions.

Why could Shiba Memu be a good investment?

As a new meme token, Shiba Memu looks to tap into the power of blockchain and artificial intelligence to create a unique crypto project. The whitepaper outlines how it seeks to leverage AI to create a marketing powerhouse and self-sufficient ecosystem.

Unlike other tokens that rely on hype generated by influencers and celebrities to gain traction, Shiba Memu will create its own 24/7 marketing machine, underpinned by its AI dashboard. Analysts say this outlook has the capacity to see the native SHMU token eventually overtake leading meme coins in the market.

This possibility begins when Shiba Memu’s presale ends and SHMU begins to list on some of the world’s largest cryptocurrency exchanges. According to the roadmap, this is expected to roll out in the first quarter of 2024, with BitMart already snapped as the first CEX partner.

Key Shiba Memu developments lined up

As the trading support unlocks token utility and helps bulls push higher amid price discovery, the AI marketing tool will launch in the following quarter. Machine learning, launch of the AI dashboard and integration with decentralised applications (dApps) will follow as the market moves deeper into the expected bull market period.

Community engagement via these developments could put SHMU in the mix as likely revelations among the next bull cycle gems. The FOMO currently being witnessed will only intensify as investors recall the staggering gains tokens like Shiba Inu and Pepe notched during their respective market debuts.

It means taking a bid during the presale could offer the best route to better returns should the Shiba Memu token rally.

The post FOMO pushes Shiba Memu to near $4M as presale inches to a close appeared first on CoinJournal.

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The Memeinator outlook amid MicroStrategy’s $60M unrealized BTC gain

  • The Memeinator presale has raised nearly $820k within weeks of its launch and is seeing huge interest.
  • This article looks at MicroStrategy’s Bitcoin investment amid BTC price resurgence
  • What does this mean for crypto and for investors looking to tap into new opportunities?

MicroStrategy is reportedly sitting on $60 million in unrealized gains from its haul of Bitcoin (BTC). Despite the crypto market’s bearish flip over the past two years, the business intelligence company continued to buy rather than fold and sell its holdings. The recent purchase of more than $147 million worth of BTC illustrated the firm’s long term bet on the asset.

Despite the bear market’s brutal impact on businesses, MicroStrategy’s approach suggests long term investors could reap big from their crypto investments.

Could this outlook also apply to diversified bets on promising altcoins, one of which could be the Memeinator (MMTR)?

Why MicroStrategy’s Bitcoin bet could pay off big

In September, when MicroStrategy founder and CEO Michael Saylor announced the firm’s latest Bitcoin purchase, he noted that they hodled 158,245 BTC acquired at $4.68 billion. The average buy price was $29,582, while the benchmark crypto traded around $27k at the time.

BTC/USD is down significantly from its all-time highs of $69k. However, the surge above $30k that comes after a brutal downturn illustrates the likely benefit of resilience for investors. 

Investors will know that the crypto ecosystem’s wild price fluctuations do pose a risk to any portfolio. Yet, what the $60 million unrealized gains for MicroStrategy show is that this could easily jump into hundreds of millions of dollars. That is, if BTC price goes parabolic as anticipated in the next bull cycle.

Analysts have predicted that Bitcoin price could rally to a new all-time high above $100k if a spot Bitcoin ETF is approved and coincides with the upcoming rewards halving event. Further adoption amid mainstream investment could propel the coin’s value higher in the long term. It’s what MicroStrategy appears to be betting on and one strategy that realizes the obvious risks also come with great potential.

Although Bitcoin stands out within the crypto space, a number of altcoins have emerged as top long term investment bets, with investors positioning themselves amid the bull market predictions. Among the new projects is the Memeinator (MMTR).

What is Memeinator?

Imagine a crypto world where all puny meme tokens are a thing of the past, and only real value tokens are thriving amid game-changing utility to the community. That’s the outlook of Memeinator (MMTR), a new project looking to rid the meme world of worthless meme coins as it redefines the investment space.

In its whitepaper, the project defines an ecosystem that leverages artificial intelligence (AI) to bring value to holders of the native MMTR token.

With the market already a crowded space, the Memeinator seeks to distinguish itself via its tokenomics, staking, NFT, and game features – with its Meme Warfare game an addition that will disrupt the hype-driven and largely speculative meme coin investing space.

The Memeinator – an investment outlook

It’s Memeinator’s innovative approach to crypto memes that has the crypto community buzzing as evidenced by the participation in the ongoing MMTR presale. 

Notably, not all projects that have promised to take on Dogecoin, Shiba Inu and other top meme coins in the past have managed to dislodge them. But Memeinator is built differently and its revolution is getting stronger with each early bid in the presale.

Currently, the MMTR token is priced at $0.0118, having jumped from the initial $0.01. In the next stage of the presale, the Memeinator price will increase to $0.0125, before rising throughout the 29 presale stages to hit $0.049. From the current value, this increase would amount to about 315% gains by the time the tokens hit the first trading platform.

The price could explode with further demand, driven by the launch of various products such as the aforementioned P2E game. 

Like other tokens, profit taking from presale investors could inform a sudden short term dip. But as MicroStrategy continues to illustrate with its hodl strategy, taking a long term bet on the token could pay off, particularly if Memeinator hits the targeted $1 billion market cap.

Do you want to find out more about the Memeinator? Visit the official presale page.

The post The Memeinator outlook amid MicroStrategy’s $60M unrealized BTC gain appeared first on CoinJournal.

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Reddit’s r/CryptoCurrency community removes moderators accused of insider trading

  • r/CryptoCurrency removes moderators for MOON token insider trading.
  • Insider trading led to an 85% token price drop, sparking debates.
  • MOON token’s future remains uncertain, with discussions and pending decisions.

In a recent development within the r/CryptoCurrency subreddit, a community of 6.9 million crypto enthusiasts, a group of moderators has been ousted for alleged insider trading of MOON tokens.

This incident has stirred a flurry of discussions within the crypto community, raising questions about fairness, transparency, and regulatory actions.

Moderators removed amid insider trading accusations

Last Tuesday, Reddit announced its decision to terminate the “Community Points” program – a blockchain-based system designed to reward content creators and developers. This program allowed users to earn and spend community points using native tokens like MOON.

However, a significant controversy erupted when it was revealed that some moderators had traded MOON tokens shortly before the official announcement.

Approximately 30 minutes before Reddit’s decision, these moderators reportedly sold 456,353 MOON tokens, valued at $92,000, causing the token’s value to plummet by over 85% to $0.0198.

The gravity of the situation prompted swift action. Reddit’s r/CryptoCurrency community took a decisive step by removing all moderators involved in the insider trading of MOON tokens. This move aimed to address concerns of fairness and integrity within the community.

Future of MOON tokens

The insider trading incident has elicited a range of responses from the crypto community. Some individuals called for regulatory actions against the moderators accused of wrongdoing, emphasizing the need for accountability. Simultaneously, others expressed dissatisfaction with the advance notification given to moderators, arguing that all participants should have been treated equally.

The r/CryptoCurrency subreddit is now actively deliberating the future of MOON tokens.

A proposal put forth by u/mellon98, a core contributor and founder of MoonsDust, is under consideration. Additionally, the community awaits Reddit’s decision on whether to transfer the MOON token contract to the community or a burn address.

In the midst of this turmoil, r/CryptoCurrency asserts its commitment to the MOON community token, emphasizing that “Moons are here to stay.”

The Reddit r/CryptoCurrency community’s actions reflect its dedication to upholding these principles and ensuring the sustained presence of MOON tokens in the crypto space.

The post Reddit’s r/CryptoCurrency community removes moderators accused of insider trading appeared first on CoinJournal.