Monat: November 2023

• Shiba Memu presale was extended for the second time, with the final date now December 30.
• Interest in the project has been huge, with over $4.37 million raised so far.
• The Shiba Memu price could rise sharply when the token launches on top exchanges next year.

Crypto traders and investors are sizing up the market for what could be defining opportunities in this bull cycle. Although the flagship cryptocurrency Bitcoin is expected to lead the new bull market, a few projects are emerging to challenge established altcoins for the breakout coin or token this cycle.

One of these could be Shiba Memu (SHMU), whose presale just got extended as demand pushed total investment raised to over $4.37 million.

What is Shiba Memu?

Shiba Memu seeks to become one of the top cryptocurrencies in the market when it launches next year. Per the project’s whitepaper, the new meme coin has integrated AI to create a marketing powerhouse.

In this case, Shiba Memu will have a 24/7 marketing approach, with natural language processing and predictive analytics part of the technology that will drive the AI dashboard. Other than publishing its own press releases and feeding these to relevant forums and social media platforms, the AI dashboard will continuously adjust to better its performance.

Token holders will also be able to engage with the AI dashboard directly, providing feedback and suggestions that the robotastic dashboard will act upon to the benefit of the network.

Shiba Memu presale extended

The Shiba Memu network is powered by SHMU, which, while it falls under the category of meme coins like Dogecoin and Shiba Inu, comes equipped with key features like staking to add to the overall utility. Early bird investors have a chance to buy this token during its presale.

Although an earlier extension had the Shiba Memu presale penned for an October 31 close, demand from across the market has seen this now extended to December 30. It means SHMU will be available at the likely low prices of the sale offer for another 60 days.

An announcement from the team posted on X on October 31 notes that this wasn’t “just another extension,” but a “strategic move” aimed at positioning SHMU for potential listing on Tier 1 exchanges. It also allows the project to fortify its community, a crucial cog for any project.

Shiba Memu price prediction

The Shiba Memu whitepaper earmarks 85% of the total supply of 1 billion SHMU tokens for presale. At its launch, the token’s presale price was $0.011125, and has an innovative feature that sees a daily increase at 6 pm GMT. It means investors could see how long they had before the next price spike.

Currently, SHMU is priced at $0.039250 and is expected to hit $0.039475 in the next stage. This systematic approach to daily pricing will continue until December 30.

Analysts project the cryptocurrency’s price could then rise significantly when the token lists on major exchanges. For instance, this outlook could be strengthened if a tier 1 exchnage like Binance were to list SHMU – a move that has recently seen Memecoin (MEME) and Ordinals (ORDI) prices skyrocket. 

Notably, bullish forecasts for SHMU are based on several critical factors, including the AI narrative, expected crypto bull market and Shiba Memu’s innovative approach to meme coins.

A similar prospect for Shiba Memu could mean a spike above $0.1 after the tokens hit the secondary market. If it happens, the $0.5-$1.00 price range in the second half of 2024 might be possible.

The post Shiba Memu price forecast after presale extension appeared first on CoinJournal.

• Ordinals (ORDI) price spiked more than 45% on November 7 as Binance announced trading support for the token.
• The short term outlook could be one where Ordinals price rises in tandem with bitcoin price.
• Meanwhile, Memeinator (MMTR), a new AI meme coin, is attracting huge interest after Binance’s recent listing of Memecoin (MEME) sparked interest in these tokens.

Ordinals (ORDI) price was skyrocketing on Tuesday morning as the market’s interest in BTC inscriptions rose sharply. The spike follows news that Binance, the world’s largest crypto exchange by trading volume, will add trading support for ORDI.

ORDI price rose to a high of $28.62 in May as the frenzy around bitcoin inscriptions pushed transaction fees higher as network congestion impacted Bitcoin.

What does listing on Binance mean for Ordinals price and what is it likely to mean for new projects like Memeinator (MMTR)?

Binance to list Ordinals (ORDI)

Binance has announced that it will list the Ordinals (ORDI) token and open trading for ORDI/BTC, ORDI/USDT and ORDI/TRY spot pairs at 10:00 (UTC) on November 7. The announcement has seen the price of ORDI surge by more than 45% in the past 24 hours. 

Cumulatively, ORDI price gains are currently more than 217% over the last 30 days.

Ordinal inscriptions are digital assets representations on a satoshi, with unique information forever stored on the Bitcoin network. These inclusion of text, images, audio or video on satoshis bring NFTs to Bitcoin. 

Data shows there have been over 38 million ordinal inscriptions so far, and demand for these appears to be getting fresh impetus from the potential rally for crypto.

What is Memeinator?

Memeinator is a new meme coin project that seeks to dominate this market segment by seeking out and destroying all weak meme tokens.  Its strategy is to combine powerful marketing and innovative product launches with real value utility.

The Memeinator network will be powered by the MMTR token, which will bring the benefit of staking, NFTs and gaming – the latter in the form of an action game – to holders.

At the heart of the project is the integration of AI with blockchain technology. AI not only aligns Memeinator with a powerful narrative, but also offers the project an edge over would-be competitors. 

(More details about how the Memeinator works can be found on the official presale page.)

Ordinals price prediction

At the moment, most altcoins are eyeing an upward momentum amid the rise in Bitcoin price, which hovers near $35k and is forecast to rally higher in coming months. 

The confluence of bullish factors for both BTC and higher beta alts is likely to catapult ORDI, the Memeinator and other emerging gems higher if the anticipated bull market comes into full swing. 

ORDI is currently poised near the $12.58 resistance area. If bulls break past this supply wall, the main target in the next few weeks could be the resistance at $16.50. ORDI/USD could aim for $20.00 in this window. 

Memeinator price prediction

As the broader crypto market warms up to a potential “Santa Claus” rally, this positive outlook is also being witnessed in the meme coin world. 

The meme market cap was up 4% in the past 24 hours at the time of writing, climbing to above $17.5 billion as Dogecoin, Shiba Inu and Pepe recorded notable gains.

Binance’s listing of Ordinals comes days after the exchange added trading support for Memecoin (MEME), sparking fresh interest in memecoins. One of these is Memeinator, whose presale has already raised more than $1.1 million.

While Memeinator is a new token and therefore largely prone to price volatility, the listing on top exchanges like Binance could have a significant impact on its value. This is a picture that could materialize for MMTR when it launches in early 2024 as outlined on the project roadmap.

Priced at $0.0125 at the current presale stage, MMTR is expected to rise throughout the other stages to hit $0.0485.

The post Ordinals and Memeinator price prediction as Binance lists ORDI appeared first on CoinJournal.