Shiba Memu presale: Meet the robot meme dog with a touch of AI genius

  • Shiba Memu is looking to dominate the meme coin sector with a pioneering AI-powered utility token.
  • The concept behind this robot meme with a touch of AI genius is what could astound the legacy meme coins space.
  • SHMU presale has raised more than $356k in less than a week.

Talk of meme coins today and what’s likely to pop up in front of you would be the latest Shiba Inu dog meme dubbed Shiba Memu (SHMU).

Granted, Dogecoin (DOGE) and Shiba Inu (SHIB) sit pretty in the upper deck of the market cap ranking, their status as top meme dogs not under immediate threat. But is there a hint of investor focus shifting to a new project that promises to bring the best of two technology worlds together in an explosive marketing powerhouse?

The SHMU presale, which can be accessed here, suggests this scenario could indeed surface.

What is Shiba Memu?

Today’s biggest trends are crypto and artificial intelligence (AI) – and raring to go amid the exuberance is Shiba Memu. So the question one might want to ask is ‘what is Shiba Memu?’

As briefly noted earlier, Shiba Memu is a new, revolutionary meme token that combines the power of blockchain and AI. While the meme token possesses all the attributes of memenomics, it comes loaded with “new tricks” that could see it become an unstoppable marketing powerhouse.

It will run on both ERC20 and Binance Smart Chain networks.

How does Shiba Memu work?

AI tools can do wonders when it comes to tapping into machine learning and natural language processing (NLP), the reason it’s such a hot topic even in the mainstream tech industry.

Shiba Memu taps into this to replace the human effort that traditional meme tokens employ to gain traction. Instead, the whitepaper outlines a self-sufficient marketing platform powered by the native SHMU token.

At the heart of all the marketing will be an AI dashboard accessible and visible to all token holders. It will use NLP and ML as well as sentiment analysis, predictive analytics, image and video recognition and personalization (think of how effective ads marketing has become and tinker with that using an AI-powered dog that’s capable of so much).

Some of the things the meme can achieve include creating marketing strategies, writing own PRs, and promoting itself over and over again. Leveraging AI means the project can outperform tabloid newspapers when it comes to getting content across for the purpose of attracting even more attention.

Other than churning “gazillions” of data and marketing details about the project, the robot meme dog will also monitor its own performance and adjust for optimized output. Engaging with users directly is another strategy of this project, the result of which could be increased visibility and trust in the token and potential uptick in specific demand for SHMU.

Shiba Memu presale

The roadmap for Shiba Memu includes the launch of the above-mentioned AI dashboard in Q1, 2024. The platform will also implement user engagement features such as feedback and integrate social media platforms to boost marketing.

Development of the project will continue throughout the first half of the year, with listing on major exchanges expected in Q3, 2024. These future developments are however preceded by a token presale that will see 85% of total supply of 1 billion SHMU available to early investors.

It’s barely a week into that presale and investors have allocated over $356k into the project, with more than 25.7 million SHMU grabbed. Investors know that participating in the presale is one of the ways to get hold of Shiba Memu at greatly discounted prices.

One major difference between the Shiba Memu presale and similar token sales is that this one is open-ended and is scheduled to last 8 weeks. During this time, SHMU’s price will increase every day at 6pm GMT. 

The current presale price is $0.012475 and the next uptick will see it rise to $0.0127. It will double from here every time it increases until it reaches $0.0244.

How do you buy Shiba Memu tokens?

There’s only one way to buy SHMU during the presale – visit the project’s website. The project will go live on both the ERC20 and BSC networks. This means buying is available via ETH, USDT, BNB, and BUSD and one will need to have a supported wallet.

Currently, that’s MetaMask for desktop users and Trust Wallet when buying on a smartphone.

After the presale and when tokens go live, earning SHMU will be possible via providing liquidity on a DEX and get rewarded in transaction fees. Another way to get hands on more of these meme tokens would be through buying on exchanges or staking to earn rewards.

Do you want to know more about Shiba Memu? Click here.

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Raoul Pal shares massive price prediction for Solana

  • Raoul Pal, CEO of Real Vision is super bullish on Solana (SOL).
  • According to Pal, SOL could rally 20x from current levels if it mirrors Ethereum’s 47x move from its 2018 low.
  • He also says Bitcoin price could triple from its all-time high level amid a supply crunch in 2023.

Raoul Pal, the founder & CEO of Real Vision suggests Solana (SOL) could embark on a massive price move. If the “dream scenario” for the world’s 10th largest cryptocurrency by market cap occurs, SOL could outperform both Bitcoin (BTC) and Ethereum (ETH).

Pal shared his massively bullish outlook for Solana during a recent interview in which he shared  views on varied topics. These  include AI and its impact on jobs, BlackRock’s ETF filing and CEO Larry Fink’s remarks about BTC.

He also aired his thoughts on the Ethereum/Bitcoin flippening debate, central bank digital currencies (CBCDs), global economy and government money printing before briefly offering his price prediction Solana. The macro guru also shared predictions for Bitcoin and Ethereum.

Solana price prediction

On what he thought of the price performance of BTC, ETH and SOL in the next bull cycle, Pal shared a highly bullish projection for Ethereum’s “competitor.”

Currently, Solana trades around $21, about 1.4% down in the past 24 hours. 

However, the cryptocurrency is more than 10% in the green over the past seven days and 43% in the past 30 days. While it’s also down 43% from its value a year ago, Pal noted that the bottom might have come when prices fell to around $9 in December 2022.

With this outlook, Pal suggests SOL could do what ETH achieved after bottoming in 2018 – roaring to its all-time high above $4,800 during the last bull market. The macro guru says that if Solana takes on this projection, the potential gains could be staggering.

He compared the 47x that ETH saw after the 2018 low to what Solana could do. He opined:

Look… there’s a possibility – a dream scenario – that Solana does what ETH did from the 2018 low which was a 47x. The Solana low was nine bucks, so you could do the maths [and] the numbers are potentially very interesting.”

While Solana’s price might not do the 47x or so that Ethereum price managed since its bottom in 2018, Pal predicts a “20 something x” move. According to him, this is a reasonable outlook for a protocol that’s battle-tested and is seeing a huge spike in network and ecosystem activity.

Should Pal’s bullish outlook for SOL price hold, it would mean an eventual burst to prices above $400 for the cryptocurrency. In the last bull market, Solana rose to the all-time high at $260.

Bitcoin and Ethereum price predictions

For BTC and ETH, Pal agreed with projections of a 3x and 5x respectively – suggesting Bitcoin could more than triple its value during the next bull cycle. However, that is from the all-time highs that was $69,000 in November 2021. 

Trippling from that ATH would mean a 6x from current prices, he opined. But that would depend on severa factors that could dictate market direction.

It’s very difficult to predict where it actually goes, but what we can say is [that] it’s reasonable that Bitcoin from all-time highs doubles or triples. That’s not asking a lot. That will be the worst bull market in Bitcoin’s history.

According to him, a potential supply crunch in 2023 is what could squeeze Bitcoin to a new all-time high.

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Binance.US to delist 40 trading pairs, pauses OTC trading

  • Binance.US is delisting advanced trading pairs for coins such as AAVE, BCH and MKR on June 8.
  • The 40 coins being delisted are for advanced trading pairs of USDT, BTC and BUSD.
  • Binance.US has also paused its OTC trading, but says withdrawals and deposits remain open.

Binance.US, the US-based subsidiary of the world’s largest cryptocurrency exchange Binance, has announced it will delist 40 trading pairs.

The exchange also revealed it had paused OTC trading, with the news coming a day after the SEC sought to freeze the company’s assets following a lawsuit against Binance and its CEO Changpeng Zhao.

After careful consideration, Binance.US will remove select Advanced Trading pairs on June 8, 2023 at 9 a.m. PDT / 12 p.m. EDT,” the exchange wrote in a notice to users.

We have also decided to streamline our Buy, Sell & Convert offering and have paused our OTC Trading Portal. Your assets remain safe and secure with Binance.US, and deposits and withdrawals continue to function as normal.”

According to the notice published Wednesday June 7, 2023, the advanced trading pairs Binance.US plans to delist are for 40 altcoin pairs of USDT, BTC, and BUSD. 

The majority of the pairs, 30, are for USDT and include 1INCH/USDT, AAVE/USDT, BCH/USDT, CHZ/USDT, COTI/USDT, MANA/USDT, MKR/USDT, and ZEC/USDT.

The platform will also delist eight BTC pairs and two BUSD pairs, with the former including ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, and XTZ/BTC. The BUSD stablecoin pairs to be removed are HBAR/BUSD and ONE/BUSD.

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SUI price dips below $1, BTC, ETH struggle as crypto market shrinks 2.6%

  • Sui (SUI) fell below $1, while Bitcoin and Ethereum dropped below key levels at $26,500 and $1,800 respectively.
  • Altcoins were selling off on Wednesday as the global cryptocurrency market cap dropped to $1.15 trillion, down 2.6% at the time of writing.
  • A confluence of headwinds, including the uncertainty around the US debt ceiling talks and possible default were likely triggers.

The price of Sui (SUI) fell below $1 on Wednesday as the broader cryptocurrency market continued to sell-off after recent declines catalysed by macroeconomic news events.

At the time of writing, SUI traded at $0.97, about 7.6% down in the past 24 hours and -16% over the past seven days. The token’s daily trading volume was just over $235 million, up 115% from a day earlier as selling pressure mounted.

Today’s declines for Sui sees its price below the dollar for the first time since its token launch for trading on exchanges. On 3 May 2023, SUI reached its all-time high price of $2.16. At the current value, its down nearly 55%.

Crypto market shrinks 2.6% as BTC, ETH and altcoins struggle

As SUI fell to its lowest price level so far, the sentiment around crypto did not help the global cryptocurrency market cap. According to data from market data aggregator CoinGecko, the total crypto market cap was down 2.6% in the past 24 hours at the time of writing, hovering around $1.15 trillion.

Crypto markets were also down as Bitcoin (BTC) price retreated towards $26k amid continuing uncertainty in the financial market. The benchmark cryptocurrency’s market cap was $508 billion, down 3.7% from a day earlier.

Ethereum also struggled to maintain recent upside momentum, with ETH price trading at $1,789 and about 3.3% down in the past 24 hours.

ETH and BTC both hit year-to-date highs above the psychological levels of $2,000 and $30,000 respectively. However, a confluence of headwinds, including regulatory uncertainty have catalysed declines that threaten further rot to critical support zones.

At the moment, another downward trigger is the uncertainty around the US debt ceiling talks and possible default. Stocks were down on Wednesday as a result of investor jitters.

All the top 10 altcoins were also down, including XRP and Litecoin that have had some upside in recent weeks. Crypto analysts say further declines could spell danger for the market. Michael van de Poppe shared such an outlook.

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KAVA in danger of erasing gains after 40% spike – here’s what happened?

  • KAVA price jumped more than 40% despite the overall market lull, reaching highs of $1.56 on Binance.
  • While there was no clear trigger for the surge, Kava has had a few major developments in recent weeks.
  • KAVA currently trades around $1.17 and is in danger of giving up all the gains if profit taking deals intensify.

The price of KAVA is up about 9% in the past 24 hours as at 9:30 am ET on Tuesday, 23 May. The KAVA/USD pair is trading around $1.16 amid increasing pressure from profit takers. 

But before the current sell-off pressure, the price of the Cosmos zone token had rallied more than 40% to hit its highest level since November 2022.

Kava price sliding after rally to multi-month high

The price of KAVA rose to $1.56 on leading cryptocurrency exchange Binance, with the token spiking 44% from lows of $1.08.  The token’s value was up nearly 63% in the past 30 days.

Kava price jumped more than 40% on Tuesday morning as shown in this chart. Source: TradingView

Kava is a highly scalable Layer-1 blockchain that combines the speed and interoperability of Cosmos and the developer power of the Ethereum Virtual Machine (EVM). There was no apparent trigger for the huge move today. However, here’s why the token’s value might have rallied so hard for a brief moment before investors likely started taking profits.

Although likely a normal pump episode, the price gains follow the recent launch of the KAVA 13 mainnet and the announcement of a new integration with a leading data indexing platform SubQuery. SubQuery’s indexer tool is available across Osmosis, Cronos and Fetch.ai in the Cosmos ecosystem.

The blockchain developer toolkit is also available for Web3 developers across Ethereum, Polygon, BNB, Flare, NEAR, Polkadot, Avalanche, and Algorand. It is offered as a data-as-a-service solution that allows users to focus on core project use cases and the front-end, all without having to first build a custom backend for data processing.

Kava also announced a $5000 giveaway as it celebrated the launch of NFTs and GameFi on its chain.

What next for the KAVA price?

Today’s price surge for KAVA appears to have been an outlier of sorts given the overall outlook of the crypto market. It’s possible such gains will not hold and any correction that follows could wipe all the upside movement.

KAVA/USD might thus retreat to support at $1.10 or lower if current levels near $1.20 fail to hold. On the flipside, an uptick across the market or fresh pump based on new KAVA news could see buyers target a retest of today’s highs.

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