Kategorie: Crypto News

Key takeaways

• Shiba Memu’s presale has generated more than $1.2 million in its first month.

• SHMU’s price is increased daily, with the presale set to last for eight weeks. 

The cryptocurrency market has underperformed this week. Bitcoin has lost more than 2% of its value in the last seven days and is now trading below $30k. At press time, the price of Bitcoin stands at $29,212.

Despite the market’s poor performance, Shiba Memu’s presale has hit a new milestone. The presale has surpassed the $1 million mark in the first month of its presale. 

What is Shiba Memu?

AI has become the rage in the world now. Following the launch of ChatGPT earlier this year, we have seen a number of AI solutions crop up to solve numerous problems within society.

Shiba Memu is a project that is taking advantage of AI and blockchain technology to make it easier for people to create content and market their services. 

According to their whitepaper, Shiba Memu is designed to handle the task of 100 marketing agencies. The Shiba Memu machine is always active and is working 24/7 to find the best work going on in creative advertising, consuming it and generating better content marketing. 

Shiba Memu is launching a meme token thanks to the explosive growth recorded by meme coins in recent years. In 2020, meme coins were practically unknown in the crypto ecosystem but grew to a market cap of over $20 billion within two years. 

However, Shiba Memu could be better than most of the meme coins currently available in the crypto market, thanks to its utility. The team explained that Shiba Memu has self-sufficient marketing capabilities powered by AI technology, making it a unique and attractive investment.

With Shiba Memu, users have a powerful AI that can create its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks. Currently, Shiba Memu is available on the Ethereum and BNBChain blockchains. 

Shiba Memu’s presale tops $1.2M

Shiba Memu is becoming quite popular amongst cryptocurrency investors despite the recent bearish sentiment in the market. 

The presale has been on for less than a month, and the team has raised $1.2 million so far. The development team will use the funds to develop some of its products. 

Most of the funds generated from the presale would be used to develop Shiba Memu’s AI technology. With the Shiba Memu AI technology, the platform can engage with users directly.

The development team added that the platform would have a robotastic dashboard to interact with the AI, provide feedback, make suggestions, and ask questions. 

Click here to find out more about Shiba Memu’s presale event.

Shiba Memu price prediction

It is hard to accurately predict Shiba Memu’s price as the token is still in its presale phase. Currently, 1 SHMU = 0.016300 USDT. 

The team revealed that the Shiba Memu price increases every day at 6 pm GMT. In a few hours, the token will go for 0.016525 USDT. 

SHMU began trading at $0.011125 when the presale began and will trade at $0.0244 when the presale ends. Users can purchase the SHMU token using Ethereum, USDT, BNB and BUSD

Should you invest in Shiba Memu now?

If you are interested in the project, then it is not too late to invest in Shiba Memu. the project’s utility could make it one of the leading meme coins in the world. 

By combing AI and blockchain technology to ease marketing strategies for companies and organisations, Shiba Memu could gain massive adoption in the coming months and years. 

If the project gets the necessary adoption, SHMU, the native token of the Shiba Memu ecosystem, could record massive gains in the medium to long term.

Furthermore, if the broader crypto market enters a bullish cycle, SHMU could emerge as one of the biggest winners. Bitcoin and other major cryptocurrencies are up by more than 40% year-to-date. 

If the market fundamentals improve over the next few months, SHMU could record excellent growth once it starts trading on cryptocurrency exchanges.

The post Shiba Memu price prediction as presale hits over $1.2 million in a month appeared first on CoinJournal.

• Chancer revolutionises betting by making it possible to predict multiple events.

• Chancer launched a presale on June 13, which has been happening fast.

• The token is a 50x investment in the future as blockchain-based betting gains prominence.

A few weeks since Chancer launched a presale, investors have accumulated more than $1 million of the tokens. Very few presales raise these amounts that quickly, underlying a strong interest in the token of the peer-to-peer betting platform. As the world’s first decentralised betting ecosystem, investors believe Chancer could be revolutionary. That stems from the growing interest in betting, which Chancer aims to take to the blockchain. 

About Chancer and its P2P betting model

Chancer is a new blockchain-based betting platform. The platform will be powered by a $CHANCER token. The token will be the platform’s medium of exchanging value and claiming winnings on successful bets and other rewards. There are a total of 1.5 billion Chancer tokens in supply, but only 65% are available for presale.

Chancer aims to become the go-to destination for decentralised social and predictive markets. Betting on Chancer occurs through a P2P model, where users set their rules and odds.

Picture this: You expect candidate X to win an election. Your peers may hold a contrary opinion. So, you place a bet against them for this probabilistic outcome. Under normal circumstances, you won’t be able to bet on such a political event. Chancer allows betting via these less popular events.

Through Chancer, investors can bet on many events. They simply create a P2P Chancer market for the particular event or incidence and bet on it. In other words, Chancer increases investors’ choice and flexibility in betting. This makes the platform a remarkable way to decentralise betting and enable investors to be in charge. 

The exciting bit is that users are rewarded for creating the P2P markets. The use case makes Chancer more than a betting platform. Users can also generate passive income by sharing the platform and staking the native token.

How big is the P2P betting opportunity?

Since P2P betting is new, estimating the market size is down to estimations. However, it is easy to predict based on the market size and trends in traditional betting. 

Market reports point out that online sports betting was valued at $70.23 billion in 2021. This level is expected to grow at a CAGR of 11.7% by 2030. Growth in technology and the proliferation of the digital arena are linked with these strong trends. 

The projected growth in betting is positive for Chancer. Traditionally, sports betting dominated, but Cancer wants to bring new ways to bet. Coupled with the ever-growing popularity of blockchain, Chancer will craft a niche from traditional betting. It will also build a new niche that could increase the betting market size further through the P2P model. 

Given the above, Chancer’s betting market size is huge, conferring significant opportunities to investors. A strong demand for the platform is positive for the token and its ability to return huge. 

Chancer prediction in 2023, 2024, and the future

The Chancer token’s long-term value will be derived from the platform’s continued use and demand. As such, quantifying the future value would be highly speculative. Most cryptocurrencies have risen by thousands of percentages after finding and earning the market trust. Thus, a potential 50x increase or more in the future is probable if Chancer lives to its promise. 

However, in the short term, $CHANCER could start to find higher values when it lists on Uniswap in Q3 2023. This is when the token will unlock more demand and rise, potentially by double or triple-digit percentages.

In 2024, $CHANCER could rise by over 1,000%. The basis for the prediction is that the main platform will allow $CHANCER to be deployed for real-world use cases. That could unlock organic demand that will sustain the token’s value and push it to higher levels.

The post Chancer on a lightning presale, but how huge will P2P betting be? appeared first on CoinJournal.

• Immutable X token went vertical on Thursday and Friday morning after a series of partnerships.

• Chancer token sale has continued, with the token sale hitting over $1.2 million.

Immutable X (IMX) price went parabolic on Friday even as the crypto market remained in a consolidation phase. The token jumped by more than 20% and reached a high of $0.9290, the highest level since May 6. In all, it has soared by more than 58% from the lowest point in June this year.

Immutable X new partnerships

Immutable X is one of the biggest blockchains that focuses on gaming and non-fungible tokens (NFT) in the world. It is a layer-2 network that helps solve some of the main challenges in Ethereum’s ecosystem. Some of those challenges are higher fees and slow transaction speeds in the network.

IMX, its native token, jumped on Friday, making it the best-performing cryptocurrency in the industry. This rally happened because of the growing partnerships in the network. On Thursday evening, the developers announced a new partnership with Helika Analytics. The partnership will see creators in the ecosystem do in-depth analysis using its no-code tools.

Meanwhile, Ef Defense, a developer using Immutable tools, announced its commitment to Immmutable zkEVM tool. In a statement, the CEO said that Endless Frontier had over 30 million downloads, bringing over $80 million in revenue. He added:

“I believe that collaborating with Immutable will offer us the opportunity to learn invaluable expertise on how to promote web3 games in various forms, communicate with users, and continue to develop the platform.”

The statement came a day after Immutable revealed that the value of the pipeline of games in its ecosystem had grown to over $2.5 billion. This happened after the developer announced a new partnership with Polygon.

IMX price prediction

The 4H chart shows that the Immutable X crypto price made a strong recovery in the overnight session. This rally saw it reach a high of $0.9296, which was much higher than last month’s low of $0.5584. It moved above the key resistance level at $0.8420, the highest point in June. 

Also, the token has moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved to the overbought level. Therefore, the token will likely retreat and retest the support at $0.80.

AltSignals token sale continues

Another important crypto news is that AltSignals’ token sale gained steam this week as the developers raised over $1.2 million. This amount represents about 54% of all the available tokens since the goal of this stage 2 is to raise $2.25 million.

Buy the AltSignals token here.

For starters, AltSignals is a company that hopes to incorporate artificial intelligence in the financial market. The developers will transition their already–profitable product to one that uses AI, neural language processing (NLP), and machine learning. You can read the comprehensive white paper here.

In addition, once complete, the existing platform will transition from a centralized one into a fully decentralized one. In this, $CHANCER token holders will be able to vote for key activities in the network. There will also be profit-sharing mechanisms in the network.

There are two main reasons for buying the ASI token. First, the token’s price will be hiked by 12% in the next stage of the sale. This means that you can buy more tokens now. 

Second, there is soaring demand for stocks and tokens in the AI industry. A good example of this is Intel, AMD, Nvidia, SingularityNET, and Fetch.ai. All these assets have jumped in the past few months.

Third, the Fed made what is likely the final interest rate of the year. This decision could lead to more crypto gains later this year.

The post Immutable X (IMX) Price Prediction as AltSignals Token Sale Accelerates appeared first on CoinJournal.