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Shiba Memu’s presale nears $800k as XRP rallies on court rulling

Key takeaways

  • XRP rallied by more than 70% on Thursday following favourable ruling in Ripple’s legal case against the US Securities and Exchange Commission (SEC).

  • Shiba Memu’s presale nears $800k as more investors enter the market.

The cryptocurrency market has been extremely bullish over the past 24 hours, with the prices of most coins and tokens in the green zone. 

Shiba Memu’s presale has also been performing excellently and is now set to reach the $800k level as more investors enter the market. 

XRP and XLM rally to new highs

XRP, the native coin of the Ripple ecosystem, rallied by more than 70% on Thursday, thanks to a favourable ruling in the ongoing Ripple vs. SEC legal case. 

The U.S. District Court of the Southern District of New York ruled a few hours that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. 

However, the judge also ruled that the institutional sale of the tokens did violate federal securities laws.

Ripple’s partial victory was welcomed by the cryptocurrency ecosystem, with XRP rallying to a one-year high of $0.84 on Thursday, adding more than 70% to its value in the process. At press time, the price of Ripple stands at $0.7857

XLM, the native coin of the Stellar Lumen ecosystem, also soared by more than 50% following the Ripple announcement. BTC, ETH, Solana, and Polygon also recorded excellent gains over the last 24 hours. 

What is Shiba Memu?

Shiba Memu, although still in its presale stage, is included in the ongoing market rally. Shiba Memu’s presale reached a new level a few hours ago as more investors entered the market.

Shiba Memu is a cryptocurrency token that combines AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse.

In their whitepaper, the team explained that Shiba Memu is a project that could do the work of 100 marketing agencies. However, as an AI-based platform, Shiba Memu is also active. 

The platform is always working to find the best work going on in creative advertising, eating it up and spitting it back out, but better.

Shiba Memu is riding on the recent popularity of meme coins, which have become a multi-billion dollar sector within the cryptocurrency industry. Over the last three years, the market cap of meme coins grew from practically $0 to reach the $20 billion mark in 2022. 

However, Shiba Memu differs from the hundreds of other meme coins in the market in that it has utility and will solve real-world problems for users. 

According to their whitepaper, Shiba Memu has self-sufficient marketing capabilities powered by AI technology, making it a unique and attractive investment.

Shiba Memu will develop its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks.

Currently, the project operates on Ethereum and BNB Chain, the two leading DeFi and smart contract blockchains in the cryptocurrency space. 

Shiba Memu’s presale nears $800k

Shiba Memu’s presale investment has more than tripled over the past seven days. Last week, Shiba Memu’s presale investment stood at $215,000, and it currently stands at $798,247.

The surge in investment can be attributed to an increase in investors entering the market and investing in the project. 

The Shiba Memu team said they would use the funds generated from the presale to develop some of their products. Most of the funds would be used to develop Shiba Memu’s AI technology. 

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

Should you invest in Shiba Memu today?

The cryptocurrency market has experienced an excellent performance since the start of the year, with the prices of most coins and tokens up by nearly 50% during that period.

However, the market is still down by more than 50% from the all-time high set in 2021. Market analysts are now expecting Bitcoin and other cryptocurrencies to rally in the medium to long term. 

The decision to invest in a token depends on the investor. However, Shiba Memu could be a big winner once the project launches and the token gets listed on cryptocurrency exchanges. 

Shiba Memu will be combining the powers of AI and blockchain technology to ease marketing strategies for companies and organisations. If the project gets the right level of adoption, its SHMU token could rally higher over the next few months and years. 

The post Shiba Memu’s presale nears $800k as XRP rallies on court rulling appeared first on CoinJournal.

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Ripple (XRP) victory, falling inflation are good news for AltSignals (ASI)

  • A New York court dealt a major blow to the Securities and Exchange Commission.

  • The court ruled that XRP was not a financial security, pushing cryptocurrencies higher.

  • AltSignals token sale gained steam, with 52% of stage 2 tokens being sold.

Cryptocurrencies received another dose of good news on Thursday when a judge made her ruling in the SEC vs Ripple case. As a result, the XRP token soared by more than 70% while Bitcoin moved closer to the year-to-date high. Investors also allocated funds to token sales, with the second stage of AltSignals gaining traction.

SEC vs Ripple case

A major concern among investors was about regulations in the US. As you recall, the SEC made several allegations when it filed a major lawsuit against Ripple Labs and its executives. The allegations were that Ripple violated capital raising laws and that the XRP coin was a token. 

On Thursday, the judge overseeing the case delivered a positive result for Ripple. She ruled that Ripple Labs violated some laws and that XRP was not a financial security. That was a major blow to the Securities and Exchange Commission (SEC), which has become highly combative in the recent past. 

The ruling could have major implications for how the SEC regulates digital currencies. Instead of blanket lawsuits, the SEC could now put pressure on lawmakers to come up with regulations specific for the industry. 

Another implication is that financial services companies could add Ripple into their ETF proposals. This is notable since XRP is one of the biggest cryptocurrencies in the world with a market cap of over $43 billion.

Falling US inflation

Another important catalyst for cryptocurrencies, including AltSignals, is that America’s inflation is falling. Data published by the Bureau of Labor Statistics showed that the headline consumer inflation plunged to 3%, the lowest level since March 2021.

If this trend continues, it means that consumer inflation will move to the Fed’s target of 2.0% in the next few months. There is also a possibility that inflation will move below 1% in 2024.

Falling US inflation is a good thing for cryptocurrencies because of its impact on the Federal Reserve. The Fed has been hiking interest rates at a rapid rate in the past few months. Therefore, there is a possibility that the rate hiking cycle is about to end. Cryptocurrencies tend to do well in those market conditions.

AltSignals token sale continues

These two events could lead to a strong rally in the crypto market. Ripple’s XRP surged by more than 70% on Thursday while Stellar jumped by over 40%. At the same time, more investors allocated their funds to AltSignals, which has now raised over $1.17 million in its second stage of the token sale. 

It has sold about 52.3% of all tokens in this stage and the developers will boost the price by 12.05% in the next stage.

AltSignals is a company that hopes to use artificial intelligence to provide accurate predictions in the crypto, futures, and forex market. The ecosystem will be powered by the ASI token.

Unlike many other token sales, AltSignals is already a profitable company with thousands of customers from around the world. Its platform has excellent user reviews, as you can read here. Therefore, the developers hope to boost its performance using AI. You can buy the AltSignals tokens here.

The post Ripple (XRP) victory, falling inflation are good news for AltSignals (ASI) appeared first on CoinJournal.

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Coinbase, Kraken re-lists XRP after court says token not security

  • Coinbase and Kraken have re-enabled support for XRP.
  • Gemini announced it was exploring the resisting, with the exchange announcing possibe re-enabling for spot and derivatives.
  • XRP was today ruled not to be a security as the SEC alleged in its lawsuit against Ripple.

Crypto exchanges Coinbase and Kraken have re-enabled XRP trading for their US customers. Coinbase was first to announce the re-listing of the Ripple token, with Kraken swiftly joining it as XRP prices skyrocketed.

Gemini also announced it was exploring re-listing of XRP for both spot and derivatives trading. 

But Coinbase said in its announcement that XRP trading could still be restricted in some jurisdictions.

XRP’s price gains and the crypto exchanges’ actions came after a US court had earlier on Thursday ruled that XRP was not a security.

XRP court decision “first step” toward regulatory clarity

Commenting on the decision to re-enable XRP trading, Marco Santori, Kraken’s Chief Legal Officer, said:

“This morning, the Federal Court for the Southern District of New York ruled that XRP is not a security. As such, just a few minutes ago, Kraken re-enabled trading in XRP for US users.”

Santoru added that the exchange is looking at the court’s decision on XRP as one more step towards regulatory clarity in the United States. But while crypto markets reacted bullishly to the news, Santori notes that there could still be some “twists and turns” with regard to the case.

“We view the court’s decision as a first step toward meaningful legal clarity in the US.  Clarity allows us to plan, to hire and to invest in here, where we were founded. The case is still likely to take some twists and turns, and other cases will follow similarly winding paths. Capitol Hill is working hard, too. Multiple bills are making their ways through congress. This is going to take years,” he added.

As highlighted here, news of the judge’s decision against SEC triggered massive buying pressure for XRP. The token’s rally also sparked upward momentum for Stellar (XLM) and several other altcoins.

The post Coinbase, Kraken re-lists XRP after court says token not security appeared first on CoinJournal.

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Shiba Memu (SHMU) bursts into the meme scene with an unstoppable demand

  • Shiba Memu is a new meme cryptocurrency that taps into the power of AI and blockchain.

  • Through AI, Shiba Memu will be a self-sustaining marketing powerhouse, delivering value to investors.

  • The price of the meme token increases every day, and its presale concludes in 8 weeks.

Who thought meme cryptocurrencies would have so much following and attraction in this day and era? Just in early 2020, the market cap of the total meme token market was $0. In early 2022, the market was valued at over $20 billion, showing how much potential meme tokens have. Early entrants like Doge and Shiba Inu and latecomers like Pepe Coin have always elicited enthusiasm. But now, we are talking of a new meme coin that combines AI and blockchain technology, Shiba Memu(SHMU). Since launching its presale, Shiba Memu has hit unprecedented demand, with more than 26,755,000 tokens sold.

What is Shiba Memu (SHMU)?

Shiba Memu is not your usual meme cryptocurrency. It is a revolutionary coin that taps into the power of AI and blockchain to create a self-sustaining marketing powerhouse.

As you already know, AI has been a buzzword since ChatGPT came into being in November 2022. Who doesn’t know what ChatGPT can do today, including letting you do serious stuff like writing code or drafting an assignment?

Shiba Memu is a meme cryptocurrency that embodies the unique attributes of AI to learn and promote itself across social networks and other forums. With the help of AI-based software, Shiba Memu can write its own PR and promote successful marketing strategies. 

Shiba Memu is also learning 24/7, all on its own, to become a better version of itself. As the power of AI grows, Shiba Memu will become more intelligent and powerful, achieving more than what hundreds or thousands of marketing agencies combined can do. 

Does investing in Shiba Memu make sense?

Up to now, meme tokens have shown great potential, eliciting reactions even more than mainstream cryptocurrencies like Bitcoin. The potential reason is that investors are looking for fun and creative ways to engage in crypto, which is only possible through meme tokens. 

But investing in Shiba Memu is more than that. It carries a value proposition owing to its AI capabilities. It doesn’t need those annoying Twitter or Reddit spats to gain traction. The token will pick battles on its own and generate hype using AI. This is its essence of being a meme token and remaining independent. That means the token can potentially explode in value and generate significant returns to investors. 

Aside from that, who wants to miss out on the AI train? Tech wars are moving to AI, just like the internet disrupted everything and made adoption the only survival tactic. Put simply, Shiba Memu’s AI angle manifests a trend that is catching up with us. The inevitable shift into AI makes Shiba Memu a worthwhile investment in the future.

Shiba price increases every day

Shiba Memu is always on the move, right from the presale. The price of the token rises each day at 6 pm GMT, which is quite positive for its incremental value addition. Throughout the presale, the price will have doubled from a starting value of $0.011125 to $0.0244. 

Shiba Memu’s presale will last for 8-weeks and conclude with whatever amount investors will have put in. Token distribution will start when the presale ends. Since the project runs on ERC20 and BSC networks, investors can buy it with Ethereum, USDT, BNB, and BUSD.

Should you invest in Shiba Memu now?

Time is of the essence in investment, and finding projects that can deliver exceptional returns feels like a gift. History has taught that meme cryptocurrencies are most ideal when the hype is building up rather than when FOMO has dried up. 

If meme crypto is your preferred investment, this could be the right time to pick Shiba Memu before the presale ends. The potential for the token is huge, and the application area through AI is limitless.

The post Shiba Memu (SHMU) bursts into the meme scene with an unstoppable demand appeared first on CoinJournal.

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XLM price soars as Stellar rides Ripple’s XRP wave

  • Stellar (XLM) price rose to its highest level since April 2022, hitting highs near $0.20.
  • XLM’s stellar performance followed a staggering 87% jump in less than 3 hours for XRP.
  • XRP is Ripple’s token, and a judge just declared it was not a security.

Stellar (XLM) price jumped nearly 70% on Thursday as bulls pushed past long term resistance levels to trade at prices last seen in April 2022. 

The catalyst was today’s Ripple news.

Stellar price jumps as XRP rockets

XLM price raced to highs near $0.20 to see it mirror broader crypto market upward action following one of the biggest news events in crypto history.

This is after Ripple, the company behind the XRP coin won against the US Securities and Exchange Commission (SEC). As CoinJournal reported, the court battle has been around a case where the regulator sued the blockchain company over allegations that XRP was a security.

But on Thursday, Analisa Torres, Judge of the US District Court for the Southern District of New York, handed Ripple the victory in a summary judgement. The judge’s decision effectively declared XRP not a security. 

The market’s reaction to the news was swift, with buyers sending XRP to near $0.95 – its highest level since December 2021.

Elsewhere, Stellar’s XLM was the top performer among altcoins as its price raced to near $0.20. Other top gainers were Cardano (ADA), Polygon (MATIC), and Solana (SOL). Bitcoin also traded to a new YTD price as did Ether that hit above $2k.

For the altcoins, the Ripple-fueled sentiment helped decelerate part of the downward pressure that had permeated the market after the SEC declared the tokens securities in lawsuits against Binance and Coinbase.

XLM price outlook

XLM is looking to break higher as XRP eyes $1. The two cryptocurrencies, which have a lot in common in terms of their historical overview and market performance, are seeing the most gains today.

Stellar XLM price on the weekly chart. Source: TradingView

With XRP likely to see a fresh burst in the next few days, upside momentum could cascade into XLM price. On-chain data shows XRP’s massive price jump after the court’s decision drove a lot of whale activity. This even as the market witnessed a spike in volume.

If XRP price rallies higher above $1, it likely Stellar’s native token will target $0.24 and above that, $0.40. On the downside, the main support remains at $0.073

The post XLM price soars as Stellar rides Ripple’s XRP wave appeared first on CoinJournal.