Schlagwort: crypto market

• Shiba Memu taps into the meme vibe with cutting-edge AI technology.

• The project’s presale has surpassed $3.68 million in presale, with significant predictions.

• Shiba Memu could surpass $0.1 in 2023 on account of its early success in presale.

Shiba Memu (SHMU), an AI-powered meme token, might be just a few weeks into the presale. However, there are huge predictions for the token on account of its highly successful presale. Investors have bought over $3.68 million worth of SHMU, suggesting a high demand and potential. But could SHMU be a replica of meme predecessors that have hit over 50x in the past?

The big Shiba Memu promise

In an ever-changing world of digital assets, aligning with the future is crucial to successful projects. For the meme cryptocurrencies, a perceived lack of value diminishes their future viability and adoption. That has questioned the sustainability of meme tokens and investment value.

Shiba Memu carves a path of its own through an AI feature. AI is growing in use in many spheres, generating utility through its powerful and intelligent analytics. Blockchain is one of the sectors with AI crypto coins growing in importance. By blending AI and memes, Shiba Memu aims to become sustainable and deliver a high ROI.

A key feature to achieve its objective is utilising AI to self-market itself. The AI will crawl the web for the best sentiment and creative marketing ideas to generate hype. Shiba Memu will also write its own PR and take on rivals through its powerful marketing. 

Shiba Memu beats rivals who depend on one-off events and influencer mentions to gain traction. This way, Shiba Memu can dominate social media chatter, growing in recognition and boosting its value.

What’s more? Shiba Memu is an engaging project. It features an AI dashboard where users can connect with the robot. They can ask questions, give suggestions, or poke fun. One can also learn about the latest in creative advertising. The features increase Shiba Memu’s utility by making it a true meme, capable of dislodging its predecessors.

Will Shiba Memu reach $0.1 in 2023?

Shiba Memu has a highly engaging presale, giving hints of its price potential ahead of listing in Q3 2023. Some analysts have earmarked a $0.1 to $1 price at the end of the year. While the predictions are speculative, they are realistic based on some factors.

First, Shiba Memu is valued at $0.032725. To get to $0.1 by the end of 2023, the token must rise by over 200%. We already know that meme cryptocurrencies elicit a lot of frenzies that push the token’s value. An example was PEPE earlier in the year, which returned over 10,000%. With the trends, a $0.1 is an underestimated prediction for Shiba Memu. Even if we take a prudential 1,000% increase, Shiba Memu would be valued above $0.3 at the end of 2023.

Secondly, Shiba Memu could be a meme alternative in a prolonged crypto winter. Predecessors like Dogecoin and Shiba Inu are yet to overcome a slump that started in early 2022. The price of newly launched meme tokens such as Shiba Memu is yet to be unlocked. Investors could look at these unlocked opportunities as they tread carefully on the traditional memes. This could allow Shiba Memu to hit and surpass $0.1 in 2023.

Finally, a new dawn for an AI-powered meme is an opportunity many investors would want to take advantage of. The AI use could generate additional FOMO and facilitate the price discovery for Shiba Memu. A fast-selling presale shows the FOMO is already gathering steam. 

Should you buy Shiba Memu now?

Time is of the essence if you consider Shiba Memu’s investment. The value of the token increases each day at 6 PM GMT. 

Early investors get more value for their investments as they are rewarded with higher-priced tokens. For example, while the SHMU presale started at just $0.011125, the token’s value is now three times.

The post Will Shiba Memu reach $0.1 in 2023 after a highly subscribed presale? appeared first on CoinJournal.

• SocialFi is becoming a fast-growing industry in the crypto sector.

• Stars Arena announced a major hack in its ecosystem.

• Meminator has raised over $643k in the past few days.

Stars Arena, the fast-growing social app, announced a major attack on Saturday, a day after the developers stopped another one. In a tweet (or X), the developers said that the attack had stolen over $3 million, leaving it with just $1. 

Stars Arena is a new platform that was inspired by Friend.Tech, the social app that has attracted over 100k users in the past few months. While Friend.Tech is built in Base Blockchain, Stars Arena is based in Avalanche. According to DappRadar, Stars Arena has attracted over 20k users in the past few days.

Stars Arena’s performance has helped boost the performance of AVAX. AVAX price surged to a high of $11.88 on Saturday and then retreated to a low of $10.40 after the hack. In a separate tweet, the developers said they had secured the resources to close the gap and is conducting a major security audit.

Important news: we have secured the resources to close the gap caused by the exploit.

Additionally, a special white hat development team is coming in to rapidly review the security of the platform.

We will re-open the contract with all the funds in full after a full security…

— Stars Arena (@starsarenacom) October 7, 2023

Memeinator token sale continues

The other important crypto news of the week was the launch of Memeinator’s token sale. This sale has been highly successful, with the developers raising over $643k, making it one of the fastest-growing tokens in the industry. You can buy the token in either ETH, USDT, or BNB here.

For starters, Memeinator is a new cryptocurrency that seeks to become the biggest meme coin in the world. It aims to disrupt an industry that is now dominated by the likes of Shiba Inu, Dogelon Mars, Floki Inu, and Pepe.

While cryptocurrency prices have retreated in the past few months, most of them like Pepe, Shiba Inu, and DOGE are still worth billions of dollars. 

Memeinator aims to gain utility by incorporating the concept of artificial intelligence (AI). AI has become a major theme in the market after the success of ChatGPT, Google Bard, and Anthropic. 

OpenAI, the parent of ChatGPT, raised $10 billion from Microsoft earlier this year while Anthropic raised $4 billion from Amazon. In total, AI investments have jumped to more than $20 billion this year.

Memeinator will use AI in several ways. For one, the developers will use the technology to power games and other dApps in its ecosystem.

Memeinator will have a total supply of 1 billion tokens. 62.5% of these tokens will be sold in a presale in a 29-stage process, with its price going up in each of this stage. You can read the Memeinator white paper here.

The post Stars Arena hacked as Memeinator token sale gains strength appeared first on CoinJournal.

The bond market resumed its sell-off as traders waited for the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield jumped to 4.90% on Thursday while the 10-year rose to 4.80%. As a result, American equities retreated, with the Dow Jones and the Nasdaq 100 indices shedding a few points.

Cryptocurrencies have held quite well during the ongoing bond market, with the total market cap of all coins remaining at $1.09 trillion. Bitcoin held steady above $27,000 while tokens like Toncoin, Trust Wallet, and Aave jumped by more than 5%. Other top performers were coins like ThorChain, Cardano, and Stacks.

Shiba Memu, a meme coin that seeks to dethrone Shiba Inu and Dogecoin, is also thriving. Data shows that investors have poured over $3.65 million in its ongoing token sale, which you can participate here.

US NFP data ahead

The bond market has a major impact on all other assets like commodities, stocks, and cryptocurrencies. In most cases, a bond sell-off, which leads to a higher yield, pushes more people to short-term bonds and bills. A closer look shows that short-term bonds are now yielding over 5%. 

As a result, the rising bond yields point to a potential recession, which explains why key commodities like crude oil and soybeans have plunged in the past few weeks. After soaring to $95 in September, Brent has plunged to $84 while copper has moved to the lowest level in months.

Therefore, the market will react to the upcoming non-farm payrolls (NFP) data from the United States. Economists expect the data to show that the economy added more than 160k jobs in September after adding 189k in the previous month.

The key data to watch will be wage growth, which will impact the pace of inflation in the country. Therefore, stronger wage growth will likely lead to higher bond yields and the US dollar index while stocks and commodities will pull back.

Shiba Memu token sale continues

Meanwhile, Shiba Memu has continued thriving in the current bond sell-off. The developers have raised over $3.65 million from inventors in the past few months and is quickly nearing its target. 

For starters, Shiba Memu is a new cryptocurrency that will infuse two of the biggest themes this year. First, it seeks to disrupt the meme coin industry, which has seen the success of Pepe. Second, the token aims to change the artificial intelligence industry that has come to life following the success of ChatGPT.

Shiba Memu buyers hope to ride the Shiba Memu wave when the developers finally list it in key exchanges. Most of them saw many people become Pepe millionaires a few months ago and are now seeking to replicate this success.

Shiba Memu is different from Pepe and Shiba Inu since the developers aim to incorporate utility in its ecosystem. You can read about this in this white paper.

Still, like all tokens, investing in tokens has its risks and as such, it is always recommended that you be cautious in the process. For example, you should only invest funds that you can lose comfortably.

The post Bond rout hits stocks, crude oil as Shiba Memu token thrives appeared first on CoinJournal.

• Despite dropping $4000 from highs, ETH/USD price action remains bearish 
• Head and shoulders pattern indicates more downside
• A bearish flag pattern supports short-sellers

Traders are often impatient for a market to move. Long periods of price consolidation lead to overtrading or giving up on an idea simply because the market did not move. 

This is particularly true in the crypto market. Known for its high volatility, it brought fortunes to many traders as quick moves resulted in quick profits. 

For instance, ETH/USD rose from $1000 in 2021 to $5000 in 2022. The ones that bought and held onto their traders for a year saw their accounts increasing exponentially. 

But trading is a story of both winning and losing. Not everyone wins. In fact, most retail traders lose money trading. It is easy to say that you might have bought ETH/USD at $1000 and close it at $5000. How about buying at $5000 on fears of missing out on an even bigger move, only to see the market crashing back to $1000. 

Sure enough, plenty of traders have bought into the dip. And, even though ETH/USD dropped $4000 from its highs, the bias remains bearish. 

Ethereum chart by TradingView

ETH/USD bigger picture is a reason for bulls to worry

On its trip to $5000, ETH/USD formed a head and shoulders pattern. Once the price broke below the neckline, it found no support until it reached $1000. 

The level marked the bottom of the year for the stock market and the highest point for the US dollar. Since then, stocks bounced sharply, and the cryptocurrency market followed. 

But despite the rally at the start of 2023, the bigger picture remains bearish for ETH/USD. A bearish flag pattern should be a good enough reason for bulls to worry, as it is usually followed by more downside. 

Bears would want to see the price dropping to $1000 once more. It would mean that the bearish flag pattern ended and that the next target is the head and shoulders’ measured move. 

On the other hand, bulls may want the price to simply stay in the flag and test the upper edge of it. This is the only way to invalidate a bearish flag pattern. 

The post ETH/USD analysis: Bears appear in control appeared first on CoinJournal.