TL;DR
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The cryptocurrency market has performed well since the start of the week.
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Shiba Memu’s presale has now surpassed the $3.95 million mark, with stage two now near completion.
The cryptocurrency market is experiencing a rollercoaster week so far but Bitcoin has maintained its price above the $28k level. Shiba Memu’s presale has now surpassed the $3.95 million mark and stage two will soon be completed.
Shiba Memu begins its $100k giveaway
The Shiba Memu team announced via X (formerly Twitter) on Thursday that its $100k giveaway contest is now underway. The team is seeking away $100k worth of SHMU tokens to the lucky participants as it looks to boost engagement in its project.
So far, there are over 9,000 entries for the contest with 18 days left. Those holding $100 worth of SHMU are eligible to participate in this contest.
🎉 The Shiba Memu $100k shindig is underway, and the good times are rolling.🚀
Dive into the ongoing excitement—join now or be left with just the echoes of the celebration! 🎈
😈ENTER NOW: https://t.co/6C0EDwsVsp#Giveaway pic.twitter.com/2k0Q0oTwGA
— Shiba Memu (@shibamemu) October 19, 2023
What is Shiba Memu?
Shiba Memu is a meme token project that has attracted hundreds of investors in recent months. The presale has topped the $3.95 million mark and will reach the $4 million milestone soon.
Shiba Memu seeks to develop a platform that will use AI and blockchain technology to create a marketing genius. According to the development team, Shiba Memu will handle the various marketing activities of agencies. The use of AI will ensure Shiba Memu works 24/7 to generate exciting content to help companies and individuals market their products and services.
The team decided to launch as a meme project following the recent popularity of meme coins like Shiba Inu and Dogecoin. Over the last four years, the market cap of meme coins grew from practically $0 to reach the $35 billion mark in 2023.
Shiba Memu differs from many meme coins because it offers real-world use cases to its users. Shiba Memu has utility and will solve real-world problems for companies and individuals.
Users can take advantage of the various marketing features Shiba Memu will offer them. Shiba Memu will develop its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks.
At the moment, the project operates on two major blockchains, Ethereum and BNB Chain
Shiba Memu’s presale tops $3.95 million
The Shiba Memu presale has been recording massive growth in recent weeks. It recently crossed the $3.95 million mark and stage two is now close to completion.
Per the development team, the funds raised from the presale funding rounds would be used to develop its products. The Shiba Memu AI technology would be the major recipient of the funds generated from the presale events as it is the platform’s primary product.
Click here to find out more about Shiba Memu’s presale event.
Should you invest in Shiba Memu right now?
Bitcoin and the other major cryptocurrencies have performed well so far this week despite the fake report on a spot Bitcoin ETF approval. Shiba Memu’s interest continues to go up as its stage-two presale stage now nears completion.
Cryptocurrency investors prepare for next year’s Bitcoin halving and Shiba Memu could be one of the biggest winners if the bull market returns.