• Shiba Memu aims to be a sustainable meme crypto alternative to its predecessors.

• The cryptocurrency’s value has been rising during the presale every day.

• The potential for Shiba Memu is huge, with up to 50x predictions.

Shiba Memu (SHMU) is undeniably one of the best-selling meme cryptocurrencies of 2023. Since launching a presale, the new meme crypto sensation has raised over $3.48 million. The solid presale underlines the interest in the meme cryptocurrency and its unique value proposition. But why has Shiba Memu grown so popular? Let’s discover more about this token that has raised so much interest while still on presale.

Shiba Memu: The self-marketing powerhouse led by AI

When meme cryptocurrencies are mentioned, Dogecoin, Shiba Memu, and PEPE are some top names. Hype, social media mentions, and retail frenzy drive the value of these cryptocurrencies. When the social activity wanes, the tokens fail to sustain gains, crashing after that.

But think of a meme cryptocurrency that can sustain its social media frenzy. Its market value can remain high and rising. This promise has attracted a lot of frenzy to Shiba Memu. The meme crypto project will use AI to analyse social media and deliver targeted marketing interventions. The capability sets Shiba Memu apart, allowing it to retain fame and maintain price surges. 

Shiba Memu learns every time. It searches the web for the latest creative advertising and crafts tailored PR strategies. The AI also constantly reviews and improves on its marketing strategies. Due to its self-improvement features, Shiba Memu can become more intelligent and powerful with time.

Shiba Memu also resonates well with its community. The project features an AI dashboard whose purpose is to connect with the users. You can interact with the AI through the dashboard, ask questions, and get feedback. At a time when AI is gaining prominence, Shiba Memu could prove to be the meme of the future. 

Is Shiba Memu the best meme cryptocurrency in 2023?

A few names have popped up in the meme crypto space in 2023. However, most are based on conventional blockchain technology and do not offer much to what is already there.

Shiba Memu could be the best meme cryptocurrency based on its innovativeness. The quick presale underlines investors’ belief that Shiba Memu could be the best meme opportunity in 2023.

Early investors may also have sniffed an opportunity for SHMU due to its tokenomics. From a starting price of just $0.011125, Shiba Memu is now valued at $0.031150. The gains are not accidental, as SHMU tokenomics allows it to increase daily at 6 PM GMT. This means each token bought on presale increases daily, boosting the investment value.

But as it is common, meme cryptocurrencies unlock value upon listing. Once the presale ends, Shiba Memu will be listed on centralised exchanges. The listing could see the value of Shiba Memu skyrocket, benefiting early birds and speculators. 

Shiba Memu prediction

With the Shiba Memu presale near its finish line, predictions are rife and huge for the token. Analysts hold a bullish view of the token, expecting it to eclipse its predecessors. As such, projections are that Shiba Memu could rise more than 10x and up to 50x.

Based on previous meme crypto movements, a 10x increase could be on the cards. The prediction reflects the current demand and the hype expected when Shiba Memu is listed. 

In the long term, the token has a 50x potential or more. The value will be unlocked from continued use as more investors discover and buy the cryptocurrency.

But don’t get it twisted. Meme cryptocurrencies have risen by supernormal margins within days of launch. PEPE is a great example that saw over 10,000% returns in a few days. It shouldn’t come as a surprise that Shiba Memu can claim similar gains once it lists on exchanges. So, investing now could be advantageous for investors seeking to capitalise on the initial market moves.

Kevin O’ Leary aka Mr. Wonderful has gone pro crypto and is promoting crypto more than ever. Today, again the Shark Tank fame said growth rate for Bitcoin, Ethereum and Polygon is phenomenal and there is capital coming in from across the globe.

Bitcoin, Ethereum And Polygon Are Softwares

Earlier today, Mr. Wonderful via his twitter handle praised Blockchains and compared them softwares. He has been very active in crypto recently and is now a well known crypto advocate.

Bitcoin, Ethereum, Polygon, all these blockchains—it’s all software. The growth rate of these new innovations is phenomenal, and there’s capital coming in from all around the world.

— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) March 4, 2022

He recently hosted a bi-partisan meeting to discuss crypto policies with US Congress senators along with Senator Cynthia Lummis. Kevin is also backing a decentralized Finance platform called Wonder.Fi and has confirmed owning its token $WNDR.

An avid watch and wine collector, Kevin is all into NFT craze and he recently predicted that NFTs will be bigger than Bitcoin because of their ability to store ownership.

Adding to his predictions, Kevin believes crypto will be the 12th sector of S&P 500 in next few years.

About Author

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

The story of Dogecoin or DOGE, a cryptocurrency that began as a joke however is currently perhaps the most well-known coin around, would have you accept that the sentence above is all you need to think about Dogecoin?

As it were, they’d be correct. Dogecoin doesn’t need a ton of reasoning. So here we at Analytics Insight present the past, present, and future of the DOGE.

The Historical Backdrop of Dogecoin

It began as a joke. Bitcoin, the original cryptocurrency, was a great technological advancement that let anybody trade digital money at low expenses and without the need to request anybody’s permission. But Bitcoin was likewise open-source, which means everybody could duplicate it or copy it, and at a certain point, everybody did, with clones, for example, Litecoin and Peercoin came up all over the place.

Dogecoin is an interesting rather hilarious response to this pattern. Made in December 2013 by software engineers Billy Markus and Jackson Palmer, it’s a duplicate/copy of Bitcoin (all the more definitively, Litecoin, which itself is genuinely similar to Bitcoin) that includes the Shiba Inu dog and is quite often referred to in silly language with a dog and moon-related metaphoric representations.

Nearly consistently, Dogecoin garnered a devoted following. It attracted individuals who preferred the idea of crypto yet needed to make fun out of Bitcoin. It attracted individuals who adored dogs. It attracted any individual who wasn’t especially genuine or anything serious about crypto, yet wanted to show interest.

Not every person gets it. Indeed, even its Co-Founder Palmer cleaned up off it — in 2018, he said that the soaring cost of Dogecoin was a sign that the crypto market was overheated. “I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a US$1B+ market cap,” he said in January 2018 — and sufficiently sure, the crypto market experienced an awful crash a couple of days after the fact. Yet, Dogecoin continued on. However, because of the way that it didn’t need a great deal of dynamic administration and management, and halfway due to the crypto space recovering hugely in 2020, Dogecoin has become bigger than it was at any point.

Is Dogecoin in Fact Actually Strong?

Not actually. All things considered, it is, as in it began as a duplicate of Litecoin, which is decently actually strong. It’s a cryptographically ensured online network that allows one user to send DOGE to one more in a permissionless way. It works, however it’s not close to as secure or decentralized as Bitcoin.

ut Dogecoin was rarely especially innovative. Certainly, there are a few contrasts — it has a more limited block time than Litecoin’s. In contrast to Bitcoin’s, its supply isn’t restricted — right now, there is 129 billion DOGE in existence, and more might be minted. However, the greatest distinction is that Bitcoin and Litecoin are effectively managed, and are refreshed every now and then to address bugs and weaknesses. Dogecoin gets refreshed at times, however, some of the time years elapse before any other new version comes out.

You should consider Dogecoin Bitcoin’s silly cousin — it treats nothing in a serious way and it couldn’t care with regards to what will happen tomorrow. DOGE simply couldn’t care less.

Elon Musk <3 DOGE

Elon Musk always is light-hearted and likes silly stuff, and Dogecoin is extremely silly, and this marks the beginning of another saga. The CEO of Tesla and SpaceX has voiced his appreciation for Dogecoin many times at many gatherings, generally on Twitter, with his tweets frequently impelling the price of Dogecoin higher than ever — at a certain point, the price went up in excess of 100% after a Musk tweet.

How Do I Purchase a DOGE, and Would it Be Advisable?

Dogecoin isn’t as pervasive on crypto trades as Bitcoin — for instance, Coinbase and Gemini don’t offer DOGE purchases. However, many significant exchanges, including the world’s greatest Exchange, Binance, do offer help for Dogecoin.

When you purchase DOGE on an exchange, it’s like possessing some other cryptocurrency: You can either keep your coins on the exchange or move them to your own wallet software — an official wallet is presented on the project’s website, dogecoin.com.

Will Dogecoin Hit US$1 Ever in the Future?

Okay, so you’ve seen the price taking off, and you figure it very well that it might be a wise investment? Hang on briefly before you go all in. While Dogecoin has an enormous fanbase and the support of one of the world’s richest individuals, there’s no rejecting that the project isn’t pretty much as actually interesting as other significant digital currencies like Bitcoin and Ethereum.

Consider it as a stock of a company that produces close to nothing and comprises of a couple of couches in a vacant office, yet that has a truly cool dog logo — and individuals, for some reason, really love it. Could the cost of the stock go up? Sure. However, it could likewise go down, right to nothing as in a total zero, because…why not?

Here are a couple of numbers. The cost of DOGE at the time of writing was $0.26. A year ago, it was around $0.002, making this a 13,000 percent increment. With a circulating supply of in excess of 129 billion coins, the market cap (total cost of all DOGE that presently exist) is currently generally 34.5 billion dollars. You’ll regularly see proponents saying that DOGE should reach US$1 eventually. In the event that happens the market cap will be generally US$126 billion. The sky is the limit, yet you need to ponder as to how far can the joke go?

It comes down to this: If you’re an expert or possibly an exceptionally prepared trader and you realize what you’re doing, you may bring in money exchanging DOGE. However, assuming you’re not, you’re simply betting, and you ought to never bet with money you can’t afford to lose.

And this is all about the meme crypto we could churn up for you. But this is not it, check out some more information about DOGE.

The top meme stocks which made headlines during the start of the year due to the short squeeze pump are rising again. World’s largest Cinema chain AMC Entertainment ($AMC) registered a 5% rise over the last 24-hours while GameStop ($GME ) stocks registered a 7% surge. The two meme tokens were in news for weeks for their unprecedented rise of over 1,500% in January this year.

The current surge is nothing in comparison to what we saw at the start of this year, but it certainly has caught investors’ attention again. Both the companies have recorded a strong second-quarter beating their early estimates. The company reported a 71 cents loss on its stock as compared to Wall Street’s prediction of 94 cents. The second-quarter revenue rose to $444 million against $382.5 million last year. The company saw a massive jump in revenue year-on-year, compared to $19 million same quarter last year.

The recent rise in AMC shares is also being attributed to the company’s announcement about accepting Bitcoin (BTC) as a payment for tickets purchase across its outlets in the US by the end of this year. The Bitcoin integration came as a pleasant surprise for many since crypto enthusiasts have been demanding and even making jokes about it since the year start.

Can AMC and GME Repeat its January Short Squeeze Pump?

The short squeeze frenzy initiated by a Reddit group WallStreetBets and later joined by retail investors created once-in-a-lifetime stock price momentum for nearly “dead” companies such as AMC and GME. The price surge helped the struggling movie theatre chain to redeem itself, and while the short-seller interest in the stock is nowhere near the January level, but many believe another short squeeze is very much a possibility.

Many traders are of the opinion that there are several short-sellers who instead of directly shorting the stocks are using synthetic short position via the derivative market to do so. It is also interesting to note that the recent flash crash in gold prices arose from derivative short positions on CME.

About Author

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.