Dogecoin cools after “Scooby Doo” spike: Buy Shiba Memu (SHMU)?

Dogecoin (DOGE) remains one of the top meme coins today, thanks to a great community and top celebrity fan in Tesla CEO and Twitter owner Elon Musk. But with coins like Shiba Inu (SHIB), Pepe (PEPE) and Floki Inu (FLOKI) enhancing meme coins’ appeal to investors, the challenge for the top spot continues to heat up.

Joining the fray is Shiba Memu, a project looking to set itself apart from other potential DOGE killers with a unique approach to meme tokens. Find out more about Shiba Memu in this Dogecoin price prediction.

DOGE sees “Scooby Doo” pump

Dogecoin, which launched in 2013 as the original dog-themed meme coin, has one of the most passionate crypto communities around it. The “joke” token is currently among the top 10 cryptocurrencies by market cap, and recently popped more than 5% as Tesla CEO Elon Musk again tweeted about the altcoin.

Doges ftw pic.twitter.com/bl0trQ7BdU

— Elon Musk (@elonmusk) July 19, 2023

Musk’s tweets about Dogecoin have historically elicited reaction from traders, with the price of DOGE and related tokens such as SHIB mirroring these move. That appeared to be the case when DOGE rallied to its all-time high price above $0.73 in May 2021. This time, bulls faced resistance above $0.07. However, the immediate targets on the upside could be above $0.1 – more likely if markets flip higher amid tailwinds such as clear regulation and adoption.

Notably, Twitter still has Dogecoin as a payment option on the platform (the source code that pointed to Bitcoin has since been deleted). Will DOGE continue to hold onto its meme coin crown with the help of occasional Musk-fueled spikes? Or can Shiba Memu flip it?

What is Shiba Memu?

As far as meme coins go, Shiba Memu plans to leverage artificial intelligence and blockchain technology to build a revolutionary, self-sufficient marketing powerhouse.

The project’s AI dashboard will be powered by SHMU, an ERC-20 token on the Ethereum blockchain. Per the whitepaper, the total token supply is 1 billion SHMU, 85% of which have been made available for presale as the project looks to bring together a strong community. 

For investors, one thing to note is that the Shiba Memu token sale will last 8 weeks. Other than that, its price will increase every day at 6pm GMT. It means a short window in which interested buyers can diversify their portfolios with SHMU.

Visit Shiba Memu’s website if you wish to buy SHMU. (Note that you can only buy the token from the official presale page).

Is Shiba Memu unique from other meme tokens?

The integration of AI technology into the meme coin is touted as a potential game changer for Shiba Memu. Although meme-centric, the new AI-powered project will not require or rely on human-driven marketing efforts and hype for traction across the crypto investment space. Instead, it’s designed to bring marketing brilliance to the meme.

At the heart of the meme coin’s marketing powerhouse will be its AI-powered dashboard.

According to its whitepaper, the token’s AI Dashboard that’s currently under development will identify its own marketing strategies, write PRs, and self-market across various social networks and forums. That system is expected to go live in the first quarter of 2024 and will offer an ultra-innovative platform from which all users can access Shiba Memu’s marketing strategies.

The AI dashboard will leverage natural language processing, predictive analytics and personalization to help users stay on top of everything Shiba Memu.

Users will also be able to interact with others across the network, connect and share real-time market updates. They’ll also be able to give feedback and even share suggestions aimed at promoting further adoption of SHMU.

Is it possible to earn more Shiba Memu after presale?

Providing liquidity to the Shiba Memu pool is one of the ways to earn more SHMU.

Also available will be staking of tokens, while investors are likely to find the chance to earn SHMU when their suggestions are adopted, an attractive addition to the investment opportunity that comes with the new meme token.

Shiba Memu price prediction

In terms of price, it’s difficult to say how exactly SHMU will perform in the next one or two years. However, with price rising throughout the presale and the meme coin market still a strong sector, it is possible that the price could be significantly higher than the $0.0244 set to be the final token sale value. What could help SHMU price in 2024-2025?

A marketing machine that never sleeps could be the factor that sees the price of Shiba Memu continue to rise when the token launches on major exchanges in Q3, 2024. Also likely to help will be the integration with leading dApps and platforms in Q1, 2025, with this prospect coming from an increase in SHMU’s utility and adoption.

The massive interest in the presale, which has raised more than $1.04 million in less than three weeks, can also be used as a potential indicator of further demand down the road. In this case, SHMU above $1 in 2024 is possible and targets in the range of $5-$10 could be on the table through 2025.

While positive for Shiba Memu, it is critical to note that development is still at an early age and that prices cannot skyrocket during the presale. Also, when tokens list on exchanges, other market factors could impact possible performance.

You can learn more about Shiba Memu here.

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