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The crypto world is reawakening from its slumber induced by the torrid bear market of 2022. One of the events that triggered the market recovery was the XRP price rally. Thanks to a favorable ruling its issuer Ripple Labs received from a New York court, altcoins like XRP and meme coins surged in value. The Manhattan court decision stated that the sale of Ripple Labs’ XRP token on public exchanges complied with federal securities laws, which led to the XRP price skyrocketing by 96% almost instantly.
One of the meme coins well-positioned to surge in the wake of this development is Shiba Memu (SHMU)—a revolutionary new dog-themed meme coin that’s genuinely one of a kind. The project, which combines the charming, irresistible appeal of internet meme culture with artificial intelligence (AI), has already generated $3.4m in funding in just 14 weeks ahead of its public sale.
What is the implication of the improving market sentiment triggered by the XRP price rally on cryptos like Shiba Memu in 2023 and beyond? Read on to find out.
What is Shiba Memu (SHMU)?
One of the biggest draws in the crypto world is meme coins. These good-humored tokens branded with internet memes everyone can relate to are responsible for onboarding non-crypto natives into Web3.
Meme coins appeal to the community that hypes them up—like the “Shib Army” of Shiba Inu fame—and the viral potential that said memes possess. Meme coins are ultimately only as good as their hype machine. Once the initial euphoria fades away and investor interest dwindles due to weakening marketing efforts, meme coins tend to die naturally.
That’s where Shiba Memu distinguishes itself from 99.9% of the meme coins in the market today. Shiba Memu uses AI-powered sentiment analysis to scour the internet for mentions to determine what people say about it. Then, the protocol uses natural language processing (NLP) to tailor content and distribute it online to engage communities and influence how others perceive the project.
Shiba Memu, in essence, self-directs its marketing and public relations strategies on its own—something that no other meme coin has done before. It’s a novel use case for AI in the meme coin market, positioning it head and shoulders above all other meme coins that rely heavily on human efforts to sustain their momentum and buying pressure.
Additionally, Shiba Memu has integrated a daily price hike of $0.000225 into its presale event, which was recently extended due to popular demand. The token started at $0.011125 and will hit $0.0379 when the presale ends. This daily price increase ensures that those who get in early will begin seeing their tokens’ value increase immediately.
How Does Shiba Memu Work?
Shiba Memu’s SHMU token provides access to the project’s user interface, where users can track online sentiment, milestones, marketing strategies, and campaign objectives—derived from its sophisticated AI algorithms.
The AI-powered dashboard will allow users to interact with the algorithms to improve their accuracy over time. They will also be able to view on which platforms Shiba Memu currently implements its marketing strategies. The dashboard will display updates on marketing activities in real-time, as well as show its conversations with users across online platforms.
Moreover, SHMU holders can use their tokens to stake for passive yield and receive SHMU tokens for contributing their feedback and engaging with the community and potential investors, who may have yet to hear about the project.
Shiba Memu Price Prediction: Will Shiba Memu Reach $1 by 2025?
Parabolic price increases are par for the course for meme coins like Shiba Memu, as evidenced by its cousins Dogecoin and Shiba Inu. Remember, PEPE Coin surged to a 7,000% increase within three weeks of its launch—before eventually losing steam and falling out of the spotlight.
The difference is that no other meme coin leverages AI creatively as Shiba Memu does. Not Dogecoin, Shiba Inu, or Pepe— that all skyrocketed in price. Imagine how much more a token with a self-sustaining marketing engine like SHMU can achieve once it’s listed. When the bull market of 2025 arrives, $1 seems entirely plausible.
However, more conservative estimates place Shiba Memu between the $0.40 to $0.50 range by then. Not bad, considering the SHMU token launched at $0.01, $0.50 would be an impressive 4900% increase from the launch price.
What is XRP?
XRP is a token developed by Ripple Labs as a store of value and a way to facilitate global payments quickly and efficiently. It features near-instant transaction finality, robust scalability, and negligible transaction fees supporting micropayments.
XRP prices have come a long way since 2014, trading from $0.002 to around $0.50 today, representing a gain of almost 24900%. Today, XRP is the fifth-largest cryptocurrency by market capitalization, firmly establishing its position among the leading lights of the crypto world.
XRP price prediction: Will XRP reach $1 in 2025?
There have been several price predictions since Ripple won a key battle against the SEC, ranging from the attainable to the downright outrageous. $1 is a realistic XRP price prediction between now and 2025. If XRP puts its SEC troubles behind it for good, bullish estimates place XRP price predictions at around $2.50.
Shiba Memu vs. XRP: Which crypto is the better investment in 2023?
Whether or not Ripple decisively wins its legal battle with the SEC, XRP is hampered by its already massive $27 billion market cap. XRP must exceed Ethereum’s $200 billion market cap to surpass its 2018 all-time high of $3.40. Where will that money come from?
Meanwhile, Shiba Memu, as a token in its ICO phase, has more significant potential to appreciate than XRP since it’s still in the presale phase. 50x is within the realm of possibility, as tokens like Pepe Coin and Shiba Inu have already proven. At current token prices of $0.031600, it would be hard to find a better meme coin in today’s market offering such vast potential as Shiba Memu.
Join the SHMU presale here.
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