Shiba Memu: Memecoin Sees Price Spike Amid Market Slump, Stirs Fanship Among Crypto Patrons

Shiba Memu AI Loaded Memecoin Sees Price Spike Amid Market Slump: Details

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 24 August 2023 09:09 IST

Shiba Memu: Memecoin Sees Price Spike Amid Market Slump, Stirs Fanship Among Crypto Patrons

Photo Credit: Twitter/ @shibamemu

Shiba Memu will soon be made live to be listed on exchanges

Highlights

SHMU has collected over $2 million (roughly Rs. 16 crore) in presale
The Shiba Memu project is based in London
The altcoin could get listed on BitMart, media reports claim

A new memecoin going by the name of Shiba Memu is stirring an evident frenzy among members of the crypto community. The AI-laced cryptocurrency has managed to raise over $2 million (roughly Rs. 16 crore) in its pre-sale, that is slated to conclude on September 1. Modelled like the popular Shiba Inu cryptocurrency, the Shiba Memu altcoin is represented as SHMU. At the time of writing, each SHMU is trading at $0.022150 (roughly Rs. 1.83), showed its official website.

Loaded with AI capabilities, the Shiba Memu cryptocurrency has been labelled as self sufficient by its developer team, based in London.

“Unlike other meme tokens, which require significant marketing efforts from human teams to gain traction, Shiba Memu will create its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks,” the project's official website said.

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All updates, warnings, and predictions about this cryptocurrency will be published on various social media platforms while also analysing the performance of its marketing strategies and making necessary improvements in real time.

The AI token's tendency to generate hype around it may have a significant impact on its market position and pricing, a Techopedia report said.

“AI-personalised marketing messages based on user behavior, preferences, and other data – massively increase engagement. AI-powered NLP algorithms will (also) analyse social media posts, forums, and other online communities to identify relevant discussions and topics related to Shiba Memu,” the company website noted.

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The cryptocurrency will soon be made live to be listed on centralised and decentralised exchanges. The altcoin could first be listed on the BitMart crypto exchange, a CoinTelegraph report said.

Back in May, another memecoin called the Pepe Coin launched discreetly with a ‘no tax policy' making it appealing to small and experimentative investors. $PEPE had also stirred quite the frenzy on social media at the time. Currently, PEPE is trading at $0.0000000002001.

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Further reading: Cryptocurrency, Shiba Memu, Memecoin

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More