Is it time to bet on Shiba Memu?

Cryptocurrencies have outperformed stocks and commodities this year.

Most coins, including Bitcoin and Ethereum, jumped more than 100%.

The Shiba Memu token sale is accelerating due to increasing demand.

Cryptocurrencies are the best performing assets this year. Bitcoin's price has jumped more than 120% this year, while the tech-heavy Nasdaq 100 index and gold are up 48% and 10%, respectively. Other smaller coins such as THORChain (RUNE), Injective (INJ) and Solana have increased at a faster rate.

Why is a crypto bull run happening?

There are three main reasons why a crypto bull run takes place. First, Bitcoin jumped due to an ongoing trend known as TradeFi, which occurs when companies in traditional finance move into the crypto industry.

The best known of these companies are the big players such as BlackRock (the world's largest asset manager), Invesco, Arch Finance and Fidelity.

Additionally, other companies such as the London Stock Exchange (LSE), ANZ Bank and JP Morgan have embraced the concept of tokenization. Tokenization is the process by which companies convert real world assets (RWA) into digital tokens.

Second, there is a possibility that the Federal Reserve hiked interest rates. In the last two meetings, the price has not changed and the authorities have suggested to maintain the status quo.

According to the latest economic data, the country's inflation has dropped to 3.2 percent from 3.7 percent in September. Core inflation rose to 4.0 percent. And with the labor market softening and crude oil prices falling, there's a chance the bank won't raise rates again. In a recent note, UBS analysts said the bank's They have hinted that it will start reducing prices in 2024.

Additionally, the supply of bitcoin is declining, with the exchange's supply falling to the lowest level in more than five years. This half happened a few months ago. So the combination of high Bitcoin demand and low supplies can drive up its price.

If this happens, the price of Bitcoin could rise, causing demand for other altcoins such as Ethereum and Solana.

The Shiba Memu is doing well.

Meanwhile, Shiba Memu, a crypto meme coin with some artificial intelligence (AI) features, is doing well. According to its website, the organizers have raised more than $4.5 million from international investors. You can buy the token here.

Shiba Memu aims to revolutionize the meme coin industry by creating a platform with AI features. Key features of the platform include natural language processing (NLP), sentiment analysis, video and audio recognition, and predictive analytics.

Shiba Memu uses these AI features to boost its transactions, which the developers say will be automated. Therefore, Shiba Memu will be much better than Shiba Inu and Bonk.

SHMU token could be good if the crypto bull run continues. Recently, we've seen many meme tokens backfire. The value of Floki Inu has jumped over 100% this year, making Bonk and MemeCoin multi-million dollars. Other popular meme coins are Pepe and Taboo Token.

Historically, meme coins tend to do well when there is a strong crypto rally. For example, Shiba Inu became a major player in the industry as Bitcoin reached an all-time high.