Is it time to buy a Shiba Memu?

The biggest stories of the week were the Federal Open Market Committee (FOMC) meeting on Wednesday and the US Non-Farm Payroll (NFP) data on Friday. These two events set the tone for what could be the next bull run in the crypto and stock market.

FOMC and US NFP data

The Federal Reserve concluded its two-day monetary policy meeting on Wednesday. And as widely expected, the Bank decided to leave interest rates unchanged at between 5.25% and 5.50%, the highest point in more than two decades.

In an accompanying statement, the bank left the door wide open for another rate hike in December or the first quarter of 2024. However, in a press release, Jerome Powell hinted that the Fed could hike rates.

At the same time, he pointed out that the bank will continue to be based on information. In this regard, the bank said that it will focus on the employment and inflation data released before the December meeting.

NFP data published on Friday confirmed that the labor market is easing. The economy added more than 150,000 jobs per month, while the unemployment rate rose slightly to 3.9 percent. Also, the labor force participation rate has decreased slightly.

Therefore, analysts believe that the Federal Reserve is now done hiking interest rates. This explains why US stocks had one of the best weeks of the month. The US dollar index and bond yields fell to their lowest points since September.

A Shiba Memu can help.

All this can benefit Shiba Memu and other cryptocurrencies. In fact, Bitcoin jumped to its highest level in over a year, with the total market cap of all coins reaching over $1.3 trillion.

For starters, Shiba Memu is an upcoming meme coin that aims to capitalize on the popularity of cryptocurrencies and artificial intelligence (AI). While the AI ​​hype is dying down, there were two important events this week.

Palantir Technologies posted strong financial results and forward guidance, fueling interest in AI. At the same time, Microsoft launched Copilot for enterprise companies.

Shiba Memu aims to be the best meme coin ever by having a complete ecosystem of celebrities like Floki, Dogeon Mars and Shiba Inu. For example, advanced AI technology can help automate the marketing process.

All this explains why Shiba Memu is gaining popularity. The developers have raised over $4.3 million from international investors. And due to increasing demand, they have now extended the pre-sale period until the end of December. You can buy the token here.

🚀Attention #MemuMafia!

First and foremost, a huge thank you to each and every one of you who voted. Your input and interest will drive us forward.

Based on your great feedback, we are decisively extending the $SHMU presale, which ends on December 30, 2023, for one final time. 🗓️

🧵

— Shiba Memu (@shibamemu) October 31, 2023

Is Shiba Memu a good investment?

Therefore, a common question among investors is whether Shiba Memu is a good investment. We believe that the crypto industry will go through a big rally in 2024, with the help of the upcoming Bitcoin halving, the interest rate by the Fed, and the launch of the Bitcoin ETF.

If this happens, it means that many meme coins will also be collected, including Shiba meme. However, there are always risks when investing in meme coins and other crypto tokens. For one, these assets are always highly volatile.

Therefore, if you are planning to invest in SHMU, we recommend that you use quality risk management strategies. For example, only invest in funds that you can afford to lose.