Shiba Memu’s presale hits the $5M mark: Is memecoin a good buy right now?

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The crypto market has underperformed this week but the Shiba Memu pre-sale is closing in on a new chapter.

The pre-sale is close to raising $5 million to allow the developers to work on their product.

The cryptocurrency market is experiencing a correction this week, with the value of most coins and tokens down more than 5%. However, that hasn't stopped Shiba Memu pre-sales from reaching new heights.

Bitcoin slips below $41k.

Cryptocurrency, the world's leading bitcoin by market capitalization, has underperformed since the start of the week. It has lost more than 6% this week and is temporarily below the $41k range. At press time, the price of Bitcoin stands at $41,118 per coin.

The market is undergoing a correction and market analysts believe it will recover soon. Dips are considered buys for traders. For investors looking to get into the market, tokens in a presale are a great way to do so, and Shiba Memu is one of the leading Mem Project presales currently available.

What is a Shiba Memu?

Shiba Memu is a new meme coin project that is gaining great popularity among investors. The demand comes as meme coins like Dogecoin, Shiba Inu and PEPE continue to dominate the market.

Shiba Memu's pre-sale has surpassed $4.7 million and is now awaiting the $5 million mark as more investors continue to pour in.

The project is to help individuals and organizations manage marketing campaigns. According to their white paper, Shiba Memu's platform uses blockchain and AI to provide transaction services to users.

Using AI and blockchain technology, Shiba Memu is working to become a powerful marketing tool for users. Through this platform, users can perform a wide range of marketing activities.

Using AI allows Shiba Memu to work 24/7. It also identifies ideal creative scenarios and brings high-end marketing campaigns to users.

According to the team, it intends to take full advantage of the hype around meme tokens. Meme coins have become important in the crypto industry, growing from $0 market cap in 2019 to $35 billion in 2023.

However, Shiba Memu intends to be a different MM token as it provides real-world utility to users. Its AI technology helps users develop their marketing strategies, write their PRs and promote their services and products on relevant platforms and various social media platforms.

Shiba Memu will only be available to users on the BNBChain and Ethereum blockchains.

The pre-sale of Shiba Memu has exceeded 5 million dollars

Despite the market's weak start to the week, Shiba Memu pre-sales continue to move forward strongly. The project has raised over $4.7 million so far. At this rate, Shiba Memu pre-sales will reach the $5 million mark.

Most of the money raised during the pre-sale will go towards the development of Shiba Memu's AI technology.

The group will use the funds to develop its AI technology and other products.

Click here to learn more about Shiba Memu's pre-sale event.

Should you buy more SHMU tokens?

The SHMU token is likely to be one of the top meme tokens to be listed on crypto exchanges. Shiba Memu is a great project with real world use cases.

If you own SHMU tokens, you can buy more as the project could become a big winner in the market in the next few months and years. The token may gain greater acceptance in the coming months or years, and this price may rise.

The post Shiba Meme Presale Hits $5M Mark: Is Memecoin A Good Buy Right Now? First appeared on CoinJournal.