Spot Bitcoin ETF “Done Deal,” But How Does This Boost Optimism For Shiba Memu?
Analysts have increased their hopes for a place Bitcoin ETF.
Spot ETF boosts crypto sentiment, which benefits Shiba Memu.
Shiba Memu is a potential 10x investment by 2023.
Analysts are worried about the approval of spot bitcoin ETFs. They believe that the SEC's recent loss in the Greyscale case will increase opportunities for the space ETF. Meanwhile, Shiba Memu's pre-sale is at full speed as investors have high hopes for the upcoming AI token. With more than $3.8 million raised in the presale, the approval of the BTC ETF could be huge for the token. Investors can participate in the SHMU pre-sale by visiting the project website.
Bitcoin ETF symbol somewhere?
One Place Bitcoin ETF is a “done deal,” says Bloomberg ETF analyst James Seifert. The analyst commented on reports that the SEC will not appeal the court decision on the Grayscale Bitcoin ETF. The move paves the way for the listing of the Greyscale Bitcoin Trust ETF.
Analysts now believe the market is pricing in a green light for the BTC ETF space. Grayscale Bitcoin Trust (GBTC) has been trading at its lowest discount in over two years. GBTC's discount to Bitcoin's net asset value (NAV) fell to 15.87% on October 13. The parameter shows how far a device is from its true value.
Analysts believe that the GBTC discount will decrease further as markets anticipate the first position Bitcoin ETF. That comes as Grayscale prepares to convert its fiduciary product into a spot ETF.
The bright hope of Crypto to raise Shiba Memu
Shiba Memu has exceeded expectations after a fast-selling pre-sale. However, the approval of the first place Bitcoin ETF will increase interest in the crypto token.
The Spot Bitcoin ETF will revive interest in risk assets, fueling speculation, particularly in bitcoin. Therefore, meme cryptocurrencies have benefited from improved crypto sentiment in the past. It opens the way for the emotion to arise in Shiba Memu in the future and after they are listed.
In addition to an improved crypto mood, Shiba Memu could be a challenger in the meme space. AI is a very hot development, with the prospect in the Shiba Memu being an attraction so far.
Unlike its Mem peers, Shiba Memu aims to be one of the most sustainable cryptocurrencies. It uses AI to market itself online and create social buzz. As meme predecessors suffer from market dips, investors may turn to Shiba meme.
How does Shiba Memu work?
Shiba Memu integrates blockchain and AI to build a seamless transaction power. With AI, Shiba Memu taps into natural language processing to identify online mentions. It applies sentiment analysis and machine learning to assess investor sentiment and improve its marketing practices.
Users play a vital role in the development of Shiba Memu. The project has an AI dashboard, which is an interactive platform. Users engage with AI, ask questions, get feedback and learn about Shiba Memu's marketing interventions.
The most interesting thing about Shiba Memu is that the AI never gets tired. Day and night he is always learning and improving. Thus, the team believes that the project will generate more jobs for the 100 plus marketing agencies.
Shiba Memu Forecast in 2023, 2024
Shiba Memu's main performance is the price increase during the pre-sale. The token price increases daily at 6 PM GMT. The price volatility gives momentum to Shiba Memu, with pre-sale investors benefiting from the increase.
Shiba Memu has great potential based on pre-sale demand. Given the history of strong moves in meme tokens, analysts have assigned SHMU a 10x investment.
A sensible forecast is a 1,000% price increase in Q4 2023 after SHMU details. By 2024, additional project developments will allow Shiba Memu to sustainably increase its value. As a result, the profit earned can be more than 10x, giving investors a huge profit.
