Spot ETF Optimism Raises Bitcoin to $37K as Shiba Memu Pre-Sale Buy Interest Rises

A possible space Bitcoin ETF has sparked optimism in the crypto markets.

Shiba Memu has surpassed the $4.4 million barrier in pre-sale.

Once the token is listed, Shiba Memu may experience high valuations.

Renewed hope is entering the crypto markets. Bitcoin hit $37,000 on Thursday, its highest since May 2022, as investors bet on the spot ETF. Meanwhile, sentiment lifted the rest of the sector as most cryptos went green. The sentiment is positive for upcoming digital assets like Shiba Memu (SHMU). In the 50 days before the presale closed, investors bought more than $4.446 million worth of tokens.

Spot Bitcoin ETF increases interest in risky assets

The prospect of a Bitcoin ETF in the first place appears to be a key driver of growing demand for digital assets. Optimism increased after the SEC reported that it had opened discussions with Greyscale for its spot ETF application. The development comes after Greyscale won a judgment against the regulator over its on-site product offering.

Analysts are expecting the approval of the ETF to boost the price of Bitcoin. So far, market indicators have shown that a higher Bitcoin price is on the horizon. Bitcoin's one-month call-issue skew has increased by more than 10 percent. The rating is the strongest bullish bias for the asset since April 2021. Dimension parameters refer to option prices with respect to the condition that expires in one month's time. Outbound calls are interpreted as bullish discrimination.

Bitcoin's strengths are positive for the crypto as the asset keeps the sentiment of the sector. New projects like the Shiba Memu are likely to generate more interest by driving up post-listing prices.

Shiba Memu makes it big on meme interest

Meme cryptocurrencies are an interesting asset class. Although the major cryptos are lagging behind when a bullish market begins, their movement can be parabolic. This has seen investors buy meme tokens in anticipation of these market movements for quick and high returns.

Shiba Memu seeks to capitalize on the trend in meme properties to generate high ROI for investors. However, unlike his peers, who face frequent pumps and litters, the Shiba Memu needs permanence.

In this way, Shiba Memu is the fastest growing A.I. The project relies on AI to market itself and be powerful. For example, AI can scan the web for creative ideas and write its own marketing copy. In the future, Shiba Memu will become more intelligent and powerful to provide high ROI to investors.

Shiba Memu is a socially engaging memory project.

One of the interesting aspects of memes is their ability to captivate the minds of their fans. Terms like “Doge's Army” and “Shiba Army” are common in the devout meme community. This is because memes are largely social projects and derive value from engagements and social rumours.

But unlike its predecessors, Shiba Memu has taken its engagement game up a notch. The project features an AI dashboard where users can have meaningful conversations with AI. You can ask AI about the latest marketing strategies. You can also give suggestions on how to improve the project. The participation confirms Shiba Memu's dominance using social metrics, which helps its value grow.

Is Shiba Memu a good investment?

Shiba Memu's strong pre-sales indicate that demand for the project is very high. Potential pst-list profits are expected to be high due to high valuations. Similarly, analysts have appreciated the token as a potential 10x investment, given the investors' interest.

Shiba Memu also features a very attractive pre-sale. The token price increases daily at 6 PM GMT, providing a constant return for early birds. For example, while the token started at a price of $0.011125, it is now $0.039700. Additional profits are expected to increase during the remaining 50 days of the pre-sale.

There are also other interesting ways to generate passive income with Shiba Memu. These include a staking program. Investors get a yield from their held tokens. This makes Shiba Memu a viable investment to serve 2023 and beyond.