XRP surged more than 70% on Thursday following a favorable ruling in Ripple’s lawsuit against the U.S. Securities and Exchange Commission (SEC).
Shiba Memu’s pre-sale is approaching $800,000 as more investors enter the market.
The cryptocurrency market has been very bullish over the last 24 hours, with most coin and token prices in the green zone.
Shiba Memu’s pre-sale has also been very strong and is now expected to hit the $800,000 level as more investors enter the market.
XRP and XLM Rise to New Highs
XRP, the native coin of the Ripple ecosystem, surged more than 70% on Thursday thanks to a favorable ruling in the ongoing Ripple v. SEC lawsuit.
United States District Court for the Southern District of New York control It has become clear within hours that the sale of Ripple’s XRP token through exchanges and algorithms does not constitute an investment contract.
However, the judge also ruled that the sale of tokens by institutional investors violated federal securities laws.
Ripple’s partial victory was welcomed by the cryptocurrency ecosystem, pushing XRP to a one-year high of $0.84 on Thursday, increasing its value by more than 70% in the process. At the time of press ripple price $0.7857
XLM, the native coin of the Stellar Lumens ecosystem, also surged by more than 50% following Ripple’s announcement. BTC, ETH, Solana and Polygon have also posted impressive gains over the last 24 hours.
What is Shibamemu?
Shibamemuis still in the pre-sale stage but is included in the ongoing market rally. Shiba Memu’s pre-sale reached new levels hours ago as more investors entered the market.
Shiba Memu is a cryptocurrency token that combines AI and blockchain technology to create an unstoppable and completely self-sufficient marketing powerhouse.
In the whitepaper, the team explained that Shiba Memu is a project that can do the work of 100 marketing agencies. However, Shiba Memu is also active as an AI-based platform.
The platform finds the best work done in creative advertising, eats it up and spit it out, and is constantly working to find something better.
Shiba Memu is riding on the recent popularity of Memecoin, which has become a multi-billion dollar sector within the cryptocurrency industry. Over the last three years, Memecoin’s market cap has grown from $0 to $20 billion in 2022.
However, Shiba Memu differs from hundreds of other meme coins on the market in that it has utility and solves users’ real-world problems.
According to the white paper, Shiba Memu’s self-sufficient marketing capabilities powered by AI technology make it a unique and attractive investment.
Shibamemu Develop your own marketing strategy, create your own PR, and promote your company on relevant forums and social networks.
Currently, the project operates on Ethereum and BNB Chain, the two leading DeFi and smart contract blockchains in the cryptocurrency space.
Shiba-Mem presale close to $800,000
Shiba Memu’s pre-sale investment has more than tripled in the last 7 days. Last week, Shiba Memu had a pre-sale investment of $215,000 and is now at $798,247.
The surge in investment can be attributed to an increase in investors entering the market and investing in projects.
The Shiba Memu team said it will use the funds from the presale to develop some products. Most of the funds will be used to develop Shiba Memu’s AI technology.
Click here for more information Shibamemu pre-sale event.
Should I invest in Shiba Memu today?
The cryptocurrency market has performed excellently since the beginning of the year, with most coins and tokens rising in price by nearly 50% during this period.
But the market is still down more than 50% from its all-time high set in 2021. Market analysts now expect bitcoin and other cryptocurrencies to rise in the medium to long term.
The decision to invest in tokens or not is up to investors. but, Shibamemu Once the project is launched and the token is listed on cryptocurrency exchanges, it could be a big winner.
Shiba Memu combines the power of AI and blockchain technology to facilitate the marketing strategies of companies and organizations. If the project is adopted at the right level, its SHMU token could rise over the coming months and years.