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Ethereum whale activity is returning, thanks to renewed optimism in crypto. The whale activity coincides with a break above $2,000, suggesting that the cryptocurrency could go higher. Meanwhile, Shiba Memu (SHMU), an upcoming Ethereum ERC-20 token, surpassed $4.6 million raised in presale. With 36 days left to the end of the presale, investors are capitalising on the renewed optimism to buy the token.

Santiment data indicates that the 200 largest Ethereum wallets now own 62.76 million ETH. The holding is worth $124.1 billion, an increase of 30.3% from November 21, 2022. On November 20, 94,700 ETH wallets were created, the highest gain since July. Increased whale activity suggests expectations of price advances. As such, Ethereum could break the $2,000 barrier, based on the renewed optimism.

A higher ETH price is favourable for altcoins, as it is viewed as a barometer for the sector. An example is Shiba Memu, which is built on Ethereum’s ERC20 standard. As Ethereum rises, investors are attracted to other smaller crypto projects, expecting a complementary rally. As such, ahead of its crucial listing in 2024, Shiba Memu could continue to attract demand.

Investors have been flocking to the Shiba Memu presale, banking on its significant prospects. At the bare minimum, Shiba Memu is a meme cryptocurrency. But it’s not like the old folks that are frothy and carry little underneath them.

Shiba Memu is a marketing powerhouse led by artificial intelligence. Think about what AI can accomplish and put Shiba Memu on the same wavelengths. Of course, a significant value proposition is the ability to use AI to self-market on online forums. If you are a meme enthusiast, you already know how influential marketing has been to tokens like Dogecoin.

But unlike its meme peers that rely on human efforts, Shiba Memu’s AI marketing makes it 100 times better. The AI can crawl the web for the best ideas in advertising and write its own marketing copy. As such, Shiba Memu is crafted to be a sustainable meme capable of dislodging peers. Investors have trusted this proposition, accumulating the token in millions of dollars ahead of listing. What’s more?

Shiba Memu has an attractive ROI during the presale. The token’s price has risen nearly four-fold since the presale was launched a couple of weeks ago. This happens due to the project tokenomics, which allows Shiba Memu’s price to rise daily at 6 PM GMT. The value will have risen higher by the time the presale concludes, making the token very attractive. 

Shiba Memu is a potential trailblazer, and 2024 post-listing gains could be huge. The project is already backed by a community of early presale investors, giving it an initial boost.

Analysts believe Shiba Memu could make up to 1,000% gains immediately after listing. Given the presale demand and historical price trends in the meme sector, the potential is realistic. The improving crypto sentiment is also positive and could support early gains for Shiba Memu. Conversely, Shiba Memu could increase by more than 10X as the meme sector grows and AI use grows. 

Shiba Memu is attractive to investors looking to capitalise on initial presale gains. With slightly over a month to go, the token has massive gains to be earned while in presale.

Investing today could also make sense before the price skyrockets. Shiba Memu will be listed on the best exchanges, increasing visibility and unlocking demand. The benefit of buying the token while on presale is enjoying the speculative gains once the token is listed.

The post Ethereum whale activity increases as token surpasses $2K in fresh boost to Shiba Memu appeared first on Invezz

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