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Artificial intelligence has the potential to be as big of a deal as the internet itself, says Barry Glassman – the Founder and President of Glassman Wealth Services.

AI as a market is expected to grow at a compound annualised rate of nearly 37% between now and the end of this decade. In a recent interview with CNBC, Glassman said:

Artificial intelligence has the potential to transform every company. I believe AI is going to be as transformative as the internet itself. There’s going to be disruption just like the internet.

Interestingly, he finds it possible that the current niche players end up not being the most notable winners in the long term – much like Cisco which was a great investment in internet for a few years until others took over.

Simply put, artificial intelligence will continue to grow rapidly and will likely have room for all – be it a tech-focused business or a non-tech company; a niche player or an up-and-coming project like Shiba Memu.

Shiba Memu is a recently introduced platform that’s exploring the magic that artificial intelligence can bring to the world of marketing.

This self-promoting AI solution can adapt to a bunch of practical applications. In a White Paper available on its website, Shiba Memu calls itself a “marketing powerhouse” and gloats of an ability to handle as much workload as 100 marketing agencies.

But what makes this project uniquely fascinating is that it’s powered by “SHMU” – a native meme coin of its own.

Note that meme coins were a $20 billion market last year versus not a sausage at the start of the pandemic. Other than artificial intelligence, that’s another rapidly growing market that Shiba Memu wants to benefit from.

For more details on how to add Shiba Memu to your portfolio, visit the website here.

SHMU – the native meme coin that’s currently in pre-sale is different from its peers in two primary ways.

First, its price increases after every 24 hours. For example, the token is going for $0.023 at writing and the next bump in its price is scheduled for about 16 hours from now. Secondly, SHMU will have an actual utility once the Shiba Memu launches its much-awaited AI dashboard in the final quarter of this year.

The said launch is expected to lift the demand and subsequently result in price appreciation. Even without the dashboard, though, there’s been immense interest in the SHMU coin. In about two months of pre-sale only, the meme token has raised more than $2.3 million already.

After the pre-sale, Shiba Memu will go live on the cryptocurrencies focused exchanges that typically drives more demand and, therefore, may help push the price of an SHMU further up.

As stated earlier, Shiba Memu will likely benefit as artificial intelligence as well as meme coins markets continue to grow in the coming years. In the near term, it may also capitalise on several tailwinds for the crypto space at large.

For instance, if the Securities & Exchange Commission of the United States ends up approving a Spot Bitcoin ETF that many believe it eventually will, it will boost institutional interest in cryptocurrencies and the SHMU as a component of that market will likely reap the benefits of it.

CryptoPRNR – an influencer that talks digital assets also recently forecast Shiba Memu among the four top cryptocurrencies expected to outperform in the next crypto rally. The native meme coin is on track to end the pre-sale with a near 120% gain on September 1st.

Lastly, even though Fed Chair Jerome Powell continues to keep the possibility of further rate hikes alive (read more), headline inflation in the U.S. has dropped to around the 3.0% level which suggests the central bank is now close to the end of its hiking cycle. Once it pivots, the risk-on assets like SHMU may invite bigger bets and subsequently see price appreciation.

Further details about Shiba Memu and the SHMU meme coin is available on the project website here.

The post Shiba Memu in focus after Glassman said AI will be as big ‘as internet itself’ appeared first on Invezz.

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