фото показано с : invezz.com

The cryptocurrency industry is going through major headwinds amid regulatory and monetary concerns in the United States. Bitcoin has remained below $26,000 while the market cap of all coins has been stuck at $1 trillion. 

The biggest concern among investors is about the Securities and Exchange Commission’s (SEC) next actions after losing an important case against Greyscale last week. In the aftermath of this loss, the SEC decided to delay ETF decisions by companies like Blackrock and Invesco.

There are also concerns about the next actions by the Federal Reserve. Fed officials have lamented that inflation remains stubbornly high and hinted that more rate hikes will be needed.

Even if the Fed pauses rates in its rates unchanged, the reality is that money market funds (MMF) and certificates for deposits are yielding over 5%. As such, many investors are rotating to these assets, which are often seen as risk-free.

There are some bright spots despite the ongoing fear in the market. For example, Shiba Memu, an upcoming meme coin, has raised over $2.4 million in the past two months. 

According to its white paper, Shiba Memu aims to be the next big thing in the crypto industry. It aims to achieve that by leveraging the two main themes in the market this year. 

First, there is theme of meme coins, which have seen many tokens like Pepe go mainstream and achieve multi-million dollar valuations. It aims to become bigger than other popular meme coins like Shiba Inu and Dogecoin.

Second, Shiba Memu is also using artificial technology that has created many millionaires this year. AI has even pushed Nvidia to become a trillion-dollar company.

Its AI tools will use several important technologies like natural language processing (NLP), sentiment analysis, image and video recognition, and predictive analysis among others.

For example, once its technology is complete, Shiba Memu will be able to do self-marketing. Most importantly, $SHMU holders will be able to earn staking rewards by just holding the token. You can buy Shiba Memu here.

According to the white paper, the developers have minted 2 billion tokens. 1 billion of these tokens have been removed from the market. 85% of these tokens are being sold in a presale, with 350 million being dedicated to the BNB Chain and 500M to Ethereum.

Other tokens will go to provide liquidity in centralized and decentralized exchanges like Binance and Huobi. Further, the team has dedicated some token for the development of the token and cross-chain liquidity.

According to the roadmap, if everything goes according to plan, the Shiba Memu token will be launched in Q3 (so, either September or October). It will then be listed in major CEX and DEX exchanges in Q4 while the development will continue.

The post Trending Shiba Memu could be the next big thing in crypto appeared first on Invezz.

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