Day: October 9, 2023

Islamic Coin just hours away from listing on KuCoin

Islamic Coin will list on KuCoin exchange on October 10th.
The crypto project has been making partnerships this year.
It launched a public sale on Republic only a few days ago.

Islamic Coin is scheduled to go live on one of the world’s largest crypto exchanges by volume – KuCoin, on October 10th.

Islamic Coin team participated in COP27

The Shariah-compliant cryptocurrency is committed to improving access to financial services while also keeping energy consumption in check in line with directives of the United Nations.

Islamic Coin participated in a bunch of prominent events over the past twelve months including the Youth International Conference and COP27 in pursuit of cultivating connections. Mohammed AlKaff AlHashmi – its Chief Executive Officer said in a press release today:

We look forward to building more relationships with leading exchanges, to bring benefits of Shariah-compliant finance to Muslim community and beyond.

Earlier this year, Islamic Coin announced a strategic partnership with DDCAP Group to integrate with global Islamic banks.

Islamic Coin has been making partnerships

The said listing on KuCoin will be the first one for the native currency of Haqq that is committed to ethical investment practices (10% of issuance goes to charity).

Islamic Coin has collaborated with the likes of Fambras, Pyypl, Sushi, and Holiday Swap as well. Members of the UAE ruling families, including Juma bin Maktoum Al Maktoum are on its advisory board.

The project aimed at seamless transactions and Shariah-compliant financial instruments had raised a record $400 million in a private sale, as per the press release on Monday.

The crypto market news arrives only days after Islamic Coin launched a public sale on a subsidiary OpenDeal Inc that does business as Republic.

The post Islamic Coin just hours away from listing on KuCoin appeared first on CoinJournal.

TG.Casino Token Presale Passes $500k Milestone with Upcoming Telegram-Powered Platform

Amsterdam, The Netherlands, October 9th, 2023, Chainwire

The token presale for upcoming crypto casino TG.Casino has now raced past $500,000 and is approaching the $1 million soft cap mark.

TG.Casino Token ($TGC) is currently available to purchase for $0.125 – holding the token allows users to generate staking rewards and earn a share of casino profits through a token buyback once it is launched.

At the time of writing the presale has raised almost $700,000 with the staking annual percentage yield (APY) set at 737%.

Stake $TGC to earn rewards and share casino profits

TG.Casino is a fully decentralized and licensed crypto casino – powered by Telegram – that will offer instant and anonymous play, anonymous crypto transfers, thousands of slots, classic casino games, and a competitive sportsbook.

However, unlike many other casinos in the crypto space TG.Casino, which has not yet launched, is offering native token $TGC for holders to earn further rewards beyond gambling and wagering.

Staking

The first is through its staking mechanism, with presale buyers able to add purchased $TGC tokens immediately to the staking pool and generate an APY.

As outlined above, the current APY is over 737% meaning those who have purchased early will continue to accrue tokens as the presale continues. The APY will reduce as more tokens are locked into the pool meaning.

Profit sharing/token buyback/burn mechanism

Staking will also play an integral role in the profit-sharing system.

Users who have tokens staked once the casino is up and running will earn a share of daily profits through a planned token buyback system.

$RLB, the native token of Rollbit, surged 60% and reached a peak market cap of $700 million after it announced a buyback scheme in August.

The TG.Casino buyback will see the casino use a share of daily profits, once live, to purchase $TGC tokens and distribute them to those who are staking.

This will allow token buyers to earn more tokens. However, the buyback goes a step further by also adding a burn mechanism as a feature.

From the buyback, 60% of purchased tokens will be distributed to stakers as rewards, with 40% sent to a burn address meaning they are permanently taken out of supply.

As has been shown with the likes of Maker ($MKR) and Verasity ($VRA), token burns can have a positive effect on price, as the supply is reduced and the value of an individual token increases.

Presale info and tokenomics

The presale launched in late September and is offering tokens at a fixed price of $0.125 through one round.

There is a max supply of 100 million tokens with 40 million allocated to the presale (40%) with a soft cap of $1 million – which is now 67% sold out – and a hard cap of $5 million.

There is a minimum purchase of 100 tokens ($12.50), with $TGC an Ethereum-based ERC-20 token that can be purchased with ETH, BNB or USDT.

The remaining supply will be allocated to decentralized exchange liquidity (20%), the staking pool (20%), the rewards system (10%), marketing (5%), and affiliates (5%).

Its token smart contract has been audited by Coinsult with no major security issues found.

Telegram-powered casino

TG.Casino will utilize powerful Telegram bots to offer users an enhanced customer experience, with players able to enjoy anonymous and instant crypto gambling.

The crypto casino is fully licensed by the government of Curacao, and follows anti-money-laundering and responsible gambling policies. Some players will only be able to access the site via a VPN, however.

Players use the messaging app, which has almost 800 million active global users, to access the casino via command-based prompts.

That means that sign-up is instantaneous and anonymous, with no KYC verification steps to complete, and the casino and Telegram recognizing a phone number as a unique reference for individual players.

Telegram also allows players to deposit and withdraw crypto instantly and anonymously, via trusted crypto wallets such as MetaMask, Coinbase and Trust Wallet.

Players can transfer around a dozen cryptocurrencies, including BTC, ETH and USDT, without fees and with a minimum amount of just $1 (or equivalent).

Once live, the casino will offer thousands of leading and provably fair slots games – such as Aviator and Plinko – from leading and trusted developers like Spribe, Hacksaw, and Evolution.

TG.Casino will have casino classics such as Poker, Blackjack, and Roulette, with both live and virtual dealers and dozens of different tables that are suitable for both novice players and high rollers.

There will also be a sportsbook with competitive odds from leading providers, such as BetRadar, with pre-game and in-play markets on competitions such as the Premier League, NFL, NBA, and many more, including eSports.

New players at TG.casino can earn a 150% matched first deposit bonus, up to $30,000, and get 300 free spins – there is a 40x wagering requirement to receive the full bonus.

For more information on the casino – as well as the presale, staking and buyback mechanism – users can read through the TG.Casino whitepaper or join the Telegram community group

Disclaimer:

TG.Casino is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Contact

TGCASINO
TG Casino
info@tg.casino

The post TG.Casino Token Presale Passes $500k Milestone with Upcoming Telegram-Powered Platform appeared first on CoinJournal.

Bitstamp eyes expansion via partnership with major European banks

Bitstamp says three “household name” banks in Europe are looking to offer crypto services.
The crypto exchange expects deals as early as first quarter 2024 for services related to its Bitstamp-as-a-Service solution.

Bitstamp is reportedly in talks with several major European banks as it looks to position itself ahead of the rollout of the region’s MiCA rules.

The cryptocurrency exchange is looking to tap into partnerships with the banking institutions to expand its crypto services and products, according to a report published by CoinDesk. It’s news that comes not long after Bitstamp halted Ether (ETH) for US customers amid an unfriendly regulatory environment.

Bringing financial firms to crypto

Per details of the talks, Bitstamp wants to explore the clarity provided via the MiCA laws to bring crypto to more people via three of Europe’s largest banks. The expectation is these firms will begin to offer crypto services to customers in the first quarter of 2024.

According to a senior executive at Bitstamp, the EU’s comprehensive crypto regulatory framework has market players confident. Meanwhile, traditional financial companies are increasingly warming up to digital assets.

Robert Zagotta, global chief commercial officer and CEO of Bitstamp US, says there’s been increased inquiries about the exchange’s Bitstamp-as-a-service solution. The on-demand crypto solution provides for a simple way for banks, fintechs, and payment platforms among other traditional firms to enter the burgeoning crypto space, thereby extending exposure to the new asset class to their clients.

Zagotta said Bitstamp is currently engaging three “household name banks” across Europe. While he did not disclose further details about the firms, he noted that the exchange will make official announcements early next year.

Bitstamp’s big move comes as banking giants like Deutsche Bank and HSBC have in recent months alluded to greater demand from customers for exposure to Bitcoin and other cryptocurrencies. In September, Deutsche Bank partnered with Swiss crypto firm Taurus in a deal that is targeted at providing custody services for digital assets and tokenized financial instruments to institutional clients.

The post Bitstamp eyes expansion via partnership with major European banks appeared first on CoinJournal.

How the Netherlands is turning into a crypto hub

The Netherlands is known to have very elaborate and strict crypto regulations that require companies to register to be allowed to offer crypto services.
Binance was fined $3.4 million by the Dutch central bank in July 2022 and Coinbase was also fined €3.3M in January 2023 for failing to comply.
Some crypto companies like Crypto.com have successfully registered to offer crypto services in the Netherlands.

The Dutch regulatory landscape, characterized by strong yet transparent regulations, has attracted global players while simultaneously maintaining the integrity of the financial system. Crypto.com’s recent approval in the Netherlands is a testament to the country’s status as a strong and welcoming market for cryptocurrency enthusiasts and businesses.

The story of how the Netherlands achieved this status is a compelling tale of careful regulatory oversight and a burgeoning crypto industry. In recent years, the Netherlands has emerged as a crypto-friendly haven, with a regulatory framework that encourages innovation while safeguarding against potential risks.

One notable example of this regulatory approach was the case of Binance, one of the world’s largest cryptocurrency exchanges. When Binance sought regulatory approval to operate in the Netherlands, it faced a roadblock and the Dutch regulators, under the Central Bank’s oversight, did not approve due to concerns over compliance and customer protection. Binance subsequently chose to withdraw its services from the Dutch market.

Coinbase, another global crypto exchange company was fined $3.60 million by the Dutch Central Bank for failing to comply with the domestic regulations. These incidents highlight the country’s commitment to upholding stringent regulatory standards, even at the cost of losing major players in the crypto space.

Netherlands’ crypto casino market

One sector that has thrived within this regulatory framework is the crypto casino industry. Crypto casinos in the country have seen positive growth over the last few years, offering a secure and anonymous platform for users to engage in online gambling using cryptocurrencies. 

The Dutch government has recognized the potential of this industry and has taken a proactive approach by implementing regulations that ensure fair play, prevent money laundering, and protect consumers. As a result, crypto casinos have flourished within a regulated environment, attracting both domestic and international players.

Perhaps one of the most significant factors contributing to the Netherlands’ rise as a crypto casino and crypto hub is the legal status of cryptocurrencies in the country. Unlike some nations that have taken a more restrictive stance on digital assets, the Netherlands has chosen to embrace cryptocurrencies fully. There are currently no regulations that explicitly prohibit the use or trading of crypto assets in the country. This legal clarity has encouraged crypto startups and established players to establish a presence in the Dutch market, driving innovation and investment in the sector.

In addition, the Dutch government has introduced a licensing system for cryptocurrency service providers, including exchanges and wallet providers. This licensing system, overseen by the Dutch Central Bank, ensures that these entities comply with strict anti-money laundering (AML) and know-your-customer (KYC) requirements. It not only adds a layer of security for users but also reinforces the government’s commitment to maintaining a transparent and compliant crypto ecosystem.

The Netherlands has demonstrated that it is possible to strike a balance between embracing cryptocurrency and maintaining robust regulatory oversight. The Dutch regulatory body, De Nederlandsche Bank (DNB), has played a crucial role in fostering this environment. It has actively engaged with the crypto industry, seeking input and feedback from stakeholders to create a regulatory framework that meets the needs of both businesses and consumers.

The post How the Netherlands is turning into a crypto hub appeared first on CoinJournal.

Bancor (BNT) hits 2-month high amid spike in whale activity

Bancor (BNT) price rose more than 70% to $0.69, the coin’s highest level in two months. 
BNT price surged as whale activity and network growth drove buyside pressure.
Geopolitical events in the Middle East have dampened markets, but analysts say Bancor could surge to new multi-month highs.

Bancor recorded a significant bump in price over the weekend, rising to a two-month high of $0.69 as BNT buyside pressure saw it outpace Bitcoin and top altcoins. The coin’s upside of 71% for the 24 hours to Monday morning came even as the fresh geopolitical events appeared to dent sentiment battered by inflation and interest rates concerns.

Bancor price surges as markets weigh Israel-Hamas conflict

Ahead of markets opening on Monday, US stocks were down and Bitcoin, Ethereum and most altcoins were trading lower. Investor jitters come as analysts point to the potential impact of a full-scale war in the Middle East following Israel’s retaliation to a surprise attack by Hamas.

While the Saturday attack saw a swift spike in oil prices, speculation over what happens next in the volatile region meant a slowdown for risk assets.

However, the impending escalation aside, the Bancor price broke out as network growth and whale activity skyrocketed. Other than a massive haul of BNT by a wallet linked to Korea’s largest crypto exchange Upbit, on-chain data also showed the most active addresses have been busy over the past two days.

According to data by Santiment, Bancor’s price peaked with a +71% gain in 24 hours to reach $0.67 – the cryptocurrency’s highest price level in two months. The BNT/USD pair changed hands at highs of $0.69 on crypto exchange Coinbase.

📈 #Bancor‘s price had a peak gain of +71% in 24 hours as the weekend closed. Coinciding with this, the 797 active $BNT addresses are the most in a single day in nearly 2 years. If #onchain metrics continue this rate, a further increase may be in store. https://t.co/x3opEjOnJX pic.twitter.com/9xecovtFgF

— Santiment (@santimentfeed) October 9, 2023

What next for BNT price?

As analysts at Santiment pointed out in post on X, the price increase coincided with a spike in active BNT addresses. Specifically Bancor’s 797 active addresses saw their most active single-day surge in almost 2 years.

If on-chain metrics continue [at] this rate, a further increase may be in store,” the analytics firm noted.

In this case, bulls can target the supply zone at $0.77 and multi-month highs going back to mid-June. This could possibly open up a path to $1.18. On the downside, the key price level to watch is $0.50, below which Bancor look for a demand reload at $0.34.

The post Bancor (BNT) hits 2-month high amid spike in whale activity appeared first on CoinJournal.

Ethereum Foundation swaps Ether worth $2.7 Million, ETH dips

The swap was done on Uniswap.
Ethereum (ETH) had dropped 1.64% at the time of writing to trade at $1,593.66.
Ethereum Foundation’s significant holdings of Ether influence market dynamics despite its decentralized nature.

The Ethereum Foundation, a key player in the development and ecosystem of the Ethereum network, sold a portion of its allocated Ether (ETH) tokens. A wallet identified as “0x9eE457023bB3De16D51A003a247BaEaD7fce313D,” labelled as a “Grant Provider” on blockchain tracker Etherscan, executed a swap of over 1,700 ETH for $2.7 million in USDC on the Uniswap decentralized exchange.

Market reaction and impact

The sale of ETH tokens by the Ethereum Foundation triggered a reaction in the cryptocurrency market.

Ether’s price dipped by approximately 1.5% within a few hours, and over the subsequent 24-hour period, the drop extended to 1.8%. This event led to a temporary slump in the value of Ether and affected other major tokens as well.

Ethereum Foundation’s holdings

As of April 2022, the Ethereum Foundation held a substantial amount of ETH, valued at nearly $1.29 billion, representing roughly 0.297% of the total Ether supply at that time. Additionally, the foundation had approximately $300 million in non-crypto investments.

While the Ethereum Foundation does not govern the Ethereum blockchain, its actions can significantly influence token prices and impact investor and developer sentiment within the Ethereum ecosystem.

The Ethereum Foundation plays a crucial role in funding and supporting the development of applications and programs on the Ethereum network. While it is not a centralized authority, its activities are closely watched by the crypto community due to its historical significance and impact on the Ethereum ecosystem.

This recent sale is part of the Ethereum Foundation’s periodic token sales to cover operational costs and support ongoing development efforts.

The post Ethereum Foundation swaps Ether worth $2.7 Million, ETH dips appeared first on CoinJournal.

Memeinator prediction as presale kicks off on a strong demand

Memeinator aims to destroy and take weak meme tokens to oblivion.

Memeinator will deliver a 132% return during the presale.

A 10x to 50x increase in MMTR value is expected.

Memeinator (MMTR) went on presale on August 29th at an attractive price of $0.01. A week later, investors have bought over $650,000 worth of tokens. Investors particularly look at Memeinator’s immense potential and a 132% ROI during the presale. By the recent buying strengths, Memeinator could be the ultimate meme for 2023 and beyond. 

What is Memeinator and its value proposition? 

Memeinator is an upcoming cryptocurrency that rides the meme mania and frenzy to become viral. The team will invest heavily in branding and marketing to make Memeinator among the most popular projects. But Memeinator carries a huge value proposition.

The project is dubbed as a futuristic meme. Having travelled back from 2077, Memeinator focuses on destroying memes that won’t survive in future. It uses AI to scan the web for poorly designed and low-quality memes and destroys them. The aim is to let only the powerful, impactful, and valuable memes thrive. 

The Memeinator team believes the project’s crucial role in the meme space will enable it to dominate. As more people talk of it, it will increase online mania and cause the price to skyrocket. Combined with powerful AI-enabled marketing, the team believes the token could hit a $1 billion valuation.

Is Memeinator a good investment opportunity?

If history is to repeat itself, Memeinator could be the ideal investment for 2023. Think of big price moves that have happened elsewhere. Dogecoin, Shiba Memu, and PEPE are some tantalising projects that have returned big. Memeinator carries a similar potential, owing to its meme tag and an AI application. 

Investors also look at Memeinator as an ideal project for passive income. The project features a staking feature that lets MMTR buyers commit some tokens for regular rewards. There are also exclusive NFTs, initially available to presale buyers. 

A game feature to be launched once the presale ends also increases the utility of Memeinator. The game lets players engage in enemy pursuits, dismantling rival memes. As such, not only is Memeinator a utility token, but it also offers a fun way to invest.

Memeinator value increases in presale and prediction 

The Memeinator token will be valued at $0.0485 by the end of the presale. The value represents a 132% increase from the initial $0.01 at the beginning of the presale. 

The real value of Memeinator will be realised when the token lists on exchanges. According to the project’s roadmap, the listing will occur on tier 1 exchanges. Listing on leading exchanges makes the token available to many people, helping it increase in value.

A prudential prediction of a 1,000% increase will take the value of Memeinator to 0.485. The prediction is based on similar increases recorded on meme tokens. The value increase could be higher depending on the demand once the token is listed.

In the future, the increase of Memeinator could be as much as 50x. The token features a highly ambitious roadmap and quarterly burn that will help it retain value. Some project features include a fully audited smart contract platform and a resistant army backing it. Memeinator will also launch meme replicants to cement its dominating position. 

The project will also partner with top-tier platforms and influences to supplement its AI-enabled marketing. Once these are implemented, Memeinator price could become unstoppable. 

Memeinator ambitious tokenomics and presale

Memeinator’s presale occurs in 29 stages and is now in the third stage. 62.50% of 1,000,000,000 tokens will be offered during the presale. 15% will be allocated for the project’s marketing and CEX listings. 

The Memeinator team is allocated 10% of the tokens to fund ongoing development activities. 5% will go to liquidity provision and 7.5% to a competition pool. 

The tokenomics underline the strong ambition of the Memeinator team to see the project to fruition. That means the potential for the project to dominate is huge, increasing the viability of its token. 

The post Memeinator prediction as presale kicks off on a strong demand appeared first on CoinJournal.

RSI perfectly predicted Bitcoin’s price since June – how long will it last?

Bitcoin’s price has been in a tight range since summer
A range can be traded successfully using the RSI
Speculators should use small-size positions to avoid being caught on the wrong side of the market

Bitcoin investors, particularly hodlers, have had a hard time during the summer months. Literally, Bitcoin’s price did not go anywhere.

Sure enough, the rally in the early months of the year more than compensates investors holding the cryptocurrency in the long run. But similar (or more) gains may be achieved by speculating on short-term market movements.

This is true when and if the trader can identify periods when the market is in consolidation like it was during the summer months. In such times, the easiest way to trade a market is to use an oscillator and trade overbought and oversold levels.

The most popular oscillator is the RSI (Relative Strength Index), and its interpretation is straightforward. More precisely, every time the oscillator reaches values above 70, it is said that the market is overbought and should decline. On the contrary, when the RSI reaches values below 70, it is said that the market is oversold, and the price should increase.

Such a simple strategy works when the market is in a range. However, it can be devastating for the trading account when it trends.

Hence, the key is to identify a range. Once identified, it works as smoothly as possible – just have a look at how it performed on Bitcoin during the summer months.

Trading Bitcoin when the price is in a range

Since June, the RSI offered the perfect signal to trade Bitcoin. It worked flawlessly, as reflected on the chart below – and still works.

Bitcoin chart by TradingView

It will most likely still work if the range continues.

However, once the range ends, the market may stay in overbought and oversold territory more than a trader can stay solvent. Therefore, if anyone speculates on such ranges, they should do it with small-size positions and tight money management rules.

The post RSI perfectly predicted Bitcoin’s price since June – how long will it last? appeared first on CoinJournal.

Deribit to launch XRP, Solana, and MATIC options in 2024

Deribit plans to offer XRP, Solana, and MATIC options from January 2024.
The exchange holds an 85% market share in the crypto options space.
Deribit is also eyeing regulatory expansion in the EU and a potential move to Dubai.

In a recent interview with Bloomberg, the Chief Commercial Officer of Deribit, Luuk Strijers, announced the platform’s plans to introduce options for Ripple (XRP), Solana, and Polygon (MATIC) starting in January 2024.

Despite the current crypto market’s lack of volatility and Bitcoin’s stagnant price range, Deribit is determined to expand its offerings to cater to market participants seeking diversified investment opportunities.

Anticipating volatility with new options

Luuk Strijers believes that the launch of options for these three altcoins will inject some much-needed volatility into the market.

Implied Volatility (IV), which measures the expected market volatility, has remained in negative territory, indicating traders’ concerns about potential downside moves. However, Strijers is confident that the introduction of these new options will lead to increased activity and price movements in January 2024.

Deribit’s dominance and expansion plans

Deribit currently commands approximately 85% of the crypto options market, with institutions accounting for the majority of its trading volume. This strong position in the industry highlights the platform’s trustworthiness and adoption among professional traders and investors.

Furthermore, Deribit is not stopping at just expanding its asset offerings. The exchange has set its sights on obtaining a brokerage license in the European Union (EU) and is considering a move to Dubai as it awaits the necessary licenses. With 115 employees currently onboard, the company is also planning to hire additional staff to support its growth and expansion initiatives.

Deribit’s move to diversify its options offerings beyond Bitcoin, Ethereum, and USD Coin demonstrates its commitment to serving a broader range of cryptocurrency enthusiasts and traders worldwide. The introduction of XRP, Solana, and MATIC options in early 2024 is a significant step toward achieving this goal and expanding its market dominance.

As the crypto market continues to evolve and adapt to changing conditions, Deribit’s expansion and willingness to embrace new opportunities exemplify the resilience and adaptability of the cryptocurrency industry. Traders and investors eagerly await the launch of these new options as they seek alternative avenues for portfolio diversification and risk management in the ever-evolving crypto landscape.

The post Deribit to launch XRP, Solana, and MATIC options in 2024 appeared first on CoinJournal.

Will Shiba Memu reach $0.1 in 2023 after a highly subscribed presale?

Shiba Memu taps into the meme vibe with cutting-edge AI technology.

The project’s presale has surpassed $3.68 million in presale, with significant predictions.

Shiba Memu could surpass $0.1 in 2023 on account of its early success in presale.

Shiba Memu (SHMU), an AI-powered meme token, might be just a few weeks into the presale. However, there are huge predictions for the token on account of its highly successful presale. Investors have bought over $3.68 million worth of SHMU, suggesting a high demand and potential. But could SHMU be a replica of meme predecessors that have hit over 50x in the past?

The big Shiba Memu promise

In an ever-changing world of digital assets, aligning with the future is crucial to successful projects. For the meme cryptocurrencies, a perceived lack of value diminishes their future viability and adoption. That has questioned the sustainability of meme tokens and investment value.

Shiba Memu carves a path of its own through an AI feature. AI is growing in use in many spheres, generating utility through its powerful and intelligent analytics. Blockchain is one of the sectors with AI crypto coins growing in importance. By blending AI and memes, Shiba Memu aims to become sustainable and deliver a high ROI.

A key feature to achieve its objective is utilising AI to self-market itself. The AI will crawl the web for the best sentiment and creative marketing ideas to generate hype. Shiba Memu will also write its own PR and take on rivals through its powerful marketing. 

Shiba Memu beats rivals who depend on one-off events and influencer mentions to gain traction. This way, Shiba Memu can dominate social media chatter, growing in recognition and boosting its value.

What’s more? Shiba Memu is an engaging project. It features an AI dashboard where users can connect with the robot. They can ask questions, give suggestions, or poke fun. One can also learn about the latest in creative advertising. The features increase Shiba Memu’s utility by making it a true meme, capable of dislodging its predecessors.

Will Shiba Memu reach $0.1 in 2023?

Shiba Memu has a highly engaging presale, giving hints of its price potential ahead of listing in Q3 2023. Some analysts have earmarked a $0.1 to $1 price at the end of the year. While the predictions are speculative, they are realistic based on some factors.

First, Shiba Memu is valued at $0.032725. To get to $0.1 by the end of 2023, the token must rise by over 200%. We already know that meme cryptocurrencies elicit a lot of frenzies that push the token’s value. An example was PEPE earlier in the year, which returned over 10,000%. With the trends, a $0.1 is an underestimated prediction for Shiba Memu. Even if we take a prudential 1,000% increase, Shiba Memu would be valued above $0.3 at the end of 2023.

Secondly, Shiba Memu could be a meme alternative in a prolonged crypto winter. Predecessors like Dogecoin and Shiba Inu are yet to overcome a slump that started in early 2022. The price of newly launched meme tokens such as Shiba Memu is yet to be unlocked. Investors could look at these unlocked opportunities as they tread carefully on the traditional memes. This could allow Shiba Memu to hit and surpass $0.1 in 2023.

Finally, a new dawn for an AI-powered meme is an opportunity many investors would want to take advantage of. The AI use could generate additional FOMO and facilitate the price discovery for Shiba Memu. A fast-selling presale shows the FOMO is already gathering steam. 

Should you buy Shiba Memu now?

Time is of the essence if you consider Shiba Memu’s investment. The value of the token increases each day at 6 PM GMT. 

Early investors get more value for their investments as they are rewarded with higher-priced tokens. For example, while the SHMU presale started at just $0.011125, the token’s value is now three times.

The post Will Shiba Memu reach $0.1 in 2023 after a highly subscribed presale? appeared first on CoinJournal.


Verified by MonsterInsights