While other cryptocurrencies are having a roller-coaster ride, Shiba Memu is riding the hot wheels of other big crypto players in the meme sector, such as Pepe Coin and Floki Inu.
So don’t be surprised when you hear that Shiba Memu is one of the best cryptos in 2023 and has a long-lasting impact on the future of AI in the crypto world and meme coins.
In this article, we will be exposing the features that make Shiba Memu different, why it is being hyped as the best crypto in 2023, and its future price prediction.
What Is Shiba Memu?
Shiba Memu is the new kid on the block. It is a combination of AI and blockchain.
Shiba Memu (SHMU) is a brand-new cryptocurrency meme coin that supports an ecosystem that makes use of AI to advertise and build buzz inside online communities.
This strategy is expected to generate 100x profits for shareholders.
Below is the reason Shiba Memu might set the bar for other meme coins that come after it, to generate as much money as possible within its eight-week pre order that was just launched.
Why 2023 Has Been A Good Year For Meme Coins
Recently, meme tokens have captured the attention of many investors. This, in so many ways, has created a cultural dimension that is redefining the crypto industry.
The year 2023 has seen a rise in meme tokens like Pepecoin, Shiba Inu (SHIB), and others. However, in 2022, many of these tokens will have a little fallback due to the broader crypto bear market.
This year, lot of new memecoins emerged as darkhorse that changed the memcoin’s leaderboard. For example, Pepecoin, a new ERC-20 memecoin based on the popular meme “PEPE the Frog” by the artist Matt Furie, become third biggest memecoin just after its lunch in April, 2023.
Many have been asking why this year, 2023, is filled with meme coin hype. Well, here are some reasons.
1. Lower Correlation With Leading Cryptos
Last year, the price drop of leading cryptocurrencies like Bitcoin and Ethereum drastically affected the price of the entire market. Their fall dragged with them high-flying meme coins.
For example, DOGE lost close to 60% of its value in 2022.
While this explains the lack of independence for these meme coins, in 2023, meme coins are charting a different course based on community sentiment and development rather than just market price or Bitcoin lead.
2. Partnership And Integration
It was not common practice to pay much attention to meme tokens before now.
Many crypto projects have perceived these tokens to lack technical substance until recently.
Leaders in the crypto space are now paying unflinching attention to these tokens by partnering with these memes. By doing so, users can see these coins as legitimate instead of just bluffs.
For example, Vitalik Buretin, the founder of Ethereum, is in collaboration with Dogecoin developers to initiate community staking.
Similarly, in 2021, AMC Theatres accepted DOGE and SHIB as a payment option due to the large number of customers.
These types of partnerships are further legitimizing meme coin projects.
3. Mainstream Attention
If you must know, the meme hype is working.
The hype has been able to draw the attention of investors like Elon Musk and Mark Cuban. Thus, the top invested continued investment helps the meme tokens to remain in the spotlight.
As a result, these meme tokes will see their prices spike if a tweet from top influencers and investors is sent out.
Also, in 2023, there has been increased media coverage of these meme tokens and in turn, pull in retail interests. While the year is not over, you should expect some personalities to talk about the meme token and benefit from the hype.
4. Retaining Retail Interest
Meme’s token thrives on hype, FOMO and social media trends.
Therefore, they are likely to witness a significant increase in market price when a retail investor hypes and trades accordingly.
In 2023, new traders are emerging on the scene, and they are trying to make sure that they are not left out of whatever comes from this meme hype.
Google trend shows an increasing search interest in tokens like DOGE and SHIBA.
This might be a good signal for traders and investors.
Why Shiba Memu Is In Trend
We have established the fact that Shiba Memu has become popular in the crypto market. The meme’s ability to combine AI and blockchain to market itself gives it an edge.
1. Association With Shiba Inu
The project’s title and identity are connected to the $4.2 billion market value of the meme coin Shiba Inu.
Shiba Memu is effectively pitching itself as an offshoot to steal some of the buzz surrounding SHIB.
Although Memu is trying to replace its former dog-themed mascot, the currency is still unknowingly riding on Shiba Inu’s back.
2. Promise Of Utility
Based on its whitepaper, “EmuPaper,” Shiba Memu seeks to provide real-world value beyond speculative value, unlike many obvious meme coin replicas.
An NFT incubator, P2E gaming, and virtual world creation are a few of the suggested use cases. Although many of these offers seem like they’re still in the idea stage.
3. Viral Marketing
Shiba Memu has had success with promotions, personality relationships, AMAs, and other strong online marketing strategies.
This viral strategy quickly spread knowledge and capitalized on the meme currency craze. This is largely helping the token’s relevance and acceptability among crypto community member
Price Prediction For Shiba Memu
According to the whitepaper, the market capitalization of the meme token market increased from $0 in early 2020 to over $20 billion in early 2022.
This growth represents a remarkable year-over-year increase in this burgeoning new market and highlights its rising popularity among both experienced and novice investors.
Going further, the effectiveness of Shiba Memu’s AI tools will ultimately decide whether it succeeds in 2025. According to the project’s roadmap, in 2025 it will continue to develop, enter new markets, and boost community involvement.
The effects of utilizing AI only for advertising, nevertheless, remain to be seen. At the moment, AIs are criticized for their lack of subtle comprehension and argumentation.
Because of this, depending on the aim of marketing, it could produce poor outcomes compared to using a team of real people.
In addition, the Shiba Memu cryptocurrency has no present-day utility. It will depend on publicity to increase requests, or else the cost will drop. Although little has been revealed, the roadmap seeks to boost utility and link it with other dApps.
In light of this, our Shiba Memu price projection for 2030 projects a range of $0.02 to $0.28, with an average price of $0.024.
Shiba Memu’s rapid growth demonstrates that meme currencies are still quite common in the cryptocurrency space, notwithstanding last year’s severe bear markets.
Within a brief period of time, SHEMU has successfully navigated the advertising sales cycle to create a passionate society as a whole, social media attention, and excellent exchange placements.
The idea behind it shines out as distinctive, and because of its connection to the Shiba Inu, it can gain from mirrored splendour.
Shiba Memu, however, has more potential to endure than pump and dump systems if correctly implemented because it makes guarantees of future genuine utility.
Naturally, exercising precaution when purchasing such a volatile asset type is still advised. Ideas are frequently more effective than implementation.
But Shiba Memu remains one of the most anticipated meme currencies for 2023, thanks to its innovative marketing and dissemination strategy.