The eyes of those who invest in crypto are on New York City as the trial of Sam Bankman-Fried, CEO of the fallen crypto exchange, FTX, continues. With onlookers speculating what impact the outcome of the case might have on the future of cryptocurrencies and regulation, Shiba Memu’s (SHMU) ICO continues to race unabashed, with crypto investors choosing the revolutionary meme coin to diversify their crypto portfolios.
Regardless of the outcome of Sam Bankman-Fried’s trial, Shiba Memu looks set to redefine the meme coin landscape with its alluring blend of artificial intelligence and meme coin charm. Here’s why it looks set to remain popular with those looking to invest in crypto, while a previous big name in the industry could fall on its sword.
The case against Sam Bankman-Fried
The prosecution case against Sam Bankman-Fried, who is accused of multiple counts of fraud, rests on showing that the messages he sent into the public domain via Twitter were at odds with what he was telling insiders.
When the run on the FTX exchange began nearly a year ago, Bankman-Fried assured his one million-plus followers on the social media platform that “FTX is fine. Assets are fine.” In testimony, FTX co-founder Gary Wang, one of Bankman-Fried’s closest friends and associates, told jurors, “FTX was not fine. Assets were not fine.”
This admission is seen as a massive setback for Bankman-Fried as he battles to portray himself as a guy with good intentions, with the prosecution using Wang’s admission as evidence that Bankman-Fried knew all along that FTX did not have the assets to cover client holdings.
While the crypto world continues to watch on with enormous interest to see how the case pans out, Shiba Memu’s march continues unabated.
What is Shiba Memu?
Shiba Memu is launching itself as the spearhead of the next-gen of meme coins by leveraging the power of artificial intelligence (AI) and fusing it with the continuing charm of meme coins to create a unique crypto project that’s already capturing the interest of several people that invest in crypto.
Meme coins traditionally utilize colossal community mobilization and costly marketing efforts to win over and grow their audience, just as big-name stayers in the sector like Dogecoin and Shiba Inu became viral slayers. More often than not, once the initial hype fades, so do investor interest and token prices, meaning that most meme coin projects fizzle out with less than a whimper. Pepe Coin, which went viral in 2023, is an excellent illustration of this pattern, as it sinks without a trace.
Shiba Memu is taking an entirely different approach to avoid this boom-and-bust pattern. Using AI technologies, such as natural language processing (NLP) and sentiment analysis, Shiba Memu will sniff out investor sentiment about the platform online across social media and web communities. AI algorithms will feed this data to create tailored marketing content to build its community and help its native SHMU token appreciate.
Shiba Memu is a leading pioneer of AI within the crypto space, never mind among meme coins, making it a hugely compelling option for anyone wanting to invest in crypto.
How does Shiba Memu (SHMU) work?
The native SHMU token powers the Shiba Memu ecosystem with a deflationary mechanism, limiting token supply over time and keeping buy pressure high. While two billion tokens were originally minted, only one billion will remain in circulation, with 85% dedicated to the presale event, 10% to CEX and DEX listings and staking rewards, and 5% to the development team.
The SHMU token is the key to unlocking the best features of Shiba Memu. Users can view an online interactive dashboard to view the progress and effectiveness of its online marketing interactions. They can provide feedback and earn SHMU tokens by recommending which new online platforms to target while helping to fine-tune the platform’s capabilities via the open-source base code.
In addition, the SHMU token will offer staking and passive yield opportunities for coin holders, significantly adding more excellent utility and value than other meme coins. This clever canine is on the march and a brilliant investment opportunity for those looking to diversify their crypto portfolio.
The Shiba Memu ICO: A great entry point for people looking to invest in crypto
Shiba Memu is a meme coin with a difference that taps right back to the coin’s ICO, launched in July. Initially designed to last 60 days, the SHMU token ICO was uniquely structured to deliver daily fixed price rises of $0.000225. After launching at $0.011125 it meant day-one investors could look forward to an initial 119.33% ROI by day 60.
The first 60 days generated such tremendous momentum that the ICO was extended by popular demand by a further 60 days. Not only does this allow Shiba Memu to maximize investor interest, increase its liquidity pools, and allow new investors the chance to make instant returns on their investment, but it also allows bullish earliest-stage investors to potentially double their ICO profits.
With the ICO now due to end on 31st October, time is running out for users to get involved with what many see as the best ICO event of 2023. With a token listing to come on the Bitmart exchange, now is the time for people wanting to invest in crypto to diversify their crypto portfolio with the SHMU token.
Is Shiba Memu’s ICO a good crypto investment?
With the Sam Bankman-Fried trial overshadowing much of the good news stories currently doing the rounds in the crypto sector, including the success of the Shiba Memu ICO, there’s a risk that people wanting to invest in crypto could miss out on one of the best investment opportunities of 2023.
With Shiba Memu looking likely to deliver quick, sizable gains to ICO purchasers while aiming to redefine the landscape for meme coins past, present, and future, the SHMU token could take flight ahead of the next bull run and drive home even more seismic returns. With time running out to take advantage of the Shiba Memu ICO, don’t miss out. Get involved today and take advantage of the enormous incentives on offer!
You can participate in the SHMU presale now.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
