Forget Shiba Inu: This AI meme token is poised for substantial rallies

November 17, 2023 09:38 PM PST | By Invezz

Forget Shiba Inu: This AI meme token is poised for substantial rallies — Image source: Invezz

Beyond the hype?

It could be challenging to see what makes Shiba Inu among the top assets in the cryptocurrency industry. The project depends on the Ethereum blockchain’s capabilities to connect with other dapps. That means it relies on Ether for its success.

While the recent launch, the layer 2 Shibarium, aims to decrease fees and improve transaction speed, Shiba Inu lacks utility. Moreover, the scaling solution has lots of implementation and technical risks. Further, users and creators looking to spend money & time might prefer Ethereum to SHIB.

Nevertheless, Shiba Inu ranks #19 with over $5 billion in market capitalization, with its supportive community keeping the project afloat. It gained more than 7% within the previous week.

However, Shiba Inu price moves according to hype cycles, making it unsatisfying for investors with long-term goals. Also, the token could lose its uniqueness as the meme token market gets more competitive. An absence of utility remains the primary challenge for SHIB as an asset.

🔥 Shiba Inu Cons: 🐕‍🦺

Market Saturation: Shiba Inu has been around for a while, leading to a crowded market. This might affect its uniqueness and long-term potential. 📈🔁
Lack of Utility: Shiba Inu lacks a clear use case, which could impact its value beyond being a meme token.
— CryptoByteAI (@Ali_cryptoAI) August 21, 2023

Shiba Memu attracting attention

You may have to look for SHIB alternatives to find & trade meme tokens that do not rely on trends. Shiba Memu (SHMU) is a new dog-inspired crypto that connects artificial intelligence and blockchain, pioneering innovations and utility in the meme coins sector.

Shiba Memu utilizes AI to market itself successfully across different forums. The project continued to attract crypto investors, with its presale growing steadily since its launch. The lucrative branding, massive marketing plan, continued utility expansion, and clear communication make Shiba Memu a top candidate for stable rallies in the next bull run.

SHMU price prediction

Shiba Memu traded at $0.041500 USDT at press time. The price will increase daily at 6 p.m. GMT during the 8-week presale stage.

Meanwhile, analysts predict upticks for SHMU, with various third-party experts forecasting value increases towards the $0.02 – $0.08 range in 2023. While predicting meteoric surges for the altcoin could be premature, its robust community and upcoming exchange listings make Shiba Memu a token to watch.

You can learn more about Shiba Memu via the project’s official website.

The post Forget Shiba Inu: This AI meme token is poised for substantial rallies appeared first on Invezz

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