• Bitcoin (BTC) and Ether (ETH) broke higher today, trading above $26,650 and $1,620.
• Maker (MKR) hit a yearly high near $1,470 amid fresh buy pressure.
• Meanwhile, Shiba Memu has raised over $3.3 million in its presale as SHMU price jumps to $0.030025. 

Cryptocurrency’s total market cap was up 1.3% on Wednesday morning, with the top coins Bitcoin (BTC) and Ether (ETH) breaking above $26,650 and $1,620 respectively.

The uptick in crypto prices came as the industry looked past SEC’s latest delay of a spot Bitcoin ETF and Chase Bank’s ban on crypto payments for its UK customers. Digital asset prices were also ticking higher as US futures rose after Tuesday’s brutal sell-off that saw the Dow Jones Industrial Average book its biggest single-day loss since March.

Here is the price prediction for Bitcoin (BTC) and Maker (MKR), and an overview of the new crypto project Shiba Memu (SHMU).

What is Shiba Memu?

Shiba Memu is a new cryptocurrency project that combines artificial intelligence (AI) and meme coins. It aims to leverage AI to create a marketing powerhouse that rewards holders of its native token SHMU for their input and feedback. Unlike most meme tokens, Shiba Memu’s traction in the community is driven by AI instead of human effort.

Learn more here.

Bitcoin price prediction

Bitcoin has experienced minimal movement in the past week, with a 1.6% decline as investor uncertainty prevails due to the Fed’s “higher for longer” interest rates outlook. Analysts predict a potential setback for Bitcoin in the short term, but expect prices to climb steadily in a new bull cycle. The upcoming $3 billion options expiry on September 29 could provide fresh downward pressure, but a flip in market sentiment could lead to a retest of support levels at around $25,000. Bears have a target of $20,000.

Maker price prediction

Maker has outperformed most top altcoins in the past week, with a nearly 10% increase in the past 24 hours. The cryptocurrency is currently trading above $1,450, reaching its highest price level in a year after breaking through the key resistance line at $1,250. Indicators suggest a bullish trend for Maker, with a potential upside to surpass $1,600. However, a sudden downturn could lead to a retreat to support levels at around $1,350.

Shiba Memu price prediction: Will SHMU reach $1 in 2024?

Shiba Memu is currently in the presale stage and does not trade in the secondary market. However, with increasing interest in this meme coin and optimism in the AI space, it is possible for the price of SHMU to skyrocket when trading goes live on major exchanges. Investors in the presale have already seen significant gains, with the SHMU token price jumping to $0.030025 and the project raising over $3.3 million. The roadmap for Shiba Memu indicates potential growth in the future, with a launch of its AI dashboard expected in Q1 2024 and expansion to global exchanges in Q3 2024.

A final presale price of $0.0379 suggests there is upside momentum and the possibility of reaching $0.05 and $0.1 levels in the short term. The long-term targets for SHMU include 50 cents and $1.

What factors could impact Shiba Memu’s price?

Shiba Memu’s roadmap indicates that the launch of its AI dashboard in Q1 2024 and strategic partnerships in the second quarter could contribute to an increase in demand for SHMU. The projected growth of the AI industry and the success of previous meme coins in the market also suggest the potential for SHMU to reach its price targets.