The price outlook for Dogecoin (DOGE) and Shiba Memu (SHMU) has come under scrutiny as Dogecoin struggles to maintain its price above a crucial support level and daily transactions decrease. Meanwhile, Shiba Memu’s presale has reached over $3.8 million, with the price currently at $0.0334. Here, we delve into the potential future prices of both tokens amidst a broader lull in the crypto market.

Shiba Memu- A Revolution in Meme Coins

Shiba Memu is a newly launched meme cryptocurrency that combines the power of artificial intelligence (AI) and blockchain to introduce a unique approach to crypto memes. The native token, SHMU, is built on the Ethereum blockchain and has a total supply of 1 billion tokens. The project stands out from other meme coin projects by leveraging AI technology to create an influential marketing system that doesn’t rely on celebrity endorsements. SHMU holders will enjoy additional benefits such as token staking and liquidity provision to the Shiba Memu pool through the AI dashboard.

Dogecoin Price: Outlook and Decreasing Daily Transactions

Dogecoin remains the top meme cryptocurrency with a market cap of nearly $8.2 billion and has gained support from influential figures like Elon Musk. However, the cryptocurrency has struggled to surpass the $1 mark, with its all-time high of $0.73 reached in May 2021. Currently, Dogecoin’s price is below $0.58, indicating a decline of 5.6% in the past 30 days. Similar to Bitcoin, Dogecoin has experienced a slowdown, with a significant decrease in daily transactions over the past few weeks. The decreasing network activity raises questions about the future performance and price of Dogecoin.

Shiba Memu Price: Can SHMU Reach $1 in 2024?

Shiba Memu has attracted over $3.8 million from investors worldwide during its presale. The presale price has been increasing daily at 6 pm GMT, driving increased participation from early investors. Once the tokens are listed on crypto exchanges, the demand is expected to rise, potentially leading to price increases. If Shiba Memu experiences a 2x price surge after its launch, it could reach above $0.1. Looking ahead to 2024 and considering the positive outlook for crypto and AI, SHMU could trade higher and aim for the $1 level. However, the achievement of this target depends on market conditions and other project-specific factors.

Summary

The price outlook for Dogecoin and Shiba Memu is examined as Dogecoin struggles to maintain its price and daily transactions decline. Shiba Memu stands out as a meme coin that leverages AI technology, while Dogecoin’s future performance remains uncertain. Shiba Memu’s presale has garnered significant investment, and its price is expected to rise after listing on crypto exchanges. Whether SHMU can reach $1 by 2024 depends on various market factors.

FAQ

What is Shiba Memu?

Shiba Memu is a meme cryptocurrency that combines artificial intelligence and blockchain technology to create a unique approach to crypto memes. It aims to create a self-sufficient crypto ecosystem that does not rely on celebrity endorsements for its success.

What is the current price of Shiba Memu?

The current price of Shiba Memu (SHMU) is $0.0334 during its presale phase. The price is subject to change as the presale progresses.

Why has Dogecoin’s price struggled?

Dogecoin has struggled to break the $1 mark despite its popularity. Its all-time high of $0.73 was reached in May 2021. The current price of Dogecoin is below $0.58, indicating a decrease of 5.6% in the past 30 days. Additionally, the daily transactions for Dogecoin have seen a significant decline, which may impact its price.

Can Shiba Memu reach $1 in 2024?

While there is potential for Shiba Memu to reach $1 in 2024, it depends on various market factors and project-specific circumstances. The presale success and the positive outlook for crypto and AI contribute to the possibility of SHMU trading higher and aiming for the $1 level.