The presale of Shiba Memu, a cryptocurrency token combining AI and blockchain technology, is nearing the $800k mark as more investors enter the market. This comes as XRP, the native coin of the Ripple ecosystem, rallies by over 70% following a positive ruling in the ongoing legal case against the US Securities and Exchange Commission (SEC).
XRP experienced a significant surge in value after a US District Court ruled in favor of Ripple in its legal battle against the SEC. Shiba Memu’s presale has also seen impressive growth, reaching almost $800k as investor interest continues to rise. Shiba Memu aims to revolutionize marketing through the use of AI and blockchain technology. As the cryptocurrency market remains bullish, both XRP and Shiba Memu present potential investment opportunities.
XRP and XLM Soar on Positive Ruling
Following a favorable court ruling in the ongoing Ripple vs. SEC lawsuit, XRP saw a remarkable surge of over 70%. The US District Court of the Southern District of New York asserted that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. However, the judge also ruled that the institutional sale of the tokens violated federal securities laws. The cryptocurrency community reacted positively to this partial victory, and XRP’s value reached a one-year high of $0.84.
Furthermore, XLM, the native coin of the Stellar Lumen ecosystem, experienced a similar surge of over 50% following the news of the Ripple ruling. Other cryptocurrencies such as BTC, ETH, Solana, and Polygon also demonstrated strong gains within the past 24 hours.
Introducing Shiba Memu
Shiba Memu is an emerging cryptocurrency token that harnesses the power of AI and blockchain technology to create a self-sustaining marketing solution. Unlike other meme coins, Shiba Memu offers utility and aims to solve real-world issues for its users. The project operates on the Ethereum and BNB Chain blockchains, providing marketing strategies and PR developed through AI technology.
Shiba Memu’s Impressive Presale
Shiba Memu’s presale has experienced tremendous growth, with total investment nearly tripling over the past week. Initially standing at $215,000, it has now reached $798,247 due to increased investor interest. The funds generated from the presale will be allocated towards the development of Shiba Memu’s AI technology.
Should You Consider Investing in Shiba Memu?
The cryptocurrency market has demonstrated excellent performance this year, with most coins and tokens experiencing nearly 50% growth. While the market has not fully recovered from the 2021 all-time high, market analysts anticipate a future rally for Bitcoin and other cryptocurrencies. As for Shiba Memu, its potential success will depend on adoption and listing on cryptocurrency exchanges. Combining AI and blockchain technology, Shiba Memu aims to revolutionize marketing strategies, making it an attractive investment option.
What is the current value of XRP?
The price of XRP currently stands at $0.7857.
What is Shiba Memu?
Shiba Memu is a cryptocurrency token that combines AI and blockchain technology to revolutionize marketing strategies.
How much has Shiba Memu’s presale raised?
Shiba Memu’s presale has raised approximately $798,247, with investments nearly tripling over the past week.
Does Shiba Memu offer utility?
Yes, Shiba Memu differentiates itself from other meme coins by providing utility and addressing real-world problems for users.
What will the funds from Shiba Memu’s presale be used for?
The funds generated from the presale will primarily be used to develop Shiba Memu’s AI technology.