Shiba Inu and Bone Shibaswap Outperform BTC and ETH
Meme coins continue to perform relatively well, with some surpassing popular cryptocurrencies such as Bitcoin and Ethereum. The price of Shiba Inu has risen over 68% from its lowest point in July, while Bone Shibaswap has seen a surge of over 115% in the same period. Meanwhile, large-cap coins like BTC and ETH have remained in a tight range and trended downwards.
The Launch of Shibarium is Imminent
The prices of Shiba Inu and Bone Shibaswap have been performing strongly in recent weeks as investors await the upcoming launch of Shibarium. Shibarium is a significant technology that aims to change the functioning of the Shibaswap ecosystem.
Shibaswap is initially a platform within the Shiba Inu ecosystem that allows people to exchange tokens and earn money through staking. It is currently powered by Ethereum, the largest chain in the world.
However, Ethereum has its own challenges, which explains why many Layer-1 and Layer-2 alternatives have emerged. Top L2 networks seeking to enhance their ecosystem include Polygon, Optimism, and Arbitrum.
Shibarium will be a Layer-2 network that aims to improve the Shibaswap ecosystem by reducing transaction fees and increasing its speed. Its testnet has attracted thousands of users, and there is hope that the mainnet will perform even better.
The success of Shibarium will serve as proof that a meme coin can create and thrive within an ecosystem.
The Shiba Memu Token Sale is Booming
Bone Shibaswap and Shiba Inu are not the only meme coins flourishing. Shiba Memu, a new meme coin, is gaining traction as its token sale has raised nearly $2 million from investors, making it one of the most successful token sales in the industry.
Shiba Memu aims to capitalize on some of the major trends in the market this year by combining the ongoing meme coin frenzy with artificial intelligence.
The AI aspect encompasses concepts such as Natural Language Processing (NLP), sentiment analysis, as well as image and video recognition. In its whitepaper, Shiba Memu states the following regarding the use of NLP:
“AI-powered NLP algorithms can be used to analyze social media posts, forums, and other online communities to identify discussions and topics that are relevant to Shiba Memu. This information can then be used to develop targeted marketing campaigns and appeal to potential investors. Sentiment analysis.”
Is Shiba Memu a Good Investment?
It’s still too early to determine whether Shiba Memu will be a good long-term investment. Therefore, it is advisable to conduct your own research on the ecosystem before investing. In my opinion, I believe that the token has the potential to become the next big thing in the crypto industry.
For one, its name bears a strong resemblance to Shiba Inu, the largest meme coin in the world. Additionally, it has already gained traction before its public debut, as evidenced by the amount of funds it has raised in just one month. Most importantly, it is targeting the major trends of this year. You can purchase the Shiba Memu token here.
