{"id":23964,"date":"2023-10-12T18:05:46","date_gmt":"2023-10-12T18:05:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dogecoin-and-shiba-memu-shmu-whats-the-price-outlook\/"},"modified":"2023-10-12T18:05:46","modified_gmt":"2023-10-12T18:05:46","slug":"dogecoin-and-shiba-memu-shmu-whats-the-price-outlook","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dogecoin-and-shiba-memu-shmu-whats-the-price-outlook\/","title":{"rendered":"Dogecoin and Shiba Memu (SHMU)\u2013 what\u2019s the price outlook?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697132986230-5608460e-6572-433d-b0cd-9c4c91b3797a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697132986230-5608460e-6572-433d-b0cd-9c4c91b3797a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697132986230-5608460e-6572-433d-b0cd-9c4c91b3797a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697132986230-5608460e-6572-433d-b0cd-9c4c91b3797a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Shiba Memu is a new meme coin that\u2019s leveraging the AI revolution.<\/li>\n<li dir=\"ltr\">The project is in presale and has raised more than $3.8 million.<\/li>\n<li dir=\"ltr\">Dogecoin (DOGE) tops meme coins buts its price has struggled as daily transactions sink.<\/li>\n<\/ul>\n<p dir=\"ltr\">Dogecoin is struggling to keep prices above a key support level even as the leading meme cryptocurrency records a sharp drop in daily transactions. Meanwhile, the <a href=\"https:\/\/shibamemu.com\/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=current_news\" rel=\"noopener noreferrer\" target=\"_blank\">Shiba Memu (SHMU)<\/a> presale has hit $3.8 million as price increases to $0.0334.<\/p>\n<p dir=\"ltr\">Here we examine the price outlook for the two tokens amid a broader lull in a crypto market that\u2019s mirroring market reaction to the latest US inflation report. Stocks traded mixed after the Consumer Price Index (CPI) showed prices rose 0.4% versus 0.3% expected in September, with a 3.7% increase over the past year to match that of August.<\/p>\n<h2 dir=\"ltr\">Shiba Memu \u2013 an AI revolution for meme coins<\/h2>\n<p dir=\"ltr\">Shiba Memu is a new cryptocurrency that combines the increasingly powerful artificial intelligence (AI) narrative and blockchain to bring a unique approach to crypto memes. The native token SHMU, launched on the Ethereum blockchain, will have a supply of 1 billion tokens, 85% of which is available to the community via a presale.<\/p>\n<p dir=\"ltr\">With AI at the heart of this new meme coin, the idea of a self-sufficient crypto ecosystem is envisioned. The Shiba Memu <a href=\"https:\/\/shibamemu.com\/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=current_news\" rel=\"noopener noreferrer\" target=\"_blank\">whitepaper<\/a> outlines a project that\u2019s unlike other meme coin projects \u2013 one that\u2019s leveraging AI technology to create a powerful marketing system that doesn\u2019t rely on celebrity or influencer hype to gain traction.<\/p>\n<p dir=\"ltr\">The AI dashboard will take care of this, with SHMU holders benefiting from additional utility as token staking and provision of liquidity to the Shiba Memu pool.<\/p>\n<h2 dir=\"ltr\">Dogecoin price: DOGE outlook as daily transactions sink<\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/dogecoin\/\">Dogecoin<\/a> leads meme cryptocurrencies with a market cap of nearly $8.2 billion. DOGE\u2019s status as the sector\u2019s OG has seen it attract support from among others, Tesla CEO and X (formerly Twitter) owner Elon Musk.<\/p>\n<p dir=\"ltr\">However, the cryptocurrency has struggled to break to the coveted $1 level \u2013 its all-time high of $0.73 was reached in May 2021. Currently, Dogecoin price has settled below $0.58 with the 5.6% dip in the past 30 days indicative of this fact. It an outlook that echoes Bitcoin\u2019s recent lull since the breakdown from $30k.<\/p>\n<p dir=\"ltr\">One indicator of <a href=\"https:\/\/coinjournal.net\/news\/shiba-inu-struggles-amidst-whale-exodus-as-memeinator-presale-takes-off\/\">the performance over the past few weeks<\/a> is the 7-day average of Dogecoin\u2019s daily transactions. According to on-chain data, the network has been recording an average of 37.3k daily transactions \u2014 which IntoTheBlock <a href=\"https:\/\/twitter.com\/intotheblock\/status\/1712092825431490939\" rel=\"noopener noreferrer\" target=\"_blank\"><u>says<\/u><\/a> shows a sharp decline from highs of 2.1 million in June and \u201ca secondary spike of 616k in July.\u201d<\/p>\n<p dir=\"ltr\">Is Dogecoin going to see a surge network activity as was seen in the previous quarter? And can this be reflected in DOGE price?\u00a0<\/p>\n<p dir=\"ltr\">The current outlook suggests this scenario is possible, with investors likely to watch out for an upcoming event around the dog meme that inspired Dogecoin\u2019s creation. That event is scheduled for November 2. If price picks up in a bull market amid other positive triggers, the key short term target remains $1.<\/p>\n<h2 dir=\"ltr\">Shiba Memu price: can SHMU reach $1 in 2024?<\/h2>\n<p dir=\"ltr\">As noted, Shiba Memu has attracted over $3.8 million from global investors since its presale went live. The presale price has increased daily at 6 pm GMT, a novel approach that has seen the participation spike as early birds scoop SHMU at what\u2019s likely to be bargain buys.<\/p>\n<p dir=\"ltr\">Price is set to jump from today\u2019s $0.0334 to the final presale price of $0.0379. When the tokens launch on crypto exchanges, increased demand could unlock upside moves similar to what has greeted other meme coins in the market.<\/p>\n<p dir=\"ltr\">If Shiba Memu does a 2x after its launch, that could push its price to above $0.1. Then, with projections for crypto and AI huge going into 2024, SHMU could trade higher and target the $1 level. However, this could depend on prevailing market conditions and other factors specific to the project.<\/p>\n<p dir=\"ltr\">To buy Shiba Memu or learn more, visit the project\u2019s <a href=\"https:\/\/shibamemu.com\/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=current_news\" rel=\"noopener noreferrer\" target=\"_blank\">presale page<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/dogecoin-and-shiba-memu-outlook-as-key-doge-metric-stalls\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Shiba Memu is a new meme coin that\u2019s leveraging the AI revolution. The project is in presale and has raised more than $3.8 million. Dogecoin (DOGE) tops meme coins buts its price has struggled as daily transactions sink. Dogecoin is struggling to keep [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23964"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23964"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23965"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}