- Bitcoin (BTC) and Ether (ETH) rose today and traded above $26,650 and $1,620.
- Maker (MKR) hit a yearly high of nearly $1,470 amid fresh buying pressure.
- Meanwhile, Shiba Memu has raised over $3.3 million in presales as the SHMU price rises to $0.030025.
The cryptocurrency’s total market cap rose 1.3% on Wednesday morning, with top coins Bitcoin (BTC) and Ether (ETH) breaking $26,650 and $1,620, respectively.
The rise in crypto prices came as the industry turned a blind eye to the SEC’s recent delay in launching a spot Bitcoin ETF and Chase Bank’s ban on crypto payments to its UK customers. Digital asset prices also rose as U.S. futures rose after Tuesday’s brutal selloff that saw the Dow Jones Industrial Average post its biggest one-day loss since March.
Here you will find the price prediction for Bitcoin (BTC) and Maker (MKR) as well as an overview of the new crypto project Shiba Memu (SHMU).
What is Shiba Memu?
Shiba Memu is the new kid on the block in the meme coin space. It is a new project that sits at the intersection of crypto and artificial intelligence (AI), offering a novel approach to market capture that is so crucial to the adoption of meme coins.
Unlike most meme tokens that gain traction in the community thanks to human efforts, Shiba Memu seeks to harness the power of AI to create a marketing powerhouse. The AI will do all the heavy lifting necessary to maintain interest in the coin and reward holders of the native token SHMU for their input and feedback.
Find out more here.
Bitcoin price prediction
Bitcoin has been little moved over the past week, down 1.6% at press time, as investor jitters suppressed buyers amid uncertainty gripping the market following the Fed’s latest interest rate outlook “higher in the longer term.”
With regulation still a big topic of conversation, analysts have predicted a possible setback for bulls before prices steadily rise with a new bull cycle. In the short term, the upcoming $3 billion options expiration on September 29 could add new downward pressure. At $26,770 at the time of writing, BTC suggests that new attempts to reach the key $28,300 area are possible. However, a shift in sentiment in the risk asset market could mean a retest of support around $25,000. The $20,000 area is a target for the bears.
Maker price prediction
Maker has outperformed most of the top altcoins over the past week, with MKR up nearly 10% in the last 24 hours. The cryptocurrency is trading above $1,450, its highest price level in a year, which came after a breakout above the key horizontal resistance line at $1,250.
Bullish indicators scattered all over the MKR charts suggest that a rise above $1,600 is possible. However, an unexpected turn of events that results in bearish momentum could mean a pullback to the support around $1,350.
Shiba Memu Price Prediction: Will SHMU Hit $1 in 2024?
Shiba Memu is not yet trading on the secondary market as the token is still in presale. However, with interest in this meme coin surging amid broader optimism for the AI space, it is possible that SHMU’s price could skyrocket as trading goes live on major exchanges.
Currently, investors who purchased Shiba Memu at the first stage pre-sale price of $0.011125 have witnessed an increase in value of more than 169%. This is because the SHMU token price rose to $0.030025 as investors poured over $3.3 million into this promising project.
What pricing factors could help Shiba Memu?
Shiba Memu’s roadmap highlights the first quarter of 2024 for the launch of its revolutionary AI dashboard, while strategic partnerships and ecosystem development will continue in the second quarter.
In the third quarter of 2024, Shiba Memu will explode on global exchanges, taking demand for SHMU to a whole new level. If the coin lives up to the hype currently surrounding it and mirrors explosive market entries like those seen with Pepe (PEPE) and other coins, the fourth quarter could be a great time for SHMU holders.
A final presale price of $0.0379 suggests bullish momentum as FOMO buying ahead of the expected crypto bull market could quickly push SHMU to the $0.05 and then $0.1 levels. That could lead to targets at 50 cents and $1 coming into view.
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