New Crypto Presale Offers 100x Potential: Buy Now!

• Cryptocurrencies have been facing a slump due to increasing risk-off sentiment, with the US dollar gaining strength.
• However, Shiba Memu (SHMU) has seen high demand in its presale, raising over $2.2 million.
• The project utilises AI capabilities such as machine learning and predictive analytics to self-market itself and engage with users through an AI-led application.

Cryptocurrency Market Slump

The past week has been a difficult one for cryptocurrencies, with Bitcoin losing more than 10% of its value and Ethereum returning below $1,700. This is thanks to an increasing risk-off mood which has caused the US dollar to gain strength.

Shiba Memu Presale

Despite this market downturn, Shiba Memu (SHMU), an upcoming meme cryptocurrency, has seen high demand in its presale. It has raised over $2.2 million illustrating investors‘ interest in high-potential crypto projects despite the market slump.

Risk Off Sentiment

The dropping Bitcoin volume on exchanges and reports that Elon Musk’s SpaceX had sold its Bitcoin holdings are contributing factors to the current risk-off sentiment in the sector. Meanwhile, analysts expect that at this week’s annual Jackson Hole meeting of Federal Reserve officials will support a hawkish monetary policy which could lead to higher rates and elevated inflation rates – further spooking crypto markets ahead of the meeting.

Shiba Memu Defies Risk Off Mood

Shiba Memu aims to be self-sustainable in the meme space by utilizing AI capabilities such as machine learning and predictive analytics for self-marketing and user engagement via an AI-led application robotistic dashboard which allows users ask questions or provide feedback about their experience with SHMU tokens .

Conclusion

Despite general concerns around cryptocurrencies due to market risks associated with macroeconomic developments Shiba Memu’s presales success highlights investor confidence in high potential projects within the sector even under bearish conditions