Key takeaways
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PayPal launched its stablecoin pegged to the US Dollar earlier this week.
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Shiba Memu’s presale has now raised more than $1.7 million.
PayPal, one of the leading payment service providers in the world, announced earlier this week that it had launched its stablecoin.
With PayPal entering the stablecoin market, it could attract more institutional investors to enter the crypto market.
Shiba Memu’s presale continues to move as expected, with the team raising more than $1.7 million so far.
PayPal enters the stablecoin market
Payments giant PayPal announced earlier this week that it had launched its stablecoin called PYUSD. The stablecoin is pegged to the US Dollar, and PayPal users can use the stablecoin to make purchases online and convert to and from other cryptocurrencies.
With PayPal’s entry into the stablecoin, more than 400 million users could soon have access to PYUSD and, by extension, cryptocurrencies. The move could spark a major adoption of cryptocurrencies over the coming months and years.
What is Shiba Memu?
Increased adoption of cryptocurrencies could benefit projects such as Shiba Memu, which has shown to be a promising Web3 project.
Shiba Memu is still in its presale stage, but the team has already garnered interest among investors.
As a project, Shiba Memu seeks to combine the powers of AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse.
According to their whitepaper, Shiba Memu is designed to handle the work of numerous marketing agencies. As an AI-based platform, Shiba Memu will operate 24/7, eliminating the restrictions imposed by traditional marketing agencies.
Shiba Memu’s platform will always be active, creating advertisements superior to what traditional marketing platforms can generate.
Shiba Memu is launching as a meme coin thanks to the recent popularity of meme coins. The meme coin industry grew into a multi-billion dollar industry within a few years. The market cap of meme coins grew from practically $0 in 2020 to reach the $20 billion mark in 2022.
Shiba Memu differs from the other thousands of meme tokens in the market because it offers real-world utility.
It has self-sufficient marketing capabilities powered by AI technology. This feature makes it a project investors could be interested in. As a marketing platform, Shiba Memu will develop its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks.
At the moment, Shiba Memu operates on the Ethereum and BNBChain blockchains.
Shiba Memu’s presale tops $1.7M
Shiba Memu’s presale continues to generate waves, with the team raising more than $1.7 million so far.
The surge in investment can be attributed to more investors entering the project and the team’s recent announcement that SHMU, the native token of Shiba Memu, will be listed on BitMart.
BitMart is one of the leading decentralised exchanges in the world and listing SHMU on the platform could make the token available to thousands of investors.
The funds generated from the presale will be challenged towards the development of Shiba Memu products.
Click here to find out more about Shiba Memu’s presale event.
When is the best time to buy Shiba Memu?
Investing in a project depends on the decision of the investor. However, the best time to invest in a project is in its presale.
Tokens are usually sold at a discount during the presale stage, and their prices tend to surge higher once they get listed on cryptocurrency exchanges.
With the cryptocurrency market also performing well since the start of the year, this might be a good time to invest in Shiba Memu.
The post PayPal launches its stablecoin: What it means for Shiba Memu presale appeared first on CoinJournal.
