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Shiba Memu taps into the meme vibe with cutting-edge AI technology. The project’s presale has surpassed $3.68 million in presale, with significant predictions. Shiba Memu could surpass $0.1 in 2023 on account of its early success in presale . Shiba Memu (SHMU), an AI-powered meme token, might be just a few weeks into the  presale . However, there are huge predictions for the token on account of its highly successful presale . Investors have bought over $3.68 million worth of SHMU, suggesting a high demand and potential. But could SHMU be a replica of meme predecessors that have hit over 50x in the past? The big Shiba Memu promise In an ever-changing world of digital assets, aligning with the future is crucial to successful projects. For the  meme cryptocurrencies , a perceived lack of value diminishes their future viability and adoption. That has questioned the sustainability of meme tokens and investment value. Shiba Memu carves a pa...

This week’s episode of Market Talks discusses how Bitcoin cycles are changing and how it could impact the upcoming halving. In the latest episode of Cointelegraph’s Market Talks , host Ray Salmond speaks with Jamie Coutts, a chartered market technician and crypto market analyst at Bloomberg Intelligence.  When asked whether Bitcoin’s (BTC) pre- and post-halving price action could differ from previous cycles due to a change in global monetary policy, Coutts said:  “I’ve been writing about this for most of the year. We do have some strong fundamentals in the space, but ultimately, what drives risk assets is liquidity. The longer that we have this tightening cycle, and if we start to see an uptick in unemployment and more stress in the banking sector, then there could be a bit more pain for risk assets like Bitcoin.”  Related: The future of BTC mining and the Bitcoin halving Despite the dim macroeconomic outlook, Coutts did suggest:  “We could be near the end. There is still a lot of u...

This week’s episode of Market Talks discusses why 2024 could be bullish for the crypto industry and if crypto has weathered the storm. This week’s episode of Cointelegraph’s Market Talks welcomes Huf, the founder of Pear Protocol, a new decentralized exchange launching on Arbitrum in 2023. Huf worked as an equity derivatives trader for various investment banks for over a decade before entering the decentralized finance industry in 2019. He is often quoted in various news outlets for his views on the markets, which he shares in real time via his X (formerly Twitter) profile. The show kicks off with Huf’s views on the current crypto market. Is it in need of a new stimulus and new money? Is it a closed system with the same money rotating from one protocol to the next or one blockchain to another? Is that the reason for such record-low volatility?  Do narratives drive the current crypto market? If so, how can a trader or investor make the right decisions based on those narratives? Huf ...

Bitcoin mining stocks have been on a triple-digit-tear in 2023, but an uptick in BTC sent to exchanges hints at waning momentum. Bitcoin mining companies outperformed BTC price by a huge margin amid the recent bullish price action in the top cryptocurrency. The average year-to-date gains in 2023 across the stock s of top nine public Bitcoin mining firms by market capitalization stood at 257.14%. The figure is almost three times higher than BTC’s gain in the same period. The higher gains represent the leveraged beta effect that mining stocks enjoy. Leveraged beta suggests that during Bitcoin upside, these stocks outperform. Whereas, when Bitcoin slumps, they face deeper downside risk. Due to a high levered beta, Bitcoin’s price performance will remain a crucial factor in deter mining the direction of mining stock s. The trends within the mining sector show that miners are positioning themselves for the long-term by buying more machines. However, they have yet to exhibit accumulation...

U.S. stock markets hit year-to-date highs, the Fed pauses rate hikes, Binance.US and the SEC reach an agreement, but data shows Bitcoin bulls remain somewhat skittish. After a momentary retest of the $25,000 support on June 15, Bitcoin (BTC) gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish as the cryptocurrency has declined by 12.7% in two months. The dismissal of Binance.US's temporary restraining order by United States district court Judge Amy Berman Jackson is somewhat related to investors’ sentiment improving. On June 16, the exchange reportedly reached an agreement with the U.S. Securities and Exchange Commission (SEC), avoiding the freeze of its assets. On a longer timeframe, the global regulatory environment has been extremely harmful to cryptocurrency prices. Besides the SEC trying to unilaterally label exactly which altcoins it views as securities and litigating with the two leading global exchanges...

Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization. Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others. What were the most-searched cryptocurrencies in 2022? Notably, the market valuation of all the cryptocurrencies combined has dropped 70% year-to-date (YTD) to nearly $770 billion, signifying massive capitulations by traders and investors alike. The waning demand has also pushed the internet requests fo6r the keyword "buy cryptocurrency" to their lowest since February 2020, according to Google Trends. Interest in the  the keyword "buy cryptocurrency" over the past five years. Source: Google Trends Nonetheless, the latest Accenture's 2022 Global Consumer Payments report shows that retail interest in cryptocurrencies remains high ...