The crypto world’s resurgence in 2023 was buoyed by the U.S. Securities and Exchange Commission’s (SEC) ruling in favor of Ripple Labs. The Ripple news triggered a resurgence for XRP and many other altcoins, with meme coins returning as the market shakes off the harsh crypto winter of 2022.
One of the meme coins taking advantage of the bullish news is Shiba Memu (SHMU) — the newest dog-themed meme coin staking its claim in the yard. Shiba Memu combines the universal appeal of meme culture with advanced artificial intelligence technology. The project, which has already raised $3.1m within 12 weeks of its SHMU token presale, is drawing significant attention among investors ahead of its launch.
But between XRP and SHMU, which crypto is a better buy in 2023? Read on to find out.
What is Shiba Memu?
Traditionally, meme coins rely on large-scale coordinated human efforts to generate organic buying pressure, as evidenced by the rise of meme cryptos like Shiba Inu and Pepe Coin. However, many meme coins lose momentum once the hype is gone and investors have moved on to the next fad.
Shiba Memu changes that narrative. Through artificial intelligence (AI) tools, Shiba Memu gathers market sentiment from various online and social media platforms and automatically tweaks its marketing strategies based on these insights. Then, through natural language processing (NLP), it produces and disseminates content to perpetuate its narrative accordingly, creating articles, press releases, and social media and forum posts to sustain its momentum.
Shiba Memu has thus far raised $3.1m in just 12 weeks into its SHMU token presale. Its creative blend of internet meme culture, community-first ethos, and AI distinguishes it from the rest of the competition, setting it towards a parabolic growth trajectory in the coming years.
How does SHMU work?
Shiba Memu grants holders access to the protocol’s dashboard containing key performance indicators, marketing and PR strategies, and project communications that its AI stack constantly monitors.
Through a user interface, Shiba Memu’s algorithms autonomously derive insights from images and investor sentiments on online platforms. Consequently, it creates and distributes content promoting SHMU across said media.
Better still, Shiba Memu uses algorithms that improve and become more efficient over time, constantly fine-tuning its messaging and content distribution strategies across media as it engages with its investor base and crypto communities. Shiba Memu occupies a niche as the first viable use of AI in the meme coin sector.
Shiba Memu price prediction: Can Shiba Memu hit $1 by 2025?
As evidenced by meme coin leaders like Dogecoin, Shiba Inu, and, more recently, PEPE Coin, nothing is impossible. The lack of utility hasn’t stopped people from FOMO-ing into the next fad.
However, Shiba Memu is a meme coin like no other — it’s the only meme coin sitting at the intersection of AI and Web3. As we enter week 12 of its presale, SHMU has gained 169.89%, and demand has only risen thanks to its FOMO-inducing daily price increases. Day 1 SHMU investors are already in line for as much as 240% gains, while those participating during the extension can quickly profit by as much as 120%.
One can only imagine how high Shiba Memu can go once the bull market returns in 2025. By then, SHMU will have fully launched and listed on major crypto exchanges. Couple that with the projected 17.3% annual growth rate of the AI market from 2023 to 2030, and $1 appears to be within striking distance for SHMU by 2025.
What is XRP?
XRP is a cryptocurrency issued by Ripple Labs. The cryptocurrency was developed to enable fast, efficient cross-border payments and facilitate fiat currency swaps. XRP holders also use the token as a store of value.
Ripple Labs designed XRP to offer greater scalability, near-instantaneous settlement speeds, and substantially low transaction fees to enable micropayments. Since its 2014 launch, Ripple has partnered with over 300 financial institutions to use XRP as a payment method, establishing it as one of the leading cryptocurrencies.
XRP price prediction: Can XRP hit $1 in 2025?
XRP prices have long been suppressed due to the ongoing litigation with the SEC. This has held back an accurate XRP price prediction for several years. However, the recent XRP price prediction has significantly improved after Ripple Labs won a favorable ruling. Last July, a New York court declared that Ripple Labs had not violated federal securities law in selling XRP to retail investors, leading to a short-lived rally in XRP prices.
Nevertheless, with XRP winning a pivotal battle in its legal tussle with the SEC, crypto observers predict that $1 is within the realm of possibility by 2025. Further adoption by financial institutions might see XRP hit heights of $2 to $3 if bullish market conditions return. But based on the latest Ripple news, the battle is far from over, with the SEC appealing the court’s decision. This may limit the XRP price once more.
Shiba Memu vs. XRP: Which crypto is the better buy?
Regardless of whether Ripple conclusively wins its legal battle with the SEC, the XRP price prediction is severely restricted by its $26 billion market capitalization. It will take tens of billions in fresh capital for XRP to sniff anywhere close to its 2018 highs.
On the other hand, Shiba Memu has an infinitely higher price ceiling than XRP, considering it is only in its presale phase, with legitimate 100x potential. As with Dogecoin and PEPE before it, Shiba Memu offers more potential to grow exponentially — making its current $0.030025 price a more tempting entry point for investors.
Find out how to buy SHMU here.