Is it time to place your bets on Shiba Memu for the upcoming crypto bull run?

Alisha Dar
12 Dec 2023
Crypto outperforms traditional assets with Bitcoin surging by 120%, driven by TradFi trend, possibility of Fed not hiking rates, and falling supply.

This year, cryptocurrencies have outperformed other assets, with Bitcoin's price surging by over 120%, while the Nasdaq 100 index and gold have risen by 48% and 10%, respectively. Smaller coins like THORChain (RUNE), Injective (INJ), and Solana have also seen significant gains.

The crypto bull run is being driven by three main factors. Firstly, the trend known as TradFi, where traditional finance companies move into the crypto industry, has boosted Bitcoin's price. Big players like Blackrock, Invesco, Ark Finance, and Fidelity have all filed for a Bitcoin ETF with the SEC, while other companies like the LSE, ANZ Bank, and JP Morgan have embraced tokenization.

Secondly, the possibility of the Federal Reserve not hiking interest rates has also contributed to the crypto bull run. Recent economic data shows a drop in inflation and a softening labor market, leading analysts to predict that the bank will start cutting rates in 2024.

Finally, falling Bitcoin supply and increasing demand are likely to push prices higher, leading to more demand for altcoins like Ethereum and Solana.

Shiba Memu, a crypto meme coin with AI features, is also doing well, with developers raising over $4.5 million from global investors. The platform aims to change the meme coin industry by using AI features like NLP, sentimental analysis, and predictive analysis to boost marketing. If the crypto bull run continues, SHMU token is likely to perform well, as historically, meme coins tend to do well during strong crypto rallies.

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