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Despite the prolonged downtrend in the global crypto market, the Memereum’s token ICO is selling out fast, hitting the 26 million mark in total tokens sold.
Renowned for its comprehensive suite of DeFi products spanning insurance, lending, staking, and debit cards, Memereum has successfully earned the confidence of the investing community since making its ICO debut.
How far can this crypto project go once the ICO is over? Will it be able to leverage its multiple utility ideas to gain more ground in the highly-competitive DeFi landscape? This article will evaluate the project’s fundamentals to provide answers to these questions.
What Is Memereum?
Memereum is a revolutionary project that is tipped to become a leading force in the bustling DeFi market. With a lofty ambition to change the existing narrative in decentralized finance, Memereum presents itself as the pioneering blockchain insurance platform.
At its core, Memereum offers a broad range of industry-leading products like MemeSwap, a decentralized exchange that has gone live on Beta since May 19, 2024. MemeSwap provides insurance coverage for a wide range of assets, including cryptos.
In essence, with MemeSwap, investors can rest assured that their assets are protected against rug pull, theft, market volatility, or any other potential loss of value.
Beyond its insurance offering, Memereum is also offering a lending platform that allows users to borrow 75% of their total assets without selling their holdings. In addition to this, the project has a staking facility with a considerable annual percentage yield. With this, the project is empowering investors to grow their investments.
More so, as part of its plans to bridge the gap between the traditional and digital sectors, Memereum will launch a DeFi debit card which can be used to spend cryptocurrency like cash. The project says the card will deliver a seamless transaction experience to users, making it possible for them to use cryptocurrencies for their daily transactions.
Powering the Memereum ecosystem is $MEME, a crypto coin that’s live on presale. Alongside its staking perks, Memereum is offering valuable NFTs to participants in the token’s ICO. However, to be eligible for the free reward, investors have to buy a predetermined amount of MEME tokens.
Memereum Price Prediction – Best Crypto ICO?
Being an ICO crypto, it is not possible to give a technical analysis of where the $MEME price could be heading. Nonetheless, the project’s unique offering, which is tailored to help investors manage their assets in a secure environment, makes it possible to forecast its short-term performance.
Memereum, according to its whitepaper, adopts a 15-stage ICO structure, with each stage assigned a 72-hour timer. This simply means the presale price of $MEME increases every 72 hours. At the time of writing, Memereum has entered the 8th stage of its presale, selling for $0.043. Since the starting price was $0.01, earliest investors have seen their investments grow by over 400%.
Meanwhile, one of the FAQs on the official website, specifies that the token’s ICO campaign will end on August 31, 2024, with $0.45 as its possible listing price. This simply positions early birds for a potential growth of more than 1400%. However, does this mean $MEME is poised for an explosive run as soon as it opens for DEX trading?
According to Michael Wrubel, a renowned crypto YouTuber with more than 312k subscribers, multiple factors will work together to influence Memereum’s performance on the price charts.
One of those factors is the level of adoption of its innovative products. If these projects turn out to be appealing to the crypto community, it can trigger a bullish reaction for MEME.
The second factor is its planned token burning strategy. The project’s team wants to burn 50 million MEME tokens from the 200 million total supply. This will help to stabilize the price of the token and improve investors’ trust and confidence in the project.
Furthermore, the prospects of being listed on well-known exchanges can result in a substantial price appreciation for MEME once the presale is over. While at its ICO stage, Memereum has already been pre-listed on BitVenus, Toobit, VINDAX, and Azbit, thereby adding a layer of legitimacy and accessibility to the project.
Above all, the broader crypto market is looking to stage a comeback from its downturn and Memereum will surely benefit from it. This simply means its future price movements will be dictated by the direction in which the market moves and how it is able to fully leverage its fundamentals. That being said, if the announced listing price is anything to go by, we forecast that Memereum will probably end the year between $0.48 to $0.50 levels.
Meanwhile, apart from Memereum, another presale crypto that has been leading the charge this year is Shiba Shootout (SHIBASHOOT). The next section of this article will provide detailed insights into the standout attributes of this utility-driven project and why it might be the next 100x crypto gem.
Shiba Shootout (SHIBASHOOT) – New Promising ICO Crypto To Buy
Despite being a fresh launch, Shiba Shootout has swiftly positioned itself on the watchlist of those seeking to diversify into a crypto asset that offers a mixture of fun and utility. At the heart of the project is its exciting lore which seamlessly blends the themes of the Wild West with the iconic Shiba Inu meme.
Powered by its humorous characters – Marsha Shiba and Shiba Sharpshooters, Shiba Shootout is on a mission to prove that it rules the Wild West crypto frontier. At its core, the project is inviting the crypto community to embark on a thrilling adventure into a vibrant digital town, known as Shiba Gulch.
The leader of the digital settlement is Marsha Shiba, a charismatic figure who’s adorned with a cowboy hat and blockchain lasso. Accompanying Marsha Shiba is Shiba Sharpshooters, which the project equates to a community of meme creators and crypto enthusiasts.
Being the head of the community, Marshal Shiba gathers Sharpshooters to engage in epic meme battles, friendly banter, and clever meme-offs, ensuring that they partake in the thrill of the frontier.
In keeping true to this mission, Shiba Shootout has designed a mini game featuring a duel of creativity, wit, and a touch of cowboy charm. One key attraction of the game is its P2E structure which allows players to earn free Shiba Shootout tokens for engaging in high-stake battles with other players. At press time, the game has been signed off by Google and Apple stores, meaning it will go live soon.
Another major aspect of Shiba Shootout is its community-driven programs which cut across cactus staking, posse rewards, lucky lasso lottery, campfire stories, token governance roundups, and saving saddlebags. Through these interesting programs, Shiba Shootout incentivizes active community members for their contribution to the success of the ecosystem.
Meanwhile, in recent times, top crypto analysts like Jacob Bury have analyzed the significance of Shiba Shootout’s multiple use cases to its long-term growth. Jacob Bury, in a YouTube video, says Shiba Shootout has all the qualities to replicate the success of the second-largest meme coin by market cap, Shiba Inu.
Another influential expert who has discussed Shiba Shooutout’s potential is the aforementioned Michael Wrubel. The crypto YouTuber, in his video analysis, highlights how Shiba Shootout can potentially yield 100x gains once the token ICO concludes.
These predictions indicate one thing – Shiba Shootout is a project that will make a strong impact in the meme coin niche and the broader crypto market at large. For those interested in getting in early, visit the official website of the project right now to purchase $SHIBASHOOT with ETH, BNB, USDT, or debit/credit cards.
For more information, follow Shiba Shootout on X or join its Telegram page.
Buy Shiba Shootout (SHIBASHOOT)
*Cryptonomist did not write the article or test the platform.
