Dogecoin rallies on X speculation: what does it mean for Shiba Memu?

Dogecoin price rallied to above $0.076 on Tuesday, a day after Elon Musk’s Twitter rebranded to X.
Shiba Memu (SHMU) presale on the other hand has seen $1.14 million raised so far amid huge interest in meme tokens.
The launch of the Shiba Memu’s AI dashboard could have a significant impact on the token’s performance.

Shiba Memu’s presale is on fire with nearly 40 million SHMU sold and over $1.14 million raised within weeks of the revolutionary meme project’s token sale launch.

Meanwhile, meme coins have added more than $730 million to their total market cap in the past 24 hours, with most of that down to Dogecoin (DOGE)’s latest pump.

Elon Musk’s X Payments could add Dogecoin

DOGE price rose to highs of $0.078 early Tuesday after a spike in positivity since Monday, primarily injected by Twitter’s rebranding to X. More than that, the speculation that X could incorporate DOGE in its payment feature sees Dogecoin price on the verge of what could be a mega upside leg.

Elon Musk hinted at the possibility of DOGE becoming a payment currency on the rebranded X platform when he put the meme coin’s symbol next to the X logo in his bio on Monday. That action fuelled speculation that the cryptocurrency could soon be part of the “everything app” that Musk and team envision for X.

Raoul Pal, CEO of Real Vision believes this is a possibility even as he sees AI playing a big role in X’s future developments.

“Two things I’ve said when Elon bought “X”: Elon bought it for the AI, and the free speech angle is to give it an unbiased model. He needs the AI to train the Optimus robot. He will use crypto to be able to make global payments for creators etc. My guess is he uses Doge.”

What makes Shiba Memu different from Dogecoin?

What sets Shiba Memu apart from Dogecoin and other meme coins is that it integrates blockchain technology and artificial intelligence to create an autonomous marketing powerhouse.

While most meme coin ecosystems, including Dogecoin, rely on market hype for traction, Shiba Memu is taking the game a notch higher by making this entirely AI-driven.

Its AI technology works via robotastic dashboard – the marketing genius behind this project and one that could catapult the project above rivals in terms of community traction and adoption. Two narratives likely to put Shiba Memu on top is the increased adoption of crypto and the emergence of AI as a strong narrative.

Visit the Shiba Memu presale page to learn more.

Dogecoin price prediction

While Musk could go for any other coin when he eventually integrates crypto into X Payments, much of the global speculation is that DOGE sits at the top of the list.

If this happens, we could see the price of Dogecoin could skyrocket. The same happens in 2021 when Tesla announced it would accept DOGE as payment method for car purchases. Dogecoin hit its ATH of $0.73 in May 2021, rallying from lows of $0.009 in January for a staggering 362x gain in four months.

In 2023, Dogecoin has fluctuated between $0.10 and $0.06 and currently hovers below $0.08.

Although the immediate target remains the elusive $0.1, bulls are likely to see the all-time high of $0.73 as the barrier that will need to be broken if DOGE has to hit $1. A move by Elon Musk’s X could catalyse such a breakout.

Does Dogecoin price impact Shiba Memu?

Dogecoin is the top meme coin by market capitalization, and also the most popular one today thanks to its status as the original meme token. The native DOGE’s rally in 2021 and on multiple occasions whenever Musk tweets about it has seen other meme coins pick up some upward momentum.

In fact, it is this scenario that has seen several dog-inspired tokens spawned, particularly in 2023. The likes of PEPE and FLOKI have as a result gained massive traction and are competing to take a chunk of the DOGE market.

Shiba Memu is no different and its trajectory could follow the popular meme tokens’ recent spectacular price gains.

SHMU will be priced at $0.0244 at the end of its 8-week presale. Per the roadmap, the AI dashboard will go live in Q1, 2024 and SHMU will list on exchanges in Q3 that year.

While Shiba Memu price might not mirror DOGE’s 2021 explosion, the meme project’s unique model has the potential to fuel a enourmous price rally.

Do you want to join the presale? Click here.