{"id":4986,"date":"2023-05-06T08:16:51","date_gmt":"2023-05-06T12:16:51","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-shiba-inu-a-good-investment-shiba-price-drops-while-new-ai-meme-coin-goes-viral\/"},"modified":"2023-05-06T08:16:51","modified_gmt":"2023-05-06T12:16:51","slug":"is-shiba-inu-a-good-investment-shiba-price-drops-while-new-ai-meme-coin-goes-viral","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=4986","title":{"rendered":"Is Shiba Inu a Good Investment? Shiba Price Drops While New AI Meme Coin Goes Viral"},"content":{"rendered":"
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The crypto market is back on track and has posted a 1.34% increase in the past day.\u00a0<\/p>\n

The foremost cryptocurrency, Bitcoin, is leading this bullish rally, but meme coins like Dogecoin have also seen remarkable changes in fortune.\u00a0<\/p>\n

However, popular ‘Dogecoin killer’ Shiba Inu is having a rough day as it is trading in a contrarian manner.\u00a0<\/p>\n

So far, the ERC-20 token is down by 0.82%, with more downtrend expected in a market that is seeing increased levels of competition for investors’ attention.<\/p>\n

Meanwhile, in the meme crypto ecosystem, AiDoge, a new promising project, is catching the attention of investors.\u00a0<\/p>\n

This emerging project uses artificial intelligence (AI) to create contextually relevant memes.<\/p>\n

The platform’s native token, $AI, has already secured more than $1.96 million in its first three weeks of presale.\u00a0<\/p>\n

This token’s fast rise could be the beginning of another crypto boom for the emerging sector.<\/p>\n

$SHIB Sheds Weight in a Bullish Climate<\/h2>\n

The crypto market is still a long way from crossing the Rubicon, but the nascent industry has been largely positive since 2023, as opposed to the bearish straits of 2022.\u00a0<\/p>\n

However, $SHIB has largely underperformed in this current bullish run, and the digital asset is still struggling to maintain the attention it gained in 2021.<\/p>\n

At press time, $SHIB is trading at $0.000009805, indicating a downtrend of 1.46% in the last 24 hours. This decline has led to Shiba Inu’s market cap sliding to $5.7 billion-plus, although its 24-hour trading volume of over $142 million points to an increase of 56.95%.<\/p>\n

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Regarding its longer-term performance, $SHIB has had a string of poor results. The canine-themed asset has shed 4.49% in the past week, with a further loss of 12.91% in the last 30 days.\u00a0<\/p>\n

Its 90 days performance is also in the red zone with a 33.42% loss suffered.\u00a0<\/p>\n

$SHIB has also lost in the 180 days race with minus 17.4% shown on its charts. The only compensation is its year-to-date (YTD) increase of 21.04%, which is negligible compared to the significant rallies other cryptocurrencies have experienced in the last five months.<\/p>\n

During its five months stint, the crypto market had risen more than 20% back to the $1.2 trillion market cap.\u00a0<\/p>\n

Projects such as Bitcoin and Ethereum led the charge, and several meme coins also posted massive gains.\u00a0<\/p>\n

Given this, SHIB’s poor season could be a direct result of the plethora of meme tokens that have risen in 2023 compared to the broader market’s performance.<\/p>\n

Meanwhile, memes are now seen as a communication tool, and more social media users are adopting them to pass information.\u00a0<\/p>\n

To ensure users are not lost for a relatable meme, a new crypto project using complex algorithms has recently launched.<\/p>\n

AiDoge: Futuristic Generative AI Memes<\/h2>\n

AiDoge is an innovative meme project incorporating a powerful artificial intelligence (AI) meme-generation tool that allows users to create high-quality memes using a text prompt.\u00a0<\/p>\n

The AiDoge ecosystem includes its token, $AI, which can be used to buy platform credits, text-based prompts, and an AI-driven meme generator.\u00a0<\/p>\n

Users simply type in what meme they want to mint, and the advanced generator will generate high-definition memes based on current crypto news and popular meme data sets.<\/p>\n

To ensure users get up-to-date and high-quality memes, the AiDoge platform trains its software with millions of meme datasets just like a regular AI machine.\u00a0<\/p>\n

The AI incorporation is aimed at revolutionizing the internet meme creation sector.\u00a0<\/p>\n

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Members who create the most exciting memes receive $AI tokens for their efforts. They can also stake their tokens and earn passive income on the platform.\u00a0<\/p>\n

Staking benefits not only cryptocurrency investors but also long-term engagement and ecosystem sustainability.\u00a0<\/p>\n

The ongoing $AI presale is generating huge interest from global investors, with over $2 million in investment raised.<\/p>\n

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The $AI is attracting interest from crypto enthusiasts from all regions as its project, AiDoge, seeks to disrupt the internet meme industry and leverage the growth trajectory of the artificial intelligence (AI) ecosystem.\u00a0<\/p>\n

To purchase $AI tokens during the ongoing presale, traders must have ETH, USDT, or funds in their bank accounts.\u00a0<\/p>\n

The ERC-20 token is currently priced at $0.0000272 and will rise to $0.0000276 when a new presale stage begins in four days.<\/p>\n

Visit AiDoge Here<\/strong><\/p>\n

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com<\/sup><\/i>.<\/sup><\/p>\n<\/p><\/div>\n