Shiba Inu Investors Set Sights on New Bitcoin ICO, Seeking 100x Returns
Investors in Shiba Inu (SHIB) are shifting their focus to a promising new Bitcoin ICO called 99Bitcoins (99BTC) in hopes of achieving significant returns. Despite the return of legendary GameStop retail investor Roaring Kitty to social media, which sparked enthusiasm among meme stock names, it has failed to generate a lasting surge of interest in meme coins like Shiba Inu.
Currently trading just below $0.000023, SHIB is managing to maintain its position above the 100-day moving average (100DMA). However, its price is being squeezed by the 50-day moving average (50DMA).
Shiba Inu has formed a pennant structure in recent months, indicating an imminent breakout. Pennant structures can break out in either direction. If Shiba Inu breaks to the upside, a move back above $0.000030 can be expected. Conversely, if it breaks to the downside, a drop to the $0.000018 support level is likely.
With a potential breakout on the horizon for Shiba Inu, traders are turning their attention to the new Bitcoin ICO. This shift in focus is not surprising, as alternative investments that offer better returns are being sought after, especially as SHIB faces the risk of a downward breakout.
One cryptocurrency that has caught the attention of the team at Cryptonews is the new Bitcoin ICO, 99Bitcoins (99BTC). 99Bitcoins is a well-established crypto education platform that has been in operation for nearly a decade. With over 700,000 subscribers on its YouTube channel and over 100,000 students enrolled on its platform, it has become a household name in the crypto education space.
99Bitcoins is now taking the next step by launching a new token called L2E (99BTC). This token is designed to reward individuals for learning about cryptocurrency. The ICO plans to integrate its token with BRC-20 to pioneer L2E directly on the Bitcoin blockchain.
The presale for 99BTC is currently underway and has been met with great success, raising over $1.25 million. The tokens are currently priced at $0.00105, but investors are advised to act quickly as the price will increase once the presale reaches $2 million.
In addition to the presale, 99Bitcoins is running a substantial $99,999 BTC airdrop for 99 of its early supporters. Users can enter the airdrop by following the instructions on the website. Furthermore, 14% of the token supply is reserved for staking rewards, with presale investors already earning APYs of over 1,350%.
With 27.5% reserved for project funds, 23% for marketing, 8% for liquidity, and 17% for community rewards, 99Bitcoins’ new token has the potential to be highly successful. Building on its reputation as a leader in crypto education, it is likely to quickly become a leader in L2E as well. The enticing airdrop and staking APY are sure to attract significant attention, making 99BTC a potential 100x gem.
Please note that crypto is a high-risk asset class, and this article is for informational purposes only and does not constitute investment advice. There is a possibility of losing all invested capital.