Early investors in Shiba Inu (SHIB) are shifting their funds to a new token called 99Bitcoins (99BTC) in hopes of securing profits of up to 987%. As SHIB shows signs of a potential upward trend following a breakout from a bullish pattern and positive news for its decentralized finance (DeFi) ecosystem, investors are turning their attention to 99BTC.
As of Thursday, SHIB was trading at around $0.00002450, experiencing a slight decrease of 3.3%. However, earlier in the day, it reached $0.000026. SHIB, the second-largest meme coin by market capitalization after Dogecoin, recently broke out of a multi-week pennant pattern, indicating a possibility of testing its late-March highs.
The migration of ShibaSwap to Shibarium could further fuel bullish sentiment. Shiba Inu developers introduced Shibarium last year as a layer-2 blockchain designed to accommodate the Shiba Inu ecosystem. However, its performance has been lackluster, with only slightly over $2 million in Total Value Locked (TVL), according to DeFi Llama. On the other hand, ShibaSwap, the Ethereum-based decentralized exchange (DEX) of Shiba Inu, has been more successful, consistently recording daily trading volumes in the millions of dollars, according to CoinGecko data. The expansion of ShibaSwap to Shibarium, known as ShibaSwap 2.0, is expected to provide much-needed liquidity to the struggling blockchain and increase the SHIB burn rate.
In addition to the potential upside for SHIB, investors are showing interest in a new token in the learn-to-earn (L2E) niche. The well-established crypto education platform, 99Bitcoins, is launching a new token that rewards users for learning about cryptocurrency. Investors are rushing to participate in the presale before it sells out. 99Bitcoins boasts over 700,000 YouTube subscribers, more than 100,000 enrolled students, and a massive 2.5 million mailing list, positioning it as a leader in the L2E space from the start. The token will initially launch on the Ethereum blockchain but will eventually become BRC-20 to dominate L2E on the Bitcoin blockchain.
During the presale, investors have already contributed nearly $1.3 million. Potential investors should act swiftly as the price of 99BTC will increase once it reaches $2 million. 99BTC will power 99Bitcoins’ L2E platform while offering investors a staking yield. According to the official website, the current yield is approximately 1,333%, although it will decrease as the presale progresses. Moreover, 99Bitcoins is running a significant $99,999 BTC airdrop.
If 99BTC becomes a market leader, presale investors could potentially achieve gains of up to 10x or 987%. However, it is important to note that cryptocurrency investments carry high risks, and this article is for informational purposes only and should not be considered investment advice. It is possible to lose all invested capital.