Shiba Inu Investors Taking a Bold Risk on a New Bitcoin ICO for Huge Returns
Shiba Inu, a Dogecoin contender with a market cap of $10.5 billion, is experiencing a significant downturn compared to Bitcoin. It plummeted by 11% overnight and 20% over the week, currently trading at $0.00001777. Interestingly, other meme coins seem to be following a similar trend.
The original meme coin, Dogecoin, also saw an 11% decrease overnight, with a 15% loss over the past seven days, trading at $0.1195 on Tuesday afternoon. Other doge-themed meme coins, such as DogWifHat, faced even bigger losses, dropping by 14% overnight and 23% over the week to reach $2.01.
In contrast, Bitcoin’s losses were much milder, with a 0.5% decrease overnight and 2.5% over the week, trading at $64,903. Shiba Inu’s price chart for the last three months suggests potential further losses in the short term, hitting a two-month low.
With a volatile relative strength index (RSI) below 30, Shiba Inu risks falling below the crucial support level of $0.0000175. Despite facing resistance at $0.00003 for most of the period, the token reached a high of $0.000036 in early March.
In the midst of the crash of Shiba Inu themed coins, a new Bitcoin project quietly raised $2.2 million. In 2024, the crypto landscape is vastly different from 2021, with increased awareness of security, protocol stability, and meme coin volatility among retail investors.
99Bitcoins, a well-known crypto media outlet, launched the $99BTC token in a presale, aiming to incentivize crypto education through a Learn-to-Earn model. By utilizing gamification and a leaderboard reward system, 99Bitcoins encourages intensive crypto study with spendable benefits. Interested investors can visit the presale website to buy 99Bitcoins, but keep in mind that crypto is a high-risk asset class, and this article is for informational purposes only.
