As the Shiba Inu (SHIB) price pulls lower from earlier session highs, traders are shifting funds to a new Bitcoin ICO called 99Bitcoins (99BTC) as they chase 1,000% potential gains.
The SHIB price rallied as high as the $0.000029s earlier in the day, its highest level since early April.
The meme coin, the industry’s second-largest by market cap, is up over 12% since the start of the week.
Shiba Inu, an Ethereum-based ERC-20 token, has been pumping as bets on Ethereum ecosystem growth come in post-Ethereum ETF approvals.
The launch of Ethereum ETFs is expected to bring a flood of new liquidity inflows from institutional investors.
That could bring an outsized benefits to established Ethereum meme coins like Shiba Inu and Pepe (PEPE).
Risks remain tilted towards further SHIB upside, with technicals also looking bullish.
SHIB broke out of a multi-month downtrend earlier in May. Chart analysis suggests a return to yearly highs above $0.000045 is on the cards.
That could mean near-term gains of as much as 65% for SHIB. However, SHIB’s bloated market cap of around $16 billion suggests it’s going to be difficult for the meme coin to muster gains greater than 2-3x this bull market.
It’s no surprise then that Shiba Inu holders have been shifting funds to new projects that might deliver higher gains.
One such crypto, a new Bitcoin ICO called 99Bitcoins, has been attracting a lot of attention recently. Here’s why analysts at Cryptonews rank it as one of their best cryptos to buy in 2024.
New Bitcoin ICO 99Bitcoins – Here’s Why 99BTC Could Be 2024’s Best Presale
One of the biggest barriers to crypto adoption is a lack of knowledge about the emerging technology.
Learn-to-earn is a new, fast-growing concept within crypto that seeks to remedy this problem by introducing an economic incentive.
Having been a leader in the crypto education space for years, 99Bitcoins is making moves to revolutionize L2E.
Learning #Cryptocurrency is great but it takes up your precious time. How about earning #Crypto whilst learning? #99Bitcoins is about to change the #Learn2Space space forever.
Join now! https://t.co/PCa9FjhMqT#99Bitcoins #Presale #L2E #BTC pic.twitter.com/db0H1lSI1S
— 99Bitcoins (@99BitcoinsHQ) May 25, 2024
The new Bitcoin project’s YouTube channel already has over 700,000 subscribers. Its platform also has over 100,000 students enrolled and a massive 2.6 million email list.
Its new L2E platform is thus expected to attract huge demand from the outset.
99Bitcoins’ new L2E token will be called 99BTC, and platform users will be able to win it as they learn.
It’s no surprise to see that 99Bitcoins’ presale has been a resounding success so far.
In the few weeks since its launch, investors have already scooped up nearly $1.7 million worth of tokens.
Over $1.25 Million raised in our $99BTC #Presale!
THANK YOU to our incredible community for pushing us past this milestone!
There’s still time to get involved and secure your $99BTC before the next stage begins.
Join now! https://t.co/NXD7DAaUfZ#99Bitcoins #BTC pic.twitter.com/gIYSn90dDR
— 99Bitcoins (@99BitcoinsHQ) May 14, 2024
Crypto degens are also flocking to new Bitcoin ICO 99BTC to benefit from its exciting airdrop and staking benefits.
99Bitcoins is running a $99,999 BTC airdrop competition, with 99 of the project’s early supporters to be picked at random. To enter the competition, users must follow the website’s instructions.
Meanwhile, 14% of the 99BTC token supply is being reserved for staking rewards.
Presale investors are already raking in APYs in excess of 982%, as per the staking dashboard.
At that rate, presale investors can double their initial investment in around one month.
As a potential market leader, 99BTC has the makings of a crypto that could do very well. That’s why analysts at Cryptonews thinks it could be one of 2024’s best presales.
Buy 99BTC Here
Are you ready to dive into our dynamic #Crypto community!
You’ll be able to connect with passionate individuals, share insights, and stay updated on the latest trends in #Blockchain technology.
Discover more https://t.co/NXD7DAamqr#99Bitcoins #Presale #BTC #Bitcoin pic.twitter.com/IEhOUbB1Sl
— 99Bitcoins (@99BitcoinsHQ) May 7, 2024
The post Shiba Inu Holders Shift Funds to This New Bitcoin ICO, Chasing 1,000% Gains appeared first on Cryptonews.