Shiba Inu Investors Eye New Bitcoin ICO for Potential 100x Returns
As Shiba Inu (SHIB) faces the risk of a downside breakout, investors are turning their attention to a new Bitcoin ICO called 99Bitcoins (99BTC) in search of high returns. Despite the recent hype around meme stock names like GameStop, major meme coins like Shiba Inu have not seen a sustained increase in sentiment.
Currently trading just under $0.000023, SHIB is holding above its 100-day moving average but is being pressured by the 50-day moving average. The formation of a pennant structure indicates a potential breakout on the horizon.
If Shiba Inu breaks out to the upside, a move above $0.000030 could be expected. Conversely, a downside break could lead to a drop to $0.000018 support. The upcoming US CPI and Retail Sales data release could be a catalyst for Shiba Inu to break out of its current pattern.
As investors look for alternative opportunities amid SHIB’s potential downside, many are turning to 99Bitcoins (99BTC), a well-established crypto education platform that is launching a token (99BTC) designed to reward individuals for learning about cryptocurrency. The ICO has already raised over $1.25 million and is offering tokens at $0.00105 in the presale stage.
Additionally, 99Bitcoins is running a $99,999 BTC airdrop for early supporters, with a portion of the token supply reserved for staking rewards. With its strong foundation in education and promising tokenomics, 99BTC is generating excitement among investors.
Disclaimer: Cryptocurrency investments are high-risk, and this article is for informational purposes only. It does not constitute investment advice, and there is a risk of losing all invested capital.