1,000% Gains? Shiba Inu Holders Bet Big on This New ICO
As the Shiba Inu (SHIB) price stagnates, its holders are betting big on a new ICO called Shiba Shootout, which some think has an 11x or 1,000% return potential.
SHIB was last stuck around $0.000017. That’s substantially below recent highs at $0.000020 and 50 and 200DMA.
Sentiment in the broader market appears to be picking up, however.
Bitcoin (BTC) is challenging $68,000 once again in the wake of soft US inflation data.
Investors also hope the US presidential candidate Donald Trump will deliver bullish Bitcoin commentary on Saturday. He is scheduled to deliver a keynote speech at the Nashville Bitcoin conference.
HUGE BRREAKING: FOX News and CNBC report Trump poised to announce ‘#Bitcoin Strategic Reserve’ in Nashville. pic.twitter.com/EefwBFSmSw
— Dennis Porter (@Dennis_Porter_) July 23, 2024
If Bitcoin pumps to fresh record highs in the coming weeks, that could reignite meme coin season.
That could see SHIB surge back to life. Bulls will target a retest of the yearly high above $0.000045.
That’s nearly 3x above current levels, so investors could make solid returns.
Many crypto investors are hunting for much bigger gains to secure their own rags-to-riches story, however.
One high-risk, high-reward investment strategy they could consider is getting into a new ICO before it trends.
This is why analysts at Cryptonews.com closely monitor the market for new ICOs.
One new ICO they are big fans of is Wild West-themed play-to-earn (P2E) meme coin Shiba Shootout (SHIBASHOOT).
Shiba Shootout’s P2E game has already been launched on Google Play and the Apple App Store.
The game will be blockchain-powered via the SHIBASHOOT token, which is currently available in presale.
With crypto experts like Michael Wrubel
Read more on cryptonews.com
