As the Shiba Inu (SHIB) price stagnates, its holders are betting big on a new ICO called Shiba Shootout, that some think have 11x or 1,000% return potential.
SHIB was last stuck around $0.000017. That’s substantially below recent highs at $0.000020 and its 50 and 200DMA.
But sentiment in the broader market appears to be picking up.
Bitcoin (BTC) is challenging $68,000 once again in wake of soft US inflation data.
Hopes are also high that US Presidential candidate Donald Trump might 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.
And that could see SHIB surge back to life. Bulls will be targeting a retest of yearly high above $0.000045.
That’s nearly 3x above current levels, so investors could make solid returns.
SHIB Alternative to Consider – New ICO Shiba Shootout (SHIBASHOOT)
However, many crypto investors are hunting much bigger gains as they look to secure their very own rags to riches story.
One high risk-high reward investment strategy they should 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.
https://twitter.com/shibashootout/status/1816058397885677861
The game will be blockchain-powered via the SHIBASHOOT token, which is currently available in presale.
With crypto experts like Michael Wrubel predicting the new ICO crypto could be the next 100x token, it’s no surprise the presale has surged to nearly $800,000 so far.
Here is why Cryptonews analyst Chester thinks SHIBASHOOT has 100x potential.
Those interested in learning more about the new ICO should check out its official website.
Visit Shiba Shootout Now
The post 1,000% Gains? Shiba Inu Holders Bet Big on This New ICO appeared first on Cryptonews.
