As Shiba Inu (SHIB) eyes a potential push higher following a recent bullish pattern breakout and amid positive news for its DeFi ecosystem, early investors are moving funds to a new token called 99Bitcoins (99BTC) as they seek 987% profits.
SHIB was last trading down 3.3% on Thursday around $0.00002450, having earlier pushed towards $0.000026.
The meme coin, the second largest by market cap after Dogecoin, broke out of a multi-week pennant pattern on Wednesday.
Technical analysis suggests risks are tilted towards a retest of late-March highs.
As SHIB eyes a possible near-term rally, a new token is attracting attention. Source: TradingView
And news that ShibaSwap has finally migrated to Shibarium could help ignite fresh bullish sentiment.
Every swap and every stake on ShibaSwap fuels our ecosystem!
Increased trading volumes bring more fees for stakers and LP providers , cementing ShibaSwap as the go-to hub for community tokens.
⁰In addition, the more transactions will run on Shibarium blockchain, the more the…
— Shib (@Shibtoken) May 15, 2024
Shiba Inu developers launched Shibarium, a layer-2 blockchain designed to be the home of the Shiba Inu ecosystem, last year.
But so far, it’s largely been a dud, with barely over $2 million in TVL as per DeFi Llama.
ShibaSwap, Shiba Inu’s previously Ethereum-based DEX, has been more successful.
The DEX routinely logs daily trading volumes in the millions of dollars, CoinGecko data shows.
ShibaSwap’s expansion to Shibarium should bring some much-needed liquidity to the struggling blockchain.
Not only is that a boost to the Shiba Inu web3 ecosystem, but should also lift the SHIB burn rate.
Investors Move Funds to New Token 99Bitcoins (99BTC) – Here’s Why
SHIB could see near-term upside, but a new token in the learn-to-earn (L2E) niche is attracting a lot of hype.
Well-established crypto education platform 99Bitcoins is launching a new token that will reward users for learning about crypto.
And investors are flooding in to get in on the presale before it sells out.
99Bitcoins’ has over 700,000 YouTube subscribers, over 100,000 enrolled students and a huge 2.5 million mailing list.
That positions it to immediately become a leader in the L2E space.
The new token will initially launch on Ethereum, but eventually, as BRC-20 to pioneer L2E on the Bitcoin blockchain.
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
Investors have already piled nearly $1.3 million into the presale. And potential investors better move quickly, as when $2 million is hit, the 99BTC price will rise.
99BTC will power 99Bitcoins’ L2E platform, whilst offering investors a healthy staking yield.
As per the official website, this yield was last around 1,333%, though will drop quickly as the presale progresses.
99Bitcoins is also running a whopping $99,999 BTC airdrop.
Should new token 99BTC become a market leader, presale investors could easily be looking at 10x or 987% gains. This one is not to be missed.
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