Investors in the cryptocurrency market are closely watching Shiba Inu (SHIB) as it consolidates within a multi-month pennant structure. There is a risk of a downside breakout, with SHIB currently trading just under $0.000023. The price has been squeezed by the 50-day moving average (DMA), but still holds above the 100DMA. Should Shiba Inu break to the upside, a move back above $0.000030 could be expected. Conversely, a downside breakout could result in a swift drop to the $0.000018 support level. Macro catalysts such as US CPI and Retail Sales data due on Wednesday could impact the market and be the catalyst for Shiba Inu to break out of its current pattern.
Amidst the uncertainty surrounding Shiba Inu, investors are turning their attention to an exciting new Bitcoin ICO called 99Bitcoins (99BTC) that offers the potential for significant returns, with some expecting a 100x increase in value. 99Bitcoins is a well-established crypto education platform with a large following on YouTube and a robust online learning platform. They are now launching a new token, 99BTC, which rewards individuals for learning about cryptocurrency. The token will be integrated with BRC-20 to pioneer Learn-to-Earn (L2E) directly on the Bitcoin blockchain. The presale for 99BTC has already raised over $1.25 million, with tokens priced at $0.00105. Once the presale hits $2 million, the price will increase.
In addition to the potential for significant returns, 99Bitcoins is also offering a $99,999 BTC airdrop to 99 of the project’s early supporters. To participate, users need to follow the instructions on the project’s website. Furthermore, 99BTC has a passive income component, with 14% of the token supply reserved for staking rewards. Presale investors are already earning APYs in excess of 1,350%. A significant portion of the total token supply is also reserved for project funds, marketing, liquidity, and community rewards. With these features in place, 99BTC has the potential to be a strong player in the cryptocurrency market.
Investors interested in 99BTC can learn more about the project by reviewing the whitepaper and participating in the presale. The project offers a unique opportunity to earn while learning about cryptocurrency through the L2E model. The token’s integration with the Bitcoin blockchain and the excitement surrounding the airdrop and staking rewards make it an attractive investment option. Given 99Bitcoins’ reputation in the crypto education space and the potential for substantial returns, 99BTC is being closely watched by investors looking for high-growth opportunities. As with any investment in the cryptocurrency market, it is important to note the high-risk nature of this asset class and to conduct thorough research before investing.
