Shiba Inu Investors Turn Their Attention to This New Eco-Friendly ICO, Aiming for a 1000% Windfall
As the recent rally in the price of Shiba Inu (SHIB) fades, the meme coin’s investors are turning their attention to a new eco-friendly ICO called eTukTuk (TUK) as they aim to lock in a 1000% windfall.
The Shiba Inu price was last just above $0.000026, up close to 3% on Thursday.
The second-largest meme coin by market cap is up around 40% from April lows.
Two weeks ago, it dipped as low as $0.000018s amid a sudden altcoin market sell-off.
While SHIB has seen a strong recovery, it is trading flat on the week. That means it’s lagging behind other meme coins that have been pushing higher this week, like Bonk (BONK) and Pepe (PEPE).
That said, SHIB technicals are looking good following its latest intra-day bounce from $0.00002440 lows.
SHIB is holding above a downtrend and could potentially now push quickly back above $0.000030.
However, crypto investors hunting big gains are unlikely to find Shiba Inu attractive.
That’s because the token already has a bloated market cap of $15.4 billion.
That reduces the potential gains it could deliver this bull market to probably no more than 3-4x.
Unsurprisingly, SHIB investors are turning their attention to eTukTuk, which some think could deliver gains of up to 1,000%.
eTukTuk is a new eco-friendly ICO with a mission to make a lasting impact.
This web3 startup focuses on accelerating the adoption of electric TukTuks in developing countries.
Their eco-friendly DePIN (decentralized physical infrastructure network) model utilizes the $TUK token to create a sustainable transportation ecosystem.
The project has garnered significant interest, raising over $3 million through its ongoing Initial Coin Offering (ICO).
We've hit a major milestone, raising $2M in our pre-sale!
Thanks to our incredible community
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