Shiba Inu is following market trends by dropping a total of 6.69% as of Tuesday afternoon, with investors exploring new opportunities like successful Bitcoin ICO 99bitcoins as they hunt for 1,000% gains.
The bullish momentum surrounding Bitcoin has motivated investors tired of traditional meme coins such as Shiba Inu to enter a more energized segment of the broader crypto market.
Following the approval of spot Bitcoin ETFs and the token’s quadrennial halving event in April, Bitcoin is primed to be increasingly sought after by crypto-hungry consumers due to the increasing level of interest and adoption from key players in traditional financial markets.
The wave of excitement for Bitcoin has only catapulted crypto learning platform 99bitcoins into surpassing its goal of raising over $2 million as part of the company’s presale for its new token 99BTC.
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The learn-to-earn platform, which offers one of the highest staking returns across the crypto sector at a 859%, is slotted for a rapid upward trajectory.