The Shiba Inu (SHIB) token is having a semi-productive day. The crypto formerly hailed as the ‘Dogecoin Killer’ is up nearly +0.60% on the day but still in a downward trend for the last 6. It has not yet hit the ‘bottom’ when compared to last year’s price, but traders think it will go there. This prediction has led to many $SHIB holders swapping their ERC-20 tokens to enter the crypto presale of Bitnance.
Frankly, there’s 0 chance Shiba Inu will hit $1 this year.
InsideBitcoin Predicts Bitnance Will 10X in Value
On the other hand, the Bitnance token will likely rise past $1 when it launches on its first Crypto Exchange on December 5th. InsideBitcoin analysts predicted the new ERC-20 token would fetch a price of around $3.50. If that forecast materializes, this gives today’s investors nearly a 10x return on investment.
The listing price is $0.456 at minimum, a +30% gain for today’s presale buyers. This tops Shiba Inu traders’ gains for the last six months by a long, green mile.
Advertisement
As the token’s prices go up by 0.01% every 3 days, the faster buyers will get the best returns. However, the token will cost more in a matter of days and have lower potential gains.
Shiba Inu Cannot Reach $1 & in Downward Trend
Shiba Inu is priced at $0.00001335 today. To reach $1, it would take the entire crypto world and major financial institutions to buy the ERC20.
However, it’s not about the actual value of the token; instead, it is about the percentage of increase in value. A token going up 100% in value is up 100%, no matter if it started at $2 and went to $4, or was at $0.50 and moved to $1.00.
Shiba Inu traders have been holding on to the SHIB token for this purpose. Most are playing the price volatility gaps, focused purely on percentages.
Droves of SHIB Token Holders Selling
However, the “Dogecoin Killer” army is now moving on in massive droves to new token presale projects. The trend is clear, and the presale route appears to have a better upside. No ‘catalyst’ can drive Shiba Inu to a ‘10x’ in value by December 2024.
This is why Shiba Inu traders are moving to the Bitnance project. The 10X increase would mean that every $10 invested will return traders $100 in net profit. A $10,000 investment would make someone a one-hundred-thousandaire.
Advertisement
SHIB coins being sold to buy $BTN drives the token presale’s daily activities through the rough. It’s been averaging over 2500 tokens sold per day through the last 72 hours. The sales activity will surge towards 10,000 tokens daily by the week’s end.
