XRP Holders Bet Big on New ICO, Eyeing Massive 1,298% Gains

XRP Holders Bet Big on New ICO, Eyeing Massive 1,298% Gains / Source: Cryptonews

As the XRP (XRP) price continues to lag the broader crypto market in 2024, with the crypto still stuck beneath a key long-term downtrend, holders are betting big on a new ICO as they eye massive 14x or 1,298% potential gains.

The XRP price was last $0.60, up solidly from lows a few weeks ago.

XRP remains stuck below a long-term downtrend from the 2021 highs, however.

XRPUSD / Source: TradingView

And it continues to lag other major cryptos, which have seen much larger rallies in recent months.

XRP has been flat since the start of 2024. Meanwhile, Bitcoin (BTC) , Ethereum (ETH) , and Solana (SOL) are up 58%, 45%, and 83%, respectively.

It’s no surprise, then, that XRP holders are pivoting to alternative investments that could return bigger gains.

One new ICO in particular, called Shiba Shootout (SHIBASHOOT), is attracting a lot of attention.

In fact, analysts at Cryptonews.com are big fans of the fun new meme coin .

Cryptonews.com keeps a close eye on the ICO market as it hunts for gems.

They rank Shiba Shootout among the top 15 best presales to buy this summer.

Here is everything you need to know about the promising new ICO.

New ICO Shiba Shootout (SHIBASHOOT) – P2E Passive Income Gem?

Shiba Shootout (SHIBASHOOT) is a new Wild West-themed play-to-earn (P2E) meme coin.

Shiba Shootout’s P2E game has already been launched on Google Play and the Apple App Store.

The game is powered via the SHIBASHOOT token, which is currently available in presale.

With crypto experts like Michael Wrubel predicting the new ICO crypto could be the next 100x token , it’s no surprise the presale has surged to over $800,000 so far.

35% of the SHIBASHOOT token supply is up for grabs during the presale.

20%, meanwhile, has been reserved for staking rewards.

Indeed, SHIBASHOOT is not only one of the most promising P2E projects in the market right now, but it’s also a passive income gem.

Presale investors can immediately stake their tokens for yields of around 1,200% APY, per the official website .

At those yields, a presale investor will be able to double their SHIBASHOOT bag in as little as a few weeks.

Those interested in learning more about the new ICO should check out its official website .

Visit Shiba Shootout Now