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Shiba Inu (SHIB) holders are experiencing anxiety due to the meme coin’s significant decline from recent peaks amid escalating geopolitical tensions in the Middle East. Some are opting to invest in a new ICO with considerable upside potential as a safeguard.
SHIB was last seen trading at approximately $0.00001570, reflecting a nearly 30% decrease from last week’s highs around the $0.22 mark.
After a swift increase in Shiba Inu’s price last week, traders had been becoming more hopeful that a new meme season was on the horizon.
Indeed, October is generally regarded as the most favorable month of the year for major cryptocurrencies.
However, Iran’s missile attack on Israel has disrupted this optimism.
Everyone on X : ” Uptober is here, Q4 is very bullish”
Iran to Israel : pic.twitter.com/AIUwi7G5fW— naiive (@naiivememe) October 2, 2024
Israel is anticipated to retaliate with its own strike in the coming days, and the region may soon be on the brink of all-out war.
This situation could significantly affect the global economy by restricting a large portion of crude oil that is produced and exported through the Strait of Hormuz.
This context explains why investors have been transitioning from riskier assets such as stocks and cryptocurrencies to safer investments like bonds and gold in recent trading sessions.
Meme coins like Shiba Inu are frequently among the first assets to be sold off in such circumstances.
Shiba Inu may soon revisit its recent lows in the $0.000013 range.
Nonetheless, a new ICO named Meme Bets (MEMEBETS) continues to garner significant interest despite the geopolitical unrest.
Meme Bets is a novel crypto web and Telegram casino that specifically caters to the meme coin enthusiast community by enabling them to gamble with their meme coin assets.
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The new ICO for Meme Bets has already secured over $350,000, and analysts at Cryptonews.com consider it one of the most promising presales available at this time.
Here’s everything you need to know about this intriguing new ICO project.
New ICO Meme Bets Is Making Waves – Here’s What You Need to Know
Meme Bets is a fresh no-KYC Telegram-based casino that provides crypto enthusiasts the opportunity to wager their meme coin holdings.
The casino also includes a crypto casino and sportsbook website, appealing to a wide range of gamblers.
The native token of Meme Bets, MEMEBET, is rich in utility. It offers its holders exclusive bonuses and challenges within the casino framework.
Additionally, MEMEBET holders will qualify for a substantial airdrop organized by the new ICO.
20% of the MEMEBET supply is allocated for airdropping to users of the Meme Bet casino; the more they engage, the more they will earn.
In this regard, Meme Bets also functions as a play-to-earn protocol.
70% of the MEMEBET supply is being made available through the new ICO.
The remaining 10% has been set aside for liquidity.
Positioned at the crossroads of the rapidly expanding GambleFi and meme coin sectors, Meme Bets holds significant potential for growth.
In the video below, Cryptonews.com’s in-house analyst, Crypto Chester, discusses why he believes it has 100x potential.
Buy MEMEBET Here
The post Shiba Inu Investors Shift to This New ICO – Could It Deliver 1,000% Gains? appeared first on Cryptonews.
