Shiba Inu investors turn their attention to the initial offering of this new environmentally friendly currency, hoping to achieve gains that may reach 1,000%.

Shiba Inu ($) investors are turning their attention to this new environmentally friendly currency in hopes of achieving gains of up to 1,000% – Source: Cryptonews

As the momentum of the Shiba Inu-SHIB price rise fades, a number of its investors have turned their attention to the initial offering (ICO) of the new eco-friendly crypto project eTukTuk (TUK), hoping to achieve gains that may reach 1,000%.

The Shiba Inu coin (Shiba Inu-SHIB) – the second largest meme coin in terms of market capitalization – was trading just above 0.000026$ , up nearly 3% compared to yesterday, Thursday, and 40% compared to its lowest levels recorded in April.

Two weeks ago, its price witnessed a significant decline, recording 0.000018$ , amid a sudden wave of selling that swept the alternative currency markets. The value of the SHIB coin has recovered strongly since then, but it went through a phase of relative stability this week, lagging behind other mem currencies that achieved gains this week, such as the two Bonk currencies. BONK) and Pepe (Pepe-PEPE).

However, the technical indicators for SHIB coin look good after its price recently rebounded during the day from the level of 0.00002440$ and stabilized above its downward path line, which means that it can rise quickly to settle above the level of 0.000030$.