By As ERC-20 meme coins surge back into the scene, a new SHIB spinoff token named ShibaFork has exploded a jaw-dropping +56,986%.
This article will provide an analysis of ShibaFork’s current price trends and look to see whether a newer meme coin, Green Bitcoin, represents a more promising investment opportunity at this time.
ShibaFork Is The First-Ever Upgrade Of The Viral SHIBA Inu Meme On ETH. pic.twitter.com/l0HpP1KDdV
— ShibaFork (@ShibaForkCrypto) February 24, 2024
In a humorous play on the popular meme coin DogWifHat, and the resurgence of Bitcoin forks on the market, the SHIB spinoff token brands itself as ‘Shiba with a fork’ – a joke clearly catching viral interest in the crypto community.
SHIBAFORK Price Analysis: As New SHIB Spinoff Token Continues To Surge on Markets – Could This Other Crypto Project Outperform Pump?
With price action continuing to press upwards, ShibaFork is currently trading at a market price of $0.029 (representing a 24-hour change of +59,544%).
This comes after SHIBAFORK launched at an initial price of $0.0001 at 2AM (UTC) on February 28, in a listing that gained almost instant traction – despite being away from the central gravity of meme coin trading on Solana.
Now, 8-hours of consecutive green candles have left ShibaFork price in strong form, with a new all-time high being created hour-after-hour in an ongoing skyrocket move.
This has created a good technical structure, with a brilliant ascendant trading channel revealing the short-time frame trajectory, and lower support levels provisionally established at $0.0069 and $0.02 – offering potential relief in the event of a downtick move.
The major pump has been fuelled by an influx of $377k in trading volume so far, with the rally bolstered by the patience of 313 holders.
Yet, some concern emerges from ShibaFork’s already enviable market cap – which stands tall at $12.56m – suggesting limited upside growth capacity for late entrants here.
Indeed, for a FOMO investor to receive even a 2x return at this point, ShibaFork price would need to push to a $25m market cap – comparable to a project like TURBO token.
Additional concern also stems from the SHIBAFORK liquidity pool, which remains small at $414k and unlocked (exposing holders to the outsized risk of a honey pot).
For these reasons, smart money investors are shifting their attention away from SHIB spinoff tokens to the rapidly approaching Bitcoin halving event in April, which could see projects like Green Bitcoin pump in tandem.
Introducing Green Bitcoin: Discover How $GBTC Token Could Perform 100x Move Heading Into Bitcoin Halving Event
Bitcoin is booming, and so is Green Bitcoin ($GBTC), after raising $1 million from investors drawn by the allure of the Bitcoin story and the opportunity to capture ROI upside potential far in excess of what $BTC can deliver at this stage in its lifecycle – Green Bitcoin is on a roll.
The top digital asset is seeing its price surge past $56,000 as talk of new all-time highs becomes more fevered – but new Green Bitcoin could easily 100x, while Bitcoin’s most spectacular price advances are behind it.
Even when Bitcoin reaches $500,000, that will only be 10x on today’s price.
By contrast, a small-cap token like $GBTC (not to be confused with the Grayscale Bitcoin Trust ETF), which has a great story to tell as a gamified prediction forum that rewards whose bitcoin price hunches prove correct, could leap 100x.
On a short-term view $GBTC has strong potential to 10x on its presale price. Bear in mind that lesser bitcoin derivative coins have seen price gains of 20,000% or more, such as HarryPotterObama Sonic10 Inu ($BITCOIN).
But How Does the Green Bitcoin Ecosystem Actually Work?
Built on Ethereum’s infrastructure using the ERC-20 token standard, Green Bitcoin introduces a massive reduction in carbon emissions utilizing Ethereum 2.0’s high-speed, low-energy proof-of-stake network.
This delivers a jaw-dropping 10,000 times reduction in energy consumption compared to traditional proof of work Bitcoin mining.
However, the fundamental paradigm shift delivered by this pathbreaking eco-crypto rests in its launch of an engaging gamified staking model that not only generates passive income for holders, but also ignites a high-octane ecosystem.
The idea here is based on Bitcoin prediction markets, which engage players with daily predictive challenges aiming to test trading ability and acumen.
To win, players must stake their $GBTC to successfully forecast Bitcoin’s daily price movements, with correct calls receiving substantial $GBTC rewards – including up to 100% token bonuses!
How Community Forms the Heart of Green Bitcoin’s Plan to Unlock Viral Success – Copying SHIB Blueprint
Did you know you can earn HUGE, simply by staking your Green Bitcoin?
If you haven’t yet, go to our website and check out the Staking feature! pic.twitter.com/6wiv99ER0O
— GreenBitcoin (@GreenBTCtoken) February 25, 2024
By combining a novel staking mechanism with this gamified functionality, Green Bitcoin aims to foster an immersive community of Bitcoin traders for highly-charged community predictions.
In an effort to fuel this, a closer glance at $GBTC tokenomics reveals a huge 5% swathe of token supply has been earmarked solely for community incentives.
This is bolstered by a recently launched Green Bitcoin affiliates program, which gives $GBTC holders the opportunity to receive an alluring 15% referral bonus for amplifying the project’s reach and impact.
Amid growth on the Green Bitcoin X (formerly Twitter) and Telegram, which have both hit milestones in recent weeks, the $GBTC presale is also beginning to gain traction with prominent crypto influencers.
In a recent YouTube video by leading shot-caller Decrypt Crypto, $GBTC’s approach to eco finance was praised for its innovative offering in the emerging vertical – with the token rated bullish for the 53.6k channel subscribers.
The Road Ahead For Green Bitcoin: Empowering Eco-Revolution in Blockchain 2024
With an engaging product aiming to deliver fun to staking, and a growing community – fueled by affiliates and influencers, it’s clear that Green Bitcoin is heading for a promising future, but how is the roadmap shaping up?
As Green Bitcoin heads into the next presale phase, the project’s roadmap promises a series of exciting developments designed to enhance engagement and promote sustainability.
From plans to supercharge marketing efforts, to the launch of the highly anticipated predict-2-earn mechanism, and even the listing of $GBTC on premier exchanges, 2024 is poised for a growth trajectory.
So don’t miss out on investment returns that have every chance of outshining Bitcoin – connect with Green Bitcoin on X and Telegram.
The post As ShibaFork Soars 56,986%, All Eyes on Upcoming Eco-Friendly Crypto for Massive Gains appeared first on Cryptonews.
