As the recent rally in the price of Shiba Inu (SHIB) fades, the meme coin’s investors are turning their attention to a new eco-friendly ICO called eTukTuk (TUK) as they aim to lock in a 1000% windfall.
The Shiba Inu price was last just above $0.000026, up close to 3% on Thursday.
The second-largest meme coin by market cap is up around 40% from April lows.
Two weeks ago, it dipped as low as $0.000018s amid a sudden altcoin market sell-off.
While SHIB has seen a strong recovery, it is trading flat on the week. That means it’s lagging behind other meme coins that have been pushing higher this week, like Bonk (BONK) and Pepe (PEPE).
That said, SHIB technicals are looking good following its latest intra-day bounce from $0.00002440 lows.
SHIB is holding above a downtrend and could potentially now push quickly back above $0.000030.
SHIB’s near-term outlook is good, but investors are nonetheless shifting focus to a new eco-friendly ICO. Source: TradingView
However, crypto investors hunting big gains are unlikely to find Shiba Inu attractive.
That’s because the token already has a bloated market cap of $15.4 billion.
That reduces the potential gains it could deliver this bull market to probably no more than 3-4x.
Unsurprisingly, SHIB investors are turning their attention to eTukTuk, which some think could deliver gains of up to 1,000%.
eTukTuk is a new eco-friendly ICO with a mission to make a lasting impact.
This web3 startup focuses on accelerating the adoption of electric TukTuks in developing countries.
Their eco-friendly DePIN (decentralized physical infrastructure network) model utilizes the $TUK token to create a sustainable transportation ecosystem.
The project has garnered significant interest, raising over $3 million through its ongoing Initial Coin Offering (ICO).
We’ve hit a major milestone, raising $2M in our pre-sale!
Thanks to our incredible community for your support.
Rest assured, these funds will fuel our mission for a sustainable future https://t.co/4kiTWB8U8Z
— eTukTuk (@eTukTukio) March 20, 2024
The presale offers a tiered pricing structure, with each stage seeing a 3% price increase. As the presale nears its $3.2 million target, potential investors are encouraged to act swiftly.
Widely followed presale YouTube analyst Jacob Crypto Bury is on record, thinking TUK could deliver 10x gains. Here’s why.
Beyond Replacing TukTuks – A Multi-Faceted Approach
While the new eco-friendly ICO eTukTuk will provide its own line of electric TukTuks, its vision goes beyond simply swapping engines.
They plan to redefine urban mobility through a combination of cutting-edge technologies:
AI-Driven Efficiency: $TUK tokens will fuel AI advancements that optimize routes, reduce traffic congestion, and minimize energy consumption.
Eco-Friendly: Funds raised through the token presale will directly contribute to green transportation research, furthering their environmental goals.
Smart Infrastructure: $TUK tokens will power intelligent transport systems powered by AI and blockchain technology.
Predictive Maintenance: AI integration within eTukTuks will ensure timely maintenance, extending vehicle lifespan and ensuring reliability.
TUK – A Passive Income and Play-to-Earn Gem?
$TUK is the native currency within the eTukTuk ecosystem. It will facilitate ride payments, charging stations, drivers, and territory partners.
1/ Introducing the versatility of the $TUK Token:
Discover the myriad utilities and benefits that the $TUK token brings to the eTukTuk ecosystem. pic.twitter.com/MHwoibCfM8
— eTukTuk (@eTukTukio) April 15, 2024
eTukTuk will offer more than just a utility token. $TUK is a passive income opportunity with a unique play-to-earn feature.
Early investors can stake their tokens for yields exceeding 90% APY.
For example, a $10,000 investment could translate to over 380,000 tokens, potentially generating close to $1,000 per month in passive income!
The project will further expand its reach through “Crazy TukTuk Taxi,” a mobile game where players can virtually navigate Sri Lankan cities in TukTuks, picking up passengers and earning $TUK rewards.
EXCITING ANNOUNCEMENT
We are thrilled to announce that our awaited game, Crazy Tuk Tuk taxi is now also available on the App store
Complete quests, earn rewards and compete in thrilling races
Download now:https://t.co/E2rb7J8r2e pic.twitter.com/XXgV8Wgz0Y
— eTukTuk (@eTukTukio) April 21, 2024
The gamification element adds another layer of utility to the $TUK token.
A Promising Future for Green Transportation
With a strong tokenomic structure and the potential for near-term income through staking, the eTukTuk presale provides an opportunity to invest in a project at its inception.
With its focus on sustainability and innovation, eTukTuk has the potential to be one of the most impactful crypto presales of 2024.
The presale certainly has the potential to deliver a 1000% windfall.
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