Shiba Inu (SHIB) is primed for a major breakout, but its holders are eyeing up an exciting new ICO that some think could deliver gains of as much as 1,000%.
SHIB has formed a pennant structure in recent weeks.
A break to the north of this could coincide with a breakout to the north of its 200DMA.
That could be the catalyst to launch SHIB back towards yearly highs in the $0.000045 area, nearly 3x up from current levels.
As the Fed cuts interest rates and a Trump US Presidential election victory looms, major cryptos could soon power higher, and meme coin season could be right around the corner.
SHIB could do very well, but smaller and lesser-known meme coins could be the real outperformers.
With the US election just around the corner, Political meme coins could be notable outperformers.
That's why a new US election-themed token called FreeDum Fighters (DUM) has gained so much traction.
Here is everything you need to know about the exciting new ICO.
New ICO FreeDum Fighters (DUM)
FreeDum Fighters is a new community-focused PolitiFi meme coin that gamifies the battle between Republican candidate Donald Trump and Democrat Kamala Harris.
New ICO DUM seeks to emulate the success of prior PolitiFi tokens like TREMP, MAGA, and BODEN.
However, while these tokens lack real utility, which may have contributed to their only short-lived success, FreeDum Fighters (DUM) seeks longevity and lasting value creation.
FreeDum Fighters is the "ultimate showdown" between two mechanized political figureheads – MAGATRON and Kamacop 9000.
DUM investors can choose from two staking pools offering differing levels of rewards based on the popularity of the two figureheads and engage in weekly debates to win DUM airdrops.
40% of the token supply is available during the presale, with 20% reserved for the liquidity pool, 20% for the staking pool, 10% for debate rewards, and a further 20% for everything else.
DUM Presale Flies Past $200,000
The new ICO has already raised over $200,000 from early investors, despite launching just days ago.
Today we celebrate FreeDum.
— FreeDum Fighters (@Freedum_Fighter) October 21, 2024
$200k raised in the $DUM presalepic.twitter.com/5a7qH9U1va
That come as a surprise – experts have been coming out in their droves to back DUM.
Popular presale analyst Jacob Crypto Bury recently released a video arguing that DUM has 10x potential.
He also highlighted the massive yields currently on offer for presale investors.
Per the official FreeDum Fighters staking dashboard, investors can currently earn a whopping 25,400% APY if they put their tokens in the Kamacop 9000 staking pool.
The MAGATRON pool is currently yielding about 800% APY, owing to its greater popularity so far.
At these APYs, investors can double or triple their initial DUM bag in just a few weeks.
Elsewhere, Squidgrow Joe gave the new ICO a glowing review of the token.
Wolf's Crypto Den, meanwhile, said FreeDum Fighters can benefit from the perfect narrative running up to the US elections and might even 100x.
DUM can be easily bought with ETH on the Ethereum or Base networks and with BNB, SOL, USDT, and USDC.
The post Shiba Inu Holders Move to This New ICO – Could 1,000% Gains Be Next? appeared first on Cryptonews.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
