Many of the early supporters of Dogecoin (DOGE) and Shiba Inu (SHIB), who gained enormous profits from their purchases, are now opting to invest in FLYSHIB.
Before Tuesday, Flying Shiba Inu (FLYSHIB) is expected to rise 7,000% in anticipation of the news that the new memecoin would be launched on MEXC.
Flying Shiba Inu, which presently only trades on Solana decentralized markets like Raydium, will list on its first centralized exchange.
The announcement will be a significant bullish stimulus for Flying Shiba Inu's (FLYSHIB) price movement because the CEX listing will expose the company to tens of millions of new investors.
This indicates that if the MEXC listing and other listings on centralized exchanges are disclosed, the token has enormous upside potential and may go from being worth a few thousand dollars to millions of dollars.
Therefore, it should come as no surprise that a large number of early adopters of Dogecoin (DOGE) and Shiba Inu (SHIB), who profited greatly from their investments, are now opting to invest in FLYSHIB, especially before the company's maiden CEX listing is formally revealed.
More specifically, by the end of next week, FLYSHIB's market cap is expected to reach $250,000, which would increase the value of a $500 investment to nearly $60,000.
It is anticipated that FLYSHIB will achieve a $5 million market cap by mid-May, so even after these enormous increases, there will be plenty of room for growth.
Should it arrive at the heights of SHIB and DOGE, FLYSHIB could even end up creating memecoin billionaires.
April 2024, Cryptoniteuae