The coming weeks are crucial for the crypto market, with the possibility of a turbocharged autumn bull run in the air. Meme coins are in the spotlight as strategic investors hoard them before the next break-out.
In addition to high-cap options like Pepe, Shiba Inu, and Dogecoin, young meme coins have also caught their attention.
On top of the list is SHIBASHOOT, the native crypto of the trending P2E game Shiba Shootout.
Shiba Shootout is the Latest Meme Coin Craze
Meme coins are known for their highly erratic behavior. They rapidly climb up and down the charts with massive gains and losses.
As good as they are at making a fortune for strategic investors, they can also wipe out a wallet overnight. Early entry maximizes the potential returns from a meme coin while minimizing the losses.
The growing traffic to the $SHIBASHOOT presale, which offers the token at heavily discounted prices, is rooted in this strategy.
The presale has raised more than $1 million so far, with more funds flowing in as the word spreads.
Join Marshal Shiba as he rallies Shiba Inu fans for the ultimate crypto showdown!
With a cowboy hat and blockchain lasso, he's ready to rule the frontier. 🤠💥 pic.twitter.com/KShYA6Sfsy
— shibashootout (@shibashootout) September 14, 2024
What’s Shiba Shootout, and Why is it Trending?
Shiba Shootout is a meme coin, as the name makes it obvious. At the same time, it is also a play-to-earn coin. To be more precise, it is the payment and reward token of an intense wild-west-themed shooter video game.
The theme of the game is set in the Shiba Inu universe.
“Shiba Shootout pits the legendary doge icon in Play-to-Earn (P2E) wild western combat. Engage in epic gun battles in the town of Shiba Gulch where Marshal Shiba and the Shiba Sharpshooters are the stars of a unique mobile crypto gaming experience,” explains the website.
The key character in the game is Marshal Shiba, who leads Shiba Sharpshooters to victory. Together, they are fighting enemies to earn attractive rewards.
The game is already live for Android and iOS users.
So it comes as no surprise why Shiba Shootout is trending. Packed with gaming utilities, the project stands out in the meme coin market. While the Shiba Inu label lends speculative appeal to the project, the play-to-earn game underpins its utility aspect.
Not into Gaming? Here are Other Ways to Earn
Shiba Shootout is not just about gaming. It has more in store for the community.
For example, ‘Posse Rewards’ is a referral program where community members can earn rewards by referring friends. The ‘Lucky Lasso Lottery’ system is a great gateway to stand a chance to win big crypto prizes. A portion of it will support charitable initiatives. Cactus Staking, on the other hand, gives passive income to investors.
The tokenomics has set aside 20% of the token supply to be distributed as staking rewards, while the presale gets a massive 35% of the allocation. A substantial 20% of the supply will be used to fuel various marketing campaigns.
There are also community initiatives that nurture camaraderie and belongingness. Members can share their crypto and meme coin experiences in a program called Campfire Stories.
‘Token Governance Roundups’ mimic Wild West town citizenry participation and allow members to have a say in the project’s development.
Can Shiba Shootout Rival Shiba Inu?
Shiba Shootout is a $SHIB derivative. But that doesn’t mean the project is here to rival Shiba Inu. Meme coin derivatives often capitalize on the brand label of their more popular version to build a community. It is an excellent strategy to get a head start in their journey.
Crypto experts are also jumping aboard the $SHIBASHOOT train.
Popular presale analyst ClayBro asks his YouTube community of more than 130,000 followers to check out Shiba Shootout if they are aiming for high gains. In another video, he speculated that the game could make millionaires.
If Shiba Shootout unfolds as laid out in the action-packed roadmap, it has the potential to ignite a strong price performance. While $SHIBASHOOT is too young to rival Shiba Inu, it is a promising new meme coin to watch now.
Don’t Miss the Presale Discounts and Staking APY
The ongoing presale of $SHIBASHOOT tokens offers heavy discounts and staking APYs. It is moving toward an early sell-out due to the growing traffic.
The $SHIBASHOOT smart contract is audited by SolidProof and KYC verified by Coinsult. The security measures instill confidence in the technical aspects of the project.
For the latest updates about the project and the presale, join the Shiba Shootout community on X and Telegram.