Memecoins
Meme Coin: Shiba Shootout presale raises over $600,000 in opening round, boldly highlighting its viral potential. | Business News
The meme coin market is in the red this month.
But a new competitor is challenging this trend. The Shiba Shootout ($SHIBASHOOT) presale has raised over $600,000 in its early stages, boldly highlighting its viral potential.
What’s fueling the fear of missing out around Shiba Shootout? Can it surpass Shiba Inu this month?
Shiba Shootout Takes Crypto Investors to the Wild West of Crypto Penalty Shootout Against Shiba is inspired by Shiba Inu, the second largest meme coin in the world.
The Shiba Inu label has its advantages. Instant virality is one. Strong community support is another. But by this rule, any Shiba Inu-related product should be a big hit.
This has not been the case so far. Most, if not all, Shiba Inu derivatives bite the dust after a few days of glory.
This works well for short-term investors. But many are left behind by this relentless volatility.
Shiba Shootout is not aiming to become a passing sensation like the majority of the meme coin market. The website and whitepaper make that clear.
This is a project with a strong utility core.
To begin, Shiba Shootout builds a digital frontier reminiscent of the Wild West.
He’s gearing up for the legendary Shiba Showdown –– a high-stakes battle of creativity, wit and a touch of cowboy charm.
Marshal Shiba leads the Shiba Showdown, rallying the Shiba Inu’s followers to rule the crypto frontier of the Wild West.
Seasoned traders looking for fertile meme coin landscapes and those with a knack for creating hilarious memes can ride alongside Marshal Shiba.
This community of “snipers” will bring Shiba Shootout to the top of the meme coin rankings.
And what motivates them? Active and passive rewards that are too compelling to ignore.
Rain of Crypto RewardsThere is an underlying principle that holds the meme coin community together: rewards and earnings.
This explains the rapid increase in Shiba Shootout pre-sales during the bear market.
Meme coin investors are looking for massive gains. They have found a perfect spot with Shiba Shootout, thanks to its wide range of reward streams.
For example, players can earn attractive rewards by participating in high-stakes battles. The game mechanics here determine the earning potential.
The P2E game will be launched on Google Play and Apple Store soon.
The Posse Rewards referral program is next. It is at the heart of the project’s community development goals. Investors who invite friends to join the community earn referral rewards. Referred friends are also eligible for bonus tokens.
Lucky Lasso lottery is for adventurers only. Here, participants must use $SHIBASHOOT tokens to stand a chance of winning big cryptocurrency prizes. A portion is reserved for credible charities.
Campfire Stories is dedicated to those who need a break from the action. By tapping into their creative side, participants earn $SHIBASHOOT rewards for sharing interesting crypto stories.
However, the rewards aren’t limited to active users who have the time to engage with the community regularly.
Passive investors can also earn attractive rewards through the platform, as outlined in the white paper.
Cactus Staking allows you to lock up $SHIBASHOOT tokens in exchange for attractive rewards. As is the norm, the longer you stake the token, the higher the staking rewards.
To further boost engagement, Cactus Staking takes place against the backdrop of a digital desert landscape. The dashboard visually represents the increasing rewards in the desert.
Crypto influencers are optimistic about the upcoming launch of Shiba Shootout.
Jacob Crypto Bury, who has over 40,000 subscribers on YouTube, touts $SHIBASHOOT as the next potential 10X meme coin.
https://youtu.be/AN4vEYdNdPo?feature=shared
A community-centric, long-term relevant meme currency Community is essential to the success of a meme currency. The long-term journey of a meme currency, in particular, is in the hands of the community.
Community-centered initiatives can thus largely predict the growth potential of the project.
Shiba Shootout’s strategy and roadmap have focused on community engagement and loyalty. Initiatives extend beyond reward programs.
For example, Shiba Shootout token governance meetings allow the community to have a say in major decisions, and draw on the participation of citizens in Wild West towns to fuel engagement.
The voting system fosters a sense of ownership among $SHIBASHOOT investors.
The Tokenomics project is strategically structured with a mix of gamification and financial rewards to give the project long-term staying power. Here’s a breakdown below:
The three-phase roadmap unfolds by building awareness around the token.
The project will establish its official presence on Twitter, Telegram, CoinMarketCap and CoinGecko during this phase. Telegram Community has already reached 3000 users.
Entering its second phase, Shiba Shootout targets a community of 5,000 participants. Relevant industry partnerships will help it tap into other crypto communities.
A digital newsletter called Shootout Times will keep the community informed of the latest developments in the project.
The third phase includes further initiatives. With the community set to grow to over 100,000 owners, branded merchandise is a natural fit at this stage.
Shiba Shootout will integrate with major cryptocurrency exchanges to meet the growing demand. Another important milestone will be the launch of the $SHOOTOUT Academy.
If the project goes as planned, Shiba Shootout could very well be one of the biggest meme phenomena of 2024 and beyond.
Can Shiba Shootout surpass Shiba Inu? It’s too early to tell.
Large-cap cryptocurrencies like Shiba Inu and Dogecoin are largely saturated. They have failed to make bold moves this year.
Shiba Inu Price Evolution Over 1 Year, CoinMarketCap
Mixed performance is discouraging for new investors. Large market caps leave them little room to generate returns.
But when it comes to promising new coins like $SHIBASHOOT, the case is different.
Each token acquired in the ongoing pre-sale phase could potentially multiply to deliver generous returns to early investors.
While it would be far-fetched to assume that Shiba Shootout could surpass Shiba Inu in the rankings, its upside potential is higher.
The cool Wild West vibe, built-in P2E utility, and strategic roadmap give it a huge advantage over other meme coins.
Shiba Shootout also managed to establish its credibility with early investors by undergoing a comprehensive audit by SolidProof.
The Shiba Shootout pre-sale continues apace and shows no signs of slowing down, attracting early investors with attractive discounts and staking rewards.
Rebates and APY rates are structured in favor of early adopters.
Having already raised $600,000, the pre-sale is expected to sell out well ahead of schedule. The launch is expected to coincide with the next stage of this bull run.
To learn more about the viral piece and participate in the pre-sale, Visit the official Shiba Shootout website.
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