Memecoins
Shiba Shootout ICO Aims for $1 Million
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New Shiba Inu-themed memecoin Shiba Shootout (SHIBSHOOT) makes waves as its pre-sale surpasses $600,000, moving closer to the $1 million milestone
The new Shiba Inu-themed meme coin Penalty Shootout Against Shiba (SHIBSHOOT) is making waves today as its pre-sale has crossed the $600,000 mark, putting the project on track to hit the $1 million milestone.
Combining the history of Shiba Inu with the Wild West motif of crypto, Shiba Shootout is on the frontier of crypto memetic confrontation.
Shiba Inu derivatives like the Shiba Shootout are ready to explode
All eyes have been on SHIB recently, so it’s the perfect time to launch Shiba Inu-themed products.
The $10 billion cryptocurrency has outperformed its most formidable competitor, Dogecoin, over multiple time periods. For example, SHIB is up 19% this week, while Dogecoin is up 9%.
And taking a year-over-year outlook, Shiba Inu is up 113%, while Dogecoin is up 65%. This is a decisive win for SHIB, but it’s not a surprise, given the token’s utility-centric approach.
While Dogecoin focuses on pure memetics, Shiba Inu has multiple demand streams including a Layer 2 blockchain, staking, NFTs, a decentralized exchange, and more.
With this, the community has a much clearer narrative to rally around, which has resulted in substantial price growth. Other Shiba Inu-style tokens like Bonk have also seen significant growth recently.
Bonk follows in Shiba Inu’s footsteps by incorporating utility into its memetic appeal. Bonk’s utility is a trading bot, which has provided new demand for the token and helped boost its price by 19% this week.
Meanwhile, Shiba Shootout is gearing up for its biggest gains yet as the token remains in its pre-sale phase. This allows investors to buy at a fixed, discounted rate.
Usefulness in the Shiba Shootout ecosystem
Bonk has reached a market cap of $1.5 billion with only a trading bot as its utility, but Penalty Shootout Against Shiba sets the bar considerably higher. While still in its early stages, it offers utilities that could rival its $10 billion predecessor, Shiba Inu.
According to his white paperShiba Shootout features a referral system, incentivized community story, on-chain governance, lottery, staking, and a unique savings feature that accumulates token rewards.
These utilities are community-oriented, which is the essence of memecoin culture. Shiba Shootout’s appeal as a new memecoin with an extensive ecosystem is attracting a lot of attention.
But this trend is amplified by the actions taken by the team. For example, it has already launched the staking feature and massive rewards are on offer.
Currently, stakers can accumulate over 1,600% APY, but this number will decrease as more holders stake their tokens.
20% of the SHIBASHOOT supply is earmarked for staking. An additional 35% is allocated to the presale, 10% to project funds, 10% to liquidity, 20% to marketing, and 5% to the “Rootin Tootin Shooter Fund”.
With utility at its core and ties to Shiba Inu, the Shiba Shootout pre-sale has generated buzz among prominent industry figures.
These Experts Believe Shiba Shootout May Boom After IEO
The Shiba Shootout is going to explode. That’s the title of a recent video from the popular YouTube channel Cryptonews.
Diving into the project, the first thing the analyst asked was to design the project’s graphics. “The graphics are amazing, guys, it’s a variation of the original Shiba Inu.”
Given memecoins’ visual roots, this could prove to be a key selling point for Shiba Shootout over its peers. The analyst also pointed to Shiba Shootout’s utilities as a key reason why it could explode.
Jacob Bury also gave his opinion on Shiba Shootout, speculate This could be multiplied by 10. But others are even more optimistic.
Michael Wrubel is one of them, suggesting SHIBASHOOT has 100x potential for his 300,000 YouTube subscribers.
Shiba Shootout is quickly making a name for itself, and the more people hear about it, the greater its potential for capital gains. That’s why, for interested users, now is the time to join the Shiba Shootout community.
The pre-sale price is expected to increase as the campaign progresses, with the next increase expected in two days.
For more information, follow Shiba Shootout on X or join him Telegram to stay up to date. Alternatively, visit the Shiba Shootout pre-sale site.
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