A new viral meme coin is bringing the Wild-West theme to the crypto space.
Shiba Shootout (SHIBASHOOT) has raised over $1 million in its ongoing presale as investors continue to stack new meme coins in preparation for the upcoming bull run.
However, SHIBASHOOT isn’t like other ordinary meme tokens. Its cowboy-themed P2E game, lucrative staking rewards and additional monetary perks separate it from the crowd.
In fact, experts are calling Shiba Shootout the next 100x crypto, especially in light of the upcoming meme coin mania.
Shiba Shootout - The New Viral Meme Coin
Smart money investors continue to hunt for new meme coins, projecting that they could deliver outsized returns in the next crypto bull run.
After all, investors are earning big even with run-of-the-mill, utility-less tokens such as MBAPPE. One early buyer flipped $29 into $125k, a staggering 4330x returns.
It is therefore no surprise that high-utility meme coins such as Shiba Shootout are going viral.
The meme coin’s play-to-earn crypto game - Shiba Sharpshooter - is one of the key reasons behind the hype as investors continue to hunt for the next Notcoin or Hamster Kombat.
Experts are impressed with the engaging gameplay and in particular, the 5% token supply in rewards set aside for the gamers, which pans out to $2.2 million at the current presale price. They believe that the gamers will continue to drive the token price forward, even when the ongoing FOMO dies down.
Players will participate in the great crypto showdown, showcase their precision and timing in cowboy-themed duals and win free crypto.
The app is already live on both the App Store as well as Google Play, with thousands of downloads on both platforms. The game could go viral in the coming weeks, especially after the Hamster Kombat hype which has been sparked by the HMSTR airdrop announcement.
Rewards Galore For SHIBASHOOT Holders
The Shiba Sharpshooter game is only one of the reasons why experts are calling SHIBASHOOT the next 100x crypto. There is plenty of cowboy-themed perks for the non-gamers as well.
For instance, SHIBASHOOT holders can stake their coins in the meme coin’s Cactus Staking platform, which is currently offering a reward rate of over 800% APY.
Similarly, investors can participate in the Lucky Lasso Lottery, using their SHIBASHOOT coins to win big crypto prizes. A portion of the proceeds will also be allocated to charitable initiatives.
Shiba Shootout has also launched its refer-to-earn program, called Posse Rewards. Investors can create their unique referral links from the project website and receive 5% of all presale investments made through them.
It's OFFICAL!!"Posse Rewards" have been implemented on our website!!!Connect your wallet and share your unique code to earn a HUGE 5% on "all" your referrals purchases!! 💰 💰 💰 💸 💸 💸 https://t.co/Fxf9PWP0gz#cashback #referrals #cryptocurrency pic.twitter.com/Vn1yLJcKbn
— shibashootout (@shibashootout) August 20, 2024
Token holders will also play a key role in deciding the meme coin’s future roadmap. They can vote on key issues by participating in Token Governance Roundup. Even Shiba Inu has launched a similar initiative with its newly-announced DAO.
To top it all off, Shiba Shootout has adopted community-centric tokenomics. For instance, a significant 60% of the token supply has directly been allocated to investors - 35% in the form of the presale, 5% for the Shiba Sharpshooter game rewards and 20% for Cactus Staking.
Finally, 20% of the supply is allocated toward the project’s marketing efforts and the remaining 20% is evenly split between exchange liquidity and project funds.
Is Shiba Shootout The Next 100x Crypto?
Experts have plenty of reasons to be bullish on SHIBASHOOT - the strong presale demand, viral crypto game and attractive perks. Even the Wild West theme is unique in the meme coin space.
Unsurprisingly, popular crypto traders such as Michael Wrubel - who has over 312k YouTube subscribers - have been quick to recognize its potential, calling it the next 100x crypto.
After all, the US Federal Reserve is planning to cut interest rates aggressively from September. This is a decidedly bullish scenario for risk assets such as cryptocurrencies, in particular new meme coins.
If utility-less tokens such as MBAPPE can offer over 4300x returns, SHIBASHOOT’s 100x price projections don’t appear to be far-fetched.
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