New meme coin Shiba Shootout has seen a notable increase in media attention, reflected in the growing demand for its presale tokens.
Initially raising about $400k in its first three months, the project has now managed to double that amount within a month, thanks to this recent surge in popularity.
P2E Meets the Doggone Wild West
Shiba Shootout’s theme combines the Wild West with the Shiba Inu meme, appealing strongly to the memecoin audience. The project’s innovative approach of placing the iconic doge in a Play-to-Earn (P2E) wild western combat setting has captivated the crypto community. This creative blend of nostalgia and meme culture is designed to attract both crypto enthusiasts and meme lovers alike.
The Shiba Shootout presale was introduced a few months ago when the speed at which the tokens were being sold was comparatively slow. But this has changed since, as mentioned before, making investors bullish on their presale token purchase.
Despite the dip in the Bitcoin price and crypto prices in general this week, the newly surging support for Shiba Shootout has remained strong, with funds steadily flowing into the presale.
Step 1: How to become a millionaire 💸💡
Step 2: Buy $SHIBASHOOT 🚀📈#Shibashoot #Shibashootout #Memecoins #Crypto pic.twitter.com/C1SSZU2WKJ— shibashootout (@shibashootout) August 1, 2024
To date, the presale has successfully raised over $880k and is likely to cross the $1 million mark soon. The presale is conducted in stages with increasing prices, meaning early investors can acquire tokens at a lower cost.
Once the presale concludes, buyers can claim their SHIBASHOOT tokens, which they will also stand to receive as rewards when they play the game, which is the primary use case of the project. The community’s engagement and the project’s high rating among new meme coins has led many to believe the presale may end sooner than expected.
An Exciting Roster of Characters, Coupled With Impressive Design
As mentioned before, the core of Shiba Shootout is its engaging P2E mobile game, also called Shiba Sharpshooter. Players immerse themselves in dramatic duels, where timing and precision are crucial.
The game promises an exhilarating experience, with SHIBASHOOT tokens enhancing players’ abilities and also serving as the overall foundation of the platform. The upcoming Web3 app is eagerly anticipated by the community, adding another layer of excitement to the project.
The project’s universe consists of characters and components like:
- Marshal Shiba: Legendary and quick-witted, Marshal Shiba leads the charge, rallying Shiba Inu supporters for the ultimate showdown.
- Shiba Sharpshooters: Skilled crypto enthusiasts and meme creators who ride alongside Marshal Shiba, providing support and adding to the game’s fun.
- Shiba Gulch: This digital settlement is a hub for challenges, meme-sharing, and showdowns, echoing with the clinking of virtual coins and camaraderie.
Utility and Community Engagement
Shiba Shootout offers a range of utility features that enhance its appeal, which seems to have struck a chord with the community as well. Its Posse Rewards program allows participants to earn bonus tokens by inviting friends. Campfire Story sessions are another feature, enabling community members to share their crypto experiences.
Governance Roundups also form an important part and give token holders a say in project decisions. Finally, the Lucky Lasso Lottery system offers chances to win big prizes, with a portion supporting charitable initiatives. There is a staking facility as well, that players can leverage to enjoy high APY rates on their holdings, with the yield currently being approximately 1000%.
Popular crypto YouTuber Jacob Crypto Bury has highlighted these use cases, suggesting they could contribute to the project’s success. His endorsement adds credibility, drawing more attention from the crypto community.
Tokenomics: A Strategy for Sustained Success
Shiba Shootout’s tokenomics are crafted with a focus on sustainability and strategic allocation.
The total token supply is distributed across several key areas: 35% for presale (770,000,000 tokens), 20% for staking (440,000,000 tokens), 5% for the Rootin’ Tootin’ Shooter Fund (110,000,000 tokens), 20% for marketing (440,000,000 tokens), 10% for project funds (220,000,000 tokens), and 10% for liquidity (220,000,000 tokens).
This distribution strategy ensures ample resources for rewarding early supporters, maintaining liquidity, and funding marketing efforts. Developers have also been receiving appreciation for their swift progress in meeting roadmap milestones, which further demonstrates their dedication to the project’s long-term success.
A Bullish Community and a Bright Future
The community’s bullish sentiment towards Shiba Shootout has been a significant driver of its recent success. The sudden surge in demand for presale tokens suggests that the project could surpass the $1 million mark within days or weeks. This strong support is indicative of a belief in the project’s potential.
As the presale progresses, the community eagerly anticipates the project’s launch, expecting significant developments. Priced at just about $0.0198 per token, SHIBASHOOT may be at the best price level right now to stock up on.
If the project presale ends with the same level of demand, then it may not be unlikely for the launch to pump right after. This traction could result in a string of exchange listings, that could also lead to the token gaining more exposure, meaning further increase in valuation.
If you wish to learn more about the project or simply keep up with its developments before planning to buy, then you may follow their social media channels on Twitter and Telegram.
