Memecoins
An analysis of the latest meme coin on presale
DISCLAIMER: This article is a SPONSORED press release and does not constitute Finbold editorial content. Crypto assets/products carry significant risks. Do not invest unless you are willing to lose your entire investment. For a full disclaimer, please.
Meme coins such as DOGE, PEPE and WIF are still leading the market, all with double-digit gains in the first week of May.
Latest player Shiba shootinga Wild West-themed meme coin has also gained momentum during its pre-sale phase, raising nearly $300,000 so far.
With its growth community supportmany are curious to know whether Shiba Shootout will be able to eclipse major meme coin giants like Dogecoin and Shiba Inu, from which it draws inspiration, throughout the remainder of 2024.
Theme from the novel Wild West by Shiba Shootout
One of the key factors that distinguish Shiba Shootout from other meme coins is its distinctive Wild West theme. The project transports participants to a digital frontier where they can engage in “Shiba Showdowns” and join forces with legendary characters such as Marshal Shiba and the Shiba Sharpshooters. This engaging and fun theme has proven to be a significant attraction for investors looking for a new and exciting experience with meme coins.
The Wild West motif extends beyond simple aesthetics, as Shiba Shootout incorporates clever naming conventions and gamification elements into its ecosystem. Features such as the “Posse Rewards” referral program, “Lucky Lasso Lottery” and “Cactus Staking” not only add to the overall theme, but also provide engaging ways for participants to earn more tokens and become active members of the community.
Shiba Shootout presale
The ongoing Shiba Shootout presale has been very successful, having raised over $290,000 towards its current goal of $1 million. The current price of $SHIBASHOOT is $0.0189, with investors having the option to participate using ETH, USDT, or by connecting a BNB wallet. As the countdown to rising prices winds down, with four days to go, there is a growing sense of urgency for those securing their investment at the current rate.
Shiba Shootouts tokenomics is structured to drive both short-term expansion and long-term profitability. The 35% allocation to presale (770 million tokens) allows early backers to capture a share of the token supply by dedicating 20% to staking (440 million tokens). encourages extended holding periods and rewards contributors for their continued dedication to the project.
Additionally, the project has allocated funds for liquidity (10%), marketing (20%), and ongoing development (10%), ensuring that Shiba Shootout has the resources needed to grow and continue to innovate in the meme coin market.
Community involvement and rewards
One important factor that could give Shiba Shootout an edge over Shiba Inu is its emphasis on community involvement and rewards. The project offers users the opportunity to earn tokens and actively participate in the ecosystem.
The referral program called “Posse Rewards” incentivizes users to invite others to join the community, helping to grow and expand the reach of Shiba Shootouts. The “Lucky Lasso Lottery” introduces an element of thrill and luck, allowing participants to use their tokens for a chance to win prizes.
Additionally, the creative “Cactus Staking” feature allows users to stake their tokens in a way that aligns with the theme of the project, with rewards that increase over time like a cactus in the desert. This unique betting method does not promote long-term holding. Additionally, this unique staking method fosters engagement and connection with the project.
Shiba Shootout Price Prediction
Even in its phases, Shiba Shootout has outlined a clear road map of growth and expansion. The team is working to get listed on cryptocurrency exchanges, form partnerships within the community, and launch a Discord group just for token holders.
As Shiba Shootout progresses its plan, the project has the potential to attract an audience and position itself as a serious player in the realm of meme coins. With strategies in place for merchandise, educational materials, and aiming for Tier 1 exchange listings, Shiba Shootout is setting itself up for sustained success and widespread acceptance.
Make a comparison between Shiba Shootout and Shiba Inu
When evaluating whether the Shiba Shootout can overtake the Shiba Inu by 2024, it is critical to recognize the leadership and market dominance currently held by the Shiba Inu. As one of the most recognized and actively traded meme coins, Shiba Inu boasts a large user base and a strong presence on major exchanges.
However, with its theme, interactive community elements, and a focused roadmap, Shiba Shootout could pave its way into the meme coin landscape. As more investors eagerly explore the opportunities, Shiba Shootouts’ approach and growth potential could attract a loyal following.
It is not yet certain whether the Shiba Shootout can surpass the Shiba Inu in the future. The project’s initial results and promising plans indicate that it could emerge as a contender in the meme coin industry.