New memecoin to watch: $SHIB Shootout ICO takes aim at $1m milestone
The new Shiba Inu-themed memecoin, Shiba Shootout (SHIBSHOOT), is making waves as its presale surpasses $600k, inching closer to the $1m milestone
The new Shiba Inu-themed meme coin Shiba Shootout(SHIBSHOOT) is causing a stir today as its presale clears the $600k total raised mark, setting the project on its way to the key $1m milestone.
Combining the lore of Shiba Inu with crypto’s Wild West motif, Shiba Shootout is at the frontier of crypto’s memetic showdown.
Shiba Inu derivatives like Shiba Shootout are primed to explode
All eyes have been on SHIB recently, so It’s the perfect time for Shiba Inu-themed outlays to launch.
The $10 billion market cap joke coin has outpaced its most formidable competitor, Dogecoin, over multiple time frames. For instance, SHIB is up 19% this week, while Dogecoin is up 9%.
And taking a yearly outlook, Shiba Inu is up 113%, while Dogecoin is up 65%. It’s a decisive win for SHIB, but it is no surprise, given the token’s utility-centric approach.
While $DOGE focuses on pure memetics, Shiba Inu has multiple demand streams including a layer 2 blockchain, staking, NFTs, a decentralized exchange, and more.
With that, there’s a much clearer narrative for the community to rally behind, which has translated to substantial price growth. Other Shiba Inu-styled tokens like Bonk have also seen significant growth recently.
$BONK follows Shiba Inu’s tracks by incorporating utility alongside its memetic allure. Bonk’s utility is a trading bot, which has provided a new token demand and helped boost its price by 19% this week.
Meanwhile, Shiba Shootout is preparing for the biggest gains yet because the token remains in its presale phase. This enables investors to buy in at a fixed and discounted rate.
