The post While Shiba Inu Fails to Surge from Slump, This Meme Coin Could Be the Next to Pump appeared first on Coinpedia Fintech News
Shiba Inu is struggling to rise from its recent slump. But there’s a new contender called Shiba Shootout and it’s standing out.
This new meme coin has a creative Wild West theme. The community has also shown its support, with over 470,000 raised in just a few weeks.
The impressive numbers are making Shiba Shootout the talk of the town. Let us find out why $SHIBASHOOT has more chances of pumping than Shiba Inu itself.
What is Shiba Shootout?
Shiba Shootout is a new meme coin project that has taken inspiration from the Wild West theme. The coin combines elements of creativity, strategy, and community engagement, all wrapped up in a cowboy theme.
The project’s native token is $SHIBASHOOT. The toke offers high staking rewards and various interactive features.
What makes the project unique is its theme and storyline. The Shiba Shootout community gathers in a digital town called Shiba Gulch. This is where users can participate in events, challenges, and meme battles.
The greatest feeling ever! #Shibashoot #Shibashootout #memecoins #Altcoins #Crypto #Web3 pic.twitter.com/ApvDsWrwbi
— shibashootout (@shibashootout) June 27, 2024
The main character is Marshal Shiba. This character is the leader of the community. Community members are called Shiba Sharpshooters.
They play a crucial role by creating memes and participating in events. This vibrant and interactive setup ensures that the Shiba Shootout remains lively and engaging.
Shiba Inu Struggling After the Recent Price Slump
Shiba Inu (SHIB) has faced major challenges in recent months.
The price slump after the FUD of the Mt. Gox Bitcoin distribution has brought Bitcoin below $60,000 for a brief period.
This has brought the altcoin price down, including Shiba Inu. Currently, Shiba Inu is trading at the $0.000017 level and has erased most of its gains from March.
Source: CoinMarketCap image showing SHIB price surge in March 2024
This downturn is probably the reason why meme coin investors are looking for the next big opportunity.
With its theme and engaging community activities, Shiba Shootout might potentially attract the next line of investors.
Shiba Shootout Features
Shiba Shootout stands out not only for its Wild West theme but also for its notable features that are attractive to investors. Here are some of the key features:
High Staking Rewards: Shiba Shootout offers high staking rewards for those who hold and stake $SHIBASHOOT tokens. The reward rate of over 2,000% provides an opportunity for passive income. The staking mechanism is called cactus staking. In this mechanism, the cactus grows as users stake their tokens.
Interactive Community: The community aspect of Shiba Shootout is one of its strongest points. Members can participate in various activities such as Posse Rewards, Campfire Stories, and Token Governance Roundups. These activities foster a sense of belonging and engagement, which is important for any coin.
Token Governance: Shiba Shootout has a governance system that allows token holders to vote on key project decisions. This democratic approach ensures that the community has a say in the project’s future.
Lucky Lasso Lotteries: The project also has a lottery system where users stand a chance to win crypto prizes. Investors can use the code ‘Savings Saddlebags’ to automatically keep aside a percentage of tokens as savings, which will be locked.
Why should investors pay attention?
As Shiba Inu is struggling to reclaim the previous yearly highs, Shiba Shootout has entered as a potential alternative option.
With its engaging Wild West theme, high staking rewards, interactive community, and commitment to charitable causes, Shiba Shootout offers something fresh for meme coin traders.
As the market looks for the next big rally, Shiba Shootout has already raised over $470,000 out of the target of $1,219,117 in the ongoing presale.
With CoinGecko/CoinMarketcap listing planned for phase 1 and the CEX listing in phase 2 of the roadmap, $SHIBASHOOT can easily pump if it makes its way to an exchange listing.
You can head to their website to check out their ongoing presale. Purchases can be easily made using ETH, USDT or a card.
Join the Shiba Shootout Today!X | TELEGRAM | WEBSITE