Shiba Shootout’s $500k Milestone Has Investors Talking - Next Big Meme Coin? (2024)

Since the prices of some leading memecoins took a hit, investors have been actively looking for high-potential projects to get into. This has led many to stumble upon Shiba Shootout, which its community claims is a 100x meme coin gem still in its presale phase.

The new project has organically amassed a huge community and has managed to raise over $580k so far in the early stages of its presale, which has led to the project now trending on several social media channels.

An Immersive Storyline Referencing the Wild West Theme

Shiba Shootout’s presale kicked off in late April at shibashootout.com, capturing investors’ attention from the very start due to its exciting storyline and theme.

The project follows the popular and beloved Shiba Inu mascot in various avatars within the Wild West setting. The story is set in a town called Shiba Gulch, shown as a bustling digital settlement where enthusiasts gather for challenges, meme-sharing, and the excitement of the showdown.

It boasts characters like Marshal Shiba, who is rallying Shiba Inu supporters for an ultimate showdown, and Shiba Sharpshooters, a group of talented crypto enthusiasts and meme creators riding alongside Marshal Shiba. The project aims to create an entire virtual world with the theme, featuring a game that will follow the storyline and continue it after its launch.

https://x.com/shibashootout/status/1810261663087571323

The social media community of the project has been quite active in posting tweets and stories that highlight the potential of the project. Some seem to be more excited about the theme, while others are focused on the utilities and how they could help the project grow.

Shiba Shootout – Next Big Meme Token?

One of the most highlighted elements that has helped the project gain attention is its focus on providing value to user investments with utility features.

For instance, the project includes Token Governance Roundups, which allow token holders to participate in regular voting sessions on key project decisions, ensuring a decentralized governance system reminiscent of a Wild West town.

The Posse Rewards program is another offering, incentivizing community growth by rewarding both referrers and new members with bonus tokens.

Community engagement is further encouraged through Campfire Stories, where members share their crypto and meme coin experiences, with the most entertaining stories earning token rewards. These are just a few of the multiple utility integrations that the project has revealed already.

The Lucky Lasso Lotteries is a feature that allows participants to purchase tickets using Shiba Shootout tokens for a chance to win significant crypto prizes, with a portion of the proceeds supporting charitable initiatives.

Savings Saddlebags promotes financial discipline and long-term holding by allowing users to automatically allocate a percentage of their tokens to a dedicated wallet, earning extra tokens as rewards.

In addition to these features, the project also lets investors stake their tokens, which, given its early phase, is offering an impressive APY rate of more than 1000%.

Investors Rush to Buy SHIBASHOOT at a Discounted Price

Since it is still in the presale phase, investors can get their hands on the token at a low price of just $0.0194 per token right now.

They have the option to purchase the token using ETH, BNB, or USDT. Card payments are also supported, allowing a wider audience to get their hands on the token before it gets launched on exchanges.

With an ambitious roadmap and a team that is actively trying to engage with its community, Shiba Shootout’s growth potential seems to be rising constantly. It is already featured on some of the top crypto news publication websites like Binance Square, The Coin Republic, CityPaper, and The Bit Times, among others.

Popular crypto YouTubers have also covered it, offering positive opinions about the project and its likelihood of pumping after launch.

ClayBro, whose YouTube channel boasts 130k subscribers, made a video on the project and its potential, highlighting the impressive staking rewards and other features available to presale buyers.

With its presale target likely to hit soon, exchange listings may also be on the cards, providing another reason to buy soon, as exchange listings are often followed by price rises for new memecoins.

To learn more about the project, follow Shiba Shootout’s social media channels on Telegram and Twitter.

Visit Shiba Shootout

Disclaimer This article is a paid publication and does not have journalistic/ editorial involvement of CoinGape. CoinGape does not endorse/ subscribe to the contents of the article/advertisem*nt and/or views expressed herein. Do your market research before taking any actions . The author or the publication does not hold any responsibility for your personal financial loss.