Meme coins like DOGE, PEPE and WIF are still leading the market, all with double digit gains in the first week of May.
Newest player Shiba Shootout, a Wild West-themed meme coin has also been gaining momentum through its presale phase, raising close to $300k so far.
With its growing community support, many are curious about whether Shiba Shootout can outshine the top meme coin giants like Dogecoin and Shiba Inu, which it takes inspiration from, throughout the rest of 2024.
Shiba Shootout’s Novel Wild West Theme
One of the key factors setting Shiba Shootout apart 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 like Marshal Shiba and the Shiba Sharpshooters. This immersive and entertaining theme has proven to be a significant draw for investors looking for a fresh and exciting meme coin experience.
The Wild West motif extends beyond just aesthetics, as Shiba Shootout incorporates clever naming conventions and gamification elements into its ecosystem. Features like 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 presale of Shiba Shootout has been highly successful, having raised over $290k towards its current stage target of $1M. 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 the price hike ticks down with four days remaining, there is a growing sense of urgency for those securing their investment at the current rate.
Shiba Shootouts tokenomics are structured to foster both short term expansion and long term viability. The allocation of 35% in the presale (770 million tokens) allows early supporters to acquire a share of the token supply while dedicating 20% for staking (440 million tokens). encourages extended holding periods and rewards contributors for their ongoing dedication to the project.
Furthermore, the project has set aside funds for liquidity (10%), marketing (20%), and ongoing development (10%), ensuring that Shiba Shootout has the necessary resources to grow and continue innovating in the meme coin market.
Engagement with the Community and Rewards
An important factor that could give Shiba Shootout an edge over Shiba Inu is its emphasis on community engagement and rewards. The project provides opportunities for users to earn tokens and actively participate in the ecosystem.
The referral program called “Posse Rewards” incentivizes users to invite others to join the community, contributing to growth and expanding Shiba Shootouts reach. The “Lucky Lasso Lottery” introduces an element of thrill and chance, allowing participants to use their tokens for a chance to win prizes.
Additionally, the creative “Cactus Staking” feature enables users to stake their tokens in a way that aligns with the project theme, with rewards increasing over time like a cactus in the desert. This unique staking method does not promote long term holding. Additionally, this unique staking method fosters engagement and connection with the project.
Shiba Shootout Price Prediction
Although in its phases, Shiba Shootout has outlined a clear roadmap, for growth and expansion. The team is working towards getting listed on cryptocurrency exchanges, forming partnerships within the community, and launching a Discord group only for token holders.
As Shiba Shootout progresses through its plan, the project has the potential to draw in 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 lasting success and widespread acceptance.
Drawing a comparison between Shiba Shootout and Shiba Inu
When evaluating whether Shiba Shootout can surpass Shiba Inu by 2024, it’s crucial to recognize the lead and market dominance currently held by Shiba Inu. Being one of the most recognized and actively traded meme coins, Shiba Inu boasts a large user base and a strong presence on major exchanges.
Nevertheless, with its theme, interactive community elements, and focused roadmap, Shiba Shootout could pave its path within the meme coin landscape. As more investors explore opportunities with enthusiasm, Shiba Shootouts approach and potential, for growth could attract a loyal following.
It is yet uncertain if Shiba Shootout can surpass Shiba Inu in the future. The project’s initial achievements and promising plans indicate that it could emerge as a contender in the meme coin sector.
