Shiba Inu Holders Back New Meme Coin Project / Source: Cryptonews
Shiba Inu owners are starting to support a new meme coin project as the price of Shiba Inu (SHIB) struggles in a long-term downtrend. Some analysts are projecting gains of up to 10x or 1,000%.
Shiba Inu has been declining since reaching annual highs above $0.000045 earlier this year; it was last at $0.00001320.
Its 50DMA has been rejected twice in the last two months, indicating that the bears are still in complete control.
A retest of August lows under $0.000011 is on the cards in the weeks ahead.
Its no surprise then that Shiba Inu holders are looking for alternatives, with one new meme coin project called Shiba Shootout (SHIBASHOOT) receiving a lot of attention.
New meme coin project Shiba Shootout is a Wild West-themed play-to-earn (P2E) game that has already launched on Google Play and the Apple App Store.
Shiba Shootout is holding a presale of its native SHIBASHOOT token to fund its continued development and marketing efforts.
The presale has been a blockbuster success, raising over $1.1 million in early investment.
#ShibaShootout is more than a meme coin 🤠
— shibashootout (@shibashootout) September 7, 2024
it’s a wild adventure! Saddle up and join the fun with our creative community, unique tokenomics, and exciting crypto ride. 🔥
Let’s hit the crypto frontier together! 🚀🌕 pic.twitter.com/dHX1UfDPU5
New Meme Coin Project Shiba Shootout – Analysts Predict Big Gains
Given that numerous analysts and cryptocurrency influencers have predicted significant things for the token, it is not surprising that investors are scrambling to acquire SHIBASHOOT.
Popular presale analyst Jacob Crypto Bury thinks the coin has 10x potential in a recent YouTube video.
ClayBro, meanwhile, told his 130,000 subscribers on YouTube that new meme coin project Shiba Shootout could be poised for 20x gains.
Shiba Shootout is regarded as one of the greatest presales to purchase right now by analysts at Cryptonews.com, who also believe it has a lot of potential.
Shiba Shootout – Also a Passive Income Gem?
Pre-sale funds totaling 35% of the SHIBASHOOT token supply have been set aside.
Meanwhile, an additional 20% has been set aside for rewards for presale investor staking.
That means new meme coin project SHIBASHOOT is not only one of the most promising P2E games right now, but it is also a passive income gem.
Per the project’s official website, presale investors can stake their tokens for a yield of around 858% APY.
At that staggering rate, a presale investor could double their SHIBASHOOT bag in just a few weeks.
🚀 Ready for the $SHIBASHOOT presale? 🎯
— shibashootout (@shibashootout) September 6, 2024
1️⃣ Get a crypto wallet
2️⃣ Visit our website’s presale section
3️⃣ Connect your wallet
4️⃣ Swap your crypto for $SHIBASHOOT tokens
🔗 Detailed info & schedule on our site. Don't miss out on this digital duel! 🌐https://t.co/Fxf9PWPy67 pic.twitter.com/B0gWNh62v1
Interest buyers can easily join the presale.
All they need to do is head over to the Shiba Shootout website, connect their wallet, and buy using ETH, USDT, or BNB. Bank cards are also accepted.
Prospective investors are encouraged to move quickly before the presale ends.
Connect with the new Shiba Inu project, Shiba Shootout, on X and Telegram for timely updates.