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A new meme coin project is bringing the Wild West spirit to the crypto industry.
The Shiba Shootout token is in high demand and has raised nearly $500k during its ongoing presale.
Its cowboy charm has also piqued the interest of deep-pocketed investors and popular crypto influencers, several of whom are openly bullish on the project.
A few experts are even anticipating 100x gains, which could result in this meme coin reaching $1 in the long term.
Shiba Shootout – The Wild West Meme Coin
The Shiba Inu dog is an iconic character in the crypto-sphere and is the theme behind several meme coins, including both Dogecoin and Shiba Inu.
However, Shiba Shootout has provided it with the Wild West touch, giving way to new legendary characters such as Marshall Shiba and his sidekicks, the Shiba Sharpshooters.
Indeed, this innovative project could create a new meta in the meme coin market. Rather than basing a token on a single mascot, Shiba Shootout has created a fictional world, filled with creativity, competition and camaraderie.
The project’s whitepaper aptly describes its mission – “In this digital Wild West, the Shiba Shootout meme coin project was more than a rivalry; it was a celebration of the untamed frontier spirit, where innovation, collaboration, and a touch of cowboy flair ruled the day. As the legend of ShibaShootout spread far and wide, crypto enthusiasts from across the globe saddled up and rode into the digital sunset, ready to make history in the ultimate Shootout of the Wild West crypto world.”
Cowboy-themed Rewards In Store For Investors – Cactus Staking, Lasso Lotteries
Themes are important for successful meme coins and so are exciting utilities that can attract retail investors and smart-money traders alike. Shiba Shootout excels in both.
Indeed, the new meme coin offers wide-ranging rewards for token holders, with Cactus staking being the prime attraction. Investors can stake their holdings beginning from the presale itself and receive staking rewards for it. According to the Shiba Shootout staking dashboard, presale buyers are currently enjoying a reward rate of over 2200%.
Holders can also earn passive income through Saving Saddlebags – a scheme in which they can lock their tokens for a period and earn bonus SHIBASHOOT rewards. Similarly, investors can invite their friends to join the community through their referral link and receive “Posse Rewards”.
It is important to note that Shiba Shoout’s utilities not only reward investors but also play a crucial role in increasing the token value. For instance, Cactus staking and Saving Saddlebags reduce the selling pressure on the meme coin, while Posse Rewards is expected to amass a sizable community backing.
There are other community-building activities as well, including the regular Campfire Stories sessions. Participants can share their craziest crypto and meme coin experiences and earn attractive rewards.
Additionally, they can participate in the Lucky Lasso Lotteries or the Token Governance Roundups. Interested buyers can read all about Shiba Shootout’s monetary benefits in its whitepaper.
Will This Meme Coin Reach $1?
Experts remain confident that the Dogecoin price will reach $1 during this bull cycle. The top meme coin’s all-time high stands at $0.74 and considering cryptocurrencies tend to outperform their previous cycle peaks, $1 continues to be an achievable target for DOGE.
Dogecoin’s bull rally would likely result in investors searching for other Shiba Inu-themed tokens that can reach $1 and Shiba Shootout could be a top contender.
With its cowboy charm and plethora of monetary incentives, SHIBASHOOT is already on its way to becoming a fan favourite. The developer team behind the project is also not lacking in ambition and is aiming for over 100,000 token holders, according to the Shiba Shootout roadmap.
As previously mentioned, experts are already bullish on SHIBASHOOT’s upside potential. Both Michael Wrubel and Yellow Trades are anticipating 100x returns after its launch.
Considering that Shiba Shootout is currently priced at just $0.0194 during the ongoing presale, this could mean that the meme coin will potentially reach $1 in the long run.
How To Buy Shiba Shootout In The Presale?
The Shiba Shootout presale has adopted a multi-tier fundraising structure in order to reward the early buyers.
As a result, the meme coin’s price will increase after each presale stage, with the next hike scheduled for tomorrow on Thursday. Investors aiming for the maximum returns therefore need to buy the token as early as possible.
Interested buyers can visit shibashootout.com and connect their crypto wallets using the over-the-counter widget. They can then swap ETH, BNB or USDT in exchange for SHIBASHOOT or make a direct purchase with a bank card.
Buyers should also follow the project’s X and Telegram accounts to keep up with the latest updates.
*Cryptonomist did not write the article or test the platform.
