The post Forget DOGE and SHIB: Shiba Shootout is the Meme Coin to Watch this Season appeared first on Coinpedia Fintech News
A new project is taking over the meme coin market with a unique Wild West flavour.
Shiba Shootout is a play-to-earn setup that takes place in the dusty streets of Shiba Gulch.
$SHIBASHOOT is the token at the heart of Shiba Shootout. The presale of the native crypto just sold out, raising over $1 million from gamers and investors eager for a slice of the action.
What sets Shiba Shootout apart from the countless meme coins out there? Here is an analysis.
Investors are Thinking Beyond Meme Coin Giants
Dogecoin and Shiba Inu are the biggest meme coins ever. They have their market caps in the billions. Although these tokens are iconic, they often pale in comparison to the price performance of top new cryptos.
For context, they are still far away from their all-time highs. New meme coins, on the other hand, make ROIs in four- and five-digits for new investors.
Dogwifhat, Cat in a Dogs World, Brett, Degen, Popcat, and Neiro are just a few examples of the trend.
The reason is quite straightforward. New meme coins have lower initial market caps. That leaves them more room for returns.
Dogecoin has a lifetime ROI above 65,000% according to CoinMarketCap. But new investors who expect to generate anywhere close to that from DOGE at the current price levels are going to be deeply disappointed.
Promising new meme coins, on the other hand, have a shot at multifold gains. Shiba Shootout belongs to this category.
What Makes $SHIBASHOOT Stand Out?
There is no dearth of meme coins. There are more meme coins than one can keep track of. So what makes $SHIBASHOOT a promising candidate among the crowd?
To understand that, we need to look beyond the token’s meme coin exterior.
Shiba Shootout has more going on for it than its catchy SHIB label.
The project is set against the backdrop of Shiba Gulch, a digital Wild West that hosts daily showdowns. Here, players face off in meme-inspired duels under the watchful eyes of Marshal Shiba.
The project is designed to turn meme hype into something fun, interactive, and rewarding for users. The best part? The first version of the game is already live on Android and iOS, giving investors a taste of what’s to come. The full-fledged version will launch soon.
In a niche where most candidates start with a flash and then disappear just as quickly, the P2E meme coin has high relevance. It stands apart from most crypto projects that take months to roll out their products.
Community Features to Keep Things Lively
Despite being a play-to-earn crypto with gaming utility, Shiba Shootout focuses on keeping the community engaged. Here are some of the key features of its community engagement initiatives:
- Posse Rewards: Earn extra tokens for bringing friends into the fold.
- Campfire Stories: A forum for sharing fun crypto stories and building camaraderie in Shiba Gulch.
- Token Governance Roundups: Have a say in important project decisions and help steer the project’s future.
- Lucky Lasso Lottery: For those with a love of risk.
In addition to these, Shiba Shootout has launched a passive income mechanism called Cactus Staking. The feature lets users stake their $SHIBASHOOT tokens to earn passive income. The cactus grows in the virtual desert as investors accumulate more passive rewards.
Shiba Shootout has also taken steps to establish credibility. It recently completed a security audit with SolidProof. The results are available on its website. Transparency helps build trust in a market flooded with empty promises.
How High Can SHIBASHOOT Go?
With the presale sold out, Shiba Shootout is preparing for exchange launches. As it aligns with the crypto bull markets, the token price is expected to surge multifold. The intensity will depend on the broader market trends.
The upcoming launch of the P2E game could catalyse the price action.
As the market enters a bullish 2025, Shiba Shootout could be one of the top cryptos at the forefront of the meme coin rally. In addition to the playful edge that meme coins are known for, the project offers a real utility that makes it a potential long-term investment.
To learn more, visit the official website.
Follow Shiba Shootout on X (Twitter) and Telegram to stay updated about the latest project updates.
