Floki Faces New Memecoin Challenger as Shiba Shootout Raises $1M in Presale, Catching Floki's Top Fans' Eye

Floki has had a successful year – but a new memecoin is stealing its thunder. Presale token Shiba Shootout (SHIBASHOOT) has already raised $1 million and drawn attention from a prominent Floki community member.

A new memecoin, Shiba Shootout (SHIBASHOOT), has entered the scene, capturing the attention of prominent Floki community members and amassing over $1 million in presale tokens.

As Floki (FLOKI) continues to experience remarkable success, evidenced by a 624% price surge over the past year, a development that has been largely attributed to its status as a “memecoin with utility,” thanks to the integration of its Valhalla game, it appears that another memecoin is preparing to take the baton and run with it.

Enter Shiba Shootout, a new Play-to-Earn (P2E) memecoin that has attracted the attention of Michael Wrubel, a trader with over 300K YouTube subscribers, who is known for his bullish stance on Floki.

In a recent video, Wrubel expressed his belief that Floki could follow in the footsteps of Dogecoin (DOGE) or Shiba Inu (SHIB) to become a leading memecoin.

“I’m expecting Floki to be the next Dogecoin or Shiba Inu. It’s added so much utility and become so much more than a meme coin,” he said.

However, given that Floki’s market capitalization has already reached $1.1 billion, its upside potential is inherently limited.

This has led Wrubel to explore other alternatives, such as Shiba Shootout, which he believes has the potential to 100x.

“I found the next 100x Shiba Inu. I’m fully aped into the presale. The cool thing about it is that it mimics the success of Shiba Inu. Many projects have done this in the past, and it’s a very proven way to launch,” he said.

Shiba Shootout, like Floki, is aiming to offer a wide range of utilities within its ecosystem, including a P2E game, which appears to be the primary factor driving investment in the presale tokens.

But how does Shiba Shootout’s P2E game stack up against Floki’s Valhalla game?

Floki’s Valhalla game, a Viking-themed open-world experience, has played a significant role in the token’s recent success, contributing to a 624% price surge over the past year.

The game, which features elements such as exploration, combat, clan creation, quests, and interaction within a persistent game world, has attracted a large following among gamers.

According to the game’s website, there are currently 8,036 active players, and the game has processed over 400,000 transactions.

Meanwhile, Shiba Sharpshooter, the P2E game offered by Shiba Shootout, is set in Shiba Gulch, a digital settlement with dusty streets and horse-riding Shiba Inu dogs.

The game involves engaging in epic gun battles, where timing and precision are crucial to emerging victorious.

It’s an intense draw-and-shoot game that aims to captivate players and create a large following.

Despite being in the presale stage, the Shiba Shootout team has already launched a beta version of the game on the App Store and Google Play Store, enabling fans to experience the frontier excitement firsthand.

While both Floki and Shiba Shootout offer P2E games, there’s a substantial difference in terms of market capitalization.

Floki has a market cap of $1.1 billion, while Shiba Shootout has only raised just over $1 million — nearly 1,000x less.

This disparity could potentially drive a significant price differential moving forward.

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