Shiba Shootout (SHIBASHOOT) – Why Is This Meme Coin Trending?

A new dog meme coin is going viral, with some analysts even labelling it as one of the best crypto to buy now.

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A new dog meme coin is going viral, with some analysts even labelling it as one of the best crypto to buy now.

Shiba Shootout (SHIBASHOOT) continues to see strong interest from meme coin investors and has now raised over $1 million in its presale.

#SHIBASHOOT to the moon! ??We've just crossed the $1M mark! ?The momentum is incredible! ?

Huge thanks to our amazing community! ? pic.twitter.com/ZkVaJSCioA

With its unique Wild-West theme, thrilling play-to-earn game and attractive cowboy-themed rewards, SHIBASHOOT has caught the attention of several deep-pocketed investors, some of whom are targeting as much as 100x returns.

Shiba Shootout – Why Is This Meme Coin Trending?

Shiba Shootout provides a unique Wild-West twist to the iconic Doge meme, with legendary characters such as Marshal Shiba and his trustee sidekicks.

New and catchy themes are in high demand in the meme coin space. For instance, several whales and hedge funds invested in Dogwifhat, largely because “the dog wore a hat”.

Now these cowboy-hatted sharpshooters roaming in the town of Shiba Gulch have caught the eyes of meme coin enthusiasts.

However, Shiba Shootout is a high-utility meme coin, much like Floki. Instead of relying solely on its unique packaging, it is building a strong community backing with attractive perks and in-demand utilities.

For instance, SHIBASHOOT is ideally placed to capitalize on the GameFi hype that has been sparked by Notcoin and Hamster Kombat’s success. Its thrilling Shiba Sharpshooter game is already live on the App Store and Google Play, with thousands of downloads across both platforms.

In fact, this new game appears to be far more engaging than Notcoin’s tap-to-earn. Players can participate in the great crypto showdown, engage in duals and win $SHIBSHOOT tokens.

As per the Shiba Shootout whitepaper, 5% of the token supply has been set aside for the gamers. At its current presale price of $0.02, this pans out to $2.2 million in prizes for the players, a fact that has impressed experts.

However, there are plenty of cowboy-themed perks in store for the non-gamers as well. There is the refer-to-earn Posse reward, Lucky Lasso Lottery and Campfire Story Sessions, all of which offer investors the chance to earn free crypto. Read more about these perks in the Shiba Shootout whitepaper.

If this isn’t enough, Shiba Shootout has its own staking program – Cactus Staking – which offers passive income at a much higher rate than the industry average. In fact, presale SHIBSHOOT buyers are currently enjoying a reward rate of nearly 900%.

With the plethora of monetary perks available, it is no surprise that the experts are including Shiba Shootout in their lists of the best crypto to buy now.

Is SHIBASHOOT The Best Crypto To Buy Now?

Investors looking to maximize their returns in the coming bull run cannot underestimate new, low-cap meme coins like Shiba Shootout.

With its rewarding play-to-earn game, attractive rewards and strong early demand, it is no surprise that some experts believe SHIBASHOOT could offer up to 100x returns.

Meme coins with much less value have offered substantially higher returns. For instance, data from Lookonchain reveals that one trader turned $29 into $125k by investing early in MBAPPE, a low utility token that later crashed.

This guy who trades #MEMEcoins like buying lottery tickets finally hit the 4,330x jackpot!

He spent 0.2 $SOL($29) to buy $MBAPPE and sold it 3 minutes later for 866.13 $SOL($125.16K), a 4,330x return!

Over the past month, he traded 251 MEMEcoins, investing 0.1 $SOL, 0.2 $SOL,… pic.twitter.com/hreNVUcyEF

Therefore, it is not far-fetched to project that a high-utility, low-cap meme coin like Shiba Shootout could potentially offer 100x returns

Even popular crypto YouTube channels such as 99Bitcoins – which has over 700k subscribers – have speculated on the possibility of up to 100x returns.

These experts believe that Shiba Shootout is one of the best crypto to buy now for sidelined investors, especially in light of the upcoming meme coin mania.

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