New utility-based memecoin Shiba Shootout nears $500k at presale

Investors are eyeing Shiba Shootout as it launches its presale, raising almost $500k in its opening stretch, and captivating enthusiasts with its Wild West theme.

Crypto investors are queuing up as Shiba Shootout (SHIBASHOOT) launches a presale and raises almost $500k in its opening stretch. Carrying a Wild West theme, the project has proven a fan favorite since launching its presale.

And with the presale in high order, it is apparent that investors are bracing for big gains once the token launches on exchanges later in 2024.

Shiba Shootout is the wild west memecoin with real utility

Given the frontier spirit of crypto enthusiasts, it’s fitting to have a Wild West-themed memecoin. But that’s not the only reason this Shiba Inu-inspired token is gathering hype.

Here’s the rundown: picture Shiba Inu characters galloping around on horseback and engaging in classic western standoffs. It’s a concept with real memetic potential. 

But now, imagine that concept is just the face of a vibrant ecosystem with multiple utilities. That would be massive – and that’s precisely what users have with Shiba Shootout.

The developers have their eyes on a blockchain-based game where players’ progress is tied to real crypto rewards. There’s also the “Cactus staking protocol,” which allows the Shiba Shootout community to lock up their tokens and generate passive rewards.

These two features alone position Shiba Shootout above its memecoin peers, but there’s much more. For instance, it offers a referral program, “Posse Rewards,” which incentivizes users to refer others to the presale.

Other notable utilities that the project’s whitepaper mentions include Campfire Stories, on-chain voting, and a lottery with charitable initiatives.

While its memecoin face causes a buzz, Shiba Shootout’s utilities provide real staying power.

Investors sink $500k into the SHIBSHOOT presale 

With the Shiba Shootout presale nearing the $500k milestone, investors are readying to secure tokens at $0.0194.

The presale price is expected to incrementally increase, with the next uptick occurring in just over one day or when the total raise hits $1.2 million.

Buying into the presale is easy. Investors can use ETH, USDT, BNB, or bank card. Buyers will receive their tokens once the presale ends.

There are also exciting plans on the project’s roadmap. It starts with CoinMarketCap and CoinGecko listings, alongside community growth. But phase 2 is where things start to look interesting, with CEX listings and 10,000 holders targeted.

The project’s tokenomics are also well-structured. 30% of the tokens are earmarked for the community via the presale. They will also receive another 20% in staking rewards.

The remaining tokens will be split between project funds, liquidity, marketing, and the “Rootin’ Tootin’ Shooter Fund.” It’s an outline that encourages long-term growth while ensuring there’s always funds for the community.

How Shiba Shootout became famous on social media 

With approximately $500k raised in its presale, there is an undeniable buzz circulating Shiba Shootout.

A lot of this stems from its immediate coverage on social media. With its outlandish Wild West foundation and a plethora of utilities, leading industry analysts wasted no time getting involved.

Michael Wrubel, who boasts over 300k subscribers, proclaimed the presale as “the next 100x Shiba Inu.”

He then explained why it has potential: “It’s mimicking the success of Shiba Inu… but the thing about this project is its ideas of utility, which separates it from many other memecoins.”

Considering Wrubel’s massive audience, this could be a huge boon for SHIBSHOOT. And with the wider memecoin market regaining pace, the stage is set for Shiba Shootout to have an explosive market debut.

In an economic landscape where investors vie for outsized returns, Shiba Shootout could be the memecoin to lead crypto’s next rally.

Interested users can join the project’s fast-growing community on Telegram or follow its X account to stay updated. Alternatively, they can visit its website to buy and stake tokens.

To learn more, visit Shiba Shootout Presale.