Shiba Shootout ($SHIBASHOOT) Raises Nearly $1M as Meme Coins See a Rough Period

The second largest meme coin, Shiba Inu, had a rough period behind it. SHIB was hit hard with the recent crash of the Japanese market, and the large crypto

Shiba Inu, the second-largest meme coin, has had a rough couple of weeks behind it.

SHIB was hit hard with the recent crash of the Japanese market, and the large crypto sell-off by the German government. Resulting in a over 21% price decline for SHIB.

These two events pulled out a large number of institutional investors with them, which pushed away traders from risky assets like meme coins.

The only sector that managed to go unscathed was the presale market.

Now that the effects from the crash calmed, investors are only putting their trust and money into ICOs like Shiba Shootout ($SHIBASHOOT).

And the numbers are backing this claim up – SHIBASHOOT managed to raise nearly $1 million during this dip.

Let’s take a closer look.

P2E Meets the Wild West with Shiba Shootout

Shiba Shootout merges the Wild West theme with the Shiba Inu meme, making it a hit among meme coin enthusiasts.

The project’s creative concept places the iconic Shiba dog in a Play-to-Earn (P2E) Wild West combat setting, captivating the crypto community.

When the Shiba Shootout presale initially launched, token sales were slow. However, this trend has shifted, and investor sentiment has turned bullish, leading to a significant increase in presale purchases.

Despite a dip in Bitcoin and broader crypto market prices this week, support for Shiba Shootout remains strong, with consistent funds flowing into the presale.

To date, the presale has raised over $998k and is on track to cross the $1 million milestone in hours. The presale operates in stages, with increasing prices, meaning early investors can purchase tokens at a lower cost.

Once the presale concludes, investors can claim their SHIBASHOOT tokens, which can also be earned as rewards through gameplay, the primary use case of the project.

The strong community engagement and the project’s high rating among new meme coins suggest that the presale may end sooner than anticipated.

A Cast of Characters and Impressive Design

At the core of Shiba Shootout is its engaging P2E mobile game, Shiba Sharpshooter, where players participate in intense duels that require timing and precision.

The game offers an exhilarating experience, with SHIBASHOOT tokens enhancing player abilities and serving as the foundation of the platform. The upcoming Web3 app is highly anticipated by the community, adding another layer of excitement.

The project’s universe includes characters and elements such as:

Utility and Community Engagement

Shiba Shootout offers a range of utility features that have resonated with the community. The Posse Rewards program allows participants to earn bonus tokens by inviting friends. Additionally, Campfire Story sessions provide a platform for community members to share their crypto experiences.

The project also includes Governance Roundups, giving token holders a voice in key decisions, and the Lucky Lasso Lottery, which offers big prize opportunities while supporting charitable initiatives. For those looking to maximize their holdings, the staking feature offers high APY rates, currently around 1000%.

Popular crypto YouTuber Jacob Crypto Bury has highlighted these features, noting their potential to contribute to the project’s success. His endorsement has drawn even more attention from the crypto community.

Tokenomics: A Strategic Approach to Success

Shiba Shootout’s tokenomics are designed with sustainability and strategic allocation in mind.

Shiba Shootout Tokenomics Breakdown:

This thoughtful distribution ensures sufficient resources for rewarding early supporters, maintaining liquidity, and supporting marketing efforts.

The development team has been commended for their swift progress in meeting roadmap milestones, further demonstrating their commitment to the project’s long-term success.

The Conclusion

The community’s bullish sentiment toward Shiba Shootout has played a significant role in its recent success.

The surge in demand for presale tokens suggests the project could surpass the $1 million mark in the near future. This strong support reflects the community’s belief in the project’s potential.

As the presale continues, the community eagerly anticipates the project’s launch, expecting major developments. Priced at just $0.0199 per token, SHIBASHOOT is currently at the best possible price point

If the presale ends with the current level of demand, it wouldn’t be surprising to see a significant pump upon launch.

This momentum could lead to multiple exchange listings, further increasing the token’s visibility and value.