Shiba Inu price slides as traders pivot to this new memecoin ICO
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Shiba Inu tokens fluctuated, notably SHIB down 6.77%. Traders flock to Shiba Shootout presale, which has raised over $700K.
Shiba Inu tokens have fluctuated over the past 24 hours – especially Shiba Inu, which is down 6.77%. However, traders are turning to the Shiba Shootout (SHIBASHOOT) presale, which has raised over $700K.
The new Shiba Inu flavor is a Play-to-Earn (P2E) memecoin centered around a Wild Western theme. At the heart of the ecosystem is a memetic showdown to discover which Shiba Inu character is the new sheriff in town.
With a version of the game available on the App Store and Google Play Store, Shiba Shootout is unloading a huge P2E ecosystem that exhibits the full power of web3 in gaming.
Investors who want a piece of the Shiba Shootout action can buy SHIBASHOOT at presale for $0.0196, but they must hurry because that price is expected to rise throughout the presale. The next increase is in five days.
Buying Shiba Shootout at this price ensures the most value for money.
Shiba Inu hack flushes SHIB price and other top meme coins
The market is finding its footing following an exchange hack on Thursday, which saw over 5 trillion SHIB stolen.
A sharp selloff followed, shocking traders because crypto prices have been bullish lately.
The hack took place on the Indian-based crypto exchange WazirX, and the estimated value of the stolen SHIB is around $104 million.
On-chain sleuth whale alerts reported that these tokens had moved to an unknown wallet.
The Shiba Inu burn rate increased by 454% today but that did not stop the SHIB price from falling.
As it stands, meme coins across the board have taken a big hit.
CoinMarketCap data reveals that Dogecoin, Pepe, and Floki are all in the red today. Bonk and Dogwifhat have recouped their immediate declines, however.
But while the large-cap meme tokens are fighting to stay afloat, Shiba Shootout has cruised to the $700K total raised mark at presale.
Does this signal an inflection point, with traders favoring the new, fresh, utility-packed Shiba Inu offshoot?
Shiba Shootout emerges as SHIB alternative – presale nears $700k
There are heaps of Shiba Inu-inspired tokens on the market, but only one carries Wild Western lore and game-changing utilities.
It’s bringing the digital frontier to life – memecoin fans can come together for epic memetic showdowns.
The SHIBASHOOT token users can earn from the P2E game has utility by the bucketloads.They can use it to buy lottery tickets, vote in on-chain governance, and stake it.
The “Cactus Staking” mechanism is already live and currently provides a 1,450% APY.
While the rewards won’t stay so exorbitantly high, those who invest early have the biggest opportunity to compound their holdings. That could prove life-changing, with analysts like Michael Wrubel backing the project to 100x.
And then investors have other features in the ecosystem, like “Campfire Stories.” This is a community storytelling feature where users share their crypto experiences, and the most engrossing ones win $SHIBASHOOT rewards.
Community members can also refer others to the presale and earn commissions with “Posse Rewards.”
For market participants who want to join the showdown, visit the Shiba Shootout website to buy the presale. The website accepts ETH, BNB, USDT, and bank card payments.
The presale has a limited supply of 770,000,000 tokens (35% of the total supply), so prospective buyers should not wait around.
Shiba Shootout has solidified itself as a legitimate player with a smart contract audit from SolidProof and a KYC audit from Coinsult.
For more information, visit the Shiba Shootout presale website or catch the latest news and developments on its X and Telegram channels.
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