The meme coin arena appears to have another high-potential contender.
The new meme coin – Shiba Shootout (SHIBASHOOT) – is creating quite a buzz with its strong presale performance. It has received over $900k in early investments over a few short weeks.
Smart money investors have been quick to recognize SHIBASHOOT’s potential, with some even calling it one of the best meme coins to buy now. Others believe that it could offer up to 20x to 50x returns after its launch.
Shiba Shootout – The Wild West Meme Coin
The iconic Shiba Inu character has now donned a cowboy hat, bringing the Wild West theme to the meme coin space.
However, Shiba Shootout isn’t just an ordinary meme coin with a unique theme. Instead, it has drawn comparisons to the likes of Floki, owing to its P2E utility and attractive perks for token holders.
The Shiba Sharpshooter game is already live on the App Store and Google Play. With legendary characters such as Marshall Shiba and his trustee sidekicks – the Shiba Sharpshooters – players can engage in dramatic, Wild West-styled duels and earn free SHIBASHOOT tokens.
Meme coins with engaging P2E gameplay have traditionally seen significant success in the crypto market. There is a reason why Floki, Notcoin and Hamster Kombat became global phenomena.
Investors who missed out on getting into these projects early could have another opportunity with Shiba Shootout.
Rewards Galore for SHIBASHOOT Token Holders
SHIBASHOOT is also an attractive new meme coin to buy for non-gamers. For one, meme coins and GameFi sectors have seen significant demand during this bull cycle.
Sitting on the confluence of both these niches, Shiba Shootout could deliver outsized returns after its launch.
Most importantly, Shiba Shootout has a plethora of cowboy-themed monetary perks for non-gamers.
For instance, early presale buyers can earn staking rewards at a much higher rate than the industry average. Indeed, the “Cactus Staking” program is currently offering a reward rate of over 1000%.
However, interested buyers have no time to lose as the yield percentage is designed to decrease with time.
Similarly, there is the Lucky Lasso Lottery. As the name suggests, investors can use SHIBASHOOT tokens for a chance to win big crypto prizes.
Simply put, buyers will have various avenues to earn passive income, an attractive proposition considering the often-uncertain crypto market outlook. It’s not without any reason that smart money investors are calling it one of the best meme coins to buy now.
Is Shiba Shootout a Safe Investment?
Despite their high upside potential, new meme coins come with security risks. However, the developer team behind Shiba Shootout has taken steps to alleviate these concerns.
For instance, the SHIBASHOOT smart contract is audited by Solid Proof. As per the audit report published on the website, the contract does not have any vulnerability or centralization risks.
For instance, the contract ownership has been renounced and the previous owner cannot mint new tokens, blacklist wallets or pause the contract.
Additionally, no portion of the SHIBASHOOT supply has been reserved for the developer team or any private sale. This reduces the likelihood of rug-pulls and pump-and-dump price action that is often associated with new meme coins.
Finally, the project has active and popular X and Telegram accounts, with thousands of subscribers. Typically, scams and nefarious projects do not provide links to their social media accounts.
The Best Meme Coin to Buy Now?
The cryptocurrency market is on the cusp of a major bull run and smart money investors are stacking as many new meme coins as they can.
Amidst the euphoria of a bull market, these low-cap tokens can often deliver more than 100x returns, as seen during this year’s first-quarter bull rally. Shiba Shootout could display similar growth, owing to its in-demand P2E gameplay and attractive rewards.
As previously mentioned, several smart money investors are publicly bullish on SHIBASHOOT. Popular crypto YouTuber ClayBro – with over 130k subscribers – believe that the new meme coin could offer up to 20x returns.
Surprisingly, this is one of the more conservative price predictions. Michael Wrubel – with 312k YouTube subscribers – believes that early Shiba Shootout buyers can see up to 100x returns.
Interested buyers can visit the project website and use the over-the-counter widget to buy the meme coin. They are also advised to follow its X and Telegram accounts to keep up with the latest updates.
