ShibaShootout Surpasses $600K in ICO – Impact of Mobile Game Launch?

The meme coin ShibaShootout ($SHIBASHOOT), themed around the Wild West and Shiba Inu, has surpassed $600,000 in presale funds. This milestone is attributed to its intriguing universe and substantial reward utilities.

Recently, the development team released the ShibaShootout play-to-earn (P2E) game on Google Play Store and Apple App Store. Players can participate in the game to accumulate $SHIBASHOOT rewards.

With features such as meme creation duels, coin game tournaments, and treasure hunts, many investors are hopeful that ShibaShootout could become the next Shiba Inu. Currently, the presale price of $SHIBASHOOT is $0.0196, but it’s expected to increase again in 8 days.

ShibaShootout Staking Offers Over 1,500% APY

ShibaShootout boasts one of the highest staking reward rates in the industry. At the time of writing, the annual percentage yield (APY) stands at 1,503%, equating to about 4.11% daily rewards.

Already, 21 million $SHIBASHOOT have been staked in the pool, most of which have come from recent presale investments, indicating a significant number of long-term investors in ShibaShootout’s future.

With 770 million $SHIBASHOOT tokens, or 35% of the total token supply, available in the presale, staking popularity is expected to rise as more investors participate. According to the whitepaper, 440 million tokens, or 20% of the total supply, are reserved for staking rewards.

ShibaShootout: A New Force in the Crypto Frontier

In the first half of 2024, meme coins, particularly those themed around Shiba Inu, have been in the spotlight.

ShibaShootout aims to build a vibrant, community-driven ecosystem continuing the legacy of Shiba Inu.

Within the digital village of Shiba Canyon, players can create memes, duel, and earn rewards while enjoying the ecosystem centered around the $SHIBASHOOT token.

With $SHIBASHOOT tokens, players can enter the “Lucky Lasso Lottery” for a chance to win significant crypto rewards and participate in the “Token Governance Meeting,” where token holders can vote on the project’s future direction.

Various programs are prepared to enhance community belonging and cohesion. The “Campfire Story” event is reminiscent of sharing stories around a campfire. Users who share the most interesting memes and coin investment experiences can earn $SHIBASHOOT rewards. Users who invite new members can receive additional group rewards.

Meme Coin Revival? DOGE Surpasses ADA in Trading Volume

Meme coins are among the most popular sectors in both bear and bull markets. For instance, Dogecoin ($DOGE), one of the top 10 cryptocurrencies, recorded nearly double the trading volume of ADA ($ADA) in the past 24 hours. Dogecoin’s daily trading volume is approximately $847 million, while ADA’s is about $450 million. The price change also shows a significant difference: Dogecoin rose 7.61% in 24 hours, whereas ADA only increased by 1.92%.

The overall meme coin market is rebounding strongly following Dogecoin’s lead. The total market capitalization of meme coins has increased by 10.12% from the previous day, reaching $48.7 billion.

Leading this upward trend are Shiba Inu-themed meme coins, the eternal favorite of DeFi enthusiasts. Shiba Inu (SHIB), Bonk (BONK), DogeWhipHat (WIF), and Floki (FLOKI) have risen by 7.11%, 9.55%, 22.31%, and 18.97% respectively.

If you’re interested in purchasing ShibaShootout, visit the official ShibaShootout website, connect your crypto wallet, and make a payment using ETH, USDT, BNB, or credit card.

The development team has undergone a smart contract audit by Solidproof and KYC certification by Coinsult to alleviate investor security concerns.

For more detailed ShibaShootout news, check out their Twitter (X) and Telegram channels.

Visit the ShibaShootout official website

Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on this information. The content should be interpreted for informational purposes only. We may receive commissions from mentioned products.