This article is paid content*
A new dog meme coin is creating a buzz, with some analysts even calling it one of the best cryptocurrencies to buy right now.
Shiba Shootout (SHIBASHOOT) continues to attract strong interest from meme coin investors, raising over $1 million in its presale.
With its unique Wild West theme, thrilling play-to-earn games and enticing cowboy-themed rewards, SHIBASHOOT has attracted the attention of deep-pocketed investors, some of whom are hoping to make as much as 100 times their investment.
Turf Shootout – Why is this meme coin trending?
Shiba Shootout features legendary characters like Marshal Shiba and his loyal companions, putting a unique Wild West twist on the iconic Doge meme.
In the meme coins space, new and catchy themes are in high demand: for example, several whales and hedge funds invested in Dogwifhat, mainly because “dogs wear hats”.
Currently, cowboy-hatted snipers roaming the streets of Shiva Gulch have caught the attention of meme coin enthusiasts.
But Shiba Shootout, like Floki, is a highly utility meme coin. Rather than relying solely on its unique packaging, it has built a strong community with compelling perks and highly sought-after utility.
SHIBASHOOT, for example, is ideally positioned to capitalize on the GameFi excitement generated by the success of Notcoin and Hamster Kombat: its thrilling game Shiba Sharpshooter is already available on the App Store and Google Play, with thousands of downloads across both platforms.
In fact, this new game seems to be much more appealing than Notcoin’s tap-to-earn game, as players can take part in amazing cryptocurrency showdowns, participate in duals and win $SHIBSHOOT tokens.
According to the Shiba Shootout whitepaper, 5% of the token supply has been reserved for gamers. The current presale price is $0.02, which translates to a total prize pool of $2.2 million for players, surprising experts.
But for non-gamers, there are plenty of cowboy-themed perks available, including Refer & Earn Posse Rewards, Lucky Lasso Sweepstakes, and Campfire Story Sessions, all of which offer investors the chance to earn free cryptocurrency. For more information on these perks, check out the Shiba Shootout whitepaper.
If this wasn't enough, Shiba Shootout also has its own staking program, Cactus Staking, which allows you to earn passive income at a much higher rate than the industry average – in fact, presale SHIBSHOOT purchasers are currently enjoying a reward rate of almost 900%.
With the wealth of financial rewards available, it’s no surprise that experts include Shiba Shootout in their “best cryptocurrencies to buy now” lists.
IS SHIBASHOOT THE BEST CRYPTOCURRENCY TO BUY RIGHT NOW?
Investors looking to maximize profits in the upcoming bull market should not underestimate new low-value meme coins like Shiba Shootout.
With a challenging play-to-earn game, attractive rewards, and strong early demand, it's no wonder some experts believe SHIBASHOOT could bring in up to 100x returns.
Meme coins with much lower values have offered significantly higher returns: For example, according to data from Lookonchain, one trader turned $29 into $125,000 by investing early in MBAPPE, a low-utility token that later crashed.
Therefore, it is not unreasonable to predict that a high utility, low cap meme coin like Shiba Shootout could deliver 100x returns.
Even popular crypto YouTube channels such as 99Bitcoins, which boasts over 700,000 subscribers, speculate that they could see up to a 100x return.
These experts believe Shiba Shootout is one of the best cryptocurrencies to buy right now for sideline investors, especially considering the upcoming meme coin mania.
*Cryptonomist did not write this article nor have they tested the platform.
