5 Reasons Investors Are Accumulating Shiba Shootout (SHIBASHOOT) Tokens During the Ongoing Presale
Shiba Shootout is already getting the attention of many in crypto as the project introduces a mix of creativity, strategy, and cowboy style.
Its ongoing presale is seeing many investors accumulate the SHIBASHOOT tokens during the ongoing presale for their unique advantage. Let’s consider the main factors triggering this buying frenzy.
Memecoin Mania
Shiba Shootout seeks to leverage the appeal that comes with meme coins, as they often spike widely when bullish and also when they provide some type of value or spark community interest.
Whoever is even remotely involved in crypto knows that meme coins are still the best performing altcoins in this bull run. Shiba Inu and Dogecoin soar by 1000% to 5000% during bull runs, and many tokens of their nature have also followed a similar trajectory (just this year BRETT, BOME, etc.)
Shiba Shootout is offering more than just being a meme coin and seeks to leverage the craze around the joke currencies to maintain a bullish outlook. Investors who have recognized this are already securing their spaces.
Utility: Token Governance and Saving Feature
Shiba Shootout is different from many dog-themed meme coins that typically offer no utility. Dogecoin and Shiba Inu, for example, do not have any main utility or feature. They only ride on community hype and a bullish stance.
However, SHIBASHOOT allows its holders to participate in decision-making around the project. The project describes this as a town hall meeting in the Wild West where everyone had a say.
Shiba Shootout also has a “Savings Saddlebags” feature that helps users save a portion of their tokens in a special wallet. These tokens generate extra rewards for their holders. These rewards are part of the reasons many investors are rushing to accumulate the tokens.
You know it! 🙌
We know it! 🌟
Everyone knows it! 🎉#Shibashoot #Shibashootout #Memecoins #Altcoins #Crypto #web3 pic.twitter.com/e56zrhxn8W
— shibashootout (@shibashootout) June 18, 2024
Well-Planned Tokenomics
If you are wondering what meme coin to buy now, make sure to check its tokenomics structure. Shiba Shootout’s team did a nice job here.
The project’s tokenomics are created to balance demand and supply while also encouraging long-term holding.
35% of the total token supply is dedicated to the presale, giving early investors the chance to secure stakes during the stage. 20% of the token is also reserved for staking.
This encourages holders to lock up their tokens, thereby reducing the number of tokens in circulation and potentially driving the token price up. The project also has allocations for marketing, liquidity, development, and rewards.
Community and Passive Income Potential
The Shiba Shootout project is also very community-minded. It includes features like its ‘Campfire Stories’ private groups for token holders where they can share experiences around crypto and the project and learn from one another.
This helps to build a sense of community and engagement among the project supporters.
Unlike Dogecoin, Shiba Inu, and many popular meme coins, SHIBASHOOT offers investors a way to earn money without any effort; all they need to do is buy the tokens.
There are two features dedicated to it, and they are the ‘Savings Saddlebags’ and ‘Cactus Staking’. The Cactus staking feature allows users to stake their tokens to earn rewards, giving investors a stable and potentially profitable investment option. Current yearly rewards are over 2,000%, even though this will decrease if (when) more people stake the token.
Dog-themed Meme Coin
Shiba Shootout is a dog-themed meme coin just like Dogecoin, Shiba Inu, Bonk, and dogwifhat. These meme coins have experienced thousands of profit percentages in recent months and years.
Now, seeing that Shiba Shootout has built on their successes and even gone further to offer solutions that they lack, investors are accumulating its SHIBASHOOT tokens early so as not to miss out on any potential price increase in the future.
The growth of the ongoing presale makes it clear that the project has struck a chord within the crypto community.
The presale offers the best opportunity to join the project from the beginning, as it helps you experience and enjoy all the potential benefits Shiba Shootout has to offer from scratch.
JOIN THE SHIBA SHOOTOUT (SHIBASHOOT) COMMUNITY NOW
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
