Shiba Inu Price Nosedives While Hot New Rival Coin Secures $860,000
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As the Shiba Inu (SHIB) price nosedives at the start of August, a hot new rival coin has just hit $860,000 in an accelerating presale.
SHIB dipped 5% on Friday, hitting its lowest since early June, around $0.000015.
The price slide comes after weak US jobs data rattled global markets and triggered a rise in recession fears.
Chart analysts suggest SHIB’s near-term prospects are looking very downbeat.
The meme coin found strong resistance at its 50 and 200DMAs in mid-July.
This signaled that the bears were in control of the market.
A near-term retest of support in the $0.000012 area is very likely.
While Shiba Inu craters, an exciting new rival coin called Shiba Shootout (SHIBASHOOT).
New Rival Coin Shiba Shootout (SHIBASHOOT) – A P2E and Passive Income Gem
Shiba Shootout is a Wild West-themed play-to-earn (P2E) meme coin.
Its P2E game has already been approved for Google Play and the Apple App Store, and its release is imminent.
To power its ongoing development and marketing endeavors, Shiba Shootout is conducting a presale of its native SHIBASHOOT token.
And demand is strong, with investors having already put over $860,000 into the new rival coin.
BOOM!!! 🎉
Another huge achievement for #SHIBASHOOT 🐶
We've successfully raised over $800,000! 💵
The excitement with #SHIBASHOOT keeps growing, stay tuned for more updates! 🚀 pic.twitter.com/l6hZyaHhjk
— shibashootout (@shibashootout) July 29, 2024
35% of the SHIBASHOOT token supply is up for grabs during the presale.
20%, meanwhile, has been reserved for staking rewards.
Indeed, SHIBASHOOT is not only one of the most promising P2E projects in the market right now, but it’s also a passive income gem.
Presale investors can immediately stake their tokens for around 1,200% APY yields, per the official website.
At those yields, a presale investor can double their SHIBASHOOT bag in as little as a few weeks.
Crypto Experts Flock to Back Shiba Shootout
The rush amongst investors to secure their SHIBASHOOT bags comes as a number of crypto influencers come out in support of the project.
In Shiba Shootout, Michael Wrubel told his 312,000 YouTube subscribers that he thinks he has found the next 100x Shiba Inu gem.
ClayBro told his 130,000 YouTube subscribers that the game could make millionaires.
Austin Hilton also lauded the new rival coin to his 272,000 subscribers.
Analysts at Cryptonews.com are also huge fans of the token. They rank it amongst their best presales to buy now.
Those interested in learning more about the new rival coin should check its official website.
Potential investors must hurry, as the price rises in under one day.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.1 day left before the next price increase!
1 $SHIBASHOOT = $0.0197
🤠 Join Shiba ShootOut Token! Stake, win, and have Wild West fun! 🌵💰
Don't miss out. Buy $SHIBASHOOT https://t.co/OmlNvMLbUw pic.twitter.com/AswaQJBiVk
— shibashootout (@shibashootout) August 2, 2024
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