What Lies Beyond for Shiba Shootout After its Current Presale?
One of the most popular meme coin presales of the year, Shiba Shootout, has raised more than $190k till now.
The success of this presale can be attributed to various factors. Some attribute it to the current downturn in the Bitcoin market, a result of the recent Israel-Iran conflict, which has redirected investor focus towards low-cap tokens with promising future returns.
Others say that the token’s unique perks, coupled with its West-influenced aesthetics, are the reasons why it is gaining so much traction in the market.
However, there is one question that not many have asked – what lies ahead for Shiba Shootout beyond the current presale? Read on as we decipher the token’s fundamentals and measure it against the market prospects to give our price predictions.
Shiba Shootout – West-Inspired Meme Coin Focusing on Utility
Meme coins and utilities aren’t the terms often mentioned in a single breath; the meme coin mania is a testament to that. Many meme assets arrived during that phase and grew exponentially before facing downturns and disappearing.
Shiba Shootout dares to provide something different in this ecosystem. Focusing on both form and function, the token presents users with unique perks that include the following.
Posse Rewards
Users who refer Shiba Shootout to other cryptocurrency enthusiasts and successfully welcome them onboard will earn tokens. This referral model is tied closely to Shiba Shootout’s marketing strategy, and it makes crypto investors the project’s spokespersons.
🤠 Ready for a wild ride? 🌵
Step into the digital Wild West of 'Shiba Shootout' where #crypto meets #Cowboys in an epic showdown! 🚀💰
Strap on your boots and get ready for adventure, strategy, and a whole lot of Shiba charm! #ShibaShootout pic.twitter.com/Loyf8CO1i1
— shibashootout (@shibashootout) April 15, 2024
Campfire Stories
According to the project’s whitepaper, it will host regular “campfire stories”. These can be AMAs or social media groups around the Shiba Shootout ecosystem. User can share their meme coin experiences in a storytelling format, akin to how cowboys of the past shared tales of their adventures. The one with the most engaging stories will receive the most rewards in the form of Shiba Shootout tokens.
Token Governance
Those who invest and hold Shiba Shootout will be given entry into the Shiba Shootout DAO. Calling it “Token Governance Roundups”, the project will allow major players within the ecosystem to decide in which direction Shiba Shootout can grow.
Lucky Lasso Lotteries
The platform will organize regular giveaways through Lucky Lasso Lotteries. These will be similar to traditional lotteries and will introduce a gamified element to airdrops. Users will get a portion of the wins, and the other portion will be directed towards charitable activities.
Savings Saddlebags and Cactus Stakings
These two elements within the ecosystem will help users generate passive gains. Savings Saddlebags will be akin to digital wallets, allowing investors to make gains through holding. With Cactus Staking, users can stake their tokens on a cactus plant. This represents a unique approach to staking pools. The cactus will grow with time, signifying token accumulation. This will add a visual and social appeal to the mundane task of staking.
Shiba Shootout Price Prediction for 2024
The pace at which the tokens are being sold out during the ongoing presale suggests that it will conclude around the second quarter of 2024. According to the roadmap, this will be the time for the token to go live on exchanges.
The initial listing can give the token a major boost on the price charts. If the project’s current marketing level persists, people will be hyped for the token’s release, which may push it by 2x or even 3x when it finally goes live.
Shiba Shootout’s subsequent performance for the rest of the year will depend on how closely it is able to introduce its use cases. The platform’s staking perk is active already, and if the “campfire stories” perk launches, the token will remain the topic of conversation within the crypto space for a long time.
The continued relevance can stabilize its price.
Shiba Shootout Price Prediction Long-Term
Shiba Shootout’s performance in the long term will be determined by two factors. The first is the uniqueness of the niche Shiba Shootout can carve out in the long run. The second factor is the overall market sentiments towards crypto in general.
If we take 2025, for instance, and say that the crypto economy can go for another bull run next year, then Shiba Shootout may also experience a parabolic increase in price. However, that will only happen if the first factor, Shiba Shootout’s uniqueness, remains relevant.
Considering the amount of conversation people continue to have around meme coins and how well meme coins perform regardless of their release timing, we can have an optimistic view of this matter.
Conclusion
Shiba Shootout’s unique prospects give it many upsides. Its aesthetics aside, its utility can bolster more support for this token in the future. However, it is also important to remember that how the community perceives it after the current presale will also play a major role.
Therefore, it is important to stay abreast of the market conditions when investing.
To learn more about Shiba Shootout, visit the official website.
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
