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SHIB trading volume jumps 59% while Shiba Shootout ICO nears $1 million, raising hopes for meme coin gains this fall.
In the past 24 hours, SHIB’s trading volume has surged by nearly 60%, signaling renewed interest from traders.
This uptick comes as the meme-inspired cryptocurrency experiences increased volatility, attracting participants eager to capitalize on its potential gains.
However, SHIB is not the only meme coin-making wave. Shiba Shootout, a new contender in the Shiba Inu meme coin space, is rapidly gaining traction, with its Initial Coin Offering (ICO) nearing the $1 million mark.
As these two projects capture the market’s attention, users are closely monitoring the opportunities for significant returns this autumn.
Shiba Inu (SHIB) Trading Volume Soars
Shiba Inu, a cryptocurrency that gained popularity as a meme coin, has seen its trading volume increase by 59% over the past day. This surge has pushed SHIB’s total trading volume to approximately $398.83 million, with $195 million coming from the spot market and $121.3 million from derivatives trading.
This heightened activity suggests that SHIB is once again on the radar of traders looking to profit from its characteristic volatility.
Over the past 24 hours, SHIB’s price has experienced a roller-coaster ride, with fluctuations that saw its value increase by 2.3%, drop by 3.43%, rise again, and finally decrease by another 3.6%.
These swings have brought SHIB’s price to $0.00001296, marking its lowest level in nine days. Despite these fluctuations, the increase in trading volume indicates that market participants are still interested in SHIB, possibly anticipating a rebound or taking advantage of the current price movements.
As the market heads into autumn, many speculate that SHIB could see substantial gains, particularly if this trend of increased trading volume continues. However, the spotlight also turns to new projects like Shiba Shootout, which are attracting attention with their innovative approaches and potential for high returns.
Shiba Shootout: The Next Big Meme Coin?
While Shiba Inu enjoys a resurgence in trading activity, Shiba Shootout is positioning itself as a serious contender in the meme coin arena. This project has already raised over $982,000 in its ICO, with the $1 million milestone within reach. As the presale progresses, users are eagerly acquiring $SHIBASHOOT tokens at $0.0199 each, using various cryptocurrencies like ETH, USDT, and BNB, as well as traditional credit and debit cards.
Shiba Shootout stands out for its unique blend of meme culture and play-to-earn (P2E) gaming. The project is centered around Shiba Sharpshooter, a Wild West-themed game in which players take on the role of Shiba cowboy characters engaged in duels.
The game is currently available in an early development version on Google Play and the Apple App Store, with a full launch planned for 2024. The $SHIBASHOOT token will be integral to the game’s economy and used for in-game purchases, new system integrations, and participation in the Cactus Staking program.
Shiba Shootout’s tokenomics are designed to support a sustainable and rewarding ecosystem for both holders and the community. Out of a total supply of 2.2 billion tokens, 35% are allocated to the presale, 20% to staking rewards, and another 20% to marketing efforts aimed at increasing the project’s visibility.
Additionally, 10% of the tokens are set aside for liquidity, ensuring smooth transactions on decentralized exchanges (DEX), and another 10% for ongoing development. The final 5% is dedicated to the Rootin’ Tootin’ Shooter Fund, which supports special projects and community initiatives.
Security is a key concern for users in new cryptocurrency projects, and Shiba Shootout has addressed this by successfully passing a SolidProof security audit. This audit helps mitigate risks such as rug pulls, assuring those considering an acquisition in $SHIBASHOOT.
Shiba Shootout’s Community and Rewards
Shiba Shootout isn’t just about tokenomics; it’s also heavily focused on community engagement. The project has introduced several initiatives to foster a strong, active community. These include Posse Rewards, a referral program that rewards participants for bringing new users to the platform; Campfire Stories, a forum for users to share their experiences; and the Lucky Lasso Lottery, a game of chance where participants can bid with $SHIBASHOOT for the chance to win substantial rewards.
Additionally, the project has implemented Token Governance Roundups, where $SHIBASHOOT holders can vote on major project decisions, ensuring that the community has a say in the project’s future direction.
This focus on community involvement is expected to be crucial in Shiba Shootout’s long-term success, as engaged users are more likely to contribute to the project’s growth and stability.
The Shiba Shootout project is progressing through a three-phase roadmap designed to establish a strong foundation, expand the platform, and enter the market robustly.
Phase 1 involves building the community and launching the presale. In contrast, Phase 2 focuses on platform development, including introducing new features like Campfire Stories and the beta release of the Shiba Shootout Mini Game.
Phase 3 will see the public launch of Shiba Shootout and the listing of $SHIBASHOOT on both decentralized and centralized exchanges.
GET $SHIBASHOOT BEFORE NEXT PUMP
As autumn approaches, Shiba Inu and Shiba Shootout are projects that users will watch closely. SHIB’s recent surge in trading volume suggests that it could be poised for significant gains, particularly if market interest grows. Meanwhile, Shiba Shootout is making a name for itself with its innovative approach to meme coins and play-to-earn gaming.
Users interested in exploring Shiba Shootout’s potential should consider participating in the $SHIBASHOOT token presale before it reaches the $1 million mark. With the project’s clear roadmap, strong community focus, and successful security audit, Shiba Shootout is poised to impact the crypto world significantly.
Don’t miss your chance to be part of this innovative project—visit the presale to learn more and secure your $SHIBASHOOT tokens today.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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