Shiba Inu Holders Back New Meme Coin Project – Could This Be the Next 1,000% Winner
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As the Shiba Inu (SHIB) price struggles in a long-term downtrend, Shiba Inu holders are beginning to back a new meme coin project, with some analysts predicting gains of as much as 10x or 1,000%.
Last at $0.00001320, Shiba Inu has been in a downtrend since hitting yearly highs above $0.000045 earlier this year.
Two rejection of its 50DMA in the past 2 months suggests the bears remain very much in control.
A retest of August lows under $0.000011 is on the cards in the weeks ahead.
Its no surprise then that Shiba Inu holders are looking for alternatives, with one new meme coin project called Shiba Shootout (SHIBASHOOT) receiving a lot of attention.
New meme coin project Shiba Shootout is a Wild West-themed play-to-earn (P2E) game that has already launched on Google Play and the Apple App Store.
In order to power its ongoing development and marketing drive, Shiba Shootout is conducting a presale of its native SHIBASHOOT token.
The presale has been a blockbuster success, raising over $1.1 million in early investment.
#ShibaShootout is more than a meme coin
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