There is no denying that 2024 will be remembered as the year of the meme coins in the crypto industry, with dozens of highly popular presales have emerged in the past seven months, each of them raising millions of dollars. One of the most recent ones is a Shiba Inu-inspired project called Shiba Shootout (SHIBASHOOT), which recently hit a new milestone.
Shiba Shootout Passes Another Milestone
Shiba Shootout emerged as a project combining the popular Shiba Inu, reimagining it in the Wild West setting. Its presale launched in April 2024, and it hit a number of milestones along the way.
The First Milestone: Reaching $100K
Despite being a promising meme coin that ventures into the P2E sector, the ICO remained relatively unknown at first. It hit its first major milestone of $100k raised on April 17, which it was quick to report in a post on X.
Going Double In A Week: Hitting $300K
Only days after, on April 26, the project reported hitting the next milestone of $200k, effectively doubling the original amount within days. It wasn’t long until the project reached a quarter of a million, reporting it on May 3, only to reach $300k by May 10.
A New Milestone To Start The Summer: $600K Raised
By the end of the month, SHIBASHOOT holders were raising their glasses to celebrate $400k raised, and in the coming weeks, the project was hitting one milestone after the next, which led it to half a million raised by July 6.
https://x.com/shibashootout/status/1809537063634518058
This is when the word finally started to pick up, and the project started seeing an influx of more new investors, which coincided with the meme coin recovery, further driving interest and hype. The situation allowed it to attract quite a few investors since then, and on July 11, the project announced on X that it managed to hit a new milestone of $600,000 raised.
SHIBASHOOT Eyes The Next Milestone: $700K In Sight
Its ICO has been progressing well since then, with the total amount raised now sitting at $683k as of July 17. In other words, SHIBASHOOT is approaching its next milestone of $700,000, which it will likely hit within the next few days.
The more people invest and the more money the project raises, the more the word will spread of a successful new ICO, meaning that the Shiba Shootout will likely start hitting its milestones faster moving on.
Typically, after the projects hit their first million, they also start seeing whale activity, which is another thing for Shiba to look forward to. Right now, it is difficult to tell when it might hit $1m raised, although it seems like it could happen before the end of the month.
BUY SHIBASHOOT BEFORE THE NEXT PRICE INCREASE
Shiba Shootout ICO Is Blowing Up
Currently, the SHIBASHOOT token sells for $0.0196, although this will change in 8 days when it is scheduled to see its next price increase. This leaves investors with enough time to do their research about the rising new meme coin and buy while its price is still locked at its current value.
Those interested can buy SHIBASHOOT with ETH, USDT, BNB, and credit/debit cards. Furthermore, after buying the token, investors can also stake it right away and start earning staking rewards early.
JOIN SHIBA SHOOTOUT’S PRESALE EARLY TO BUY AT LOW PRICE
Many have already chosen this option, with the total amount staked currently exceeding 22 million SHIBASHOOT tokens. The project’s platform says that the estimated rewards sit at 1,499% p/a as of July 16, meaning that the current rewards sit at 125.5 SHIBASHOOT per each Ethereum block that gets solved.
Joining the project now certainly has its benefits, as 2024 has been a very rewarding year for the meme coins, especially when it comes to dog-themed coins. More than that, Shiba Shootout carries the name of Shiba Inu, the second-largest meme coin in the industry, meaning that it is only a matter of time before its token reaches its next milestone.
