A new bearish wave started spreading through the market once again in the last 24 hours, negating yesterday’s gains. In fact, even Bitcoin, the world’s largest crypto, once again saw its price drop.
Only 24hrs after the coin climbed back to $61k, the coin saw another correction which took it to $60k per coin first, and then lower as the support broke. BTC ended up dropping to $56.6k before seeing a recovery to the $58k level, which is where it sits at the time of writing.
This suggests that the coin overcorrected and the resulting recovery was caused by the traders as they rapidly moved to buy the dip, eventually leveling the price at its true bottom at $58,000 per coin.
The increased volatility over the last few days has had many talk about the expected major bull run which, as many believe, could take BTC to half a million per coin, or possibly higher. While the expectations are high, the prices are currently highly volatile, and while this represents an opportunity for the experts — it represents major risks for less experienced traders and investors.
As a result, many have been looking for alternative opportunities, which brought them to the meme coin space, and especially meme coin presales such as Shiba Shootout (SHIBASHOOT).
JOIN THE SHIBASHOOT ICO BEFORE THE PRICE SURGE TAKES IT TO THE MOON
What do you need to know about Shiba Shootout?
Inspired by Shiba Inu, Shiba Shootout doubles as a Wild West-oriented meme coin and a GameFi project. It launched its own game called Shiba Sharpshooter, which introduced many new Shiba-inspired personalities, such as Marshal Shiba, Shiba Sharpshooters, and also an entire fictional town of Shiba Gulch.
The game is meant to be a P2E game, and while it is already out for Android and iOS devices, the Web3 upgrade that will allow the game to grant tokens to the players has yet to arrive, likely after the end of the project’s presale.
BUY SHIBASHOOT WHILE ITS PRICE IS LOW
The presale itself has seen the project raise over $963k, and it is just about to hit its first million. Meanwhile, its token, SHIBASHOOT, sells for only $0.0199 apiece, which makes it highly affordable. You can buy it with ETH, USDT, BNB, or credit/debit cards.
Due to its game, the fact that it uses Shiba Inu’s name, and the fact that it combines memes, gaming, and the P2E model, many believe that the project has massive potential and that its price will skyrocket post-launch. Add the fact that it will likely launch right before, or even during the major crypto bull run, and it is clear to see why the experts have great expectations of Shiba Shootout.
