Shiba Inu Price Nosedives While Hot New Rival Coin Secures $860,000

As the Shiba Inu (SHIB) price nosedives at the start of August, a hot new rival coin has just hit $860,000 in an accelerating presale.

SHIB dipped close to 5% on Friday hitting its lowest levels since early June around $0.000015.

The price slide comes after weak US jobs data rattled global markets and triggered a rise in recession fears.

Chart analysts suggests SHIB’s near-term prospects are looking very downbeat.

The meme coin found strong resistance at its 50 and 200DMAs in mid-July.

This sent a strong signal that the bears are in control of the market.

A near-term retest of support in the $0.000012 area is very likely.

Shiba Inu Price Nosedives While Hot New Rival Coin Secures $860,000 — SHIBUSD / Source: TradingView

While Shiba Inu craters, an exciting new rival coin called Shiba Shootout (SHIBASHOOT).

New Rival Coin Shiba Shootout (SHIBASHOOT) – A P2E and Passive Income Gem

Shiba Shootout is a Wild West-themed play-to-earn (P2E) meme coin.

And its P2E game has already been approved on Google Play and the Apple App Store. Its release is imminent.

To power its ongoing development and marketing endeavors, Shiba Shootout is conducting a presale of its native SHIBASHOOT token.

And demand is strong, with investors having already ploughed over $860,000 into the new rival coin.

BOOM!!!

Another huge achievement for #SHIBASHOOT

We've successfully raised over $800,000!

The excitement with #SHIBASHOOT keeps growing, stay tuned for more updates! pic.twitter.com/l6hZyaHhjk

— shibashootout (@shibashootout) July 29, 2024

35% of the SHIBASHOOT token supply is up for grabs during the presale.

20%, meanwhile, has been reserved for staking rewards.

Indeed, SHIBASHOOT is not only one of the most promising P2E projects in the market right now, but it’s also a passive income gem.

Presale investors can immediately stake their tokens for yields of around 1,200% APY, per the official website.

At those yields, a presale investor will be able to double their SHIBASHOOT bag in as little as a few weeks.

Crypto Experts Flock to Back Shiba Shootout

The rush amongst investors to secure their SHIBASHOOT bags comes as a number of crypto influencers come out in support of the project.

In Shiba Shootout, Michael Wrubel told his 312,000 YouTube subscribers that he thinks he has found the next 100x Shiba Inu gem.

ClayBro told his 130,000 YouTube subscribers that the game could make millionaires.

Austin Hilton also lauded the new rival coin to his 272,000 subscribers.

Analysts at Cryptonews.com are also huge fans of the token. They rank it amongst their best presales to buy now.

Those interested in learning more about the new rival coin should check out its official website.

Potential investors need to hurry, as the price rises in under one day.

1 day left before the next price increase!

1 $SHIBASHOOT = $0.0197

Join Shiba ShootOut Token! Stake, win, and have Wild West fun!

Don't miss out. Buy $SHIBASHOOT https://t.co/OmlNvMLbUw pic.twitter.com/AswaQJBiVk

— shibashootout (@shibashootout) August 2, 2024