crypto Market Update: shiba Inu Price Nosedives, While shiba Shootout Soars
As the crypto market experiences turbulence, the shiba Inu (SHIB) price has taken a nosedive at the start of August, dropping by 5%, hitting its lowest point since early June at around $0.000015.
The recent price decline can be attributed to weak US jobs data, which has had a ripple effect on global markets and sparked fears of an impending recession.
Technical analysts are painting a bleak picture for SHIB’s short-term trajectory, with the coin facing strong resistance at its 50 and 200-day moving averages in mid-July, indicating bearish dominance in the market.
Amidst shiba Inu's struggles, a new player has emerged in the crypto space, offering a glimmer of hope for investors - 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 that has garnered significant attention in the crypto community.
The project has already received approval for its P2E game on Google Play and the Apple App Store, and its upcoming release has generated excitement among investors.
To fuel its development and marketing efforts, shiba Shootout is currently conducting a presale of its native token, SHIBASHOOT, which has attracted over $860,000 in investments.
During the presale, 35% of the SHIBASHOOT token supply is available for purchase, with an additional 20% reserved for staking rewards, offering investors the opportunity to earn passive income through staking.
With a projected 1,200% annual percentage yield (APY) for staking, early investors in the presale stand to potentially double their holdings in a matter of weeks.
crypto Experts Back shiba Shootout
The buzz surrounding shiba Shootout has caught the attention of prominent crypto influencers, who have expressed support for the project.
Michael Wrubel, with a substantial following on YouTube, touted shiba Shootout as a potential 100x gem akin to shiba Inu, while ClayBro and Austin Hilton also endorsed the project to their respective subscriber bases.
Analysts at Cryptonews.com have also highlighted shiba Shootout as one of the top presales to watch, underscoring its potential for growth and profitability in the evolving crypto landscape.
As interest in shiba Shootout continues to surge, time is of the essence for investors looking to capitalize on the project's momentum, as the price is set to rise in the near future.
For more information on shiba Shootout and to participate in the presale, visit the official website before the next price increase.
