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Floki’s success faces a challenge as new memecoin Shiba Shootout raises $1M in presale, catching Floki’s top fans’ eye.
Floki has had a successful year – but a new memecoin is stealing its thunder.
Presale token Shiba Shootout (SHIBASHOOT) has already raised $1 million and drawn attention from a prominent Floki community member. It’s a new Play-to-Earn memecoin with several novel utilities – let’s dig deeper.
Michael Wrubel is bullish on Floki but says Shiba Shootout can 100x
Michael Wruber, an esteemed trader with over 300K YouTube subscribers, says Floki could be the next Shiba Inu but has higher hopes for Shiba Shootout.
Wrubel believes Floki could become an industry-leading memecoin. More specifically, he says, “I’m expecting Floki to be the next Dogecoin or Shiba Inu.”
He goes on to underscore several of Floki’s advantages over other meme coins, like it’s high-octane Play-to-Earn (P2E) game Valhalla and a smart contact vault.
“It has added so much utility and become so much more than a meme coin,” he said.
However, with its market cap already at $1.1 billion, Floki’s upside is largely capped.
This is why Wrubel is seeking newer alternatives like Shiba Shootout, which he predicts has massive potential.
He posted a video saying he “found the next 100x Shiba Inu.”
“I invested in the Shiba Shootout presale. The cool thing about it is that it mimics the success of Shiba Inu. Many projects have done this in the past, and it’s a very proven way to launch,” he said.
However, Shiba Shootout is much more than a rag-tag Shiba Inu copycat. Quite like Floki, Wrubel talks about how the Shiba Shootout ecosystem will be jam-packed with utilities, including a P2E game.
Memecoin showdown: Floki Valhalla vs Shiba Sharpshooter
Akin to Floki, Shiba Shootout’s big draw is its P2E game. This is the main feature driving investment into the presale.
But how does it stack up against Floki’s Valhalla game?
First, let’s note that Floki has experienced a phenomenal performance recently, up 624% year-on-year. And a big part of its growth comes from its “memecoin with utility” narrative, fueled by the allure of its Valhalla game.
The fact that Shiba Shootout has a similar narrative is a good sign.
Floki’s Valhalla is a Viking-themed open-world game in which players can explore, battle, create clans, complete quests, and interact with others in an epic new world.
Its website reveals there are 8,036 active players, and the game has processed over 400,000 transactions.
Meanwhile, Shiba Sharpshooter is set in Shiba Gulch, a bustling digital settlement lined with dusty streets and Shiba Inu dogs galloping around on horseback.
The game involves epic gun battles, where timing and precision are key to victory. It’s an intense yet addictive draw-and-shoot game where players must outwit their opponent to win.
Although the project is in its presale stage, the team wasted no time getting started.
The game already has a beta version live in the App Store and Google Play Store, allowing Shiba Shootout fans to experience the frontier excitement immediately.
Which one is better ultimately boils down to gamers’ preferences – both have different concepts but are intriguing in their own right. However, there’s undoubtedly a huge inefficiency in terms of pricing.
While Floki has a $1.1 billion market cap, Shiba Shootout, which is also a memecoin with a game, has raised just over $1 million – under 1,000x less than Floki’s market cap.
Looking ahead, this could allow Shiba Shootout to outpace Floki in terms of price appreciation.
Venturing beyond P2E: Shiba Shootout’s utility roaster is huge
Shiba Shootout stands out from other memecoins with an extensive selection of utilities.
Beyond its P2E game, it also offers staking and has plans for on-chain governance, a lottery system, incentivized community storytelling sessions, and more.
It’s a model ecosystem underpinned by the virality of the Shiba Inu meme. In addition to support from high-profile investors like Michael Wrubel, thousands of others are gravitating to the new project.
The Shiba Shootout X has amassed over 2,100 followers, and its official Telegram has 5,700 members.
For more information, visit the official Shiba Shootout presale website.
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This article first appeared at crypto.news
