Kaspa is struggling to catch breath amid the broader market downtrend. With the dispiriting price trajectory of top altcoins like $KAS, presales are back in the spotlight.
A hot crypto presale of this season is Shiba Shootout ($SHIBASHOOT), which just broke past the $1 million milestone.
Is Kaspa flatlining into 2025?
Kaspa has recorded a 350% jump in a year.
But it has been showcasing lackluster performance over the last few weeks. KAS has plummeted 18% in a month as bearish sentiments swept off the market.
Kaspa (KAS) one-year price action, source: CoinMarketCap
If the broader market continues to dip in September, Kaspa is unlikely to hold onto its current support levels. As long-term investors settle for lower profits, It will slide down the charts.
Although September is not a bullish month historically, it could be different this time. The market has been on a slow descent since the post-halving rally ended. A bull run is long due. If Bitcoin is to touch $100K as predicted by top financial institutions and crypto analysts, the action has to begin soon.
For strategic investors, the current dip is an excellent opportunity to get a cheap entry to top altcoins like Kaspa. In the next bull cycle, Kaspa (KAS) is one of the most promising cryptos to watch.
Analysts like King Crypto have been sharing positive outlooks for the coin.
Pay close attention to the @kaspacurrency chart, a serious accumulation is ongoing between $0.156 – $0.175.
Las time a similar accumulation occurred between $0.11 and $0.13, $KAS did a 78% pump afterwards.
Not sure when we’ll break out of this accumulation… pic.twitter.com/lq0CUCSzXp
— King Crypto (@__kingcrypto__) August 29, 2024
Shiba Shootout is Sizzling Hot Now – Here’s Why
Like Kaspa, Shiba Shootout is a utility-oriented crypto. It is backed by a play-to-earn project that has already gone live for Android and iOS devices.
But the meme coin avatar gives a strong competitive edge to $SHIBASHOOT, along with its low initial market cap and discounted presale prices.
The presale of $SHIBASHOOT is rapidly progressing, having already crossed the $1 million milestone.
On the thematic front, Shiba Shootout combines Wild West with the thrill of crypto. It could be best compared to projects like Floki Inu, more than Kaspa. It remains to be seen whether SHIBASHOOT can join the ranks of FLOKI, but the project is emerging to be a strong contender in the play-to-earn (P2E) market.
As the native token, $SHIBASHOOT shows both utility and investment potential. Skilled video gamers stand to make attractive returns from the game through active participation.
Credibility First, Virality Next
As discussed above, the Shiba Shootout play-to-earn game is available for download on iOS and Android devices. Most of the time, tokens are launched before showing any real product.
Launching its game first, Shiba Shootout sets a new benchmark for play-to-earn projects. The project has also completed an extensive security audit by SolidProof, ensuring its technical competence.
In a short space of time since its inception, Shiba Shootout has managed to build a rapidly growing community. The Shiba Shootout Telegram community has expanded to over 5,600 members already.
Influential crypto voices like Cryptonews have been sharing positive reviews of $SHIBASHOOT.
Shiba Inu Struggles, Investors Jump Ship to Shiba Shootout
Shiba Inu’s days of glory seem to be behind it. After peaking in 2021, Shiba Inu has struggled to inspire investors with a strong price performance.
Shiba Shootout comes as a breath of fresh air to $SHIB investors. Packed with play-to-earn utility, Shiba Shootout strengthens its source of organic demand. That gives it decent immunity to wild market turns.
Shiba Inu one-month price action, source: CoinMarketCap
However, Shiba Shootout isn’t just about gaming. Multiple opportunities for income are available on the platform. For example, Posse Rewards allows users to earn income by referring friends. Cactus Staking offers substantial returns for those who stake early. The staking APY stood above 800% at the time of this writing.
Investors can join the presale using popular wallets like Metamask, Wallet Connect, Best Wallet or Coinbase Wallet. It also supports fiat purchases.
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