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The Shiba Inu price surged 3% in the last 24 hours to trade at $0.00001946 as of 03:13 a.m. EST on trading volume that dropped 20% to $480 million.
This comes as Binance crypto exchange, announced the launch of a meme coin duel between Shiba Inu (SHIB) and its major rival Dogecoin (DOGE). As a reward, Binance has offered $100,000 in token vouchers for the two-week competition, identified as the Battle of the Meme dogs.
Battle of the meme: Doge vs Shiba Inu
Join the Memecoin Duel to share $100,000 in token vouchers!
Find out more ⤵️https://t.co/AKjz84IMjh pic.twitter.com/JgDxykRhLd
— Binance (@binance) July 16, 2024
The competition is set to run from July 12 to July 26, with participants expected to join either the SHIB or DOGE teams and compete daily on permanent tasks to earn points.
All participants need to do is log in to their Binance accounts, visit the activity page, and confirm their participation in the promotion by joining Team Shiba or Team Doge. After confirmation, users can then complete daily tasks to earn points.
Shiba Inu Price To Sustain Its Surge Over The Rising Channel
The Shiba Inu price is currently coming from a consolidation phase from the $0.00001615 range, as it soared through a markup phase and within a rising channel pattern, according to data from GeckoTerminal.
SHIB price trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a sign that the price of Shiba Inu is set to soar in the coming days.
Moreover, the Relative Strength Index (RSI) is climbing up, currently over the 50-midline level at 54, which shows that buyers are actively adding to their buying positions.
If the buying continues, the Shiba Inu price may break above the psychological barrier at $0.000020, as the bulls target $0.0000220.
Conversely, if the bears take control of the price at this level, SHIB may retrace back to the $0.00001893 support (50-day SMA).
As the SHIB price soars, other investors are rushing to buy its derivative, Shiba Shootout (SHIBASHOOT), as it amasses over $683K in its ongoing presale.
Shiba Shootout Presale Blasts Past $683K, Best Alternative To Buy Now?
Shiba Shootout draws its inspiration from the legendary meme coin titan Shiba Inu and takes its token holders on a journey into the crypto Wild West.
Saddle up! #ShibaShootout is more than a #memecoin it's a Wild West crypto adventure! 🐾💥
Join Marshal Shiba & the Sharpshooters in Shiba Gulch for fun and excitement. 🤠🚀 pic.twitter.com/a3BFVx7u42
— shibashootout (@shibashootout) July 1, 2024
The project goes beyond the conventional limits of meme coins, taking the holder on a captivating adventure filled with creativity, strategic gameplay, and the allure of a cowboy’s high-stakes showdown.
Master #Crypto strategy with #Shiba cowboys in thrilling duels for big rewards! 🌟 Join the adventure!
Sign up now to get your free $SHIBASHOOT tokens!
Jump in the fun! 🚀 https://t.co/jCeu7XMBqR pic.twitter.com/YjlGaaluBT
— shibashootout (@shibashootout) June 28, 2024
The game is built around the town of Shiba Gulch, a bustling digital settlement that is a favorite with Shiba lovers who come together to challenge each other.
It also features a play-to-earn (P2E) game available on Google Play and the Apple App Store, allowing players to earn its $SHIBASHOOT token.
Apart from P2E crypto gaming in Shiba Gulch, $SHIBASHOOT holders can also easily earn passively through the platform’s staking mechanism, which offers 1,480% in annual rewards.
According to the crypto channel 99Bitcoins, with more than 705k subscribers, investors who buy $SHIBASHOOT can earn “insane rewards.“
Join the action today by buying the token for only $0.0195. But hurry, as the price will increase in less than seven days.
You can buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.
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