Breaking News: Shiba Inu (SHIB) Faces Tough Competition from a New Token Poised for 7,000% Growth

The competition for the top spot in the meme coin niche has become stiffer as more and more memecoins with amazing utility are springing up by the day. Since investors are always looking for their next big cashout, this is why you find them switching from project to project.

Shiba Inu is a revered name in the meme coin niche. The memecoin has created multiple crypto millionaires and has a community teeming with investors and crypto enthusiasts. Notwithstanding, analysts are saying an upcoming hybrid meme coin will topple Shiba Inu, outperforming it to rake in over 7,000% for investors in 2023. 

This article will discuss Shiba Inu's price projection for 2023, what this new meme coin is all about, and why experts believe it is the next gold mine in the meme coin niche.

Shiba Inu Price Prediction for 2023

Shiba Inu has dropped almost 91% from its all-time high price of $0.000088. Shiba Inu is struggling to stay afloat, as it has gained almost 4% in the last 7 days but dropped almost 15% in the last 30 days. This continued drop in price confirms that Shiba Inu is in a downtrend.

While the price may have found strong support at the $0.0000082 price level, investors are still exiting their positions in mass numbers. The number of investors holding $100k+ of Shiba Inu has dropped from 1.2 million to 2,600 from the beginning of the year to April 23rd.

Technical indications are showing Shiba Inu's price may start a rally to the upside anytime soon. Experts believe this is possible if more investors come in to buy the bottom. Nonetheless, the majority of Shiba Inu investors are switching over to Pikamoon to recover losses on their portfolios and make massive profits in 2023.

What is Pikamoon?

Pikamoon is a disruptive GameFi project that is poised to revolutionise the crypto industry with its native token, $PIKA. $PIKA is a deflationary token that serves as the sole means of exchange in the Pikamoon marketplace. This makes $PIKA a high-utility token.

In addition, the delationary feature of the token makes it a sweet investment option for investors looking for steady and progressive growth in their portfolios. This is because 5% of all the tokens used in the Pikamoon marketplace will be permanently burned. This is done in order to reduce the number of tokens in circulation.

Since token supply is constantly reducing and demand is increasing, there will be a $PIKA token scarcity in the Pikamoon ecosystem. This will invariably lead to an increase in the value of the available $PIKA tokens in circulation. This explains why crypto whales are amassing as many tokens as they can because they know prices will skyrocket soon. 

Pikamoon's goal is to become a dominant force in the crypto industry, and this is why the core team has prioritised continued growth and innovation above all other things. 5 billion tokens of the total 50 billion $PIKA tokens to be minted will be diverted for the continued innovation of the Pikaverse over the next 10 years. 

From better reward systems to elevated aesthetics and improved gameplay, the Pikamoon game will experience diverse and continued innovation over the next ten years. This means investors will earn more returns on their portfolios, gamers will enjoy a better user experience, and both will earn handsome rewards. 

With all these features and plans put in place, we can all agree that there's presently no project like Pikamoon in the P2E industry. This is why investors are particular about amassing enough tokens in the presale sale stage to secure massive profits in 2023.

Pikamoon Presale: The Easiest Way to Make Massive Profits in 2023

The Pikamoon presale is everything analysts and investors are talking about and more. Experts believe Pikamoon will print more millionaires this year than any other meme coin. This is already evident in the presale stage, and early investors are already making profits.

Pikamoon is in the second round of its presale, and tokens are selling for as little as $0.0004. The third and final stage of the presale will see the price quickly rise to $0.0006 or more. This means early investors will be banking profits before the coin launches. This is an opportunity you don't want to miss out on. Get in on the Pikamoon presale now!

Find out more about Pikamoon (PIKA):

Buy Now: https://pikamoon.io/buy

Website: https://pikamoon.io

Twitter: https://twitter.com/Pikamooncoin

Telegram: https://t.me/pikamoonofficial