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Monero and Litecoin investors may have just discovered a gold mine in Panshibi (SHIBI). The altcoin holders are rushing to buy the presale as they believe it could be the next crypto coin to embark on an incredibly bullish run.
Panshibi is exhibiting early signs of success, pulling viral numbers like successful meme coins in past cycles. As such, Monero and Litecoin investors are keying into its growing community strength as fuel for an explosive price action.
Monero (XMR) has completely reversed its losses in the last 30 days. Monero posts an 8% uptick within this period, as CoinMarketCap reveals. At the time of writing, Monero (XMR) is trading at $236.52, showing almost a 100% year-to-date gain. Analysts expect a sustained bullish momentum from XMR since breaching the $228.6 resistance.
Monero now trades around its near-resistance zone at $236.57 and holders expect further bullish movement. The incredible recovery run suggests that Monero could set a new yearly high above $243.03 and gradually attempt to break $300.
Moreover, the launch of the Monero Cuprate node has increased attention to the network. By reducing sync time, the node boosts decentralization and network security. Monero is also gaining real-world adoption, which contributes to its growing bullish momentum.
Analysts say Monero will likely maintain its surge beyond the $236.78 resistance this time after failing below the price the last time it breached the zone.
Litecoin news reveals that LTC has remained under $150 for over a year despite its 94.39% pump over the last six months. Despite the strong resistance at $140, investors are counting on a breakout above the price market for exciting price movements.
However, Litecoin will first have to breach its near resistance at $132. As of this report, Litecoin (LTC) surged to this price zone but was unable to retain it. It currently trades at $125.32, but it's expected to retest the resistance soon.
The optimism surrounding the Litecoin ETF is positively affecting the LTC price. According to Litecoin news, LTC surged over 18% in the past week after Eric Balchunas revealed it is leading the race for ETF approval. This is proof of the positive effect the ETF is having on Litecoin. LTC holders are optimistic about an above-$150 price before the first quarter ends and it's looking feasible.
Entering Panshibi's (SHIBI) presale early could be like hitting the jackpot, as it looks like it will replicate the typical meme coin success recorded in past bull cycles. The Panda-themed meme coin is generating high buzz and crypto smart money could enjoy massive returns from the meme coin.
Panshibi is currently low-priced, valued at $0.005 on the Stage 4 presale. Smart investors could take advantage of this opportunity to buy low and earn up to 400% returns at the $0.026 listing price or target even higher gains after launch.
Experts believe SHIBI holds the most bullish potential once the presale is over. Analysts expect the panda-themed community to grow bigger as the team executes other significant milestones in the roadmap, such as top-tier exchange listings.
Within a few weeks, Panshibi raised over $980,000 through presale. The presale will last only 60 days, with less than five weeks left until launch. As the price is expected to increase at the end of each stage, the current Stage 4 price offers the cheapest entry possible ahead of listing.
Panshibi is community-focused and this will play a key role in its success. The meme coin will leverage community strength to gain traction and improve its adoption after it launches. Holders will have access to unique rewards and passive income opportunities, including a 1,200% APY on the staking program.
Monero (XMR) and Litecoin (LTC) investors believe buying SHIBI on presale should be the safer strategy amid recent market volatility. Panshibi is currently on presale and this allows for both the cheapest entry possible and the highest profit margin. However, since the presale price is controlled, investors can avoid recent volatility on altcoins by betting on the prospect of 90,000% gains on SHIBI.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
