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The Shiba Inu price has been a focal point for meme coin investors, but a new competitor, Panshibi, is quickly gaining attention. As SHIB holders begin to shift their focus, many are drawn to this viral panda meme, backed by substantial support from big Asian markets. In this article, we’ll explore why Panshibi (SHIBI) is emerging as a serious contender to Shiba Inu and what factors are driving the growing interest in this meme coin.
Shiba Inu is losing credibility with its investors as most choose to close their positions. The Shiba Inu price has declined by 21% in the last month, with the pressure from the global slowdown and fears over its sustainability as a meme coin. Following 18 red days in the same timeframe, roughly 60% of SHIB holders are in the red.
Recent news indicates that more and more holders are opting to liquidate their SHIB holdings, creating more selling pressure. This exodus is further fueled by the absence of developments in Shiba Inu, which many believe has not been able to keep up with the changing crypto environment.
Moreover, Shiba Inu is also subject to market fluctuations due to its excessive dependence on speculation as well as hype. SHIB cannot create stable use cases, and this is a reason for skepticism regarding its long-term value. Although Shiba Inu devs are occupied with projects such as ShibaSwap, a 91% decline in transactions in Shibarium is a reason for concern.
Investors are rushing towards panda-named Panshibi, fueled by its substantial backing in Asia's enormous markets. With the project gaining momentum, its special emphasis on the environment resonates with an increasing global movement of investors and conservationists.
Panshibi finds its origins in the Bamboo Valley, a decentralized ecosystem that benefits token holders through enabling them to engage in an array of activities with the additional goal of advancing the conservation of pandas. The more tokens are staked as $SHIBI, the more backing comes to real-world projects dedicated to panda and panda habitat conservation.
The combination of cryptocurrency and eco-activism is a strong attraction for those who want to contribute while benefiting from the rewards of a healthy digital environment. Additionally, the Asian market has always been deeply associated with pandas, so Panshibi is a natural choice.
The Bamboo Valley network holds the holders to not only be passive investors but also be actively engaged in a purpose higher than themselves. Every time they make a transaction, $SHIBI users help to save one of the world's most iconic animals, making this meme coin something positive to be found in the cryptocurrency world.
With the recent market decline, Shiba Inu appears to be losing steam. But Panshibi maintains its stellar 150% price hike in the fourth phase of its presale. At $0.005 per SHIBI token, investors can take advantage of Panshibi's offerings. Act now before the next price hike.
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