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You can expect a reshuffling at the top of the crypto ranks, especially among meme coins. The Official Trump Coin has already tried to enter the top ranks, but that was only a meme coin doing meme coin things.
Solana is navigating a low period at the moment, and there's even more bearish news coming for the Solana price prediction. Meanwhile, Panshibi is trending, as the presale is already in its 4th stage. That's over $1 million raised in less than a month.
No one wants to miss out on SHIBI; here's why.
Like many DeFi coins, SOL has been stuck in the hands of the bears for over a week now. Chances at a rebound are seemingly low as the token continues to struggle with low resistance levels.
Solana trades at $174 on CoinMarketCap, over 9% down on the weekly charts. The last time the token was even remotely around that price mark was during the Christmas dip. This time, it's not just a DeFi depression–Solana is behind its own decline.
The market metrics Relative Strength Index and Money Flow Index are slipping lower at 30.58 and 37.61. That should mean a rebound is underway, as the metrics are so close to oversold levels on Solana. But the token is still some ways off a rebound.
The SOL price might be set for even lower levels as the trading community is setting its eyes on more profitable projects like Panshibi. What's worse is that the Panshibi project is not even a Solana-based meme that’s some bad luck for the SOL network.
Now, as though the declining Solana price is not enough, the platform has rolled out a date for a mass token unlock in March. In less than two weeks, about 11.2 million Solana coins will enter circulation, diluting the current Solana price.
With the decreasing DEX activity on Solana and the negative sentiment from traders, analysts have tipped Solana for a $125 dip in the near future. The Solana price prediction is not looking great, even for holders, as the token might be headed for even worse lows than $174.
So, Solana cannot be your sole backup for gains, at least not for Q1. Add a little Panshibi (SHIBI) to the mix.
The most significant upgrades in the crypto-verse occur on DeFi projects, but the Panshibi ecosystem is bringing up the standard in the meme coin sector. From pump-and-dump projects, memes will soon be adding more utilities to their launches.
The Panshibi tokens will be in-game currency for users who choose to complete their quests on the token platform. The platform is open for exploration, too, and it is essentially a replica of the lush greens of the Asian continent, with some pandas to create an appealing, relaxing effect on everyone who goes to Panshibi.
In addition to rewards from completing quests, there's a staking protocol where users will be able to draw yields from their SHIBI staking. As they strengthen the network, they will be entitled to huge APY returns.
Still, the biggest gains will come after the launch of the SHIBI coins. They have been scheduled to list first on the centralized exchanges, including Binance, ByBit, and Coinbase. There, institutional traders get the Panshibi project to start on a flying note, and the anticipated returns are pegged at 140,000%.
The key is getting your SHIBI tokens early.
The SHIBI tokens are already selling out fast, as traders want to be first in line for the post-launch gains. The presale is in stage 4, and you still have a chance at 400% even before the tokens launch.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
