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The news of a proposed federal crypto reserve in the US has shaken the crypto market since last Thursday. Now that most of the top altcoins, especially Ripple, are in bearish zones, traders are already looking out for the Ripple price prediction.
On the flip side, since it's looking like a profit race is brewing, the Panshibi token is expected to be in the lead soon enough. The presale has been a blistering success despite the crypto dip, and SHIBI could be off to a 50x surge really soon.
Watch out for the Panshibi project.
Last week, US president Donald Trump signed an executive order before the White House Summit on Friday, stating that the Federal government will now be looking to establish a crypto reserve to serve as a hedge fund against inflation. Owing to Bitcoin's strength and relative stability, the reserve was bound to include the pioneer token.
An initial statement around the proposed strategic reserve led investors to think that other top altcoins like Ripple would be included in the reserve. But on further clarification from Trump, the reserve will not be focusing on other top altcoins just yet.
Now, that statement was emphasized at the White House Crypto Summit, dashing any hopes for a favourable Ripple price prediction from investors. The Ripple price has dipped to $2.20, accumulating 12.2% weekly losses.
Predicting the future of crypto tokens is a tricky business, as the day-to-day changes in events mean many different potential trajectories for the XRP price. At the moment, there's a huge selloff on the Ripple charts, even as market volume is high.
One of the Ripple whales has moved about 167 million Ripple tokens to an unknown address, and the intent behind such a move is still up for contention. With the current downtrends on the token, whale sales will drive Ripple to oversold territory real quickly.
Even before XRP gets to oversold status, experts expect a price rebound on the Ripple charts. The Ripple price prediction is not a total write-off for the bears just yet; there’s a decent chance at a spike to $3.
But while Ripple and its traders grapple with the short-term bearishness, the Panshibi army is cooking up a revolution.
The meme sector is in need of a revamp, and quickly too, as even the top memes like Dogecoin and Shiba Inu are starting to lose relevance in the crypto market. For now, there's one way to get memes back into the mainstream: providing utility.
The utility on Panshibi comes in many ways. First, there's an interesting mix of AI elements, SocialFi, and abundant memes on the explorable landscape to keep the average crypto explorer hooked. Surrounded by such aesthetics and a checklist of solo quests, there's no way Panshibi won't keep its users coming back, DeFi trader or not.
Of course, users will be able to gain more SHIBI coins by successfully completing their quests. The quests are solo for a reason, too; the competitiveness that ruined the fun on the Metaverse is absent on Panshibi. Users get to complete their missions at their own pace and earn SHIBI tokens.
One more on the utility talk is Panshibi's staking protocol, where traders stake their SHIBI tokens to earn annual yields. With competitive APY rates, SHIBI investors have almost guaranteed profits for the future.
The SHIBI coins are still up for sale, with each one selling for $0.005. The expected launch price is about $0.026, leaving presale gains at about 400% if you invest now.
However, the big gains come after the token launch. SHIBI will be listed on the CEXs first, increasing its appeal to institutional traders.
Join the Panshibi ($SHIBI) presale and community:
Telegram: https://t.me/panshibi
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Website: https://panshibi.com
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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.
