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With Bitcoin and Cardano’s momentum waning, an expert suggests including Panshibi in portfolios.
In 2024, Bitcoin (BTC) experienced significant growth. However, its price is currently consolidating. Additionally, recent news regarding Cardano (ADA) indicates a bearish outlook.
In contrast, Panshibi (SHIBI) is getting attention as a promising option. A prominent expert suggests that the new altcoin could experience a massive rally following its launch, with a target of 100x gains.
More chops for the Bitcoin price
The Bitcoin price is currently trading sideways. An analyst shared that new capital has been going to BTC these past weeks, even though its price hasn’t really moved. This isn’t very surprising as it takes millions of dollars actually to move the Bitcoin price in any direction.
Because of this, experts believe that BTC will continue to chop.
Cardano shows big sell-offs
According to recent data, Cardano whales have sold over 180 million ADA tokens. ADA is currently trading at $0.91, with a dip of over 8% in the past week.
This drop in price is mainly because of the recent sell-offs. Experts believe Cardano whales are selling because of ADA’s slow movements, with the crypto failing to go back above $1 after the post-elections rally.
This shows that Cardano is losing strength and maybe even interest from the market. As such, experts believe that ADA’s price will continue to fall or remain in its current range for the coming weeks.
Panshibi: The new frontier in memecoins
Panshibi is a brand new memecoin that’s set to launch in 56 days. As a new memecoin, Panshibi has massive potential ahead, with its launch coming at a time when memecoins are still dominating the market. Panshibi also brings a new vision to the market, combining three huge communities – Asia, pandas, and memecoins.
Panshibi isn’t just a regular memecoin. This project comes with utility and long-term potential. Its tokenomics show that 60% of the total SHIBI supply will be allocated to the presale and another 15% for staking and community rewards. The rest will be set aside for marketing and CEX listings.
As for the roadmap, Panshibi plans to grow its community by offering lucrative staking rewards, access to NFTs, and participating in charities. All of these are set to boost Panshibi’s visibility and allure to the general population.
Conclusion
SHIBI is currently in Stage 1 of its presale, offering tokens at $0.002. Joining in Stage 1 could bring 1,200% presale gains, as SHIBI is set to launch at $0.026.
However, these gains could be short compared to what SHIBI might bring after it launches. Since SHIBI has potential and is focused on growth, experts see its price rising by 100x. They also believe that SHIBI will continue its run after that, potentially becoming a major player in the crypto space.
For more information on Panshibi, visit their website, Telegram, or Twitter.
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