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Dogecoin and BONK may face price drops as Panshibi gains traction, raising over $350,000 in presale.
Long-standing favorites Dogecoin (DOGE) and BONK (BONK) are experiencing possible price drops as the new competitor Panshibi (SHIBI) is acquiring popularity. Panshibi is getting ready to take a sizable chunk of the meme coin market since its presale has already raised over $ 350,000.
Read on to find out why DOGE and BONK investors are swarming to this fresh crypto project.
Dogecoin News: DOGE prediction looks unclear
According to recent Dogecoin news, the altcoin is currently experiencing difficulties. Dogecoin has thus gone below a $50 billion market cap, a level of psychological resistance deemed to be rather important. Though it is under increased competition from younger meme coins that are more utilitarian, Dogecoin stays at the top of the meme coin hierarchy despite its recent fall.
Making a Dogecoin price prediction right now from this Dogecoin news could be difficult since Dogecoin is obviously demonstrating a bearish trend, and it can likely decline below $0.30 very soon. Still, Dogecoin has strong basic principles and is becoming more and more popular as a payment method, especially on gaming streaming sites.
One further benefit of Dogecoin is that it has lately attracted support from eminent figures like Elon Musk. Long-term holders are renewing interest by wagering on forthcoming events such as connections with blockchain-based apps.
BONK struggles for stability
Having suffered a dramatic 23% drop in the past month, BONK is not finding more luck than Dogecoin. With its community-oriented airdrops, BONK created waves as the first Solana-based dog-themed meme coin attracted notice, but, its lack of functionality has limited BONK’s path.
BONK’s difficulties result from a few notable updates in recent months. Although general adoption among Solana users fueled initial excitement, the project has not added fresh features to keep momentum. Whale activity has dropped, according to on-chain research, as big holders cut their positions.
Though BONK’s community is still active, the lack of roadmaps or alliances has led investors looking for substitutes like Panshibi. Analysts predict BONK may suffer a 30% drop should it fail to provide new developments shortly.
Panshibi attracts DOGE and BONK investors
While BONK and Dogecoin present difficulties, Panshibi is redefining memes currency, which is attractive to investors seeking passive income. The project provides real advantages like high-yield staking with APYs of up to 1,200%.
Transparency is another important feature of the crypto project; a thoroughly audited smart contract and a liquidity pool locked for ten years guarantees trust and security. With elements to suit a range of tastes among community-oriented investors and players, Panshibi also has an innovative and very appealing design.
Inspired by the cute panda, this Asia-themed token engages its community by including gamification and social-fi technologies. Panshibi is more than simply a speculative asset since token holders can engage in interactive missions to gain rewards. With a dynamic pricing approach that honors early adopters, Panshibi’s token presale is gathering some significant momentum. Additionally accessible to buyers is the Bamboo Private VIP Members Club, which offers early access to upcoming projects and special offers.
Buy SHIBI now to enjoy massive profits
BONK and DOGE investors are moving all their investors to the Panshibi project because of its long-term liquidity; hence, its presale has garnered huge support. The Panshibi presale is in Stage 2, and each token is sold for $0.003 at this stage.
Already, the SHIBI presale has crossed the $250,000 mark with over $350,000 raised and over 50% of the allocated tokens in this round purchased. Investors seeking high-potential tokens they can HODL are rushing to the $SHIBI presale with high hopes of making huge gains.
The Panshibi token presale gives investors the opportunity to buy with crypto or pay with a card to make it easier for them to participate. By the end of the presale, the SHIBI price will rise over 1200%, and there will be further growth of over 100,000% post-launch.
To learn more about Panshibi, visit its website, Telegram, and Twitter,
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