Most of the memes are trading in reverse already, but it’s worse for Dogecoin, as news updates and Bitcoin’s price movements have forced the DOGE price into further decline. More Dogecoin traders are selling out their tokens to start investing in newer, more viable projects.
The Panshibi meme coin is one of the new tokens with massive potential for a spike this year. SHIBI coins are already quite the sensation, thanks to the presale, and everyone wants some now that they know just how much profits they can make from Panshibi investments.
Watch out for more on the new meme project.
Why Is the Dogecoin Price Down?
The meme sector started with Dogecoin’s launch in 2013, when the token was only one for traders to laugh with. Dogecoin supplied memes only for laughs and that was how the token built its following.
Now, the objectives have shifted, as Dogecoin seems a lot more concerned with the price movements and rallies instead of meme creation. The lack of utility from the Dogecoin token also makes it quite difficult for a rally to spring up randomly. In the same vein, the Dogecoin price closely follows Bitcoin’s price movements, meaning that a DOGE price spike can only come after Bitcoin surges.
Now that Bitcoin is dealing with resistance at the $90,000 mark, the Dogecoin price is trading below its $0.21 support level. DOGE is trading at $0.1636, with 7.4% weekly losses in tow.
Where Is the Dogecoin Price Headed?
Dogecoin’s latest resistance levels appeared after the token slumped from its seven-day peak at $0.2045 on Wednesday. The DOGE token has been slipping to further lows ever since, and the most immediate resistance level is at $0.175.
For now, it’s up to the bulls to save the Dogecoin price from falling even lower to $0.15. However, the DOGE whales will need convincing to stay and sway the token price, as some of them are already purchasing tokens on other more vibrant meme projects.
Panshibi is seeing an influx of other meme coin traders on its presale website as the revenue only keeps rising. With Elon Musk’s statement that the US government won’t be using Dogecoin in its Department Of Government Efficiency (DOGE), there’s no hype in sight for the pioneer meme coin.
Panshibi (SHIBI) could be the only hope for meme traders.
Panshibi: Community at the Center of the Ecosystem
Every now and again, a meme coin launches with apparently no utilities to offer users and manages to strike a great presale/launch. Here we have a new meme coin that is offering memes and a fun time as well as passive income streams for its users.
The tokenomics on Panshibi are suggestive of a transparent, reliable blockchain, as the Devs are planning to have about 75% of the 2 billion tokens in the hands of the community. There’s1.2 billion tokens assigned to the ongoing presale, and an extra 15% of the total supply will go to the rewards.
More than that, there’s staking on Panshibi, where users deposit their tokens to strengthen the network and provide liquidity for operations on the blockchain. The staking rewards are on par with the best in the crypto-verse–and that’s probably why investors are interested.
And as for fun time, Panshibi sports an AI-enhanced virtual world, one with avatars for the users and a mimic of the natural environment in Asia. Users can complete solo quests for SHIBI coin rewards at their own pace.
On the SHIBI platform, there is something for everyone. Join the presale today.
Get your SHIBI tokens today!
The SHIBI coins are the rave in the meme coin space now, and even Dogecoin traders want a bit of Panshibi in their portfolios. The presale offers SHIBI coins at $0.005 for now, and that’s about 400% in presale ROI, but only if you invest now.
The target is the post-launch rally, tipped to be about 100x. That’s the one everyone is hunting for.
Join the Panshibi ($SHIBI) presale and community:
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.