The recent Shiba Inu price drop has remained one of its worst performances in years. The price fell over 55% in 90 days and closed in on a new multi-month low. This drop followed the double top formed on the Shiba Inu price action, posing a strong bearish signal. However, with the double top free fall hitting a new accumulation zone, investors project a new 45% rise.
But in rather brighter meme coin market news, the Panshibi presale continues to break boundaries and hit new sentiment. It is projecting a 100x breakout this year. That is many times higher than the Shiba Inu projection, but here is why.
Fundamental Factors Backing Shiba Inu’s Price Growth
The last few weeks saw a strong bearing on the Shiba price following a panic sell from investors. To make matters worse, the Shibarium News also reported a drop in trading activity. However, as the market tension slows, the Shiba Inu price also starts picking up. One primary reason is reducing noise from the new pump and dump meme coins that joined the market in January.
The January meme coin wave saw hundreds of new coins come in droves, shifting attention away from old players. Many of these meme coins are unable to hold on to their rise for long. Therefore, investors are now heading back to the old meme coins while remaining on the lookout for another worthy option.
Moreover, the Shiba Inu price formation has also shown a good point of entry for investors to reenter the coin. These factors have been the main reason for the recent correction in the Shiba Inu price.
Can The Shiba Inu Price Rise Beyond 45%?
The current speculation suggests the price could see a correction up to 45%. Other factors could see the price grow higher or lower as the year progresses. A part of this will be strategic changes to the Shiba Inu ecosystem. Shibarium’s latest report of a drop in activity reflects the low utility and partnership of the Shiba Inu coin.
However, given the recent price correction, a strategic partnership or significant upgrade to the coin could boost investors’ confidence. It could also cause the price to return to a new high.
Why is Panshibi Presale Generating So Much Hype?
The Panshibi memecoin is a new approach to meme coin focusing on Asian culture and the Panda global acceptance. The Panshibi presale has continued to attract investors in the last few weeks, with investors pointing at the potential for it to become the best Asian-themed meme coin.
However, beyond Asia culture, the approach of the Panshibi coin with the panda meme brings a fresh idea to the meme coin market, offering an opportunity for a fresh direction. The hype around the Panshibi presale stems from the coin’s potential to see a surge this year, with a presale rise up to 8x and a post-sale surge topping 100x.
Many investors believe this surge can help recover their portfolios from any losses they might have incurred during the last altcoin dip. However, the meme coin’s appeal has also pushed its growth, as many believe in its potential for rapid growth within a short timeframe.
The Panshibi presale structure is set to undergo 15 stages, hitting new milestones as it continues growing. However, it has completed 3 stages, with the price currently at $0.005 in stage 4. That means the price can only continue to rise from this point as the presale progresses.
Time is running out as the current price remains the best for joining the presale to maximize profit. Market sentiments suggest a 100x growth for the Panshibi price in the next few months, so don’t miss out on this opportunity.
Join the Panshibi ($SHIBI) presale and community:
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
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