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Andy Watson
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The top crypto meme coins are amongst the most bearish in the last few weeks, with many seeing a bear hit up to 50% price drop in 30 days. Various theories about the fall exist, but none has found the exact factor causing the dip. The Pepecoin price prediction has also pointed to a further crash which could take the price to a new low.
This period in the meme coin market is a roller-coaster, with new meme coins causing a big bearish hit for the old market players. At least 20 new meme coins caught the market’s attention in the last few weeks. However, while many new market entrants have seen a sharp rise and dump, their impact has continued to cause a declining reputation for the top market meme coins.
However, with the latest breakout below major support on the Pepe price chart, analysts’ recent Pepecoin price prediction shows it might be heading out of the top spot. However, Panshibi is heading towards a replacement after its presale.
Will Pepecoin Price Prediction Have Any Effect on the Actual Price
The exciting part about crypto price predictions is that they give foresight to projects where the coin could be in the future using a combination of price action and other factors. But while it might not be spot on, the ranges are always close to the figure. Diverging opinions also offer a middle ground when there is confusion amongst analysts. The Pepecoin price prediction, however, is no exception, with a growing number of analysts suggesting the coin could be losing its viral tone.
Pepe the Frog was one of the most viral memes last year, and it saw a following that quickly took Pepecoin on an uptrend close to 3000% during the year. However, the ATH marks the end of the coin’s viral push, falling over 70% from the ATH in the last 3 months. The Pepecoin price prediction in the last few weeks suggests it is still going further down in a rally, which could be fueled by a panic sale. However, while the Pepecoin price prediction is not written in stone, speculation draws from the price action as the latest move shows it is below 7 months SMA.
Why Panshibi Could Be the Next Viral Memecoin
A factor that contributed to the popularity of Pepecoin is the Frog meme. This familiar tone instantly boosted it as a viral meme coin. However, as the Frog meme dropped in popularity, the Pepe meme coin also followed. However, the Panshibi meme is set to stand the test of time using the most favorite animal in Asia, the Panda.
There are thousands of memes with the panda including an animation with this animal, showing how beloved the panda is. This has continued fueling the predictions from analysts that the Panshibi meme coin could become the most viral meme coin this year, replacing most of the current top memecoins. Interestingly, the Panshibi presale has been getting a high following, raising over $1.16 million in the last few weeks.
However, with 11 stages remaining in the Panshibi meme coin presale, experts believe it could see a rise of up to $10M in market cap. This rise is projected to see investors getting up to 100x after the coin goes live officially. The token price is currently at $0.005 and is set to continue rising as it sets to launch at an official market rate of $0.026, giving investors over 5x before the end of the presale.
Don’t miss out on the next viral meme coin this year. Start your investment with the Panshibi meme coin today.
You can participate in the Panshibi presale for $0.005 per token on the website, Telegram channel, and X page.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
