Solana Likely to Fall Up to 20% Next Month But Why? What Is This Latest Craze Called Panshibi?

Solana SOL $141.0 24h volatility: 0.0% Market cap: $72.84 B Vol. 24h: $3.88 B has experienced impressive bullish movements in recent months, but analysts predict a potential 20% price drop next month. While continued bullish movement on Solana is not certain, attention is quickly turning to the new viral presale coin Panshibi (SHIBI).

Analysts are spotlighting the new meme coin as an option to hedge Solana (SOL) holdings in the event of a bearish price action. Moreover, SHIBI is still on presale and is considered a less risky bet for investors targeting high returns.

Solana (SOL) Price Predictions Eye Potential 20% Dip Next Month

Experts are tipping Solana (SOL) to be the mascot crypto to watch for the upcoming altcoin season. Although market momentum is largely driven by bullish Bitcoin price action, experts expect a shift to altcoins as investors seek better profits than BTC BTC $87 417 24h volatility: 2.7% Market cap: $1.74 T Vol. 24h: $23.44 B can provide.

SOL recently hit a new all-time high of $294 this month, capping off its comeback from the tragic crash in November 2022. As of this writing, Solana (SOL) is trading at $222 following a price correction from its weekly highs. The altcoin has shown over 200% gains in the past year, and while it looks to break higher peaks, analysts warn of a potential price crash in the coming months.

The Solana price prediction for the current market rally is optimistic, but experienced investors know that no forecast is foolproof. After hitting its all-time high, the Solana (SOL) network faced outage issues with Coinbase. This brought the network under scrutiny again, reigniting the outage concerns that have plagued the platform in previous years. However, Solana is expected to continue luring dApps while improving its network situation.

At the same time, investors are trading SOL cautiously following the price crash from its all-time high. Meanwhile, investors appear to be buying the new Panshibi (SHIBI) token for its impressive bullish prospects.

Panshibi (SHIBI) Set for a Dramatic Surge amid New Meme Coin Craze

Panshibi (SHIBI) is a new meme coin sensation set to rise to exciting heights at launch. The new meme coin merges Asia, the panda, and meme coins to create a thriving community that could rival other established meme coins. Inspired by the iconic panda, Panshibi is rallying meme coin enthusiasts behind its unique Asian lore.

Panshibi (SHIBI) will integrate AI and social-fi elements to foster an activity community with an admirable meme culture. The new project will enable holders to compete in quests to earn more rewards and prizes. In addition, holders can actively participate in community governance by creating proposals and voting on key project decisions.

Other benefits to holding SHIBI include the 1,200% APY on staking and exclusive access to a private VIP members club. With Panshibi (SHIBI) tipped to be the biggest Asian-themed meme coin, investors are seizing the early presale opportunity to get in and make exciting gains toward launch.

The SHIBI price is expected to rise by 1,200% in the process, and experts predict an 80,000% rocket surge when it hits the market. Meme coins have generally grown popular as a means of quick profit in the crypto market, and Panshibi (SHIBI) brings some unique comic relief to the crypto market.

Additionally, the Panshibi (SHIBI) presale is capped at $10 million and will run for only 60 days. This offers early investors some clarity on their investments and highlights the team’s straightforward approach.

Also, the Panshibi smart contract has passed a security audit without issues, further asserting the team’s commitment to safety and transparency for early adopters.

Conclusion

Experts’ Solana price predictions mostly target new all-time highs. Still, with the potential of a 20% dip next month, investors are diversifying funds into Panshibi (SHIBI) to hedge their positions. Buying Panshibi (SHIBI) enables investors to bank on the profits from the presale and the potential rally to follow after the launch. Therefore, traders can keep their positions open on SOL and other altcoins with some sense of profit from the new meme coin.

Buy Panshibi (SHIBI) for $0.002 on the Stage 1 presale and make exciting gains ahead of listing at $0.026.

You can learn more about the Panshibi presale on its website, Telegram channel, and X account.

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.