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Andy Watson
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Recent reports indicate that Solana SOL $127.0 24h volatility: 0.8% Market cap: $65.08 B Vol. 24h: $3.17 B could face further market downturn following months of underwhelming market performance. Technical indicators also point to a deeper correction, causing investors to re-evaluate their positions in the rapidly changing crypto market. On the flip side, Panshibi (SHIBI) is gaining traction among savvy traders, who believe the meme coin will pose stronger returns in March due to its disruptive utilities and high prospects.
As Solana latest news suggests a deeper crash for SOL, crypto enthusiasts are shifting investment to Panshibi (SHIBI) to capitalize on its predicted growth prospects.
Solana Investors Expect More Decline Going Forward
Since attaining its peak of $294 a month ago, SOL has been on a downward trend. At the time of writing, Solana (SOL) is trading at $139, a 45% price drop in the past month amid broader bearish trends. Even with the Franklin Templeton S-1 registration for an SOL ETF and roll-out tech updates like the introduction of Smart Wallets, Solana has failed to kickstart upward momentum.
The Franklin filing will allow investors to trade SOL on the Cboe BZX Exchange without the hassle of holding it themselves. Furthermore, the introduction of Smart Wallets will reduce dependence on seed phrases and private keys, giving users more access to gasless transactions, enhanced security and improved scalability. Still, the recent positive developments are insufficient to stabilize SOL.
Experts attribute the dip to the volatile crypto market, which faces macroeconomic uncertainties, regulatory concerns and shifts in investor sentiment. Additionally, they blame the LIBRA collapse, which led to substantial losses. The meme coin, promoted by Argentina’s President Javier Milei, was hosted on the Solana blockchain, causing investors to question Solana’s role in promoting the fraudulent coin.
Furthermore, experts anticipate further crash price drop based on the report of a scheduled Token Unlock, where 11 million SOL worth $2 billion will be released. The upcoming release could cause massive selling pressure – already evidenced by Wintermute’s $40 million withdrawal in SOL. The general sentiment does not speak well for Solana (SOL) at the moment, but it is encouraging the shift into other promising investments.
Panshibi (SHIBI) Is Poised to Outperform Other Major Altcoins in March
Given the Solana latest news, it makes sense that investors would shift their attention to other high-performance tokens like Panshibi. Inspired by the iconic and lovable panda, Panshibi is a meme coin that blends AI and Social-Fi elements to create a rewarding community of meme enthusiasts.
Unlike typical meme coins driven by hype and community, SHIBI has clear utilities, robust tokenomics and technological integrations that set it apart from its counterparts. With Panshibi, holders can earn yields of up to 1,200% APY on their stakes, which is proof of its long-term sustainability and stability. Additionally, holders are rewarded based on their community activity and can access the exclusive Bamboo VIP club.
Panshibi is in Stage 4 presale in an ICO event poised to run for only 60 days. With less than a month left for the presale, investors continue to swarm in for the opportunity to buy in cheap. Experts believe Panshibi (SHIBI) may be the biggest meme coin out of Asia, as the panda-themed meme provides fresh market appeal compared to existing big names.
The numbers for Panshibi (SHIBI) are impressive, as the presale already allows for over 1,200% gains. At $0.005 on the Stage 4 presale, buyers are set for over 400% gains before listing at $0.026, with predictions of a 145,000% rally following the launch on Uniswap and other top-tier centralized exchanges.
Investors are leveraging the opportunity to buy this meme coin at a rock-bottom price in anticipation of exponential growth after the presale ends. As investors wait for the turbulence in Solana to calm, porting to Panshibi is a strategic move that allows you to accumulate gains and diversify your risks.
Conclusion
Panshibi (SHIBI) is growing its position as the ultimate candidate for high returns this year, as Solana latest news suggests a poor outlook for SOL. Panshibi (SHIBI) is considered low-risk despite recent market volatility, as the presale price is controlled prior to launch. After launch, SHIBI should still be hugely undervalued and the traction on the coin should propel it to billions in market cap.
You can still get in early as SHIBI trades at $0.005 on the Stage 4 presale. Secure your bags now and make high returns in the coming months.
You can participate in the Panshibi presale 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.
