Since the recent Solana downturn, Solana price prediction has remained a market headline.
Several Investors and market participants have their bags on the Solana chain, so it’s understandable for them to stay awake and always keep track of Solana price movements.
Unfortunately, the current momentum supports a bearish trend for the token. The possibility of a market crash after a downward spiral isn’t far-fetched, and it has prompted investors to start moving to more profitable projects.
Panshibi, a new meme coin, is discussed among market participants as a must-have in this bearish season because of its market appeal and huge upside potential. Today, we will examine the truth of the rumored market crash surrounding Solana’s price prediction and fact-check analysts’ bold forecast of a 45,000% rally for Panshibi this year.
The recent Bybit hack, arguably one of the most significant security breaches in the crypto market, has worsened Solana’s already declining price trajectory. Solana’s downward spiral began about two weeks ago when the LIBRA incident triggered a wave of investor disinterest in meme-related projects.
Solana suffered a double-digit loss on Tuesday, dumping 14.74% of its market value in the last 24 hours. Solana’s market value is currently pegged at $143, representing a massive 44% crash from its opening price a month ago. Analysts tracking the Solana price prediction have underscored the token’s downtrend, identifying key support and resistance levels that Solana has struggled to maintain.
Last week, buyers attempted to reclaim this level on several tries but were met with intense selling pressure. Failure to secure a daily close above $139, now acting as a firm resistance, would further confirm downside momentum. Experts are now predicting a very bearish outlook for Solana price prediction, with some speculating that Solana could even crash below $80 by March.
With Solana price prediction looking grim, investors are now pivoting to more promising projects like Panshibi, a meme coin gaining traction as the next viral crypto token.
Panshibi is a new viral memecoin that draws inspiration from the Pandas in Asian culture. Panshibi’s Panda mascot brought together a diverse community of folks in the Bamboo Valley, including Asian market participants, Panda enthusiasts, meme coin enthusiasts, etc.
In contrast to most other meme coins that do not possess any practical applications in the real world, Panshibi has a Social-Fi model that rewards users for participating in community quests. This interactive element distinguishes it from typical meme tokens and encourages long-term adoption.
To further boost investor confidence, Panshibi has implemented strict security measures. The project has locked its liquidity and team tokens, ensuring that early investors are protected from insider sell-offs. Additionally, Panshibi’s presale lasts only 60 days, after which all unsold tokens will be burned, increasing scarcity and adding to its market appeal.
With an aggressive marketing push and strong investor interest, Panshibi is en route to rally up to 45,000% this year.
Remember TRUMP, the celebrity meme token that witnessed a massive breakout just days after its launch earlier this year? Analysts are drawing direct comparisons between TRUMP and Panshibi, predicting that when Panshibi’s 60-day presale ends in a few weeks, it will experience similar parabolic price movements.
The future of Panshibi isn’t just bright it’s hugely profitable. And the opportunity is ripe for those who act early. SHIBI tokens are still available at a fair entry price of $0.005 each, but this window won’t last long.
Join the Panshibi presale today for $0.005 per token;
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
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