New Crypto Panshibi’s Meme-Backed Real-World Utility Tipped for 145,000% Gains

The industry stalwart's beginning to topple like Dominos has raised investors' skepticism in the crypto market. But the drama has once again proven that evergreen ingenuity like Panshibi is here to stay.

The crypto market has been in turmoil recently, with many investors losing faith in the industry’s top performers. However, the bleak outlook for some has opened the door for new and exciting projects to emerge. While Polkadot’s price continues to decline and NEAR Protocol’s price momentum slows down despite ecosystem growth, a new meme coin called Panshibi is making waves with its unique blend of innovation and real-world utility.

Polkadot Price: DOT Shed 18% MoM. How Far Can DOT Drop?

Investors have been closely monitoring Polkadot’s price performance, especially after a recent prediction by several crypto experts that the token will fall 80% more. This bleak prognosis comes as Polkadot faces broader market sell-offs sparked by Bitcoin’s correction, resulting in a 18% decline in DOT’s value this month.

Based on this prediction, Polkadot’s price could drop to an all-time low of $1.16 from its current position at $5.81. However, it’s important to note that Polkadot’s L0 metaprotocol and interoperability solution makes it a significant blockchain and DeFi innovation.

Despite the recent losses and bearish outlook, some analysts like Alex Clay still see prices below $10 as a prime accumulation zone for a potential breakout. Additionally, optimism remains high for Polkadot’s upcoming updates, such as the Polkadot 2.0, which is expected to return liquidity and demand for DOT. However, investors are advised to diversify their portfolios with more promising opportunities while carefully considering the risks involved.

New Crypto Panshibi’s Meme-Backed Real-World Utility Tipped for 145,000% Gains

While Polkadot’s struggles continue, a new real-world utility-backed meme token has taken over the presale with skyrocketing demand, amassing over $200,000 within hours.

This new crypto presale has sparked investors’ skepticism in the crypto market, but the drama has once again proven that evergreen ingenuity like Panshibi is here to stay. The new crypto is backed by a community of developers who have integrated Asian and Panda loveable cultural themes with tangible utilities, redefining the meme coin landscape.

This model has garnered investors’ attention, with early investors anticipating substantial returns as the presale cap is set at $10 million and the price is still at $0.002. Many analysts are particularly optimistic and have tipped in a bullish forecast of a remarkable 145,000% surge post-launch.

Its innovative approach and community-centric model have positioned it as a standout project in the crypto space. This blend of cultural resonance and practical application sets Panshibi apart from traditional meme coins and underscores its long-term growth and sustainability potential.

NEAR Protocol: Can Ecosystem Growth Counter Slow Price Momentum?

Like Panshibi, NEAR Protocol’s layer one Nightshade network also made headlines with a recent frenzy that is bound to have people talking.

However, unlike Panshibi, NEAR’s recent ecosystem and technical performance have been below par. Despite rapid ecosystem expansion, NEAR Protocol’s price trajectory suggests a sluggish year ahead.

The blockchain saw a tenfold increase in users after the launch of NEAT inscriptions, which cemented its reputation as a decentralized hub for creative applications.

In the past 30 days, the token fell 12% to its November low of $4.40 despite a recent breakthrough that followed the NEAR partnership with Alibaba. Another recent collaboration between NEAR and Proximity Labs launched “Bitcoin January,” a project that aims to integrate Bitcoin into DeFi. But that did nothing for NEAR as it continues to dig deeper.

However, analysts like Jane Foley are optimistic about NEAR’s performance in the second half of 2023, projecting prices to reach a yearly high of $8.21.