Kaspa (KAS) and Dogwifhat (WIF) Lose Momentum as New Meme Coin Panshibi (SHIBI) Gains Traction

Crypto markets often bow to market sentiment, investor speculation, and macroeconomic factors. News about interest rate cuts and US tariff hikes on Mexico and Canada have destabilized the market in the past few days.

Recent interest rate cuts and US tariff news have impacted the crypto market. In the last seven days, Kaspa (KAS) and Dogwifhat (WIF) have seen their recent price struggles raise investor concerns. However, a new meme coin, Panshibi (SHIBI), is gaining traction, with some analysts predicting it could skyrocket by 100x before the end of 2025.

Kaspa: Strong Tech, Weak Market Performance

Kaspa is a blockchain technology known for its innovative transaction solutions, such as KaspaPay and Atomic Swaps. However, despite these strengths, its recent price performance in the market has been weak.

Over the last seven days, Kaspa's price has dropped significantly. At the time of writing, it trades at $0.09814, showing a 19% decline. This poor performance is also evident in its low 24-hour trading volume of about $2.07 million, which has limited its potential for a strong price surge.

While some developers appreciate its blockchain scalability solutions, especially for decentralized applications (dApps), Kaspa has struggled to attract mainstream attention, which is crucial for driving up its price. As a result, most investors see Kaspa as more of a niche asset than a high-growth cryptocurrency.

Moreover, its lack of aggressive marketing and investor engagement, compared to other crypto projects, contributes to its poor performance in the market.

WIF Price Analysis: Meme Hype Losing Steam

Dogwifhat (WIF) is a meme coin that gained immense popularity in 2024 due to its branding around “a dog with a pink hat.” The token's virality pushed its market capitalization to a high of $4.5 billion at its peak.

However, WIF's price has since experienced a sharp decline, with its price falling to $0.7499—the lowest in nearly a year; although it increased slightly, it is now at $0.832.

This price performance is also evident in its low 24-hour trading volume, which stood at $20.09 million at the time of writing. This lack of volume indicates that fresh capital is not flowing into the market to support the token's price.

Open Interest (OI), a key metric used to gauge speculative activity in the futures market, has also plummeted to $157.58 million. This sharp decline in OI suggests that traders are unwinding their speculative positions, which could lead to further selling pressure on WIF's price.

Technical indicators such as the 100-period Exponential Moving Average (EMA) and On-Balance-Volume (OBV) still face strong selling pressure, making further declines likely unless significant demand returns.

Panshibi: The Meme Coin with 100x Potential?

While Kaspa and Dogwifhat struggle, Panshibi emerges as a strong contender in the meme coin space.

Unlike most meme coins that rely solely on hype, Panshibi combines Web3 elements to create real utility for its holders. Its unique features have bulged several crypto analysts on its potential, with some strongly supporting SHIBI to become the top-performing meme coin of 2025.

The token offers governance features that allow holders to vote on key project decisions, ensuring a community-driven approach. It also provides high-yield staking opportunities, with annual percentage yields reaching up to 1,200%.

Additionally, early investors gain exclusive membership in the Bamboo Private VIP Club, which offers premium rewards and early access to new project features.

Security and transparency are also strong points for Panshibi. Coinsult has audited the project’s smart contract, and liquidity is locked for ten years, ensuring price stability and investor confidence.

Right now, the Panshibi token is selling for $0.004 in stage 3. At launch, Panshibi is expected to list at $0.026, offering early investors a 550% percent gain from this point.

Some analysts believe that if demand continues to grow post-launch, SHIBI could do 100x returns, which could see its price reach the $2 mark, making it one of the top-performing altcoins of 2025.