The Meme Market is at a Critical Juncture! The Old Guards are Faltering in Momentum.

The meme market is at a critical juncture! The old guards are faltering in momentum. Dogecoin’s price bled 10% in the past seven days.

Meme coins have had a rough start to 2023. After rallying massively last year, DOGE and SHIB prices are now down significantly. However, one new meme coin is bucking the trend and delivering incredible gains to early investors.

Shiba Inu (SHIB) and Dogecoin (DOGE) Pay the Price for Being First to the Scene

Meme coins exploded onto the scene in 2021, led by the original meme coin, Dogecoin. Inspired by the Shiba Inu dog breed, Dogecoin quickly became one of the top cryptocurrencies, thanks in large part to hype from Elon Musk and retail traders on Reddit.

Shiba Inu followed close behind, also capitalizing on the meme coin craze and quickly rising through the crypto ranks. Both coins saw astronomical gains last year, but 2023 has brought a different story.

After peaking at $0.18 in December, the SHIB price has fallen into a downtrend, dropping as low as $0.0000179 this month. At the same time, DOGE prices have also struggled, falling below $0.4. Both coins are now trading at less than half their all-time highs.

Several factors have contributed to the poor performance of meme coins this year. The overall bear market in crypto has impacted all coins, but meme coins are also facing increased competition from newer projects. Additionally, the speculative nature of meme coins makes them more susceptible to rapid price movements.

Despite the recent struggles of SHIB and DOGE, there is still strong interest in meme coins among retail investors. However, many investors are now looking at newer projects, which are offering lower entry prices and more potential for growth. One new meme coin, Panshibi (SHIBI), is capitalizing on this shift in investor attention and delivering incredible gains to early investors.

Panshibi (SHIBI) Leverages Meme Culture to Create a User-Focused Token

Combining meme culture with robust tokenomics and community-centric features, Panshibi (SHIBI) is a meme coin built on the Ethereum blockchain. Its 15-stage presale, priced incrementally from $0.002 to $0.026, has already raised six figures.

Early investors in the SHIBI presale are already eyeing a 1,200% return before the token even hits major cryptocurrency exchanges. Post-launch projections are even more staggering, with analysts predicting SHIBI could go 145,000%.

Liquidity will be locked for a decade, a token burn will be carried out, and there will be a 14% reflection in SHIBI. Moreover, mouth-watering staking rewards are expected to create scarcity and incentivize long-term holding.

Its system fosters transparency and security. Coinsult has audited smart contracts and locked liquidity for a decade to mitigate rug-pull risks. Moreover, the SHIBI tokenomics include a 14% tax on each transaction, divided among holders, a burn wallet, and a liquidity pool.

After a seven-second sell-out in stage one at $0.002 per token, the price will increase incrementally with each stage, reaching a maximum of $0.026 in stage 15. Notably, the presale began on February 1 and will continue until March 15.

Highlighting the growing interest in new meme coins, Panshibi is attracting attention with its low entry price and massive gain potential. In contrast, legacy meme coins like SHIB and DOGE are fully integrated into the market and offer limited potential for early investors.

As a result, many investors are shifting their focus to presale tokens, which could deliver incredible returns over the coming months. While some new meme coins may not succeed, those with strong fundamentals and a dedicated community, like Panshibi, are likely to perform well in 2023.

Follow Panshibi (SHIBI) on Telegram, Twitter, and visit the website for more info.