The Solana crypto price has faced a new wave of drawdown, erasing the progress it has made in the last few months, hitting a low of $161.30 this month. However, this low is causing a heightened panic in its investors, where instead of buying the dip, more investors are selling.
The Solana crypto price as of today is trading at $161.36 which is a continuation of the bearish trade. However, a more scary thing about the Solana Price is with the price, which shows the coin trading below a major long-term support suggesting a drag that could see the price fall further.
Whereas, while the Solana price continues a losing streak, other investors are already setting up a winning entry with the new Panda token, Panshibi meme coin. The rise of this meme coin presale some weeks ago has been driving high interest with some analysts suggesting the Panshibi meme has an outlook of a meme coin with potential of a 100x.
However, beyond the volatility surrounding meme coins, there are quite other interesting features that make Panshibi stand out and why it could be a better investment option especially now that the Solana crypto price is seeing a major hit.
The Solana crypto price saw a faster run earlier this year, showing a performance that saw many other altcoins lagging. However, with the run comes a major hit as it begins to lose its reputation from its pump.fun meme coins. There are quite several meme coins that got popular this year from the pump.fun platform, notably TRUMP, MELANIA and LIBRA. But, two things these meme coins have in common is that they are Solana dependent and all saw a big surge and a corresponding high loss.
As the reputation of the Solana memes continues to drop, so does the Solana price, dropping over 40% from its new all-time high in just a few weeks. The Solana crypto price has continued struggling to recover its early January surge, currently trading below the 100-day SMA, showing a long-term drawdown potential.
However, with the current price setup, experts believe the Solana crypto price might hit as low as $120 in March before hitting support.
The Panshibi price has continued rising in the presale phase turning in an ROI up to 5x already to early investors. This growing price is projected to see another 5x as the price continues rising in the coming weeks as the presale stages continue to grow and up to 100x when launches. The presale has raised over $1.1M, reducing the volatility that comes with single wallets holding too much. This is because the price allows as many investors as possible as it accommodates both big and small investors.
The Panshibi presale is an opportunity that can't be missed this year as it sets to see up to 100x in the post-presale rally, with experts suggesting it could be the viral meme of 2025. The Panshibi meme coin, close to culture and geography, is setting it up as potentially becoming the biggest meme coin out of Asia this season.
As of today, the Panshibi price is at $0.005 and in its fourth presale stage; however, this price is set to continue growing till the fifteenth stage. This continuous growth is why investors are rushing towards the Panshibi meme coin presale, as it guarantees a high ROI and zero drawdowns as the presale continues. There is still a lot to gain in the presale, but this will be determined by how early you get in, making now the best time to start with the Panshibi token.
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
Deepak Choudhary is a solid two years of writing experience and crypto enthusiast. He writes about blockchain games, Telegram games, and tap-to-earn platform. Like his audience, he writes with clarity, simplicity, and lots of useful tips in his articles. He helps those unfamiliar with various aspects of crypto world in a very simple way. He also provides regular updates on the fast growing world of blockchain, with great articles covering current and expected trends and guides. His writings on crypto games as well as crypto earning apps on Telegram are quite useful and informative for people novice and experienced. His aim is to help more people explore and profit from Web3 ecosystem.
23-04-2025
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