Dogecoin Drops 7.4% Weekly As Panshibi Gains Traction

Dogecoin, the original meme coin, has been experiencing a decline in price, largely due to the lack of utility and its close correlation with Bitcoin's price movements. As Bitcoin faces resistance at the $90,000 mark, Dogecoin has slipped below its $0.21 support level, currently trading at $0.1636 with a 7.4% weekly loss. The token's latest resistance levels appeared after it slumped from its seven-day peak at $0.2045 on Wednesday, and it continues to slip to further lows. The most immediate resistance level is at $0.175, and it is up to the bulls to prevent the price from falling even lower to $0.15. However, some Dogecoin whales are already purchasing tokens on other more vibrant meme projects, such as Panshibi.

Panshibi, a new meme coin, has been gaining traction due to its presale and the potential for significant profits. The tokenomics of Panshibi suggest a transparent and reliable blockchain, with 75% of the 2 billion tokens planned to be in the hands of the community. There are 1.2 billion tokens assigned to the ongoing presale, and an extra 15% of the total supply will go to the rewards. Panshibi also offers staking, where users can deposit their tokens to strengthen the network and provide liquidity for operations on the blockchain. The staking rewards are competitive, and the platform features an AI-enhanced virtual world with avatars and solo quests for SHIBI coin rewards.

With Elon Musk’s statement that the US government won’t be using Dogecoin in its Department Of Government Efficiency, there is no hype in sight for the pioneer meme coin. Panshibi could be the only hope for meme traders looking for the next big thing. The SHIBI coins are currently the rave in the meme coin space, and even Dogecoin traders are interested in adding Panshibi to their portfolios. The presale offers SHIBI coins at $0.005, with a potential 400% presale ROI. The target is the post-launch rally, tipped to be about 100x, which is what everyone is hunting for.