The crypto market might be creeping back to profitable ways in March, as the struggles from Q1 seem to be waning finally. Solana has gotten quite the boost in price to follow a 15% crash.
Moreover, the good news doesn’t end with the Solana price. There are new launches looking to break into the spotlight, and Panshibi is one of the successful ones. The SHIBI token is selling out fast, and the new meme coin is raring to give the top meme coins a run for their money before long. Hang on for more on the new project.
What you'll learn 👉
Boost Follows Solana Price Crash
The market ended with quite a turn on Tuesday, as Solana finally succumbed to the bears. On-chain analysis showed that the Solana price fell to $136 during the day, thanks to a profit-taking episode.
Already, Solana was trading very close to oversold territory, but the steady decline in Solana price forced some of its traders to start shelling out their SOL tokens. Now, the selloff wave led to a dramatic turn of events for the Solana token.
The bearish dip from the profit-taking sales pushed Solana even deeper into oversold zones. Naturally, that spiked a price reversal, and Solana went back up to $143 early on Wednesday before correcting back to $142. Now, it remains to be seen if the token will keep its momentum or slip back to bearish ways.
Solana Price Prediction: What Does the Future Hold for SOL?
In its recovery from the 15% price dip, Solana has crossed a major resistance level at $140. Already, some analysts believe the Solana price is on its way to breaking past other resistance levels, particularly at $170 and $180.
The recovery on Wednesday was down to one whale’s movement of about 495,000 SOL to Coinbase. With about $71 million worth of SOL moved, the token price hit a bullish turn almost immediately.
More whale movements could spark even bigger moves on the Solana price charts, although some analysts note that the predicted surge to $213 will not be a smooth or straightforward one.
There are plenty of resistance levels to beat, and there’s competition to overcome. Panshibi (SHIBI) is already contending with Solana for traders and holders.
Hang on for more on the SHIBI ecosystem.
Panshibi: Get the Edge with SHIBI Coins!
The point of all trading is to make a profit, but Panshibi makes its platform about more than just returns and gains. SHIBI coins are sure to deliver massive ROI from both presale and post-launch, but there’s a little more for traders to enjoy.
Meme coins were always supposed to add an extra touch of humor to the crypto-verse. While the crypto market could be toxic and tense, the meme platform is supposed to provide the jokes and atmosphere to defuse all that tension.
That’s what Panshibi is looking to achieve with its platform. The landscape is an AI-enhanced world inspired by the lush green natural environment of the Asian continent. For the most part, Panshibi is already getting comparisons with the Bamboo Valley in southwest India, a patch of serenity and calm in the midst of sub-tropical rainforests.
Panshibi will be that platform where everyone, veteran and newbie alike, will go to have a quiet time or simply relax and take in a serene atmosphere. Of course, it won’t be without its perks you can stake your SHIBI coins for APY yields, and there’s more than one way of making even more SHIBI tokens.
Users on Panshibi get solo quests where they explore the ecosystem with specific objectives, but no competition. It’s like the Metaverse revived only this time, there’s no competition between users for leaderboard spots. You earn, explore, and relax at your own pace.
400% ROI on the Panshibi Presale
The SHIBI coin is in its 4th presale stage, going for just $0.005 per token but packing a whopping 400% ROI by launch day for traders who invest now.
And if you hold even after launch, your SHIBI coins could be worth 140,000% more! It’s a run like Shiba Inu’s in 2021, and you don’t want to miss it.
Join the Panshibi presale today for $0.005 per token;
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
