Shiba Inu’s price performance in recent months has been nothing short of frustrating for SHIB holders. In the last 30 days alone, the price plummeted by 25%, with SHIB now trading around $0.000013.
When comparing the top 3 meme coins by market cap – DOGE, SHIB, and PEPE – Shiba Inu experienced the most significant decline during this period. While DOGE and PEPE holders faced a more modest 15% dip, SHIB investors have been left grappling with steeper losses.
The SHIB price is currently in a downtrend, trading below the 200-day moving average. Investors are eagerly watching for a breakout from the Falling Wedge pattern, particularly above the $0.0000015 resistance level, which could signal a potential resumption of the uptrend.
If this happens, there may be upside potential to reach $0.000020. In the meantime, the nearest support zone lies at $0.000012, providing a potential cushion for further price drops.
Best Meme Coin to Buy Now
There’s one hot crypto presale that potentially makes it one of the best cryptos to invest in right now due to an early traction. PandaWorld has raised over $108,000 within the first days of launch.
The team behind PandaWorld appears to have ambitious plans, as they are reportedly in negotiations with major crypto media outlets for additional promotional support. But what exactly is PandaWorld all about?
PandaWorld is an innovative project that aims to blend elements of meme coins, gaming, and casino platforms into a unified ecosystem. At the heart of the project are six panda siblings, with one named Lyria possessing the unique ability to “leap dimensions.” This concept allows for the convergence of various types of content within the PandaWorld ecosystem.
The platform’s key features include play-to-earn (P2E) games, offering users the opportunity to earn rewards while enjoying gaming experiences. Additionally, PandaWorld plans to incorporate a blockchain-based casino, adding an element of chance and entertainment to the ecosystem. For those interested in the broader meme coin market, the platform will also include facilities for trading meme coins.
One standout feature of PandaWorld is its commitment to revenue sharing. Unlike many meme coins that focus solely on speculative value, PandaWorld aims to distribute a portion of the revenue generated from its various content offerings back to the community.
The native token of the ecosystem, PADW, has a total supply of 88,800,000,000 tokens. During the presale phase, 35,520,000,000 PADW (40% of the total supply) are being made available at a price of $0.00018 USD per token. Investors can participate using ETH, BNB, USDT, or even credit cards, making the presale accessible to a wide range of potential buyers. Presale’s hard cap is set at $8 million.
Holders can stake their PADW tokens to earn rewards and actively participate in the ecosystem’s growth. The platform aims to seamlessly integrate various types of content, including games, casino features, and meme coin trading, into a unified experience.
There are also plans to implement community governance, potentially allowing PADW holders to vote on additional content and ecosystem developments. The revenue-sharing model is intended to distribute profits generated from the platform’s various offerings to staking users, creating an incentive for long-term holding and active participation in the ecosystem.
Read also: Is The Cardano Price in Trouble? Expert Eyes ADA’s Potential Rally to $38, But There’s a Catch
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