It's the second general crypto dip in 2025, and in a year that started with so much hope, the traders’ patience is being stretched. Both Ethereum and Dogecoin are tanking rather rapidly, and the predictions are not looking good, especially for the ETH price.
Panshibi emerges as the meme initiative offering some relief from the intense atmosphere of the DeFi sector. This meme coin is gearing up for a presale within a specific timeframe. With potential gains of around 13x during the presale itself, it's easy to see why traders are eager to get involved.
We have more on the ongoing SHIBI presale here.
Ethereum Price: Criticism of Ethereum Foundation's Dependence on Roll-ups Grows
The ETH price continues to fall as it moves further away from its $3,500 resistance level. Several factors contribute to Ethereum's decline, with bearish signals being the most concerning.
There has been significant liquidation in Ethereum futures, totaling approximately $48.25 million from Monday to Tuesday. This selling pressure has forced the ETH price to struggle at around $3,200, with a potential drop to $3,000 appearing more likely.
The Ethereum Foundation is also facing criticism for its reliance on roll-ups and Layer 2 solutions. Key figures in the crypto industry argue that these L2 networks could hinder the ETH price from gaining value.
Dogecoin Price Decline Follows Solana Meme Coin Surge
It's not surprising that Dogecoin, the leading meme coin, is declining after the recent rise of Solana's meme coins. Last week, coins like TRUMP and MELANIA captured much of the meme coin market cap, overshadowing top meme coins such as Dogecoin, Shiba Inu, and Pepe.
Dogecoin has been particularly hard hit, losing its $0.33 support on Tuesday as bearish trends continue. Its indicators have also turned negative, with the two-week RSI at 39.2, indicating a slim chance for a rebound.
The Dogecoin price has dropped below its moving averages, and with immediate resistance at $0.33, the token is feeling the squeeze. A rise above $0.34 is essential to break out of this downward trend for the Dogecoin price.
This bearish market poses challenges for the Panshibi token as well.
Panshibi: A Meme Coin to Rule Them All!
For years, the meme coin market has been plagued by uncertainty, with traders often associating these coins with pump-and-dump schemes. However, with its roots in pandas, Asian culture, and memes, Panshibi (SHIBI) is poised to become one of the top-performing meme coins.
On Panshibi, you will find the typical features of a meme coin. The SHIBI token is used for governance, staking, and exclusive entry to Bamboo Valley. This marks the first time staking is available for a meme coin, with SHIBI users reaping significant benefits.
In terms of governance, owning a portion of this significant meme community is possible. Panshibi stands for transparency and dependability, providing community members a key role in decision-making within the Panshibi network. Becoming a crypto whale has never been more accessible!
The presale is well-structured, with the Panshibi team organizing it into 15 stages over two months. This means the SHIBI presale will conclude in just under 55 days.
Now's the perfect time to get on board the Panshibi train. Stock up on your SHIBI tokens while they're still available!
It's Panshibi Time!
SHIBI tokens are currently on sale, with the second stage of the presale almost sold out in under five days. There are 14 more stages and 55 days remaining, but prices will only rise as time progresses.
Acquire your Panshibi tokens today at $0.003 each; with the presale anticipated to yield 13x returns, you won't want to miss out!
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi
Website: https://panshibi.com
Investment Disclaimer
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