Investors Scramble to Buy Panshibi: Cardano's ADA Gains as SHIBI Takes Viral Memes To New Levels
Approximately one fortnight ago, top altcoins were reeling after Trump's tariff hike. Bitcoin dropped to $92k and ETH followed suit with a drop to a monthly low of nearly $2,500. However, innovation and resilience have spotlighted two dark horses that defied the trend: Panshibi and Cardano. Despite the prevailing market uncertainty, Cardano's price has held its ground with an 12% gain in the past week.
Panshibi is also riding the wave of the meme coin mania in its ongoing presale. The Panda-themed altcoin and its innovative AI appeal have raked in close to $1M in its ongoing presale. But can ADA break through key resistance levels, and will SHIBI sustain its meteoric rise? Lets dive into the market dynamics shaping this frenzy.
Panshibi: New AI meme coin gem soars to new ATH in presale.
While the market reels, Panshibi, the innovative AI-powered meme coin, has dominated the crypto world with its high-demand presale and innovative meme revolution. Currently in Stage 4, its presale has gone far and wide, with almost $1M raised which reflects strong investors' confidence.
The reasons are crystal clear! Panshibi has emerged as the real "meme killer" with its well-thought-out approach to upending the hype-fueled meme culture. First, Panshibi is creating an inclusive community that features an ingenious blend of meme virality, the lovable Panda theme and Asian heritage.
Secondly, Panshibi's uniqueness and potential transcend its predecessors. It boasts an excellent real-world use case with artificial intelligence and social fi mechanics. This technological advancement helps users enjoy a gamified experience and long-term value. Then, there's the part where every user is rewarded for doing the bare minimum. Token holders earn a whopping passive income by staking their tokens and earning up to 1200% annually.
This, and other mouthwatering rewards, had investors scrambling to participate. As with Shiba, timing is everything, and Panshibi is currently riding the positive sentiment around AI cryptos and meme coins. Lastly, Panshibi has a solid plan for the future. Roadmap activities like the NFT launch, staking platform development, and tier-one listing highlight its long-term focus on sustainability.
Grayscale's ETF pursuit sent Cardano's price flying. Can it reach $1 this month?
Cardano has been on an electrifying ride since the year started. After ending 2024 on a bullish note with increased whale accumulation and a 283% surge from September lows, Cardano again rode on the bullish sentiment with excellent gains this year. Technical analysis suggests that Cardano may be poised for a major breakout.
Elliott Wave theory points to a completed corrective wave at approximately $0.54, aligning with the 0.786 Fibonacci retracement level. This signals a potential trend reversal, with ADA beginning a five-wave impulsive rally. Momentum indicators also support a bullish case. The Relative Strength Index (RSI) has rebounded from oversold territory, hinting at strong buying interest.
Beyond the technicals, rising ETF speculations have fueled institutional demand. Earlier this week, Grayscale Investments filed for a spot in Cardano ETF, and a win could mark a historic moment for Cardano price. In fact, the network saw a 20,000 active wallets increase in active user wallets amid institutional interest. The positive sentiment has been reflected in the Cardano price action. This week alone, the altcoin gained over 12% from last week's low at $0.68.
Panshibi takes meme virality to new levels.
Despite being in presale, Panshibi has emerged as a defiant force with its AI-driven meme revolution. While Bitcoin and other altcoins wavered, Panshibis presale soared past $1 million, proving that innovation and community engagement can override bearish sentiment. SHIBI has proven to be more than a meme with its cutting-edge staking rewards, social-fi mechanics, and a roadmap packed with NFT launches and Tier-1 exchange listings.
Fortunately, the price is still at a discounted $0.005 in stage 4 of its limited 60-day presale.
You can participate in the Panshibi presale here:
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Text source: Crypto Daily™
