The crypto market has seen the rise and fall of many coins over the years. Most recently, Shiba Inu (SHIB) has faced a declining price and questions around its long-term viability. At the same time, a new crypto called Pandoshi is generating interest and promises to shake up the industry when it lists on major exchanges soon.
Shiba Inu Price Slides as Interest Wanes
Once a favorite among crypto investors, Shiba Inu has struggled to maintain its momentum over the past two months. After hitting a high of $0.0000120 on December 17th, the price of SHIB has slid downward and now sits around $0.0000090.
This decline represents a break below key support levels on both the daily and 6-hour charts, indicating bearish sentiment and the potential for further downside. Additionally, technical indicators like the relative strength index (RSI) show waning buying pressure and a market cooling off from 2021’s massive gains.
Some analysts point to shrinking social media attention and questions around long-term utility as reasons for this decline. Without continual new developments and use cases, meme coins like SHIB tend to lose their luster among fickle crypto traders who are always looking for the next big token.
New Coin Pandoshi Promises Innovation
As SHIB declines, a new crypto named Pandoshi aims to captivate the market upon listing on major exchanges soon. This multifaceted token comes packed with real-world utility, decentralized finance (DeFi), metaverse integrations, and more.
Analysts call Pandoshi one of the most feature-rich new projects in the crypto space. In addition to the Pandoshi token itself, the platform also plans to launch an ecosystem of products, including a layer-2 blockchain called Pandachain, the Cardoshi crypto debit card, PandoshiSwap DEX, and additional tokens like BAMBOO.
“Unlike meme coins, Pandoshi has a very robust roadmap and is building tangible products and services that should help drive long-term sustainability,” said one crypto analyst. “I expect demand to surge when this launches on Uniswap and tier-one exchanges later this quarter.”
With development progressing swiftly, Pandoshi now prepares for launch across major crypto trading platforms. According to the official website, the token has confirmed upcoming listings on top centralized exchanges (CEXs) like Binance and Coinbase. Decentralized exchanges (DEXs) also appear in the works, with a confirmed listing on leading DEX Uniswap.
These exchange integrations should help drive visibility and liquify trading for Pandoshi. CEX listings, in particular, can catalyze immense trading volume and foster organic price discovery based on market supply and demand.
For crypto traders disappointed with fading meme coins like SHIB, Pandoshi provides an intriguing new alternative with robust development and products spanning various cutting-edge sectors like DeFi and the evolving metaverse.
Conclusion
As Shiba Inu falters, the crypto market leaves the door open for innovative new projects to captivate traders. With exchange listings imminent and a stacked roster of products in development, Pandoshi appears well-positioned to make its mark when it launches across platforms soon. Crypto analysts and investors alike will watch closely to see if this token can deliver on its considerable promise and become a rising star in the months ahead.
Click Here To Take Part In Pandoshi Presale
Visit the links below for more information about Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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