While the crypto market has been on a bearish roll lately, Ethereum has remained one of the worst affected. The Ethereum price has fallen below the 7 SMA and already had a breakout below the 50 SMA on the monthly chart, showing a potentially bigger fall.
According to the report on the market cap chart, investors might be giving up on the Ethereum coin already, which could lead to a larger whale moving out soon. However, analysts speculate that whales might be looking into more profitable investments already with a higher ROI. A new meme coin hitting the market wave is showing a 50x Potential, and experts believe the falling Ethereum price might be a sign that investors are moving already.
Identifying an altcoin with a high-profit potential early might be the biggest investment flex, and this new meme coin presale could be the real deal. Here is why it could be all the change Investors need.
Is the Ethereum Price At a Dead End?
With the speed at which Ethereum rose to prominence, everyone believed it would follow closely behind Bitcoin. However, the Ethereum price has not progressed much over the last few months. One major setback affecting the price is traders’ issues with its scalability. This has thus seen many projects migrate from the Ethereum EVM to other more scalable and compatible blockchains.
However, while Ethereum introduced its Ethereum 2.0 migration to address its scalability issue, the price has not shown much improvement since. Experts believe Ethereum might have lost its earlier DeFi projects to better and newer blockchains, which is currently reflected in the price.
Although Ethereum continues to lead as the top altcoin and the second-largest crypto by market cap, its slow move and bearish turn might eventually see it fall off in the coming months. As the market continues to see new scalable and more engaging altcoins, the Ethereum price might continue its descent.
This New Presale Token Might Be Where Ethereum Investors Are Joining
Following the developments in the Panshibi presale, we might be witnessing the making of the next market-shaping meme coin. Panshibi investors are set to see up to 1200% in presale and more than ten times that price after its launch.
The Panshibi presale has raised over $770k in less than twenty days since it started. And with a 60-day target that still has 41 days left, experts believe this meme coin is about to undergo one of the most explosive meme popularity this year.
Panshibi is a meme coin built on the popularity of Asia’s cutest animal, the panda. Its vision embodies the Panda’s cuteness and soft attitude. Investing in this new meme token in its presale is a bet on the potentially biggest meme coin to hit the market this year.
The Panshibi presale is still in its third stage of fifteen, with the price expected to grow at the end of each stage. The price is currently at $0.004, which is the best price for buying the Panshibi token today as the current stage might be completed before tomorrow. Investing in Panshibi right now could potentially see you make 100x in the coming weeks. With the Ethereum price dropping lately, more Ethereum and other Investors might be joining the presale soon, sending the price to a sky-high figure.
Today is the best time to get the best price on the Panshibi presale, as the price can only go higher from here. Below is a link to the Panshibi presale page to get started.
Here are some links to get you started:
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi
Website: https://panshibi.com
