Donald Trump's crypto project launch stirred waves in the cryptocurrency market, while Shiba Inu faces new economic challenges. The new Panshibi project promises to be the next big thing in the meme industry.
Trump Coin Impact on Memes
The TRUMP coin marked one of Donald Trump's initial ventures into cryptocurrency. Launched just before he became the US president, it swiftly dominated the meme sector, achieving a market capitalization peak of $13 billion within a day. This success was partly due to the decrease in market cap of established coins like Dogecoin, Shiba Inu, and Pepe.
Shiba Inu Latest News
Shiba Inu has struggled to achieve success in 2023, despite a rally in November. The primary reasons include the launch of the TRUMP coin and lack of interest in SHIB. Recently, Shiba Inu experienced a significant burn rate spike, though it hasn't translated into price increases. Additionally, there's a 'Death Cross' on the charts, suggesting potential dips to $0.0000160.
What is Panshibi?
Panshibi (SHIBI) represents the latest meme project aiming to become a prominent asset in the cryptocurrency world. Based on panda and meme themes, the Panshibi ecosystem incorporates AI elements and SocialFi, encouraging active user interaction. Unlike other meme coins, Panshibi is developing long-term strategies, including listings on major exchanges like Binance, Coinbase, and KuCoin.
Projects linked with famous individuals like Donald Trump continue to impact the cryptocurrency market. While older coins like Shiba Inu face challenges, new projects like Panshibi offer additional opportunities for cryptocurrency enthusiasts.
