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The meme coin market is experiencing a dynamic shift. Attention is being drawn away from established meme projects like Dogecoin (DOGE) to emerging alternatives.

A major DOGE trading forum has labeled an emerging meme project, Panshibi (SHIBI).

Although Dogecoin remains an established market project, emerging projects like Panshibi offer higher growth potential, causing many to rethink their decisions.

With Dogecoin facing growing competition, could Panshibi be the better asset for 2025?

Let’s take a closer look.

Dogecoin’s Struggles: Is DOGE Running Out of Momentum?

Dogecoin was the first meme project launched in 2013 as a joke or online humor. Although DOGE was not well received initially, it became viral and shot into the limelight in 2021.

Over the years, DOGE has established itself in the market, with a market cap of $38.14B on CoinMarketCap. It’s currently rated the number 8 crypto by market cap. 

While DOGE saw a massive rally in 2021, delivering up to a 300% price jump in a month, its price has significantly decreased. Despite periodic endorsements from Elon Musk and other high-profile figures, DOGE has failed to break past $1. 

On CoinMarketCap, DOGE is trading at $0.2511, over a 50% decline from its all-time high of  $0.73 in 2021. Recent dogecoin news reports that whales are liquidating their positions, depicting a low demand for DOGE. 

Here are some of the reasons why Dogecoin is fading off:

These utilities are gaining the attention of traders looking for passive income opportunities.  

And according to FX Streets, Dogecoin wallet addresses with more than 10 billion DOGE are about 50%. Whales control the DOGE market, making the price susceptible to manipulation.

Why Panshibi (SHIBI) Is Taking Over the Meme Coin Market

While Dogecoin struggles to regain momentum, Panshibi (SHIBI) is gaining popularity. Here’s why many are settling for Panshibi (SHIBI): Panshibi is a unique ecosystem that merges Asian culture with a panda-themed identity to meet meme culture.

Panshibi is a community-driven project that offers features like stake-to-earn, where long-term holders can earn up to 1,200% APY. Early presale adherents can access exclusive membership perks like the Bamboo VIP Club. Panshibi has undergone a smart contract audit, with its liquidity pool locked for 10 years and team tokens locked for 2 years to ensure confidence.

Panshibi’s native token, SHIBI, is currently in the presale stage, trading for $0.005. The presale stages are divided into 15, and is currently in Stage 4. The price is projected to increase with the end of one stage and advancement into another.

Presale distribution is spread out; 60% of the total supply, 1.2Bn SHIBI, is available, preventing whales from controlling supply. While Dogecoin news reports highlight concerns about whale manipulation, Panshibi has taken measures.

SHIBI is predicted to surge by 1,200% during presale and is expected to reach 145,000% after launch and centralized exchange listing. SHIBI offers high gain return because of its low market cap and low price entry, unlike DOGE, which already has a massive market cap.

Discover more about the Panshibi Presale Using the links below:

Telegram: https://t.me/panshibi

Twitter: https://x.com/panshibi_

Website: https://panshibi.com

Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.

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