The post Shiba Inu (SHIB) Faces Tough Competition From New Meme Coin Called Panshibi! Similar but Expected for Higher Gains in 2025 appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) is an OG player. Back when it launched, it went on a historic run but now a new meme coin with a similar name is set to repeat it! This new meme coin is called Panshibi($SHIBI) and it is expected to bring much higher gains than SHIB in 2025! Shiba Inu’s strategies aren’t working Shiba Inu is a crypto giant, however, SHIB is facing fierce competition from a new player. The competition gets even tougher for SHIB once we consider the size of this token, as it leaves SHIB little room for growth. And Shiba Inu investors are catching on to this notion. Many Shiba Inu holders wanted to leave a while ago. However, then, Shiba Inu announced its burning strategy, with the goal to decrease supply and boost the price. So, the Shiba Inu investors who wanted to leave stayed with high hopes. However, the SHIB token-burning strategy hasn’t really been working. Shiba Inu has been burning tokens for months now, but this is yet to boost the price. However, a few events that did boost the SHIB price recently included Trump’s election victory and other market-wide factors. So, on its own, the SHIB price has really been struggling to move. Now, most Shiba Inu investors are fed up. Many of them have sold, which has caused the SHIB price to dip. The SHIB price is down by over 10% in a week and 6.45% over the last 30 days, despite market conditions being generally good over the last few weeks. This indicates that Shiba Inu is losing strength. Because of this and the fierce competition it has, experts see the SHIB price dipping even further. Interest in Shiba Inu just isn’t there anymore, and this may cause a further 30% dip. Meanwhile, the new meme…

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Filed under: News - @ January 27, 2025 12:26 am