After the recent wild price volatility in the crypto market, Shiba Inu (SHIB) and Dogecoin (DOGE) have recovered steadily. However, the current price action is slow as the price reaches near crucial resistance levels for both Shiba Inu and Dogecoin.
Traders looking for better opportunities move to the presale token, PropiChain (PCHAIN), which can offer up to 11,000x returns. Let’s understand the reasons behind its rising popularity.
Shiba Inu (SHIB): Consolidating Near Lower Trendline
After facing a sharp rejection followed by a steep plunge towards the end of last month, Shiba Inu (SHIB) has been recovering steadily for the past few weeks. Shiba Inu (SHIB) moves in an uptrend channel and is currently taking support at the lower trendline.
Shiba Inu (SHIB) trades at $0.00001769 after a 1.1% drop over the last 24 hours. The massive 22% decline in daily trading volume indicates a decreased demand for Shiba Inu (SHIB) today. The current market cap for Shiba Inu (SHIB) stands at over $10 billion.
For Shiba Inu (SHIB), immediate resistance lies at $0.00001821. If Shiba Inu (SHIB) can break past this, more significant resistances exist at $0.00001885 and $0.00001931 to reject upward price movement. Shiba Inu (SHIB ) has support levels at $0.00001709 and $0.00001605, where bullish pressure may be introduced.
Dogecoin (DOGE) Encounters Key Resistance
Dogecoin (DOGE) is trading over 80% below its All-time High (ATH) of $0.7376, made over three years ago. Dogecoin (DOGE) has a market cap of $20 billion, according to Coinmarketcap data.
The current market price for Dogecoin (DOGE) is $0.1393 after a 0.6% intraday surge. The Dogecoin (DOGE) trading volume has declined by over 19% in the last 24 hours.
Currently, Dogecoin (DOGE) is facing rejection again from $0.14401, a significant resistance level that it failed to break in July. Dogecoin (DOGE) has support levels near $0.13747 and $0.12567.
Due to the slow price movement of Shiba Inu (SHIB) and Dogecoin (DOGE), traders are moving towards PropiChain’s (PCHAIN) token presale, looking to outperform the markets.
PropiChain (PCHAIN): Transforming Real Estate With AI
PropiChain (PCHAIN) is a new project focused on changing real estate investments. It aims to solve the issues that prevent new investors from participating in property investments. These challenges include opaque pricing, large capital requirements, fraud risks, and heavy dependency on intermediaries to complete a property transaction.
Using the blockchain, AI technology, NFTs, and the Metaverse, PropiChain solves these issues and provides a safe and transparent investment platform. On the platform, users can trade properties securely on the blockchain with the help of AI tools and assistants.
Properties from across the globe are made available on the blockchain via NFT tokenization. This transforms real estate into NFTs, allowing users to treat them as tokens and trade them digitally.
These NFTs may represent small portions of a property, allowing users to invest in a fraction of a property. This leads to increased opportunities for diversification and provides far better liquidity. The fractional ownership of properties will level the playing field and allow small investors to invest in all kinds of properties.
PropiChain users gain an additional advantage over big players and experienced investors through its various AI features.
To ease newcomers’ entry into the business and allow them to take the correct steps, PropiChain offers 24/7 guidance via AI chatbots and assistants. Using these, users can get answers to any queries regarding the platform’s processes, and virtual assistants can also help them understand and create complex documents.
AI-generated market insights, which predict the degree of price fluctuations and changes in demand for specific property types, help users make informed decisions. Using this information, users can strategize ahead of time to maximize returns and manage risks.
To execute strategies properly, PropiChain allows the automation of transactions using AI. Based on previously set conditions by the user, such as buying a certain fraction of a particular property when it reaches a desired valuation, AI will perform the transactions and store the ownership details on an immutable ledger.
PropiChain uses smart contracts to offer more automation. Smart contracts help automate lease-related processes. The conventional leasing process takes a lot of time, demands the help of brokers and lawyers, and requires endless manual paperwork.
The smart contracts remove these issues by creating an agreement based on the agreed terms of both parties and storing the lease contract on the decentralized ledger, making it completely tamper-proof.
The platform’s most innovative feature, the Metaverse, allows users to feel their dream property across oceans from the comfort of their homes, breaking the geographical barrier. Using this, investors may assess the property and decide which parts they want to invest in without physically visiting it.
PropiChain can provide all these features to the users with the help of the native token, PCHAIN, which powers its entire ecosystem. PCHAIN is currently in the first presale phase, going for $0.004.
Experts consider PCHAIN highly undervalued. The price will surge to $0.011 and $0.024 in the coming second and third rounds, and the listing is expected at $0.032.
Analysts predict the coming bull run will take PCHAIN much higher, potentially providing 11,000x returns to early investors.
Conclusion
Due to the dull price action of the memecoins, Shiba Inu (SHIB) and Dogecoin (DOGE) holders move towards a new project, PropiChain (PCHAIN), that offers serious utility to its users.
PropiChain is moving towards its goal of transforming the real estate sector with the help of its democratized platform, which incorporates blockchain, AI, NFTs, and the Metaverse.
Experts advise early participation in the PCHAIN presale, as it can maximize your chances of a return of up to 11,000x.
For more information about the PropiChain Presale:
Website: https://propichain.io/
Join Community: https://linktr.ee/propichain
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