Amid broader market uncertainty, Dogecoin (DOGE) and Shiba Inu (SHIB) face indecisive price action in the charts. Due to this, traders are looking for new opportunities to outperform the markets. In times like these, altcoins that provide practicality and utility perform better than community-driven memecoins.
The latest RWA altcoin, PropiChain (PCHAIN), catches the eye of many Dogecoin and Shiba Inu traders with its unique reform of transforming real estate. Let’s understand the factors that lead investors to PropiChain’s token presale.
Dogecoin (DOGE): Wild Intraday Price Fluctuations
Dogecoin (DOGE), the leader of memecoins, trades over 80% below its All-Time High, which was made three years ago. Dogecoin (DOGE) has seen a significant downtrend after giving hopes of recovering to its ATH for the first few months this year.
The current market price for Dogecoin (DOGE) is $0.145 after a 1.6% drop over the last 24 hours. Dogecoin (DOGE) trades above its 50-day and 200-day Simple Moving Averages (SMA). With a Relative Strength Index of 76, Dogecoin (DOGE) is in the overbought region.
For the past three days, the daily candlesticks formed had large wicks, showing uncertainty in the price. Dogecoin (DOGE) moves in a tight region between the immediate resistance level of $0.14828 and the support at $0.13695.
Shiba Inu (SHIB): Rejection At Key Resistance Level
Shiba Inu (SHIB) has had a short-term uptrend over the past few weeks. After a massive intraday plunge of over 3.8%, Shiba Inu (SHIB) currently trades at $0.00001832. The daily volume for Shiba Inu (SHIB) has increased slightly by 5%.
Shiba Inu (SHIB) faces rejection again near the key resistance level of $0.00001907 after failing to break out from it last month. The support level at $0.00001790 could allow bulls to introduce buying pressure and take the Shiba Inu (SHIB) price higher.
Due to the recent underperformance of Shiba Inu (SHIB) and Dogecoin (DOGE) in the charts, traders move away from these memecoins to invest in PropiChain (PCHAIN), which offers more utility and has a serious mission.
PropiChain (PCHAIN): Practical RWA TokenÂ
The real estate industry has witnessed many changes over the decades. However, investors engaging in traditional property investment continue to face significant challenges. Some notable issues are fraud risks, opaque pricing, reliance on brokers and escrow agents, and complex document processes.
PropiChain solves these issues using blockchain, AI, NFTs, and the Metaverse to provide users with a safe, efficient, and transparent property investment environment.
It stores everything on a decentralized ledger, so all transactions remain secure and transparent. PropiChain achieves this by transforming properties into tokens using NFT tokenization.
Converting real estate into NFT tokens allows properties to be traded easily on the blockchain. These NFTs represent small portions of a property, allowing multiple investors to have fractional ownership of a single property. This enables small investors to invest in large-scale real estate by combining their capital.
Another way PropiChain users gain an edge over large investors is through its innovative AI tools. The AI provides real-time insights into market price fluctuations and demand changes by analyzing historical real estate datasets from trusted sources.
PropiChain users can use this information to create informed investment strategies that place them in an advantageous position. AI also helps in the proper execution of these strategies by automating transactions based on conditions provided by the users.
These conditions can be specific valuations at which the user wishes to purchase a particular part of real estate. AI automatically performs the transaction and stores the ownership details on the blockchain, keeping everything secure.
PropiChain’s incorporation of smart contracts provides even more automation possibilities. These help users with lease-related processes. The conventional method for generating lease agreements is lengthy and complicated and usually requires third-party assistance.
Smart contracts remove the need for intermediaries and simplify the process by providing complete automation. The contract is triggered by a deposit of funds and the completion of both parties’ signatures. After execution, the contract is stored on the blockchain, saving time and keeping everything transparent.
Similarly, smart contracts also automate monthly rental payments for the tenant by sending rent directly from the tenant’s wallet to the landlord. This reduces the need for manually performing redundant tasks.
Another fantastic feature that PropiChain incorporates into the platform is the Metaverse. It offers a detailed 3D virtual experience to assess properties that are situated far away from them without having to leave their homes.
This allows investors to find and explore their dream home or the best real estate to turn a profit without visiting the site.
The native token, PCHAIN, is currently valued at $0.004 in the first presale stage, which experts consider highly undervalued. The price is set to surge to $0.011 and $0.023 in the second and third presale stages. The token listing price is expected at $0.032.
These experts say those interested should invest early in the first stage, as the token offers an 800% return by listing time. They predict the coming crypto rally will take PCHAIN much higher, potentially providing 8,000x returns to early investors.
Conclusion
As Dogecoin (DOGE) faces volatility and Shiba Inu (SHIB) encounters rejection, traders move towards PropiChain (PCHAIN), the latest RWA token that offers massive practical use cases with its real estate trading platform.
Experts suggest participating in the PCHAIN presale in the first stage, as the coming rally can generate over 8,000x returns by January 2025.
For more information about the PropiChain Presale:
Website: https://propichain.io/
Join Community: https://linktr.ee/propichain
This article is not intended as financial advice. Educational purposes only.
