Top trending meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) could be up for a major challenge if this new token Propichain (PCHAIN) makes its way. Propichain is a real-world asset, RWA token which has recently seen a surge in investors’ interest because of the utility-driven opportunities it offers.
While Dogecoin has grown 332.38% in the last one month, following Donald Trump’s win in the US election and the subsequent appointment of Elon Musk as one of the heads of the Department of Government Efficiency (D.O.G.E), the Shiba Inu meme coin has also grown 26.90%. This led to DOGE rising to $0.363 while SHIB is at $0.00002451.
The surge in these meme coins happened while Bitcoin was in its historic rally to touch the $93000 mark and set a new ATH. Recently, on Tuesday, November 19, BTC broke this record and crossed the $94000 mark, giving wings to the $100,000 mark prediction.
Amidst this Propichain is attracting investors as traders look for real-world utilities of digital assets. This project has taken a unique approach to tokenizing the real estate sector by combining AI-enabled analytics with BlockAudit certification. This has sparked the interest of market analysts are flocking to buy the PCHAIN token. At present, this Propicain is at its presale phase with a price of $0.004 but experts forecast an 800% return for early investors of the token.
Propichain is democratizing real estate investment with its fractional ownership model addresses. In contrast, Shiba Inu is forming strategic partnerships with companies like K9 Finance to expand its ecosystem. The Propichain approach helps to draw smaller investors who are looking to make high-value property investments. This has been mostly left untouched by the traditional real estate markets.
Recent data about RWA tokens further support why investors are flocking to PCHAIN as these digital assets witnessed a 137% surge in their trading volume this year. In 2024, real estate assets have become the most preferred choice for those wanting to invest in utility-based cryptos. The total value locked (TVL) of these RWA protocols is over $4.2 billion which is a 312% year-on-year spike.
Propichain’s fate has further uplifted after it got listed on CoinMarketCap as seen in the upticks in trading volumes ever since the listing announcement was made. As per crypto experts, the platform’s ability to integrate AI-enabled analytics with blockchain technology would make it a force to reckon with in the crypto market, especially the real estate market.
At the time of writing, Dogecoin was down 7.12% to trade at $0.373 with its market cap and trading volume declining by 7% and 3.72% to reach $54.83 billion and $10.40 billion respectively. Meanwhile, Shiba Inu has declined 6.73% to trade at $0.00002373 while its trading volume gained 13.85% to reach $1.42 billion and its market cap declined to $13.98 billion.