It’s been an interesting week for crypto. Most portfolios are either deep or bright red, as some of crypto’s most-held coins are trading between 20 to 50% lower than their opening price 30 days ago.
Cardano, for instance, has been hit even harder than Bitcoin and Solana. ADA tanked double-digits in this window, losing 23.54% of its market value. Without any sign of a major pump in the near term, Cardano news has now become of strong interest to market participants.
Meanwhile, Panshibi (SHIBI), a new project, has hit the crypto market without warning. This meme coin is attracting a flood of interest from crypto enthusiasts and retail investors. Let’s take a look at the latest Cardano news and shed more light on why the so-called 1000x dream crypto is gaining traction.
Cardano plunged 25.34% in just one week, falling from $0.94 to $0.70. After a strong rally through late 2024, where ADA surged from $0.33 to over $1, the cryptocurrency has struggled to maintain its momentum. However, there are signs of renewed investor interest, with Cardano trading volume soaring to $857.34 million on Friday, down 4.83% in the past 24 hours.
Analysts are pointing to a major Cardano news development as the reason behind this positive market sentiment. On Wednesday, Swedish crypto asset manager Virtune launched new crypto exchange-traded products (ETPs) in Finland, giving investors more portfolio exposure to AVAX and ADA. This expansion follows Virtune’s launch of five other crypto-related ETPs, reinforcing institutional confidence in ADA’s market value in the long term.
While this development could help fuel ADA’s price recovery, crypto enthusiasts and traders remain cautious, watching for potential political and economic factors that could impact the market further. The recent market crash on Monday, triggered by fears of a new global trade war, has made investors hesitant about placing large bets on existing tokens like ADA.
This uncertainty is causing many to move their funds into newer, high-growth projects and one of the biggest beneficiaries of this migration is Panshibi (SHIBI).
Usually, meme coins have a huge reliance on hype and speculation. However, Panshibi is a meme coin focused on securing listings on the best exchanges, ensuring a strong foundation for its future growth.
As a meme coin, SHIBI stands hands and shoulders above the other new tokens because it taps into three powerful communities – Asia, pandas and crypto enthusiasts. Inspired by the panda, the project aims to unite meme lovers worldwide and establish itself among the top meme coins in the market. Panshibi ($SHIBI) is not just another meme coin; it’s a complete ecosystem. The project integrates Social-Fi, enabling users to earn rewards through community engagement.
Currently, Panshibi is in its third presale stage, allowing investors to claim SHIBI tokens at $0.004 per token before it gains even more traction. Given the explosive growth seen in other meme coins like TRUMP and DOGE, early buyers are betting that SHIBI’s strong fundamentals and viral appeal will drive massive gains in 2025.
The success of Panshibi’s presale already mirrors how SHIBI will experience parabolic price movements in the coming months. With analysts highly rating this meme-based project, fears of a rug pull are eliminated; this could be the next 1,000x meme coin people have been waiting for.
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi
Website: https://panshibi.com
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