Investors are watching key indicators and significant developments to gauge any potential trend reversal in the Cardano price trajectory. The recent slip past the $1 level has raised eyebrows over a potential downtrend and spurred the migration of a growing number of traders and investors to a project with high profit margins. These traders are betting big on Panshibi, a new viral token that has the backing of key figures within the crypto community.
Panshibi is a meme coin of Asian origins that boasts one of the fastest-growing fan bases in 2025. In this article, we will observe whether the Cardano price action is losing upside momentum and is at risk of a downtrend. We will also shed more light on the growing interest of investors in Panshibi and the project’s fundamentals.
Is Cardano Price Momentum Losing Steam?
About a week ago, our crypto president revealed an update via Truth Social, his Social Media App, that shook the market. He said the U.S. would finally have its crypto reserve, including Bitcoin, Ethereum, Cardano, XRP, and Solana. This news caused a buzz in the market as the Cardano price and market value of other top altcoins posted double-digit gains.
This sharp spike saw Cardano’s price peak above the $1.11 mark, registering a new 30-month high. However, the token has slowly suffered losses, declining to the $0.72 price point at the time of writing. Several investors believe the Cardano price action is losing positive momentum, and the asset might suffer more losses this week.
Market participants were hoping that the first-ever crypto summit would cause the prices of the hundreds of altcoins to start moving. But excitement didn’t exactly flood through the crypto community when the meeting, held in the White House, was announced. Investor sentiment has also weakened, and the overall market has turned bearish after the summit.
Bitcoin has lost 6% in the post-summit market, and Cardano has been dumped by 10.4%. According to Coinmarketcap, Cardano’s trading volume has plunged by 52.8% to $1.16 billion, suggesting a sharp decline in investors’ interest. The poor market momentum of Cardano led to further liquidations of the more risk-averse traders.
On Saturday, the token experienced liquidations of up to $11.8 million. About 74% of these sales came from swing traders, while short traders contributed the other 26%. These aggressive sales of long traders and the weak momentum of Cardano’s price have left investors reassessing their options.
Panshibi Keeps Intriguing Investors
Panshibi’s entrance into the market hasn’t gone unnoticed. The new project, which came alive a few weeks after it began its 60-day presale, is set to launch into the market after the 60 days assigned for its presale are over. Much like Pepecoin, the new meme coin has intrigued a growing number of followers.
These followers span from short traders who have bored losses from the weak momentum of the market. They are seemingly betting big on the Panshibi’s 1,200 rally next quarter. Industry experts have backed the project to succeed for different reasons.
Firstly, they believe the project’s ideologies will attract a vast number of market participants in the near future. The Panshibi project would become a shield and sword to those plagued by the anarchical and corrupt practices of traditional financial systems. PanshibI projects this will help curb the excesses of the global economic bigwigs.
On a second note, they approve of the project’s gamified approach to reward members of the SHIBI community. Community members can participate and compete against each other in quests to earn passive income. Experts feel this project has all the right ingredients to make it big in the market in 2025. SHIBI tokens are currently going for $0.005 apiece, and when you buy today, you get an extra 20% bonus.
Join the Panshibi presale today for $0.005 per token;
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
