Cardano Price Witnesses 3% Dip as Investors Shift Focus to P2E SHIB Derivative
Cardano Price Suffers Post-Hard Fork
The Cardano price has plunged 3.8% in the last 24 hours to trade at $0.3282 as of 3:30 a.m. EST. This move coincides with a 66% surge in trading volume to $279 million. The enthusiasm around the hard fork seems to have faded quickly, prompting a shift in investor sentiment.
Investor Interest in P2E SHIB Derivative
Following the announcement of the hard fork, attention has rapidly turned to a newly launched P2E SHIB derivative. This product is capturing interest due to its projected 880% APY, attracting capital away from Cardano. The transition demonstrates how quickly market priorities can shift, leading to reactions within the broader cryptocurrency arena.
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