Cardano Dips Again as Meme Coin Panshibi Gears Up For Launch

According to crypto news today, Cardano, the tenth largest cryptocurrency by market cap, is down by nearly 0.2% after another dip in the Cardano price.

Cardano, the tenth largest cryptocurrency by market cap, saw another dip in its price on Monday, the 2nd of January 2024. According to Coinmarketcap data, Cardano is down by 4% in the past day, likely due to selloff pressure from investors. The latest price movements come as several positive and negative movements affected the Cardano price over the last week, prompting questions over whether or not it is a good buy.

Meanwhile, there is a growing sentiment among the crypto faithful that rising meme coin Panshibi could experience parabolic growth when it launches. According to a recent Coingecko report, meme coins are one of the fastest-growing sectors in the crypto industry and are currently the most in-demand crypto. Panshibi, currently in the fourth stage of its presale, has been tipped by analysts to become the biggest meme coin of 2025, contributing to its appeal.

Cardano Price Dips Again, Good Time To Buy?

After a brief recovery from the recent downturn in the crypto market, where Cardano price rose by nearly 0.2%, the tenth largest cryptocurrency is back in the red zone once again on Monday. According to Coinmarketcap data, Cardano is down by 4% in the past day.

The latest price movements follow a massive sell order that hit the market on Sunday evening, leading to a sharp drop in the Cardano price, which is yet to fully recover from the latest downturn. There have been several positive and negative movements to the Cardano price over the last week.

After rising above $0.41 early last week, the Cardano price fell sharply on Thursday after news that several crypto hedge funds are planning to liquidate their holdings, leading to a panic sell-off in the market. The latest price movements come as several positive and negative movements affected the Cardano price over the last week.

After rising above $0.41 early last week, the Cardano price fell sharply on Thursday after news that several crypto hedge funds are planning to liquidate their holdings, leading to a panic sell-off in the market.

There have been several positive and negative movements to the Cardano price over the last week, prompting questions over whether or not it is a good buy. There are typically two best times to buy a token: during its presale and after a significant dip. Cardano is currently experiencing the latter, making it an ideal investment option for investors with an appetite for long-term gains.

Like Solana and XRP, Cardano is among the top altcoins in the running for an ETF approval from the SEC. ETF approvals have recently turned out to be one of the major drivers of token price activity, and a Cardano ETF approval could send its price skyrocketing in the market.

Furthermore, the liquidity injection from a Cardano investment product will massively affect its economic position, which is why it is an ideal long-term investment ahead of the bull run.

Panshibi Gears Up For Launch, Set To Explode At Launch

There is a little over a month left until Panshibi launches on major centralized and decentralized crypto exchanges, according to the launch tracker on the meme coin’s landing page. This means two things: token holders could finally get massive returns on investment in the SHIB token, and potential investors have limited time to purchase the token on the cheap.

According to a recent Coingecko report, meme coins are one of the fastest-growing sectors in the crypto industry and are currently the most in-demand crypto. Panshibi, currently in the fourth stage of its presale, has been tipped by analysts to become the biggest meme coin of 2025, contributing to its appeal.

Panshibi not only has an interesting narrative, combining Asia and Pandas together, but it also provides massive utility to token holders. Ownership of the SHIBI token comes with perks, such as passive income generation through stake-to-earn programs and access to an exclusive VIP members club.

60% of the token’s total supply is available across the presale stages. Once it ends, potential investors will have to purchase it on major crypto exchanges, such as Uniswap, when its price would have likely skyrocketed. Panshibi is expected to surge by over 140,000% when it launches.

Conclusion: Good Time To Buy Cardano, Panshibi Set To Explode

Although the Cardano price is on a downward trend, the reality may not be all gloomy for Cardano holders. The latest price dip presents an opportunity for investors with an appetite for long-term gains to take a position in an altcoin that could generate massive returns before long.

Cardano is among the favorites to receive an ETF approval from the SEC, an event that could trigger a surge in its price and market cap. Consistent liquidity injections from institutional investors also mean steady growth, meaning the token could quickly rise up the ranks among the largest cryptocurrencies by market cap.

Meanwhile, Panshibi could make good on analysts’ predictions when it launches on